Showing posts with label debt ceiling. Show all posts
Showing posts with label debt ceiling. Show all posts

Thursday, February 19, 2015

White House And Ghosts Of Beheaded French Nobility

History reappears.Beheading in the Middle East and arrogant, king-like presidency in White House.Put the two closer together and maybe a beheaded president in effigy.What would one expect when trillions are spent making a population equal?French nobility spent the equivalent of trillions fluffing their nests.Who would have guessed that the street people who guillotined their leaders would spend so much money trying to fluff their own nests. Democracy unleashed by constraints of earned money - fiat money will do well enough- creates an african-american pickaninny president who resembles the doomed French peerage.Obama dispenses entitlements and enlarges wars that he vowed to stop.Who will pay for the trillions in debt. One beheaded president wont cover the bill. Maybe a start?Still comes up short. But it still won't be pretty when the bills come do.

Sunday, July 31, 2011

Debt, Consumer, Democracy:Work for Money

The debt ceiling, spending cuts and raising taxes are in the news. That's putting it mildly. It's a simple problem in essence. People should work. People should get paid for work. When one person doesn't work then at least one other has to shoulder that undone work. Our economy is made up of app. 70% of consumers. In other words , effectively 70% of us consume more than they produce. That's not sustainable yet it has been going on for decades. How is it possible? Technology provides slave-like work . We ship the jobs we refuse to do to other countries and thereby enrich others. And debt covers the rest of the shortfall. We borrow as a nation so we don't have to work. America's currency is a reserve currency of the world. I.E. it underpins the worlds economy. Yet we borrow more than we produce. That's also unsustainable . So the reserve currency status is in jeopardy. Which means that if we lose that postion prices will rise. Which will further exacerbate the debt and lack of work issues.

In the future we will have to work more. At the least our economy will have to be 50% manufacturer and 50% consumer.

Thursday, July 14, 2011

Eric Cantor Vs Barack Obama: Hope for Straight White Males?

Well look ye here. The debt ceiling battles in Washington are getting very personal. Even old relationships are in jeopardy- Zionist Jew snarling at affirmative action black president. Rep. Eric Cantor of Virginia, who is AIPAC's poster boy is slugging it out with decadant President B. Obama. It's remarkable, because Jewish activists and attorneys have long used the blacks as their cats paw for advancement monetarily and politically. But now it looks like black resentment over their exploitation has bubbled up in the Cantor/Obama face off. The extra animosity between the two comes from each others opposite view on the rogue state of Israel.

As a straight white male, anything that can breakup or compromise that partnership from hell is good news.