tag:blogger.com,1999:blog-32931256.post7058159431905449729..comments2024-03-22T05:20:44.167-07:00Comments on The Disaffected Lib: First It Was the US, Then Iceland, Ireland and Greece. Is China Next?The Mound of Soundhttp://www.blogger.com/profile/09023839743772372922noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-32931256.post-48920364673306673162011-06-13T16:44:21.813-07:002011-06-13T16:44:21.813-07:00I have what many would call a useless degree, its ...I have what many would call a useless degree, its in History. So all I can do is draw conclusions about what factors made the world the way it is now. If history were ever to repeat itself I expect people like myself would be in high demand. Some suggest the reason this has never happened throughout history is that people are paid mucho donaro to not see evidence.<br /><br />My take on this is much like Jim Morrisons, "I hope to have a lot of kicks before the whole shithole goes down". The shithole has gone done innumerable times in human history, and I belove we are only one of the cycles, yep there have been advanced human civilizations a couple of times before ours. No matter even in our own history we can document con men taking over th whole economy and bringing it down, and that were we are and our pols should just say so. So whats going to happen, well we have built a huge house of unsustainable cards in North America, and we will take the biggest hit. But the good news is that in twenty years it will all look like a good lesson. See<a href="http://thinkingaboot.blogspot.com/2011/05/how-long-till-great-collapse.html" rel="nofollow"> WW2.</a>Stevehttps://www.blogger.com/profile/14162783936999869984noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-33853933526037228272011-06-13T11:54:11.751-07:002011-06-13T11:54:11.751-07:00I'm not entirely convinced about your cataclys...I'm not entirely convinced about your cataclysmic views on monetarism. There has already been an enormous transfer of wealth to the ultra-rich. Three decades of Middle Class income stagnation in the face of massive increases in productivity are the proof positive of that.<br /><br />It's curious that the same "socialist liberal democracies" you single out have best weathered the Wall Street meltdowns and remain the healthiest economies in their respective regions.<br /><br />The global meltdown, to my understanding of it, was driven by deregulated "casino capitalism" rather than monetary policy. In either case our societies today are becoming destabilized and unrest is spreading. Welcome to what some are already calling the "century of revolution."The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-64982004833753696112011-06-13T11:39:39.460-07:002011-06-13T11:39:39.460-07:00The entire world is headed over the next few years...The entire world is headed over the next few years for a massive hyperinflationary event and a devastating depression after that will take the US to 3rd world status which will take the Americans generations (if ever) to come out of. While China and India will be hit hard during this coming hyperinflation and world wide downturn they will come out of it as the new economic superpowers and world leaders. <br /><br />The west (Europe and North America) will see our power and influence massively diminish as the rest of the world (rightly) blames us for the coming depression that will make the 1930’s look like a picnic.<br /><br />This coming hyperinflation (that has already begun) was guaranteed to happen the moment on Aug 15 1971 Nixon took the US and because of the Breton Woods Agreement of 1944 the rest of the world off the gold standard into a fully fiat (socialized money) monetary system.<br /><br />What we are about to experience over the next few years is the death of socialized (fiat) money, not the failure of capitalism. <br /><br />With the coming death of the fiat monetary system so will the nanny state (social programs) die a messy death leaving 100’s of millions newly impoverish North Americans to their own devices just when they will need government help the most.<br /><br />The connection between fiat money and the nanny state was always there. You could of never had Socialist liberal democracies (Canada, Sweden, Germany, etc) survive over the long term without a fiat (the ability to create or print money out of thin air) monetary system to pay for bloated governments<br /><br />. The problem with a fiat monetary system is they will ALWAYS collapses into a hyperinflation event which destroys the middle class and creates a huge wealth transfer from the many (middle class who does not own any precious metals) to the few (the banking elites who own most of the gold and silver.) This has happened many times throughout human history and we are about to live through it again.<br /><br />DenoDenonoreply@blogger.com