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I wouldn’t be so hard on Professor Keynes. I’m no Keynesian but I believe that his theories are not without some merit. The Jew economist Milton Friedman and his ilk have done far more damage to the economy than the Keynesians have. “Supply side economics”…”Free markets”…”Free trade”…”Deregulation”…”Competition”….”Empowerment”….Screw you, right-wing kike kapitalists.

Consider this….the US national debt in 1980 was around $750 billion. It took almost exactly 200 years to accumulate that amount of debt. The national debt today is 20 times greater than it was in 1980. What took 200 years to accumulate was increased 20 times over in just 30 years! Mind you, a lot of that debt was amassed during “conservative” Republican administrations.

But don’t you worry, this whole rotten Jew system is already on the way towards total collapse. If giving King Obongo a second term can help accelerate the destruction, then I will gladly vote for that uppity nigger next year. I want the absolute worst person imaginable to be President.

But wait, wait……how about Michelle Bachmann? She’s such a brainless dolt that she makes G.W. Bush look like Aristotle by comparison. She’s even got a big fancy queen for a husband! What more could you ask for? Yes, yes, by all means, Michelle Bachmann for President in 2012. There’s no way America could survive more than a few months under the “leadership” of a deranged and dangerous dingbat like her.

The sheenie operated “Federal” Reserve makes billions off the interest in financing the budget deficit. Gentile nations have suffered mightily in adhering to the various economic systems invented by jews for the exclusive benefit of jews. It doesn’t matter whether you adopt the Friedman school, the Keynsian school, libertarianism or Marxism. The end result is that jews (and their gentile stooges) will get richer while working white gentiles will get poorer.

How is it that white Americans continue to produce more each year yet can barely put food on the table or afford health care? While at the same time jewish financiers and corporate executives, both jew and gentile, live high on the hog.

If you let jews control the money supply or dictate economic policy it won’t be long before the citizenry is reduced to the status of livestock. Look no further than America.

http://www.youtube.com/watch?v=JJVZ8sf6uBI&NR=1

Howdy, the Jew Soros is mistaken if he thinks China is going to be the next economic leader of the world. The Chinks do NOT have what it takes to dominate the world like the USA, Holland, Britain and Germany do. They have a lot of internal problems which are probably more serious than Peking is admitting and their economic expansion is moving ahead at a reckless, unsustainable pace. I look forward to the day when China’s “communist” government finally collapses, along with the equally despicable EU. That day can’t be too far off.

PS…What kind of sci-fi movies do you like? The 1972 Soviet film “Solaris” was very good. No Will Smith, Adam Sandler or Jeff Goldblum nonsense, no gratuitous sex scenes or anything like that. No one busts a move, there are no computer generated rabbits and no Celine Dion songs. It is a very long, deep and complex film, so you’ll have to pay close attention. Don’t even get up to pee.

Sorrrry Tim, I gots to go take a pee, at least Chinese people have a pot to pee ing

Waldo, I see you’re someone who is easily amused. Here, look at this bit of crumpled-up aluminum foil on a string. Look how it goes up and down, up and down and all around. Isn’t it shiny?….wheeeeeeee!

OK, OK! Calm down! Jesus Christ, don’t get all spastic on me. Here, you go ahead and play with it as much as you want. And then give it to Nom d G. when you’re through. Seeing him sitting there staring at the aluminum foil ball with his tongue hanging out of his mouth and drool all over his bib is making me nervous.

August 1st, 1914…..the day that all hell broke loose. We are still paying for it almost 100 years later.

August 02, 2011

The Decline and Fall of the American Empire
By Paul Craig Roberts

The United States Government and its presstitute media have wasted time and energy creating hysteria over a non-existent “debt ceiling crisis.”

After reading the “news” in the Ministry of Propaganda and witnessing the stupidity of the US government, the rest of the world is struck dumbfounded by the immaturity of the “world’s only superpower.”

What kind of superpower is it, the world wonders, that is willing to go to the eleventh hour to convince the world, which holds its banking reserves in US Treasury debt, that the US government will default on the debt?

Every country in the world now worries about the judgment and sanity of the country with the largest nuclear arsenal in the world.

This is the achievement of the Republicans, who took an ordinary commonplace increase in the debt ceiling limit, an event that has occurred routinely many times over the course of my life, and turned it into a crisis threatening the world financial system.

To be clear, there was never any risk whatsoever of US default as President Obama has power established by President George W. Bush’s Presidential Directive 51 to declare default a National Emergency and to set aside the debt ceiling limit and Congress’ power of the purse, and to continue to issue the debt necessary to fund the US government and its wars.

That the American press ever took this highly-hyped “crisis” seriously merely demonstrates their prostitute status.

The US public debt is rising too rapidly against US GDP, although it is still below the percentages during World War II. The problem that is ignored by the idiots in Washington and the presstitutes is that the debt is rising relative to the economy because the economy is not rising, but war expenditures are.

Why is the economy not rising?

It is not rising, because it has been offshored. What formerly was US GDP produced in Gary, Indiana, St. Louis, Detroit, Silicon Valley, and other US locations is now GDP for China, India, Indonesia and other countries where manufacturing labor and professional services can be hired below US rates.

What happens with offshoring? The answer is clear. US GDP, consumer income, career opportunities, and tax base leave the country. Corporate profits and bonuses rise due to the lower labor costs.

Who is this good for?

The answer is that it is only good for Wall Street, corporate shareholders, and corporate management. Their incomes go up, and the GDP goes down along with the employment opportunities of Americans and the tax base for government.

The other destroyer of American economic prospects was the deregulation of the financial sector. Economists theorized that markets were self-regulating and created the illusion that greed was never a problem. This was music and dollars to Wall Street’s ears. Federal Reserve Chairman Alan Greenspan and the Wall Street-owned US Treasury jumped on board. Those, who like Brooksley Born, were empowered by US law to regulate derivatives, were driven out of office by the Federal Reserve Chairman, the US Treasury Secretary, and the Securities and Exchange Chairman.

Financial institutions freed from Glass-Steagall, freed from capital requirements, and freed from oversight, immediately took debt leverage on highly unrealistic bets to amazing heights. When the schemes collapsed, the Federal Reserve lent US and foreign banks $16.1 trillion dollars, a sum larger than the US national debt and larger than the US GDP.

Where did the Federal Reserve get $16.1 trillion to lend? The Fed created it out of thin air with a stroke of a computer entry.

While the Federal Reserve created $16.1 trillion in new loans for private banks, the bailed out banks bulldoze the foreclosed homes of the evicted Americans.

So in America, the light unto the world, American citizens are thrown out of their homes in order that banks can bulldoze their homes.

Only in America does this makes sense.

And it is not only Americans who are being made homeless by US policies. Afghans, Pakistanis, Iraqis, Yemenis, Somali, Libyans are also consigned to homelessness by American policy. Moreover, America’s wars against these peoples together with the supporting military/security budget account for 75% of the US budget deficit. Indeed, the cost of these wars exceed the planned future budget savings from the debt limit deal.

In other words, the cost of the wars that make millions of foreigners homeless use up revenues that the federal government could have used to keep Americans in their homes and teachers in the schools. As much as many Republicans profess to be concerned about the US public debt, Republicans were not sufficiently concerned to address their issue by cutting back the $1.2 trillion military-security budget or by raising the low tax rates on the mega-rich.

Look at these July 30 headlines, just two days prior to the default deadline, from the online group, Stop NATO:

US Military To Be Based In Australia To Confront China

Call To Expand American Counterinsurgency Operations In Philippines

US Could Upgrade Polish Warships For Baltic Sea

Bulgaria: Pentagon Continues Upgrading Military Bases

US Uses Romanian Air Base To Supply Afghan War

America’s Africa Partnership Station In East Africa

Mongolia: US Leads NATO, Asian NATO Allies In Military Exercise

Libyan War: Over 17,000 NATO Air Missions, Nearly 6,500 Strike Sorties

The Big Picture: War on Libya is War on Africa

What in the world is a country facing bankruptcy and default doing conducting military exercises in Mongolia and Central Asia? What is the North Atlantic Treaty Organization, designed to counter a Soviet thrust into Western Europe, doing in Mongolia?

Why are these military expenditures necessary, but not expenditures to keep America’s homeless population from rising while homes are destroyed?

Why do not the Republicans listen when mega-billionaire Warren Buffett says that the tax rate on his massive income is lower than the tax rate on his secretary’s income?

The answer is that the Republicans have an agenda: War. And Republicans want to fund this war, not by taxing high incomes but by cutting support programs for the down and out.

To cut to the chase: Even if all the cuts actually happen, the weakening economy will result in new deficit projections that will wipe out the expected savings from the debt limit agreement.

What then will the government do?

Until US policymakers comprehend that the economy has been moved offshore and take steps to bring it home, there will be no solution to America’s debt problem or to its unemployment problem.

Paul Craig Roberts [email him] was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand. He is the author of Supply-Side Revolution : An Insider’s Account of Policymaking in Washington; Alienation and the Soviet Economy and Meltdown: Inside the Soviet Economy, and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice. Click here for Peter Brimelow’s Forbes Magazine interview with Roberts about the epidemic of prosecutorial misconduct.
__________________
Isn’t it strange that we talk least about the things we think about most?

We cannot allow the natural passions and prejudices of other peoples
to lead our country to destruction.

-Charles A. Lindbergh
http://www.fff.org/freedom/0495c.asp

shabbos s shabazz Says:

3 August, 2011 at 12:25 pm

HD @2:26

Thank you for the post.

This is Jim Rockford. At the tone leave your name and message and I’ll get back to you.

BEEEEEP!

http://www.youtube.com/watch?v=d41cAOmcuxk