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In February, President Trump said that tariffs would generate so much income that Americans would no longer need to pay income taxes.
The latest plan, according to U.S. Commerce Secretary Howard Lutnick, is to abolish income taxes for people who earn less than $150,000 yearly. That move would affect roughly 75% of workers, according to U.S. Census Bureau data. On its face, this could narrow the wealth gap by boosting disposable income for low- and middle-income households without raising taxes on the wealthy — a politically clever alternative to progressive tax hikes.
Eliminating the burden of income taxes is an exciting proposition, due to savings not just in money but in man-hours — the time spent anguishing over ledgers, forms and receipts. In 2024, according to the Tax Foundation, Americans spent 7.9 billion hours complying with IRS tax filing and reporting requirements. That is equivalent to 3.8 million full-time workers—roughly the population of Los Angeles — doing nothing but tax paperwork for the full year.
The question is, can tariffs and DOGE replace income taxes? If not, how else could the government fund itself? Is a growing debt bubble that is now carrying a $1.2 trillion interest tab, which must continue to expand just to sustain itself, the only alternative?
How Eliminating Middle Class Taxes Would Affect the Budget
In a March 21 article titled “Ending Taxes Below $150,000 Would Lose $10 to $15 Trillion,” the Committee for a Responsible Federal Budget concludes:
Even if enacted in a targeted manner, we estimate such a change would reduce revenue by roughly $10 trillion through 2035 if applied to income taxes only and $15 trillion if applied to employee-side payroll taxes as well. …
If enacted relative to current law, ending taxes on income below $150,000 would boost debt by $12 to $18 trillion with interest, increasing debt-to-GDP to between 145 and 160 percent – compared to 118 percent under current law.… Importantly, Commerce Secretary Howard Lutnick has said the proposal would be contingent on achieving budget balance first.
Dividing the $10 trillion lost over 10 years (2025–2035) gives a $1 trillion loss per year on average, though there may be year-to-year variations. Trump’s team proposes to offset this loss with savings from the Department of Government Efficiency (DOGE) and new tariff revenues, but the math doesn’t look good.
The Prospects from Tariffs and DOGE
Elon Musk’s DOGE has identified significant areas of federal “waste, fraud and abuse,” but the program was originally projected to save $2 trillion by slashing misused funds. At Trump’s cabinet meeting on April 10, Musk said he expects the agency to find $150 billion in savings in fiscal year 2026, a number significantly lower than even the $1 trillion he said in February he was confident DOGE would find.
Tariffs remain Trump’s primary funding mechanism. He has frequently referenced the 19th century, when there was no income tax, and tariffs were the principal source of revenue for the U.S. government. In his Liberation Day speech on April 2, he said, “From 1789 to 1913, we were a tariff-backed nation, and the United States was proportionately the wealthiest it has ever been.” Trump’s particular hero is Pres. William McKinley, whose 1890 tariff of nearly 50% was a high point of the tariff policy.
The problem is that in the 19th century, the U.S. government had far fewer costs. Among other expenses, there was no Social Security, no Medicare and no trillion dollar interest to be paid to investors.
As originally proposed, Trump’s tariffs included a 10–20% universal tariff and up to 60% on Chinese imports. At that rate, the Tax Foundation estimated that the tariffs could raise $1 trillion over a decade ($100 billion/year) after accounting for reduced imports, while the Tax Policy Center put the figure as high as $2.8 trillion ($280 billion/year).
These projections remain speculative, since the results of the trade deals being negotiated are yet to be reported. On April 30, the president stated that negotiations had already resulted in $8 trillion in promised investment in U.S. production, an impressive number, but investments take several years to manifest as new tax income.
For the near term, DOGE cuts at $150 billion per year and tariffs estimated at $280 billion per year would cover less than half the trillion dollar loss projected from middle-class tax cuts. And that is without touching the $1.9 trillion deficit already projected by the Congressional Budget Office, something Commerce Sec. Lutnick said would have to be eliminated before income tax relief could be considered.
The Elephant in the Room
Even if new trade deals manage to cover the full deficit, the unprecedented federal debt will continue to loom. Currently standing at $36.21 trillion, the debt comes with interest payments projected to hit $1.2 trillion in 2025. That works out to $3.3 billion per day. In effect, all of our middle-class income taxes are being spent just to pay interest to bondholders, foreign and domestic.
Interest costs are expected to rise from 9% of federal revenue in 2021 to 23% by 2034, crowding out federal priorities like infrastructure and healthcare. And that assumes bond buyers keep rolling over the debt at current rates. For FY 2025, an estimated $9.2 trillion — fully a quarter of the debt — will come due and need to be refinanced. What if foreign countries, which hold approximately 30% of the debt, decide to invest elsewhere?
The most efficient to fill the trillion dollar hole left in the budget if middle-class income taxes are eliminated might be to take an axe to the trillion dollar interest tab and the federal debt sustaining it. But how?
Even Quantitative Easing Won’t Work to Eliminate the Interest Burden
Many economists think new rounds of quantitative easing (QE) are necessary, as the only way to keep Treasury interest rates low. QE is a maneuver by which Treasury debt is purchased by the Federal Reserve with newly issued bank reserves. The debt could theoretically be eliminated by having the Fed buy the securities as they come due. Assuming $9.2 trillion in debt maturing annually, the whole debt could be moved onto the books of the Fed in about four years, and since the Fed is required to rebate its profits to the Treasury after deducting its costs, this could theoretically eliminate the interest burden. But there are two wrinkles:
(1) The Fed is not allowed to buy federal securities directly from the Treasury. It primarily conducts its open market operations, including QE Treasury purchases, through primary dealers, a select group of large financial institutions designated by the Fed to act as its counterparties in the open market.
(2) Ever since 2008, the Fed has been paying interest on the banks’ reserve balances (IORB), which counts in the costs it deducts from the profits it returns to the Treasury. The rate on IORB set by the Fed is 4.4% as of May 2, 2025, while the average interest rate on the federal debt is approximately 3.3% for the fiscal year-to-date 2025.
Thus if the Fed were to buy $9.2 trillion in federal securities this year, it would receive $9.2 trillion × 3.3% in interest but would have to pay IORB on the same $9.2 trillion at 4.4% to the banks, a net loss to the Fed. In effect, the banks would be receiving the interest rather than the Treasury, unless a couple of laws were changed, and changing them would no doubt meet with heavy resistance from the powerful banking lobby.
Why, you may ask, does the Fed feel it needs to pay interest on bank reserves? Good question. It’s a monetary policy tool designed to curb inflation by setting a floor on the fed funds rate, the rate at which banks lend to each other. Since banks won’t lend at rates lower than they can safely earn from the Fed, it’s a way to keep interest rates high. But the result has been that the banks have simply reduced their lending. Why lend to risky local businesses when they can sit back and collect a safe and ample return from the Fed itself?
It’s a controversial windfall to the banks, to support an interest rate that is itself controversial. But the bottom line is that the Fed is not able to bail out the government from its trillion dollar interest tab. What then is to be done?
A Radical Alternative Whose Time Has Come
Given the president’s predilection for 19th century economics, he could go a bit further back than to President McKinley. Abraham Lincoln, the first Republican president, avoided a crippling national debt by resorting to the funding mechanism of the American colonists: let the government print the money directly, not through a banker-controlled central bank but through the Treasury. The government could buy back its debt with U.S. Notes or “Greenbacks,” as permitted under the Constitution (Article I, Section 8) and declared legal by the Supreme Court. These new currencies could then be used to repurchase maturing Treasury securities debt- and interest-free.
Critics will cry “hyperinflation,” arguing that the newly-issued currency would flood the economy, spiking demand and prices. But if new money is directed to productive investments — for example infrastructure, energy, and healthcare — supply and demand will rise together, stabilizing prices. The Chinese demonstrated this in the 25 years from 1996 to 2025, when their domestic money supply was inflated from 4,840 CNY (Chinese yuan) to 320,526 CNY, or by 5500%; yet the price level remained stable and low. For a fuller explanation with data, see my earlier article here.
To ensure that the Greenbacks finance growth, a national infrastructure bank could channel funds into projects such as affordable housing, high-speed rail, broadband, the power grid and large water and transportation projects. China is again the modern model. It has three giant “policy banks” assigned to implement the policies of the government, including China Development Bank, the world’s largest infrastructure and development bank. A U.S. version could prioritize projects with high economic returns, vetted by transparent, DOGE-like algorithms to prevent waste and cronyism.
We desperately need infrastructure funding, and the current federal budget has no room to adequately address those needs. A viable proposal for a national infrastructure bank, H.R. 4052, currently has 47 cosponsors. The bank would use off-budget financing on the model of the Reconstruction Finance Corporation, the federal financial agency that rebuilt the country’s infrastructure during the banking crisis of the 1930s. For more information, see the NIB Coalition website.
For state and city governments, public banks on the model of the Bank of North Dakota could address local infrastructure needs. See my earlier article here and the Public Banking Institute website.
Prosperity Without Debt
It has been argued that “just printing the money” would jeopardize the federal government’s credit rating. Perhaps, but we wouldn’t need credit if we could create our own, debt-free. To repeat an editorial directed against Lincoln’s debt-free Greenbacks attributed to the 1865 London Times, which may be apocryphal but nevertheless demonstrates the possibilities:
If that mischievous financial policy which had its origin in the North American Republic during the late war in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.
Lincoln’s Greenback policy was indeed destroyed, along with the president who dared to implement it. But the U.S. government is powerful enough today to pull that “mischievous financial policy” off. A Greenback-funded debt buyback could offer a way to pay down debt without interest costs, while spurring growth through targeted investments monitored through a national infrastructure bank and local public banks to absorb demand productively. In several years, the whole $1.2 trillion interest tab could be slashed from the budget, making our trillion dollar middle-class income tax payments that barely cover that expense unnecessary.
The full budget could even be funded with Treasury-issued Greenbacks, eliminating the need for taxes at all. DOGE has demonstrated the possibilities for monitoring the government’s expenditures transparently and accountably with artificial intelligence. And as AI progressively replaces jobs, the government will need some form of universal basic income to supplement or replace worker salaries, perhaps “Social Security for All.”
Granted, that raises new issues around the privacy and programmability of a government-issued digital currency. But as Cornell Prof. Robert Hockett argues in his book, The Citizens’ Ledger, these can be overcome with cryptographic protections. For people leery of digital government-issued dollars, the Treasury could exercise its constitutional power to issue coins and paper dollar bills. Those are all complicated issues for another article, but the possibilities are provocative. We can escape the debt trap engineered by a private banking system that creates money as debt at interest – and escape the middle-class income taxes paying for that interest – by returning the sovereign power to issue money to the Treasury.
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I would bet most people who make less than $150k a year don’t pay income taxes anyway because of our large welfare class who don’t pay income taxes. I think one of the problems with our Marxist progressive tax rates where people at the bottom pay nothing is they have no problem with tax increases for others because they don’t taxes. Everyone benefits from tax revenue and I believe everyone should pay something.
Excellent idea, but remember one thing. Lincoln, Hitler, and Kennedy all printed money and look what happened to them. If Trump does this then he needs to keep our Trident subs on hair trigger alert in case any globalist cunts try something. They need to understand that no matter how many nukes they have hidden by their diplomatic corps in various countries, that we will still hit them back, hard. The globalists hate sovereignty, their cutouts in congress and the media will fight this tooth and nail. Just hit them harder than they hit you and restore sanity to this republic. Perhaps in addition to this greenback option we could also have a jubilee to further piss off the globalists. Stick the deficit up their asses. Put America first and the world will follow. Most importantly, bring the fucking troops home, all of them!
This discussion got stupid ages ago.
Libertarians, who I disagree with a lot, long ago came up with the National Sales Tax which would take care of raising money the easy way.
Assume a national tax of five percent on all purchases. It would raise enough — and thanks to the built in lack of deductions, you would not need the manpower to collect the money. The IRS is just a government make-work program.
More important, you would tax consumption, not industry. The more you spend on fripperies, the more taxes you pay.
I’ve always considered that a sane option, so it’ll never get anywhere. Once in awhile someone brings it up. And IRS drones shoot them down. It shows they know it would work.
The government and military are still too bloated, tariffs don’t generate enough revenue, without income taxes (which the government has become addicted to over the past 100 years), the government needs to be reduced by 90%. I’ll believe it when I see it.
Trump will decide nothing; his only job is to talk smack to a captive flock of sheeple. The globalists who are actually in charge, are the last group of people to throw the middle class a ‘no income taxes’ bone…. So once again, Trump is talking shit, and will deliver nothing…
John Wilkes Booth was an agent of the Rothschilds who assassinated Lincoln because of debt-free Greenbacks.
Trump doesn’t have the balls to tell the jewish financiers that the $37T in US debt that they are holding isn’t going to be paid back.
How about 25% sales tax only on everything. No more IRS, no more tax accountants.
Ellen Brown knows only one song: the government can print money and thereby solve all our problems. And the roads are paved with cheese! Yes, the system is corrupt, but Brown’s solution is a farce. She peddles it endlessly, and there are always rubes ready to eat it up.
A couple basic points:
In the original republic, Representatives were elected according to the voting requirements of the states, which specified that those who did not have enough wealth to pay taxes did not vote. A welfare class that voted in the looters, and was in essence bribed by the looters, was thus impossible.
Under the original republic, tariffs were the primary funding mechanism of federal government, with direct taxes possible only via apportionment via the states, never perpetual but only when voted upon once by Congress, and recurred to only for great purposes (i.e. emergencies) and for purposes clearly enumerated in Article I Section 8. In English, a direct tax was a one-time levy, had to be levied on states, with an amount proportional to their population (with slaves counting part of a human), and states could determine how to tax to pay it, and with the government not allowed to directly tax individuals. With Senators elected by States, knavery was near impossible. Eliminate apportionment, eliminate proportionality (progressive nonsense), and have Senators directly elected, you no longer have anything resembling what the Founders intended.
Money printing distorts price signals that are the backbone of the free market and is a tax. Massive money printing always creates massive distortions and creates bubbles. ALWAYS. As bad as the Fed Reserve is, handing the money printing power directly to politicians might be the only thing worse. Let’s see, what would AOC and her ilk do with the power to print endless money. You don’t need Nostradamus. We’d be the Weimer Republic in no time. Not that we won’t be very soon anyway. You can’t print your way to prosperity, not over the long term anyway. Idiots like Brown never get it. US policy at present is nothing more than musical chairs, with handguns, to prevent the tsunami of dollars circulating overseas from rushing back. Doesn’t matter who prints it, the problem still exists.
A final note is that after Fed pays its expenses, everything else is refunded back to Congress. The interest payments. A CEO tried that, he’d be in prison. It is money laundering, inflation laundering to be more precise.
Money printing should NOT replace tariffs and other conventional taxes. The borrowing is a problem. That is why government should live within its means and eliminate the deficit. The notion that the concept of the time value of money, central to finance and economics, can be magically nullified with the printing press is idiotic. And it is also sheer lunacy.
Hitler did this, cutting out the central banks.
Judea declared war on him in response in 1933.
“Interest costs are expected to rise from 9% of federal revenue in 2021 to 23% by 2034…”
Are you kidding me? Interest on the debt hits $1 trillion this year, 20.4% of $4.9 trillion federal revenue. That’s THIS YEAR, not 2034.
And the “7.9 billion hours complying with IRS tax filing and reporting requirements” is not caused by the income tax itself, but by the social engineering Congress employs through the income tax in the from of tax breaks, deductions, stc.
I’m sure it can be, since he effectively imposed an approximately 100% sales tax on every item in the country.
More likely, he will eliminate capital gains taxes and the delusional MAGAts will be left holding the bag. But they will still love both of their Jew Kings.
Interest costs are expected to rise from 9% of federal revenue in 2021 to 23% by 2034
optimistic: my back of the envelope estimate based on current yield curve and rollover rate of existing debt:
Interest cost of federal debt as percentage of federal revenues:
Actual
~2% 2019
~9% 2022
~18% 2024
Projected
~22% 2025
~30% 2026
~34% 2027
My back of the envelope shows 30% in 2026 and 34% in 2027. If that’s true, then the Federal Gov‘t will face an insolvency crisis in 2027.
Critics cry hyperinflation with good reason – because that’s exactly where it will end in the case of the U.S.
China could get away with massively increasing its money supply because …. (wait for it) …. CHINA HAD COMMENSURATE GROWTH.
The fact is that China is the productive manufacturing colossus of the planet.
It makes stuff that the world wants – hence the reason it grew fabulously prosperous.
Ellen Brown is putting the cart before the horse and saying:
‘Let’s get incompetent Gubmint bureaucrats (most of whom were complete failures in the private sector or were career politicians that never worked an honest job in their lives), and let’s get them to decide how the money is spent on infrastructure, energy, healthcare etc.
And THEN we can expect the economy to grow thereafter’.
REALITY: It never works that way.
In every sustainable economy that’s gone on to become prosperous, it is the PRIVATE SECTOR that must generate the wealth FIRST (by not being shackled with high taxes/Gubmint meddling/DEI and Green Energy subsidy mandates/a crushing regulatory burden).
Only then can Gubmint spend some of the nation’s wealth on infrastructure etc.
THAT is what China did in the period from 1978-2008.
THAT was the core foundation of China’s prosperity today.
ie: it was a state of affairs where the dynamic Chinese private sector was unleashed, coupled to an environment of MINIMAL GUBMINT as a % of GDP, low income and corporate taxes and no wastage of China’s precious wealth on endless wars on behalf of the Apartheid Israeli state (as the U.S routinely does).
You’ll notice that I specifically mentioned 1978-2008 above. I did so for a reason.
Up until 2008 China was doing pretty much all the right things.
The private sector was given free reign to build wealth for the nation.
Meanwhile the money supply, whilst it did increase significantly in that period, it did not increase at the profligate rate that it has post 2008.
In 2008 the GFC struck and China’s major export destination was flat broke.
U.S consumers stopped buying as much Chinese stuff.
All of a sudden industries that were manufacturing stuff for the U.S consumer were idle.
Workers were laid off and this did not bode well for the CPC.
The right thing to do from the Chinese perspective would’ve been to take it on the chin, to weather the temporary hard times and accept a recession and concomitant higher unemployment for a while. China should’ve bitten the bullet and gone through a period of austerity, to enable it to cleanse and liquidate the bad loans etc, while the economy restructured.
Instead the Chinese Gubmint went into profligate mode.
Not prepared to risk internal conflict and societal unrest (which could be fomented and exploited by the Anglo-Zionist empire to lead to a Colour Revolution/regime change), the CPC embarked on a colossal ‘Make Work’ programme.
This was accompanied by a massive increase in the domestic money supply.
The CPC spent this money on:
1) Thousands of kilometres of highways and bridges to nowhere.
2) Thousands of high rise apartment eyesores in ghost cities (many of which are still unoccupied to the present day)
3) Overcapacity after building at least a half dozen MEGA-Airports (in excess of what was needed), that to this day are massively under utilised or used sparsely.
4) Thousands of kilometres of high speed rail*.
(*In the case of the latter, those sections between population centres of high density are paying for themselves. But there are numerous other stretches that are operating well below capacity and have been, since the day they were built, HAEMORRHAGING RED INK.
You see, Gubmint directed ‘investment’ is rarely Productive Investment.
Sure, if Gubmint allocates money to scores of different sectors of the economy, eventually they’ll get one right.
Supporters of Centralised Authoritarian Big Gubmint will always be able to cherry pick one or two examples of Gubmint ‘investment’ that paid off, that became self sustaining and profitable.
But for every winner there are scores (and more often HUNDREDS) of losers, where the money was flushed down a rat hole.
This is true in ALL nations in ALL eras of human history. There are NO exceptions.
Gubmint ‘investments’ almost always turn sour.
Not so in the case of the U.S.
The U.S makes pretty much nothing that the world desires.
To the extent that U.S manufacturing earns many billions in export income, a disproportionate amount of that is sales of overpriced ‘Weapons of Death’, which its vassals are forced/intimidated into buying.
But, as we’ve seen from the Ukraine proxy war debacle, the mighty Russians have turned the entirety of the high tech U.S weapons supplied to Ukraine into scrap iron, not long after deployment on the battlefield.
Soon enough therefore, purchases of U.S weaponry will diminish from their present levels.
Moreover, should the U.S Gubmint adopt the proposals of Ellen Brown, you can bet London to a brick that incompetent politicians and bureaucrats will squander trillions on projects that turn out to be losers. There will be NO accompanying growth of the U.S economy.
It will be a repeat of FDR’s disastrous ‘New Deal’, which turned what would’ve been a short/sharp recession into the prolonged Great Depression.
Applying any metric one chooses to use, the New Deal was catastrophic.
And Ellen Brown’s [MMT equivalent] suggestion would yield results that are multiples worse than FDR’s New Deal.
What I say about U.S Gubmint spending on ‘investments’ is not just speculation.
We all heard how California proposed to implement some High Speed Rail of its own.
Click on the link below and see for yourself how that went:
https://tfppwire.com/the-most-expensive-failure-in-u-s-history-californias-high-speed-rail-implosion/
Simply put, there were massive cost overruns, it’s been massively delayed and it does not even connect major population centres (thus ensuring it will haemorrhage red ink for its entire service life – before it’s shut down not long thereafter).
That is the REALITY OF GUBMINT ‘INVESTMENT’ in America.
So let’s hope Donald Chump’s economic advisers heed what Ellen Brown proposes and actually implements it.
Because the sooner to U.S economy implodes and is mired in an inflationary Depression, the sooner the rest of the world can breathe easy.
When the Great Satan descends into the abyss, there will be euphoria and much rejoicing throughout the world.
Ellen, few readers are likely to understand your article here, which is all right—for it is hardly the duty of the ordinary American citizen to grasp the abstruse operations of the Federal Reserve. However, I thought that I did grasp the basic operations, until the article informed me today that 12 U.S.C § 289(a)(3)(B) has been more or less a dead letter since 2008. I had not known this.
Apparently, my understanding has been 17 years out of date.
Would you mind pointing me to the federal statute that authorizes IORB? Is it 12 U.S.C § 461(b)(12), dated 2006? Or is it something else? My other question is, was IORB therefore impossible until 2006? An engineer rather than an attorney, I am unsure that I read the statute right. This is why I ask.
So the Federal Reserve’s Board of Governors has the authority to revive 12 U.S.C § 289(a)(3)(B) any time it likes, merely by (a) very slowly adjusting the reserve ratio and then, once the ratio were sufficiently conservative to deter a repeat of the Panic of 2008, (b) ratcheting down the IORB rate a little below whatever rate the Open Market Committee had established to take Treasury securities off the market. Is this right?
Here’s an idea….also eliminate some of the need for taxes.
Stop all the government handouts to women who are just popping out children to get tax incentives (and child support). This system has created a whole ecosystem of waste, fraud, and abuse. It has also created our current state of affairs….Idiocracy.
Video Link
Give me a Break – they can’t even send people their refunds from over paying yearly taxes within a month and 1/2. You think they are going to abolish taxes – only Trump could throw that idea out – in order to make himself and his ego sound good. People that believe this stuff – are way too programmed. We all know who got their Taxes abolished – and it wasn’t the populace.
I don’t follow. Let’s say the government prints greenbacks. It uses them to repurchase maturing Treasury securities. Now whoever was holding US Treasuries (banks, hedge funds, insurance companies, foreign governments, pension funds, etc.) has the greenbacks. So how does ‘a national infrastructure bank’ funnel these greenbacks held by random third parties into infrastructure projects? Does a national infrastructure bank confiscate these greenbacks from them? Or what?
That 320,526 CNY
equals 44,288 US Dollars,
so I don’t believe it.
No one should pay income taxes. The federal government is quite capable of printing money to cover expenses. But the key is to ban the privately-held federal reserve.
http://biblicisminstitute.wordpress.com/2015/08/14/when-money-is-the-problem/
http://biblicisminstitute.wordpress.com/2014/08/24/the-corrupt-federal-reserve-is-not-federal/
Graduated Flat Tax with no loopholes.
$0-50,000-No tax.
$51,000-100,000-Reduced rate.
$101-150,000-Reduced rate.
$151-200,000-Same rate.
$201-250,000-Higher rate.
$251-300,000-Higher rate.
$301-350,000-Higher rate.
$351-450,000-Higher rate.
$451,000 and up- Much fukkin higher rates!
Too bad Gary North is not still around to reply.
Getting rid of the Fed would be more believable.
I will take congress seriously on money management and fiscal policy when they bar themselves from participating in the the financial markets while in office.
And I have yet to see a tax proposal
flat tax or otherwise that would earn the needed funds to operate government. As it turns out most ofthe money spent has been well acclounted for — the supposed DOGE savings aren’t going to pinch the budget.
Ahh the pipe dream of no taxes —–
a fantasy that won’t go away. Whether graduated, flat, of some combination thereof, on sales or income taxes are not going away. Though I can understand why the wealthiest class have such dreams.
https://itep.org/the-pitfalls-of-flat-income-taxes-2025/
If the effectiveness of a no tax system could work — I keep thinking it would have been implemented long ago.
Can a sausage dog run in a greyhound race and win ??
Trump is becoming well known for waking up, scratching his balls, and “thinking outside the box” aka fermenting another shit idea. An executive order is prepared and a few days later he changes his mind, after declaring he won nd what a wonderful (oops I meant beautiful beeootifull) person he is..
Good luck with the tariffs (aka Customs Duties or Import Taxes) and eliminating income taxes !
The USA under its Dear Fuhrer is a circus show with the MC and lead Clown doubling up and enjoyed by the rest of the world. His aides no longer kiss his ass with praise, they shove their noses so far up his blow hole they have to be descended from Pinocchio
There you go, round and round !
https://youtube.com/shorts/VHpd9TXCNO8?si=EpQn8fDbGVVsEReF
I suspect the role of British imperialism in encouraging the deeply Anglophobic United States to wage war against itself is one of our great state secrets. The English historian John Reeves noted that when the Rothschild family met in London in 1857 for a wedding, the former (and future) Prime Minister of England Benjamin Disraeli gave this toast: “If you like, we shall divide the United States into two parts, one for you, James, and one for you, Lionel.” Rothschild family biographer Niall Ferguson notes a “substantial and unexplained gap” in private Rothschild correspondence between 1854-1860. He says all copies of outgoing letters written by the London Rothschilds during this Civil War period “were destroyed at the orders of successive partners.”
President Trump’s Proposal to Eliminate Income Taxes: Can It be Done?
Yes. Hook up the people on Crypto Currency, and just implement it for a moment.
Then when the people are used to it (crypto), suck them dry even more.
It’s that simple !
It’s revealing to examine the actual, physical notes printed for the Fed, to see how they evolved over half a century. The first issue appeared in 1914 and carried the promise that they could be redeemed in “gold, silver or lawful money, by the bearer on demand” at the U.S. Treasury or “any Federal Reserve Bank”. In 1933, the gold and silver exchange clause was eliminated. In 1950 the “in lawful money” redemption clause disappeared. The bearer demand clause finally vanished from the notes printed in 1963 and after. Now there remains only the “legal tender” clause. In this way the American public was carefully groomed to accept that paper money, which was originally a promissory note, a signed receipt for something of value held in trust, was now the thing of value itself. Only the facsimile signatures of the U.S. Treasurer and the Secretary of the Treasury now remain on our “money” as mute testimony to this long-abandoned tradition.
Meanwhile the other circulating U.S. currencies, Silver Certificates and United States Notes, also backed by precious metal, were quietly withdrawn from circulation and were gone by 1968. Earlier, back in 1933, FDR abolished the Gold Certificate notes, and at the same time consolidated the Fed’s hold on the money supply by ending the highly successful National Banking system, which since 1863 had chartered some 15,000 private banks, allowing them to issue their own federally-guaranteed paper currency for general circulation. In 1965, silver was removed from American coinage, and the transition from honest money was complete.
Ellen Brown speaks of:
Click on the link below and see the real time U.S debt clock:
https://usdebtclock.org/
It stands at around $36.83 trillion.
So Ellen, it appears that you’re about 6 months (and more than half a trillion), behind the times.
Not that Americans should be totally focused on this figure alone.
For example, U.S taxpayers are on the hook for student debt (which stands at almost $1.8 trillion).
But that figure is NOT INCLUDED in the $36.83 trillion National Debt.
And that’s because the Student Debt is classified as an ‘Off Budget’ item – as are trillions of dollars of other Federal obligations on which interest is still payable.
I noticed also on the Debt Clock that the debt per U.S citizen is about $107K.
But the debt per taxpayer is MORE THAN TRIPLE at $323K.
That tells me straight away that MORE THAN TWO-THIRDS OF AMERICANS PAY NO TAX*.
(*And there’s no way that over two-thirds of Americans are school age children, retirees and those with disabilities etc).
Clearly there are scores of millions of able bodied Americans who are parasites that are living off the largesse of the taxpayers.
Interesting also, and something I’ve not seen appear before in the Debt Clock figures, is the DOGE Clock. And it appears to be going up – suggesting to the gullible that DOGE is constantly finding more fraud, waste and abuse to cut.
But most of the purported DOGE cuts will not take place. And to the extent that some token cuts are indeed made, they will be offset one hundred times over by SPENDING INCREASES in other sectors (not least of which is the MISSS – Military Industrial Security Surveillance State).
Only fools believe that DOGE was anything other than a publicity stunt.
Donald Chump has been a big spending profligate Democrat his entire life.
The only reason he ran on the GOP ticket was because the ZOG elders instructed him to do so.
That’s what the ZOG dictated script said – and the Orang-U-tan always follows the script.
So you want to do away with the Rothschild Bank, euphemistically called the Federal Reserve to deprive the City of London based families (a dozen or so) their livelihood by empowering the US Treasury to do what the privately owned Central Bank is doing–how long before the nuclear missiles start flying across the world? There must be a better way to put the genie back into the bottle…
It was. All our countries were built with no income taxes.
Funny how this article pretends to be serious, yet ignores half our expenditures, the Military.
Cut the military budget by 500 billion, how? Shut down all the bases in West Asia and China sea.
Another, way to help the American working class is to convert their home equity, real dormant wealth, into US Treasury Bonds. The home owner promises to keep their home for the Treasury bond’s term to maturity in exchange for a coupon payment every month. This should help increase income and reduce SS payments by means testing. When the Bond matures the homeowners can do as they please. This also helps the America’s financial statements.
As a people we need to realize, the rot from relentless vandalism by European Bankers is multifaceted and one silver bullet can’t be the solution. What is required for a multifaceted problem, is a multifaceted solution.
PS. There is a financial war between the US and Europe represented by the European Financialist and Speculators on Wallstreet and the Capital Allocators or US Bankers.
Partly true. The trouble is, tax obligations are what gives fiat money value.
Even if you yourself are not obliged to pay, you want the rich man that sells you things to need your dollars to pay his tax. This need is why he accepts your otherwise worthless dollars from you in payment.
I believe that you and I have been through this before: the links you provide say little that is sensible. Most persons are not interested to learn how the Federal Reserve works, but you plainly are, so may I suggest that reading up on it might be a good use of your time?
Chapters 1, 2 and 3, up through page 48 of the PDF, should suffice.
this really is the answer and it’s obvious but we have been so brainwashed into believing we need to pay compound interest, when we borrow money from ourselves (?), that it’s hard to grasp this obvious solution. gee, i wonder who gave us this idea in the first place?
the only drawback to this, is our government war machine but this is what has brought us to the brink of bankruptcy and ww3, in the first place. this is what really needs to be addressed and by nationalizing both the fed and the military industrial complex, you deal with the parasitism of the cabal of banksters, that is behind all of this.
the only way this could be accomplished is by arresting and rounding them all up, going through their books with a fine tooth comb (emphasis on fine) and creating show trials, as their crimes are exposed. show me the bankster and i’ll show you the crime. the worst of the lot should be publicly executed, as china has shown us.
this would leave us with a system much like the russian federation and china, who we are told are authoritarian police states. in fact it is we who are living currently, in an orwellian police state from hell but have been convinced by our abusers, through stockholm syndrome, that we live in the bestestist, freeestist workers paradise, though constant media brainwashing. the fourth estate is actually the fourth tentacle of the quadropus, whose razor sharp beak is devouring us from birth to grave.
the only people that will complain about about an end to compound interest, are the useless eaters, that don’t want to have to earn their money in an honest fashion and if elected president, i promise they will all be dead or in jail, vote me, in 2028.
Taxes aren’t revenue!! They print the fucking money! Federal spending isn’t your checkbook!
shiny rocks have no intrinsic value
Before the 1954 tax act taxes funded America.
The Elephant in the Room is exemption from taxation of anything and failure of congress to use the tax rates in effect in 1949. failure to tax the off shore money and savings in tax free heavens and failure to apply the 1949 tax rates to gifts, estates, and trusts.
its the exemptions of income from taxation, the tax rate applied that determines how much the treasury can raise. It is easy to tax the rich, just remove the exemptions from taxation, and keep the floors at zero (amounts below which the tax rates do not apply). The tax laws says income from sources where ever derived is taxable (domestic and foreign). .. Just reinstate the tax laws in force before the 1954 tax act.. America financed both itself and allied Europe through two world wars from the tax laws in effect before the 1954 tax act.
Reinstate those pre 1954 tax laws, no need to write new ones. PRESTO.. as Trump said, he can stop the war in Ukraine in one day, and what he did not say is he can raise the revenue the USA needs to MAGA by using the 1949 tax laws, that takes one signature.
here is something to look at.. I got it from ai..
1949: Estate and Gift Tax Rates 1949 Corporate Income Tax Rates
1% on the first $50,000 __________________15% on the first $25,000 of taxable income
2% on the next $50,000 $100K____________22% on taxable income over $25,000 up to $50,000
3% on the next $50,000 $150K____________30% on taxable income over $50,000 up to $75,000
4% on the next $50,000 $200K____________40% on taxable income over $75,000 up to $10 million
5% on the next $50,000 $250K____________45% on taxable income over $10 million
6% on the next $50,000 $300K____________ show me a single corporation that has paid 45%
7% on the next $50,000 $350K____________ of all of its earnings over $10 million in taxes this year?
8% on the next $50,000 $400k
9% on the next $50,000 $450K
10% on the next $50,000 $500k
11% on the next $50,000 $550k
12% on the next $50,000 $600k
13% on the next $50,000 $650K
14% on the next $50,000 $700K
15% on the next $50,000 $750K
16% on the next $50,000 $800K
17% on the next $50,000 $850K
18% on the next $50,000 $900K
19% on the next $50,000 $950K
20% on the next $50,000 $1,000K
21% on the next $50,000 $1,050K
22% on the next $50,000 $1,100K
23% on the next $50,000 $1,150K
24% on the next $50,000 $1,200K
25% on the next $50,000 $1,250K
26% on the next $50,000 $1,300K
27% on the next $50,000 $1,350K
28% on the next $50,000 $1,400K
29% on the next $50,000 $1,450K
30% on the next $50,000 $1,500K
31% on the next $50,000 $1,550K
32% on the next $50,000 $1,600K
33% on the and so on all the way to 77%..
I compute every estate or gift made that is greater than 3,800,000 million would be taxed at 77%
just call it $4,000,000. assuming no exemptions, no exceptions. just this tax alone would come close to paying the national debt?
Individual Income Tax Rates in effect 1949:
20% on income up to $2,000 (single) / $4,000 (married filing jointly)
22% on income from $2,001 to $3,000 (single) / $4,001 to $5,000 (married filing jointly)
26% on income from $3,001 to $4,000 (single) / $5,001 to $6,000 (married filing jointly)
30% on income from $4,001 to $5,000 (single) / $6,001 to $7,000 (married filing jointly)
34% on income from $5,001 to $6,000 (single) / $7,001 to $8,000 (married filing jointly)
38% on income from $6,001 to $7,000 (single) / $8,001 to $9,000 (married filing jointly)
42% on income from $7,001 to $8,000 (single) / $9,001 to $10,000 (married filing jointly)
46% on income from $8,001 to $9,000 (single) / $10,001 to $11,000 (married filing jointly)
50% on income from $9,001 to $10,000 (single) / $11,001 to $12,000 (married filing jointly)
52% on income from $10,001 to $11,000 (single) / $12,001 to $13,000 (married filing jointly)
56% on income from $11,001 to $12,000 (single) / $13,001 to $14,000 (married filing jointly)
60% on income from $12,001 to $14,000 (single) / $14,001 to $16,000 (married filing jointly)
65% on income from $14,001 to $16,000 (single) / $16,001 to $18,000 (married filing jointly)
70% on income from $16,001 to $18,000 (single) / $18,001 to $20,000 (married filing jointly)
75% on income from $18,001 to $20,000 (single) / $20,001 to $22,000 (married filing jointly)
77% on income over $20,000 (single) / $22,000 (married filing jointly)
Maybe, just maybe, and I’ve heard about this in some republican circles, the idea is to cut taxes to nothing, and starve the beast until it’s forced to stop spending. It’s very late in the game, Reagan was the one who was supposed to do this (Goldwater would’ve gotten us on track in 64). But if Trump can hold his coalition together long enough, and can force in the cuts that everyone above a G-7 is working to stop, we can extend the life of America. Trump isn’t the ideal man to get the job done, but he’s the horse we have, everyone else in government just wants to keep taxing and spending until the end of time.
Does the discussion presume elimination of capital gains tax as well as income tax?
I think the elimination of income tax is a good idea so long as it excuses only Jews.
High speed rail?? Take a look at California and see how “high-speed rail” is built in this country.
This cow is out of her fucking mind. The solution is to radically cut government spending and stop policing the world for Jews.
“Peace, commerce, and honest friendship with all nations, entangling alliances with none.” — Jefferson
It would be paid back with the printed money and no new debt would be created.
Your remarks are all factual as far as I know, but until FDR abolished the Gold Certificate, Americans had to endure depressions every 25 years or so. Central bankers eventually came to understand that, when the value of money rises (as it sometimes does in a hard-money system), which is to say when prices fall, employers starved of cash cannot cut existing employees’ wages without wrecking the employees’ attitudes, which suppresses productivity, which in turn forces the employer to cut wages further to remain profitable. They came to understand that employers preferred to lay employees off, to idle the plants in which the employees worked, and to hoard whatever cash the employer had left—whose value, after all, was rising. The trouble was that laid-off workers could no longer pay for needed goods and services, leading producers of those goods and services to lay off their employees, and so on in a vicious cycle.
This is why generally falling prices are so pernicious. If hard-money country is lucky, a gold mine will be discovered in time, from which money can be injected to stabilize prices, reviving the economy. If the hard-money country is unlucky, though, it can take years for markets to clear.
We have forgotten how terrible those old-style depressions were, idling 25 percent or more of the country’s output capacity—perfectly usable output capacity that nevertheless remained unused for perverse, systemic monetary reasons.
The abolition of the Gold Certificate was the answer.
It can be, but the corrupt D.C. corporate sock puppets will never go there.
Dec 19, 2016 Would a Flat Tax Be More Fair?
What would happen if there was just one tax rate for most Americans? Would that be fair? Could it even work? Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, explains.
Video Link
Seriously, you think there was no “knavery” involved prior to 1913?!
Dear V. K. Ovelund
I am not allowed to reply as my minimum replies have not reached the total required to allow posting.
Strangely, common sense articles as this one are interspersed between rants and ravings to deter posting say once a week. At any rate, I agree.
Your bloviating sometimes hits on the truth, even though people continuously knock you over the head with the truth.. Don’t you think that Ellen knows this basic fact, that money supply has to match production and growth? Midwits think that everybody is dumber than they are.
Bull shit. A sufficient level of law, education, and infrastructure must be in place first. Markets are also legal creations of man. If government has gone rogue, and is being manipulated by a finance plutocracy, that is a separate issue. Is China sovereign, or do they have a rogue finance capital class string pulling from behind the scenes?
Prior to 1861, the total stock of U.S. currency in circulation was a small $200 million. This did not allow potential commerce. In 1861, U.S. Representative Elbridge Gerry Spaulding, a Lincoln Republican from Buffalo, New York, a commercial banker, a Hamiltonian, and Chairman of the House Ways and Means Committee, drafted the Legal Tender law. This law created created the Greenback currency.
Greenbacks were the first currency in American history that was issued directly by the U.S. Treasury—not a bank—and was not redeemable in gold.
There wasn’t enough gold to do commerce. Gold is deflationary, and worse, the holders of it will demand usury, so they can live high on the hog. So much for libertarian ideas of rational fair play.
Spaulding’s Legal Tender Act passed the Congress on February 25, 1862, with the Treasury issuing currency in the amount of $150 million. Additional acts increased currency to a total of $450 million in Greenbacks (so called because the color of the bill was green).
Eventually the greenback treasury money would reach 40% of the money supply. This was both guns and butter, where the north was able to prosecute the war, and standards of living went up. This means that there was plenty of potential in the north in terms of labor and manufacturing capability, without incurring inflation.
Starting with the $200 million in banknotes, the U.S. currency in circulation tripled to $650 million within 13 months! No longer was the currency base restricted. This was a tonic: it allowed munitions to be purchased, soldiers to be paid (with currency they could spend), and manufacturing and agriculture to grow freely. And the specter of inflation was no threat, since the Greenbacks were directed to physical economic improvement, which would increase the quantity and quality of economic output.
Freedom is actually delivered by a non-corrupt government, not the private sector. That means you have to carefully select who is to become your government, and they cannot be midwits or sociopaths.
China is basically using the American System of Economy, which is state banks and sovereign money. China is not libertarian/free market finance capitalist or any other Jewish type ideology. The founders of the U.S. were in direct opposition to the debt slavery system that had overtaken England, especially by 1694, with advent of the BOE.
OH wait! It was the goldmen from Amsterdam, who used their piles o gold, to buy the stock of BOE, to then become hidden creditors.
A debt slavery system requires debt money. Banks of issue, create bank credit at debt; thus it is a permanent debt slavery system. Gold and silver are also debt slave systems, as the Jew collected thousands of tons of gold at usury on the trade routes. He was known as the aiparu/haibaru in the bronze age, and these piles were what then created their new finance capital system around 1650.
Taxes are to land on cancer, not sinews and bone. Money is to be full of oxygen, and hence first seigniorage is to channel toward industry, productivity, health, and the commons (commonwealth clause). Money is to be issued by law, and in proportion to the needs of commerce and the people (commonwealth). Debts that are sordid gain taking are to be erased, and the creditor punished. Generational debts are sins.
Your libertarian bull shit is a blinding ideology, designed to lead people astray.
Confirmed! The Magic Trick – (How and why DaFed was created – to fool us, DaIdiots! – CL) – https://crushlimbraw.blogspot.com/2025/05/the-magic-trick-how-and-why-dafed-was.html?m=0
Most regressive tax imaginable. Great, if you want more income inequality. And of course eventually 25% wouldn’t be enough, so…….
There has to be some revenue source to pay for what government spends. I think the biggest problem for America is not what kind of taxes or the source of revenue. The real problem is the expense side and turning what was supposed to be a free country into a massive welfare state, which is now what we are. Once you have trillion dollar deficits and a debt of nearly 40 trillion dollars with a population of less than 350 million, the real problem is clearly defined.
Tariffs are a tax.
You have to tax away rentier profits. You have to regulate rentier sectors.
The above is all basic knowledge, but unknown to modern western normies, who have been brainwashed since birth. Parasitism requires the issuance of narratives at odds with the logos (natural order), but instead what is good for their in-group. This in-group whether it is a class, or a people (Jews being prime examples), extract life energy from the host and then suck it up toward them. The host is dissipated, and the parasite grows. If it is a super parasite, it can kill the host.
Fiscal policy – how to tax, is a very big part of classical economics doctrine. Tariffs are like a scalpel, if used right they are beneficial, if used wrong, they are damaging.
And yes, Trump’s economic advisors do not know what they are doing. There are pre-conditions that have to be done first.
https://www.unz.com/mwhitney/waiting-on-xi/#comment-7103939
If you said $25k earned income instead of $150k you’d be closer to the truth. For 2024, single people without dependents (approx. 30% of all filers) who don’t itemize get a standard deduction of $14,600. Above that level they have to file and may owe federal tax. If they have earned income with no dependents, and are between 25-64, their eligibility for the EITC cuts off at $18,591 gross income but is worth very little the closer you get to that amount.
This is the first thing I thought about when I read it.
Eliminate a ((central bank)) and get nuked immediately.
What Hitler did went further than this and the plan as outlined in the article would give the idiots in power a huge boost in control of our lives.
I don’t want a central government printing anything, I don’t want a cental bank neither.
What do?
The idiots in power will never reduce the spending until this country is broke and people are dying from starvation, not even then methinks.
I frankly don’t see a peaceful solution to this quagmire at all.
I do see a Western spending instead and I hope for a good result for the White race.
The idiots want a WW3 to wipe out decades of their economic idiotlcy they will get revolutionary movements and guerilla wars instead.
Terrible idea, as are punitive tariffs. A federal sales tax on everything is a HUGE regressive tax on the working class as well as those on pensions/social security – iow, those who can least afford it. Tariffs are also a regressive tax as they are ultimately paid by consumers in the form of higher prices passed on by foreign suppliers. NO change in the tax code is going to eliminate the need for government enforcement, whether you call it the IRS or something else.
Only a fool would say such a thing.
You obviously don’t know what the word ‘intrinsic’ means.
There are lots of not-so-shiny rocks that have intrinsic value. (Like bauxite, coal, uranium ore).
They have intrinsic value because they are USEFUL to consumers.
The bottom line is that gold is a metal on the periodic table.
And like most metals it is used in industry. The only reason it is not used more often in industry (it does everything copper does as a conductor – only better), is because it is too expensive.
That’s because it has been bid up as a monetary metal.
But, as expensive as it is, it is STILL used in aerospace and certain electronic applications – because NOTHING does the job better.
Even if gold was not valued as a monetary metal, it would still be one of the most expensive of the metals on the periodic table (perhaps on par with platinum), and thus has intrinsic value.
In any case, the role of gold in a future monetary reset, as fiat currencies erode in value to nothingness and a Gold Standard returns once more (as it existed for over 5000 years of the world’s history), is that a Gold standard entails that there is MUCH LESS fiscal and monetary profligacy.
Under that system nations have to live within their means and inflationary episodes are mild and short lived.
Contrast that to the Fiat Monetary system which ALWAYS (there are no exceptions) ends in chronic inflation and impoverishment of the masses.
But you Half Of A Norwegian, are too stupid to understand gold’s role in ensuring monetary and societal stability.
(I have noted more than a few uninformed comments from you in the past).
I know many families who earn less than about that amount, including my best friend whose salary I know exactly, and they definitely pay federal and state income taxes — a lot of income tax in his State even at that income level —as well as FICA 6.2% and Medicare 1.45%. Let’s not exaggerate.
Great point, with several quibbles:
The great majority of Americans do NOT pay the very high excise taxes on tobacco and marijuana because they never consume those things.
The great majority of Americans do NOT pay gift or estate tax either. The lifetime unified gift and estate tax exemption more than covers most of us.
As for excise taxes on gasoline, how do you propose to pay for highways/roads that are not tolled? Should we have tolls on every road and render them unaffordable for many lower-income and hard for some middle-class people?
As for social security tax, it might be alright if it went into an account legally belonging to the taxpayer and not to be stolen for another purpose.
As for a tax to maintain the fund for unemployment insurance, disability, and in some States thankfully paid parental or caregiver leave, how is that unfair or unwise? We should have such insurances, and the tax to fund them is primarily just a premium for your own coverage.
Still, despite the exaggeration, there are too many taxes and too high an overall burden for many of us in the 40th through about 95th percentile of household income.
And a big chunk of those taxes go to pay for constant US wars, invasions, and occupations, and not one major war in our lifetimes has been legitimately defensive, retaliatory, or preemptively necessary. And to pay for the fourth of the federal government debt that is attributable to borrowing to bloat the war machine to absurd levels.
I assume that you actively oppose all the empire’s wars, demand the closure of 700 of their military bases thousands of miles from our borders, and advocate for a 50-60% or greater reduction in military spending (saving $500 to $600 billion per year, reckoning from Fiscal Year 2026-27).
Otherwise don’t complain about high taxes and high federal debt.
This comment from Mr Overland takes the prize of ‘Idiotic Comment of the Day’.
It’s the sort of comment I’d expect from ZOG affiliated sources – who constantly smear the Gold Standard and take every opportunity to talk up the Fiat Monetary experiment.
You see, under the latter system, ZOG can conjure scores of trillions with a key stroke on their central bank computers, which they dole out to themselves and their Talmudic cronies.
But ZOG cannot conjure Gold from thin air – that’s why the small hats despise a Gold Standard with every fibre of their hideous bodies.
There is no system that will guarantee that recessions will disappear forever, seeing as from time to time business and consumers will get complacent.
The former will over invest in plant and machinery in anticipation of demand that never eventuates. The latter will become over indebted and not put some money away for a rainy day.
They will not have a sufficient buffer of safety factored in when downturns occur as they do in the business cycle from time to time.
But under the Classical Gold Standard (as existed in the 130 or so years from the beginning of the republic until the creation of the ZOG owned Federal reserve), THERE WERE NO DEPRESSIONS – just the occasional short recession, from which the economy soon recovered and was soon chugging along recording stellar growth.
Between the wars and post Bretton Woods (1944-1971) the world was on a bastardised Gold Standard. Hardly ideal but it still worked much better than what we have today.
What occurred in the 1930’s HAS NOTHING TO DO WITH THE GOLD STANDARD.
It was the fault of Big Spending Big Gubmint nitwits Herbert Hoover*, followed by FDR.
The latter did exactly what Hoover did (only on steroids – with his disastrous New Deal).
(*Hoover was a RINO – a Republican In Name Only. He was a Keynesian before the word had even been invented).
Watch the following 6 min video as it explains precisely why FDR inherited what would’ve been a short/sharp recession if Gubmint had stayed out of the way and not gone on a profligate spending binge, as FDR turned it into the prolonged Great Depression:
Video Link
Mr Overland, you’ve demonstrated time and again that you are an economic ignoramus.
It’s best you keep a low profile until you’ve done the necessary study that gets you up to speed on the subject matter of economics.
(Hint: Avoid the ZOG funded economics textbooks that preach the failed doctrine of Keynesianism and Big Gubmint deficit spending – because, after providing a short lived sugar high, that always ends in tears, as FDR found out the hard way).
> The English historian John Reeves noted that when the Rothschild family met in London in 1857
Which John Reeves was this? I know there was a British judge who lived 1752-1829 and an English naturalist who lived 1774-1856. Who was this English historian that was alive in 1857?
A flat federal income tax at a high rate for the top 1% of households, but no federal income tax for everyone else, would be fine. But is that what shifty greedy assholes like Forbes are advocating?
I tell ya, the flat mountains are the kind I like to climb. Pretty easy, but hard to find. You can’t, sanely, call anything that is graduated also flat. But in a world where people talk about the history of tomorrow, what should I expect?
The knavery happened from the very beginning. Jefferson wanted one do-over at end of life. George Washington quit after 8 years in disgust, as he was being savaged in the press. Alexander Hamilton was disgusted after the first bank was sold to the Baring Brothers of London.
For government, you have to filter your population, and then select, and then elect. The enlightenment bullshit ideology blinded them, thinking men have reason. If you are a child of the lie, then bad things happen. Franklin’s “Silence Do-Good” penname was an attempt at teaching average normies reason and rationality, which they don’t have – so Franklin wasted his time.
Henry Adams, great grandson of John Adams and grandson of John Q Adams, wrote a seminal series on the founding of the U.S., which was considered a great work of the 19’th century. In it, he called Americans as “Deep Sea Creatures,” unable to fathom what goes on above them. The deep sea creatures are in the dark.
Henry, like all moral intelligent people, who are not deep sea creatures, became an anti-Semite, wanting all finance Jews in London and Wall Street to be killed. Why? Because this finance capital class was working diligently to undermine his families work and their constitution. Finance Capitalism and the Constitution are antithetical to each other. Henry was in London during the civil war, along with his father Charles, who was U.S. Ambassador.
By the time of Henry, it was already known that the U.S. had failed. This was before the parasite took full control in 1912.
By the time Senator Pettigrew wrote advance plutocracy in 1920, it was known.
Below is Hobson describing how the finance class rules in 1902:
https://oll.libertyfund.org/titles/hobson-imperialism-a-study
“By far the most important economic factor in Imperialism is the influence relating to investments.”
….
“If, contemplating the enormous expenditure on armaments, the ruinous wars, the diplomatic audacity of knavery by which modern Governments seek to extend their territorial power, we put the plain, practical question, Cui bono? the first and most obvious answer is, The investor.”
….
“Investors who have put their money in foreign lands, upon terms which take full account of risks connected with the political conditions of the country, desire to use the resources of their Government to minimize these risks, and so to enhance the capital value and the interest of their private investments.”
….
“If the special interest of the investor is liable to clash with the public interest and to induce a wrecking policy, still more dangerous is the special interest of the financier, the general dealer in investments. In large measure the rank and file of the investors are, both for business and for politics, the cat’s-paws of the great financial houses, who use stocks and shares not so much as investments to yield them interest, but as material for speculation in the money market. In handling large masses of stocks and shares, in floating companies, in manipulating fluctuations of values, the magnates of the Bourse find their gain. These great businesses—banking, broking, bill discounting, loan floating, company promoting—form the central ganglion of international capitalism.
_______________
A freedumb system is not for freeing deep sea creatures to create wealth, it is for freeing rentiers to take rents.
The founders meant well, and they were in opposition to the Jewish finance capital debt slavery system.
Of course. Hang the parasites, the regimes, the secret police, the police, the buerucracy. Stop pretend that the zero have value, and that mass murderer like Bill Gates must be allowed to mass murder in the hospitals, because he is a big zero. And blow up the Atlantic Cables. So much for 23 years interest in computer and Internet. What shit it have become. Censor and web traffic whores.
No one should pay income taxes and you never want to have a progressive income tax where a large segment pay zero income taxes because that “lower class” will always support or be indifferent to any future income tax hikes as long as it doesn’t affect them. They have no skin in the game. The upper income people are the most productive in society. Taking money out of their pockets and transferring it to the government and to lower income people makes society that much poorer.
Also, dirty illegals and legitimate foreign tourists would pay pay pay. But since the IRS is just another enforcement arm of the demonic coercive state it will never, ever, happen
The United States can be adequately defended on a budget of 100 billion per year but since it’s a tool of Israel and used to enforce $$ hegemony it endures. The solution is to be honest and pass a constitutional amendment whereas the Air Force is required to launch ballistic nuclear weapons at any country that refuses to use the $$ (excluding China, Russia, the Norks of course) and then cut 900 billion from the military and close all overseas bases
The muh Israel crowd can have their churches and social media doxxed and once vetted as ZioCons, Evangelicals, etc can be drafted into an American-Israeli Judeo-Christian division and be stationed in Israel. This includes all Congressmen as well.
All that refuse or that are unable to march 500 yards with a 50lb rucksack are to be summarily executed and the Israelis allowed to harvest their organs for resale
This amendment would easily pass imo.
Exactly why unz.com featured writer E. Michael Jones postulates in his landmark book
https://www.fidelitypress.org/book-products/the-jewish-revolutionary-spirit
that the opening of the Gospel of John can only be properly understood when containing its original Greek word logos as opposed to the meaningless English substitute “word”:
Thus it becomes patent that Jew rejection and murder of Divine Logos Jesus leaves Jews permanently rebelling against the natural order of Creation.
I don’t know. If you mean, taking money out of, say, your local plumbing contractor’s pocket, then I am inclined to agree; but how much poorer does it make society when one takes money out of, for instance, Paul Singer’s pocket? Or Harvey Weinstein’s? Or Bill Ackman’s? (I would be glad to add gentiles to the list, for this comment was not particularly meant to be about Jews. However, at the moment, no gentiles come to mind.)
I cannot prove it but tend to agree with Ron Unz: the top tiers of the American wealth pyramid seem to include many manipulative extractors that we’d all be better off without.
Then its time to assassinate these vile kike rothschild scumbags and wipe that ghoulish family out and their jew acolytes out. Then after that destroy that bullshit criminal entity the federal reserve bank. They kill one of ours we kill 50 of theirs. The only thing these scumbags understand is force.
There would be no republic under a “classical gold standard.”
The backdrop was often called a Venetian conspiracy, which is a yet another historical fallacy. It was the sons of the Aiparu, who with their “tons” of gold won at usury, who were the prime usurers of the day.
Both the British and Dutch India companies were trying to get back to India to get the gold. This would be a “sea route” to then operate the usury exchange rate mechanism of 3X. Silver would fetch 3X the gold in India than in the West. All you had to do is charter a joint stock company, and then use your gold to build the ships… and then dupe whitey and appeal to his greed.
The East India Company was a Royal-chartered private joint-stock company of rentier-financier oligarchs. The KING could not go into the City of London without permission. The Jewish corporatocracy system invented in Amsterdam, had already been planted in London. This is rule from behind the scenes, string pulling and using gold. Gold was the entire hidden reason for charting the companies. In the previous thousands of years, the Aiparu/Haibaru/Jew merchant class arbitraged the metals overland, using the donkey caravans.
Using ships became necessary after Vasco De Gama discovered the southern route. The Jew had to attach themselves to shipping powers. Even before De Gama, they had attached themselves to Greece, then Spain, then Holland, then finally the prize —- England.
Jewish and international financial global power derived from near monopoly control over key raw materials and commodities, insurance, banking, and shipping routes. Even today, Atlantacist doctrine is a function of interdicting shipping and controlling sea rims.
Franklin as an agent for the colonials, while living in England would visit the Earl of Shelburne, at his Bowood estate. Shelburne is a hidden man of history. Shelburne chaired the all-powerful three-man “Secret Committee” of the East India Company, which also included Francis Baring of the banking house that bore his name. (Remember, the first bank was sold to Baring Brothers- a tragedy.) Shelburne was the most sophisticated representative of the capital class financier powers manipulating the British throne. The throne was no longer in control, England was no longer sovereign, and the murder of England was done with INTERNATIONAL MONEY….. gold.
East India Company of Shelburne’s “Secret Committee” deployed a more modern and large-scale military force than did the British Crown, maintaining control over their private fiefdoms in India and other parts of the world. Getting back to India was absolutely critical, as the Aiparu/Haibaru had lost control over the east west routes, which in previous centuries were the source of his power and wealth. Gotta get that gold! Without the gold, then there can be no gold debts, and the harvesting of other people’s life energy.
The Company represented the gradual merger of British and Dutch financier factions, and, thus, operated above any notion of individual national loyalties. The “international” who Hitler fought against was a long time in gestation, but behind it all are men of low morals who usurp government for their ends.
In effect, Shelburne was the “doge” of the combined British and continental European financier oligarchy. Doge being a term the Venician conspiracy nutters use. It wasn’t the Venicians, it was always the Jew, especially as the Jew had become superpowered with their thousands of tons of gold won at usury. The Venetians were mere pikers, who tried to get in on the action in the fourth crusades. All civilizations create these “international” losers who think they are god, and want the shiny metal. They attach god-like powers to metal, when in reality all money in the realm is a function of the law. The Jews of course, represent the worst of the losers, and the biggest threat, because they have built an entire religion around the taking of other’s life energy.
The Freedumb ideology espoused by this rentier oligarchy class (see I can speak in terms of class rather than Jew!) was personified by Bernard Mandeville ( 1670-1733).
Mandeville demanded absolute “free market” lawlessness to satisfy man’s alleged inherent evil, all his criminal appetites. He said the safety of the powerful depends on the maximum cheapness and brutalization of their subjects. “The surest wealth consists in a multitude of Laborious Poor…. To make the Society Happy … it is requisite that great numbers … should be Ignorant as well as Poor…. Going to School in comparison to Working is Idleness…. Men who are to remain and end their Days in a Laborious, tiresome and Painful Station of Life, the sooner they are put upon it at first, the more patiently they’ll submit to it for ever after.”
Mandeville argued that “the best policy is to preserve men in their native simplicity, strive not to increase their numbers; let them never be acquainted with strangers or superfluities, but remove and keep from them everything that might raise their desires or improve their understanding.
Bernard Mandeville, essay added into the 1723 re-issue of his Fable of the Bee
Prime Minister Shelburne made his own public demand for unbridled free trade and usury on Jan. 27, 1783, while arguing in the House of Lords for ratification of the Treaty of Paris formally ending the American Revolution. Shelburne warned, “Situated as we are between the old world and the new, and between southern and northern Europe, all we ought to covet on earth is free trade…. With more industry, with more capital, with more enterprise than any trading nation on earth, it ought to be our constant cry: Let every market be open.”
What the usurers wanted was to get the gold, and to spread debts. The capital they are talking about is their finance capital, conjured in their new banks of issue. The conceit was that you could always get some gold in exchange for your bank credit.
The usurers in their private markets of London and Amsterdam absolutely did not want sovereign credit issued by the king, the money power was to belong to privateers and free markets. The debt instruments derived in their new banks of issue, were to fall into the hands of the international merchant. This bank of issue, corporatocracy system, also called Synarchy, became a fixture by 1650, around the time Manessah Ben Israel died.
There would have been no republic had the “India Company” free market privateers gotten their way. Graham Lowry tells the story of how the nation was won, and it was done with sovereign paper money, not gold.
Ironically, when Amsterdam’s Jews were instigating the glorious revolution, to then insert the corporatocracy system and make themselves rulers, in the Colonies a counter-revolution had begun.
They issued paper sovereign money under law, with no gold backing. The Colonies charters were switched to become a state constitution. This condition ultimately led to the revolutionary war.
Over 40% of all American households paid no income tax. The welfare state is way out of control.
The logos wants us asking: Who, What, Where, When, Why and How
Logos is not system of subservience to Talmud thumping Jews, who look backward to the utterances of their false prophets.
You are correct about my opposition to the Military Industrial Complex’s Empire.
Nov 13 2022 New Interactive Tool Gives Global and Close Up Views of 867 U.S. Military Bases Outside the U.S.
World BEYOND War has launched a new online tool that allows the user to view a globe pock-marked with 867 U.S. military bases in countries other than the United States, and to zoom in for a satellite view of and detailed information on each base.
Video Link
Same rate for all consumption alike no credits or carve outs period!
Since you introduce the case based on some manner of international case
Now we can pretend that some manner of taxes were n ot actually income tax, but that is rebutted in the reference below.
https://www.bing.com/videos/riverview/relatedvideo?q=History%20of%20taxes&mmscn=stvo&mid=6A593EBA77ABDB304B106A593EBA77ABDB304B10&ajaxhist=0
https://taxfoundation.org/taxedu/videos/history-of-taxes-introduction/
and as old as taxes — there is tax evasion:
https://www.bing.com/videos/riverview/relatedvideo?q=History%20of%20taxes&mmscn=stvo&mid=56C9E1791CE9557BEED356C9E1791CE9557BEED3&ajaxhist=0
I am not against no taxes. But I have never read a single proposal that would account for the nation’s budget. Which is projected to be 7 trillion that’s 7,000,000,000. If yoiu have a way to pay for that without taxes — or without an income tax.
You need a front seat in congress and the country’s rostrum. I am all ears.
I have to beg uncertainty regarding the tarrif policy. I don’t have an answer why tarriffs are required to rebuild a US ecenomy that includes producing our own essentials. We are the least employment protective country among western powers.
We shipped billions of dollars into Mexico to improve their economy and reduce the flow of illegal immigration. In less than ten years , it may be five years. Mexico’s economy ranked them 11th in the world. And yet, they have not controlled their drug markets nor curbed illegal immigration- thiks is a huge huge signal to me.
I am uncleaar how tarrif’s will resolve that issue. But as I think, and I have not looked atb the numbers, I think our entire eclonomy is predicated on nonexistent monies — a huge bubble — held in place by manipulating systems — “quantative easing” for one I am not sure we know what the economy actually is in tangible assessts or dollars.
I don’t think we need to go about careless crashing the system. But we may be seeing what the real system is. One of the best aspects about a Pres. Trump is that eventually, one gets a cleaner view of what’s what.
————————-
I believe we need allies. But I also believe we need a cleaning to find out reality. Even governmment spending should not have propped up the stlock markets during the pandemic and yet that is exactly what happened.
Apppreciated your comments. I am all for no taxes.
In my dreams I just think how much would every citizen have to pay to cover 7 trillion
It’s roughly 22,000 per annum.
Laugh.
The President must balance the budget and start paying off the debt or face hyperinflation.
The ‘Flat Step Two Step’ tax system. LOL 😆
Basically a simpler version of today’s fukked up, loophole heavy, favoring the rich, income tax.
Quote:
“As for excise taxes on gasoline, how do you propose to pay for highways/roads that are not tolled? Should we have tolls on every road and render them unaffordable for many lower-income and hard for some middle-class people?”
As a person who lived in northern Illinois (Rockford area) my entire working life, I can assure you that the state of Illinois DOES NOT use the taxes collected on gasoline for maintenance purposes on their roads. All one has to do is to travel to Wisconsin and the roads miraculously improve. Illinois DOES HAVE toll roads and throughout the life of these toll roads, many lawyers have been disbarred, judges have been removed from the bench and individuals have been convicted and jailed for fraudulent business practices in conjunction with Illinois’ toll road system.
I am now a resident of northeast Tennessee and no longer have to deal with the endemic corruption that continues to take place in Illinois.
Thank you.
Completely a-historical BS, promulgated by a libertarian nutter. Notice how it takes a cute girl showing cleavage, to get mid-wits to pay attention. This is classical neuro-linguistic programming, only using eyeballs as well as words. Her tits lower your defenses, so you can then receive your NPC programming. It is why the parasitic rentier oligarchy are against memes, as meme bypass their programming intended for normies.
The great depression was due to PRIVATE DEBTS. There was a secret deal made to return gold captured by America after WW1. The deal was a conspiracy, between France, England, Germany and the U.S. privateers -especially privateers in the FED. The idea was to keep interest rates low in the U.S., so that private debts would accrue. This then created a flash and bubble in the stock market, as people borrowed credit from private banks of issue to then gamble in the stock market. The 20’s bubble was a conspiracy, to lower the price of gold, so it could transfer back to France and England (and Germany). Hjalmar Schacht was in on the conspiracy, operating as he did for the benefit of Germany – who had been defeated.
WW1 was the treasury using the dough boys as mercenaries. France and England had to pay for the dough boys, and this payment was in gold. This is how gold drained away to the U.S., and came to be held by Treasury.
Hitler, peace be upon his name, sent cute women home, to make babies. Germany used sovereign money, Oeffabills and Mefobills in exactly the same way as intended by the Colonials. German bill system was not gold as money, it was simply the ability of German people to labor and create wealth. It was exactly the same for Puritans, as they were also good labor.
Goebbels sent women home, and their labor value was to use their breasts to make milk for babies. Germany was the only western country in history to turn a debt driven depression around, and then overcome their baby bust. They did this with non-debt derived sovereign money.
But, what is rich?
Lots of people sporting hundreds of billions, and then we have the shadow secretive in the trillions… people who understand math even minimally (the very few), know that having a million bucks is really poor. Those other folk mentioned are insulated from any change.
The real rich are not in any way affected by any tax or tax system. The tax system to them is a means, of many, to control the thinking of the herd.
Below is Richard Koo explaining a balance sheet recession.
Libertarian nutters, and ne0-liberal economists (both Jewish ideologies) do not include the balance sheet in their doctrines.
The great depression was a super-charged balance sheet recession. The dark ages were the greatest depression, because all of the gold became consecrated to the vaults.
Koo doesn’t have nice tits, and he of north east Asian extraction. North east asian men tend to be kind of autistic and fact driven. They also don’t suffer from guilt aspersions, like the Jew tries to cast onto whitey.
Between that and me telling you he is OK, then you can receive his wisdom and not feel like your are being conned. The great depression was a balance sheet recession. You get out of a balance sheet recessions by canceling private debts. Jesus started his mission on the jubilee year, to cancel debts, as Israel of the day, had debt polarized.
For balance sheet recessions/depressions, you need access to the debt instruments, which then means you have to nationalize the private banks, even if temporarily.
I believe we need allies. But I also believe we need a cleaning to find out reality.
___________________________________
Clownworld is imploding because it is high on its own supply. Usury money from the finance class, has to recycle back through an owned media, to then clown you. There is also clowning of all Americans via public schools, which teach from on high. Usually it is a shrieking estrogen woman, who are teaching young boys … a non starter known to our ancestors.
No longer do Americans use the logos trivium method of debating and logic; who, what, where, when, why and how. It is hard to create dupes and debt slaves, when children are taught basic methods of finding truth. In other word, they become resistant to clown world. We cannot have that now, can we?
The brain damaged libertarian truth vigilante cannot let go of his narratives; only young brains, and a tiny fraction of the oldster population can rethink what they think they know. They will go to their graves gibbering to themselves, unable to deal with their internal contradictions.
NPC clowns from clownworld will go crazy. Also, I put a link in our previous discussion, which is the pre-conditions for American industrial policy, which Trump’s advisors, being clowned themselves, are unable to “grok” to.
Nothing is new under the sun, Hudson wrote a book on America’s protectionist takeoff, which required tariffs. Economists go to college, and don’t read and think; they accept their received wisdom as dupes.
https://voxday.net/2025/05/06/stay-sane-stay-frosty/
When an Artificial Intelligence model is fed its own input as training data, the model will tend to degrade over time, losing detail with each iteration like a series of photocopies until the model collapses into a fuzz of noisy static.
Something similar, I think, is happening with liberals. They’ve become trapped in their own illusions, eating a media diet that consists entirely of their own propaganda, and then generating new propaganda that simply refers back to the old propaganda in an endless entropic Ouroboros. Meanwhile, the quality of the propaganda they generate is degrading rapidly: the deceptions in the news media or the academic literature get more transparent and less convincing with every iteration; the entertainment media gets less compelling, more poorly written, with worse special effects and less impressive acting; their literature devolves into hamfisted sermons mashed together with smut; their computer games feature worse stories, uglier characters, clumsy game mechanics, bugs, and degrading animation quality.
As the output of the Large Liberal Model decays, it becomes much less interesting to those not already held captive to it, who increasingly tune it out; and for those on its periphery, easier to escape as its ability to fascinate evaporates. Those trapped deep in the model sense the power of the model – and with it, their political power – evaporating, and respond with panic and rage, furiously prompting the model to generate ever more deranged outputs in an attempt to bully and shame apostates into providing the model with their lives’ limited attention loci. This is effective at more firmly locking down the minds of those already deep within the model’s embrace, but utterly ineffective at attracting new customers.
Eventually, the unstable construct of distortions and outright falsehoods that liberalism is based upon is destined to disappear into a shrieking howl of distorted static, and it will take the minds of its adherents with it. That is not necessarily a metaphor – the brains hooked into that model will essentially have their wiring undone, because this is just what happens when a neural network is forced to ingest an information diet consisting solely of incoherent contradictions. It will cause actual brain damage; indeed we already see this happening.
I happen by UNZ from time to time, because I feel the need to bash in the heads of clowns. I also have empathy for those seeking out the truth.
Going after the shadow trillionaires might be only accomplished by Devine intervention but we can make the billionaires and all those ‘poor’ people who only make a million a year pay their fair share.
Nope. My wife and I paid income tax filing jointly on an income well under that amount. The problem, as Reagan succinctly stated, is not that the people are taxed too little but that the government spends too much. Welfare is a part of it but the MIC is a huge cash cow. The budget for the Pentagon should be slashed by half, at least. Then they could look at means testing social security to close the budget gap some more.
You don’t have to talk to EliteCommInc.
He is the cyber army I have identified, sparing no effort to try to smear our government.
I asked him to admit that he was a patriotic American, but he dared not.
Perhaps he is an Indian.
His words are meaningless and try to confuse you.
Trump doesn’t have the votes in Congress to do this.
Face it, half of America is dependent on government, including White Republicans (Looking at you, Kentucky, West V.A.)
If Trump had the 1995-2007 Congress, this could have been done.
I don’t see Republicans getting a large majority in Congress for a loong time….
The left will see that someone like Trump, Newt Gingrich never gains power again.
The fact is that the fed reserve is not federal. every dollar printed there is interest owed to the foreign bank owners; starting in 1913. If the feds take bakc the printing of it’s own curreny with no usuary – that would eliminate so much debt. Then, when the feds need money – they print it, themselves with no interest.
Many years ago I read an article by Ellen Brown about the Commonwealth Bank of Australia. It was more or less one man effort by Dennison Miller trying to free Australia from the clutches of English bankers, and according to the article it worked quite well. The bank started with close to nothing except the promise to pay and behind it the resources of Australia. It financed great infrastructure projects in Australia and so forth and benefited Australian society a lot.
If memory serves me, this project was watered down in the 1930’s due to pressure from private capital/ banks.
Albeit different story it’s related to the story of the Greenback from Lincoln era. And perhaps to the current story in China. Such systems are certainly worth thinking about, creation of credit for the ‘public’ good vs the system the ‘west’ uses today. Where central banks in cohort with private banks create credit. Here, one of the question is: is the government better than private banks? Clearly the big variable here is the government since private banks can be expected to behave in similar ways – maximizing profits for their owners.
In any case, it’s easy to issue a Greenback or establish a commonwealth bank when the road is clear and you are not stuck in a debt swamp, basically starting from zero. It’s different if you are changing from the current system we use in the ‘west’ (that’s gone haywire) to what Ellen is proposing. Even great new systems can’t rectify enormous problems inherited from what was, like huge debt.
It’s a bit strange to think about it – America has been the superpower on earth since the collapse of the Soviet Union in 1990, and it’s borrowing money with interests? How weird is that?
Military and war spending does not amount to half of the federal budget, even when we include interest on that portion of the fed debt attributable to past military/war overspending.
But yes, we must slash it by well more than 50%.
Closing 90% of the 700-plus US military bases abroad —most of them thousands of miles from our borders — will not save $500 billion. More like $200 to $225 billion per year, after transition costs.
Replacing half of our Army active-duty personnel with TWO times as many reservists would save money too, while leaving us prepared.
What does the income tax have to do with welfare? $150k/yr puts you in the 24% tax bracket. Higher if your state has income tax. And don’t forget to add property tax if you own a home. You’re a dumb troll. Get a job. A real job.
MoFo-Bill writes:
Clearly she doesn’t. Because, as I said, she is putting the cart before the horse.
She (like you), believes that you can increase the money supply FIRST and that economic prosperity will follow.
It NEVER DOES. Runaway inflation follows inevitably.
You also write:
You’re living proof of that. Although I would be flattering you to call you a midwit.
(Your IQ would need to double so that you were elevated to midwit status).
The MoFo goes on to post this ignorant assertion:
According to the M-F’er, it was insufficient currency that prevented the U.S from growing prior to 1861.
I don’t have the time or the inclination to track down graphs demonstrating U.S growth from 1800-1861 (UR readers can locate them on their own).
But suffice to say it was OUTSTANDING.
According to MoFo-Bill (just like his messiah Michael Hudson and the MMT moron Stephanie Kelton that Hudson praises), IF WE PRINT UP ALL THE CURRENCY WE NEED THEN PROSPERITY WILL FOLLOW.
The fact of the matter is that the amount of currency NEVER NEEDS TO INCREASE IN ANY SOCIETY.
Let’s assume we have a situation where we’re on a Gold Standard, and that they never discover a SINGLE OUNCE of gold from now until the end of time.
In that situation the prices/wages etc will adjust DOWNWARDS to reflect the fact that, even though there is more stuff being produced (eg: manufactured goods, increase in the housing stock, more agricultural production etc), the price of each item in that society will COST LESS than it did before.
That’s exactly what occurred during the 19th century. Even though there were episodes of inflation during the 1800’s, for the century as a whole we witnessed DEFLATION.
(And not by a handful of percentage points either).
A dollar in 1900 had something like 20-30% more purchasing power than it did 100 years prior in 1800.
That is UNAMBIGUOUSLY A GOOD THING.
But MoFo-Bill is using Orwellian logic by trying to lecture us that:
i) Lower Prices are Bad
ii) Gloomy skies are better than blue skies
iii) Excess CO2 in the atmosphere is causing Global Warming.
Only an idiot would entertain these thoughts.
MoFo-Bill also asserts this:
ACTUAL OUTCOME: There has never been a major war where living standards went up.
MoFo-Bill (like a lot of dumb fuck Keynesians) equates a rise in GDP with improved living standards.
During WWII, the manufacture of scores of thousands of B-17 Flying Fortresses and P-51 Mustang aircraft generated a shit ton of GDP (to say nothing of the building a of a single USS Missouri battleship). But this did precious little to improve the lives of the citizenry in the U.S who were working long hours and enduring rationing of stuff like petrol/meat/butter and all manner of other consumer goods.
The same applies for those living in the northern states during the War of Northern Aggression (1861-65), as the production of goods for consumers was curtailed and instead resources were diverted to making weapons of death.
As for the most outrageous of BALD-FACED LIES from MoFo-Bill, where he asserts that the money printing during the 1861-65 war (which is erroneously labelled the American Civil War), was ‘not incurring inflation’, a quick search on the internet yielded this:
Got that UR readers?
The inflation averaged 13% – which was higher than it was in the WORST YEAR of the Carter Administration (which were the years of highest inflation in America in the last 100 years).
And MoFo-Bill has the audacity to tell us the money printing during the Lincoln administration had no inflationary consequences.
WHAT A SHAMELESS LIAR THIS CLOWN IS !!
Meanwhile, we’ve had numerous contributors here in UR over the years saying things like:
‘When I first started working in the late 60’s/early 70’s, I was making around $2/hour, and when they retired they were making $25/hour.
But they went on to say that the $2 they made over 50 years ago WENT A LOT FURTHER than the $25 they were making in the twilight years of employment.
On a Gold Standard purchasing power is preserved.
On the Fiat Monetary standard that MoFo-Bill, Michael Hudson and the entirety of Malignant International Jewry prefer, the working class are ROBBED OF THEIR PURCHASING POWER.
As if MoFo-Bill hadn’t uttered enough stupidity already, he ups the ante with this asinine remark:
I ask you UR readers, has there ever been more usury and exploitation of the citizenry than RIGHT NOW (and over the last 50 years)?
Well guess what? All of that is occurring on the watch of the Fiat Monetary Experiment that MoFo-Bill and his ZOG benefactors advocate for.
What a ridiculous thing for him to say that there will be more usury under a Gold Standard.
But the MoFo can’t help himself.
He’s been indoctrinated in Keynesianism and Big Gubmint authoritarianism from day one.
This is economic illiteracy on steroids.
Think about it UR readers. MoFo-Bill admits himself that a Gold Standard is deflationary.
In other words there is NO NEED to rush out and purchase that consumer item you need today because it will be cheaper in a month or a year.
MoFo-Bill also writes:
All you UR readers that are old enough to remember what it was like pre-1971 (before Nixon ended the Gold Standard), can you honestly tell me you felt like you were on a ‘debt slave system’?
Real World evidence proves emphatically that people have NEVER FELT MORE LIKE WAGE/DEBT SAVES THAN UNDER THE CURRENT FIAT MONETARY SYSTEM.
And who are MoFo-Bill’s hero’s?
They are the types of people that advocate for a continuation of the Fiat Monetary experiment.
That’s right, they’re the likes of Ben Bernanke, Janet Yellen, Howard Lutnick and that crackpot (and good pal of Michael Hudson) Prof. Richard Wollf.
And what can be said about all of the above?
That’s right – every one of them is a MALIGNANT JEW.
All Empires are on a decaying trajectory that lasts typically about 200 years. It is called the Law of Entropy. In the early stages no matter what you do, you can’t be wrong. In the last stage no matter what you do, you will always be wrong.
Better focus on what the Asiatics are cooking. They started about 30 years ago – about 170 more years left to not be wrong.
Means testing Social Security would result in so much fraud that a doubling of the
IRS and the FBI manpower would be needed.
Imagine, how many people and/or their assets would be headed out of the Country. Whether they need SS payments or not, recipients have paid into the system and they want their damned money back, without being reduced to welfare recipients.
Elite Communist Incorporated writes:
Really? Not a single proposal?
(Even though numerous such proposals have been detailed by the libertarians alone)?
My, my aren’t you deeply embedded in a cocoon of ignorance.
You’ve never read/heard such a proposal because you get all your info from the ZOG owned MSM, and from listening to key note addresses from rabid warmongers and neocons.
Dr Ron Paul and the libertarians have been making the practical and workable suggestions for decades.
Watch the following 34 sec commercial made for Dr Ron Paul’s 2012 Presidential campaign.
You’ll instantly know what needs to be done:
Now bear in mind, that was in 2012, at a time when the Federal budget was slightly more than half of what it is now.
And bear in mind that, as the advert clearly said, Ron Paul would cut $1 trillion from the budget in YEAR ONE.
In other words, over the course of his term in office he would likely have cut a total of perhaps $2 trillion. There is no reason that today a minimum of $3 trillion can’t be cut from the budget over the course of a full term in office.
As usual Elite Communist, you’re clueless about what can and can’t be achieved.
Like most Keynesians and advocates of Central Planning and authoritarianism, you’re wedded to the idea that Big Gubmint must keep growing like a cancer in perpetuity.
1T = 10¹² = 1,000,000,000,000
Once you go logarithmic, you already have lost control.
I like the American national park system. Envy of the world and much emulated for good reason.
I detest the privatization of American prisons. A bane upon our republic. Curses upon the serpents who lodged it upon our land and for the lives and treasure they have drained in their greed.
Excellent. Maybe America can finally move on from this idiocy.
MoFo-Bill calls B.S on that excellent video I posted in comment # 58.
This is further proof that he is a defender of that ZOG sock puppet and traitor FDR, and his catastrophic New Deal.
For UR readers that haven’t seen the 6 min clip in comment # 58, I urge you to watch it again.
It is not ME saying that the New Deal was a failure. It was FDR’s own Treasury Secretary Henry Morgenthau Jr saying it (and every other objective observer on the planet).
And, if we were to follow the guidelines of what MoFo-Bill and his messiah (the failed economist and Marxist Michael Hudson) are saying, the U.S would end up in a WORSE quagmire than they’re already in.
FFS, I don’t have to imagine what America would become if we followed MoFo-Bill’s recommendations, because WE’VE ALREADY SEEN IT in the aftermath of the 2008 GFC.
ie: Big Gubmint intervention in the form of:
1) Countless hundreds of billions spent on TARP (Troubled Asset Relief Programme)
2) Trillions spent on bailing out ZOG owned and controlled subsidiaries (like Goldman Sachs-of-shit, Maurice ‘Hank’ Greenberg’s AIG and the rest).
3) Trillions in money creation (by way of all the Quantitative Easing)
4) Likely trillions more spent during the 2019 Repo Market Crisis (which was tantamount to yet another bailout of the ZOG owned banking industry), and much more.
Most importantly of all, UR readers need to focus on that bit from that 6 min video I posted in comment # 58, about the ‘Depression That Never Was’.
I refer of course to what occurred in 1921. Using any metric one chooses to apply, the downturn in 1921 was FAR WORSE than what occurred in 1929/30 in the U.S.
ie: much steeper decline in GDP, far more unemployed and occurring far more quickly etc.
And what did President Warren Harding do?
That’s right, he did the OPPOSITE of what Big Gubmint meddlers Hoover and FDR did (and what MoFo-Bill would’ve done).
Hoover and FDR massively increased Gubmint expenditures on make-work boondoggles and all manner of Gubmint meddling.
And so the short/sharp recession of 1921 (which was no fault of Harding’s – it was a consequence of the reckless spending of Woodrow Wilson during the last year or so of WWI and the inflation that eventuated), came and went in no time at all.
THAT is how you tackle any economic malaise.
Dr Ron Paul and the libertarians knew what to do from the start – because they actually understand economics.
But not so the Big Gubmint authoritarians like MoFo-Bill.
Although reckless fiscal and monetary policy got America into the trouble that it’s in today, FDR fellaters like MoFo-Bill believe that doubling down with even more reckless fiscal and monetary measures will turn things around.
WHAT AN EFF’N IDIOT THIS BLOKE IS.
Meanwhile, MoFo-Bill says that Germany in the 1930’s was able to undergo its economic transformation without using gold as money, and instead using a ‘bill system’.
First of all, German extricated itself from the financial orbit of the Vampire Squid (ie: debt usury to the ZOG financiers).
That was the first and crucial step that set it on the road to recovery.
Beyond that, one needs to bear in mind that Germany was no ordinary country in the early 20th century. This was a nation from whom a disproportionate number of Nobel Laureates came from.
And, contrary to the falsehoods of MoFo-Bill in the past where he said Germany succeeded without being on a Gold Standard (because her gold holdings had been drained during WWI and the crushing reparations payments thereafter), this is NOT TRUE.
The world was on a Gold Standard, and by virtue of the fact that Germany needed certain raw materials (eg: oil, iron ore, food* and other commodities for industry that Germany did not possess), Germany needed HARD CURRENCY (eg: USD and GBP) to purchase said commodities. In other words, Germany needed Gold (since the USD and GBP currencies were linked to gold).
(*Germany was never self sufficient in food – hence the reason why so many Germans starved in the final months of WWI and continuing into 1919 as the Allied blockade continued).
Germany needed the proceeds from its export earnings to purchase that food – and this food was paid for in Gold.
“Means-testing” social security is evil. SS is based on what you pay into it. Those who pay more deserve to collect more.
Means-testing in general is one of the stupidest ideas of all time. It’s because of means-testing that those on welfare are disincentivized from advancing. When you hear someone use the term “means-testing” it likely means you’re dealing with an idiot incapable of independent thought who can only regurgitate talking-points. Or a Libertarian (same thing).
MoFo-Bill thinks he’s pulled of a coup by posting a video of this ‘Koo’ bloke.
(Koo is a non entity that no one has ever heard of).
But the reality is that MoFo-Bill has confirmed that he is even more of an economic nitwit than we’d assumed.
MoFo-Bill also writes:
Many UR readers will be aware that I’ve addressed this matter many times before (as I also have with MoFo-Bill’s Jewish pal John’s Johnson).
John’s Johnson also accused the libertarians of being Jewish affiliated
.
And I responded to both of these Jewish sayan that, among the ‘Founding Fathers’ of libertarianism (and I posted a list of them on several occasions previously – which both M-F’ers saw), NOT ONE of those on the list was Jewish.
Of course, in the 20th century there were prominent individuals like Ludwig Von Mises and Murray Rothbard that promoted the libertarian cause.
But both of these men were RIGHTEOUS JEWS. They were Jews with a moral compass that continually highlighted the malfeasance of the U.S Federal Reserve and its role in exacerbating/creating recessions, robbing the citizenry of purchasing power through inflation and enriching the Jewish oligarchs.
As pay back for what Mises and Rothbard did, ZOG punished them severely and made sure their careers were demolished*.
(*This was especially true for Ludwig Von Mises, who was prevented from being appointed to the faculty of ANY university in America in ANY teaching capacity).
For UR readers that don’t know about MoFo-Bill and his history, he and his guru (the failed economist and Marxist Michael Hudson), both advocate for a CONTINUATION OF THE PRESENT FIAT MONETARY SYSTEM that has brought ruin on America.
Yes, the same system that allows ZOG to conjure scores of trillions with a key stroke on their computers to dole out to itself and its Talmudic cronies.
This it does through the ownership/control of the U.S Federal Reserve and the other major western central banks.
You see, ownership of the Fed is the CORE FOUNDATION of ZOG’s power.
With it they can fund no expense spared operations like the 9/11 False Flag, they can buy off all the leading Health bureaucrats and politicians in the western world and foist the Covid Psyop on us, and propagate the Holohoax, the Anthrpogenic Global Warming fraud and much more.
Well, MoFo-Bill and the man he fellates on the regular (the crackpot economist Michael Hudson) WANT THE FIAT MONETARY FRAUD TO CONTINUE – so that their Jewish benefactors can keep enriching themselves.
UR readers, it is OBVIOUS who between the two of us is colluding with the ZOG misfits.
Only liars and obfuscators continually use projection to deflect attention away from the fact that the libertarians are the mortal enemies of Malignant International Jewry.
Meanwhile, MoFo-Bill and Michael Hudson are as thick as thieves with the small hats.
This is clear to all.
it has been conclusively shown that the reason that the 50% or so of the population who don’t pay taxes, don’t do so because they are claiming valid deductions put in place by Congress.
You know not what you write about.
Sales taxes are highly regressive and disproportionately affect the lower income classes. D’oh.
I heard the idiot FL Governor DeSantis the other day talking about eliminating income tax for Fl residents. He appeared to be contending that since tourist visits to the state had grown form something like 8- million to 142 million most recently, that the tourists could be taxed sufficiently to cover the loss of the income tax.
Brainiac doesn’t address what happens in a recession where the tourists stop coming to the state. Or where half the state winds up underwater due to rising sea levels.
And this guy wants to be President!
No doubt both you (and I) can come up with similar privatisations that went pear shaped and resulted in higher prices/worse service for customers and taxpayers, than when they were Gubmint owned it.
And Mr/Ms Fatty, why do you suppose that is?
It’s because in every case where this occurred, the new owner of the publicly owned institution or utility was bestowed with a MONOPOLY.
(And often sold for cents on the dollar of what it was really worth).
Public assets should never be sold to anyone if it entails that the new owner has no competitors and can charge like a wounded bull.
Capitalism, by definition, is all about FIERCE COMPETITION in a market without barriers and impediments to new entrants.
Competitors must always be offered a level playing field, whereby they have the capacity to take away market share from the established players by offering a better product for less.
Understandably, in the case of a small town that has a single utility company providing electricity (for example) where it is not commercially viable for a second utility company to set up shop and compete, in a situation like that a privatisation can still be done if contractual agreements are made that ensures that the private electricity supplier meets certain benchmarks like:
1) Electricity rates per kWh to be in line with that of other utility companies in adjoining counties or based on a state wide average.
2) Penalties for prolonged blackouts and service disruptions (in the case of slow responses to put the power back on in the aftermath of a natural disaster like a tornado/storm etc).
If the private company cannot provide these assurances, then the privatisation should not proceed.
What we have in the U.S is corrupt politicians that are ripping off their constituents by selling public assets in bad deals that end up impoverishing the citizenry in the final analysis.
As for the American National Park system you speak of, it may well be delivering a product that you’re satisfied with. But at what cost?
Let’s put a dollar figure on how much it costs state and Federal Gubmints to keep the parks running at the present levels of efficiency/cleanliness etc.
(And then divide it by the number of visits that park has in any particular year)
How much is it costing EACH user of the parks and then each taxpayer?
What if turned out it was costing each taxpayer $150 per year. (ie: $15 billion per year to maintain, divided by 100 million visitations* per year).
(*Notice how wrote ‘visitations’ and not visitors? That’s because there may only be perhaps 20-30 million individual visitors, most of whom may only visit the park once or twice per year. Meanwhile there are other that visit it 5-10 times per year and are thus the ones responsible for the bulk of the visitations).
But, by comparison, once privatised it may only cost $10 per visit/per day to enter the National Park.
And, if the average park user only visited it say five times per year, that’s a yearly total of $50.
In other words, assuming the Gubmint sent each taxpayer a $100 payment each year (for money saved), that would still mean that the average park user was $50 ahead.
Meanwhile, those that never used the park would be $100 ahead.
My contention is that the private sector could look after park visitors for less (and deliver an equivalent or even better product).
Even after factoring in some fees that visitors would have to pay when entering a privately run National Park, it would still be less money paid out by park visitors than the Gubmint spends of taxpayers money to keep the National Parks in good order.
More importantly, many taxpayers that don’t use the services of the National Park are subsidising those that do.
ie: they pay taxes, and a portion of their taxes go towards maintaining that National Park.
Let’s assume I’m a beach and water sport type of guy that never goes to a National Park, that never goes hiking in the park trails.
Why should some of my taxes be going towards the upkeep of a land mass which I will never use in my lifetime?
Referring to Florida Governor DeSantis, Mean Joo Joo asks:
I suggest you click on the link below and see for yourself how much sea levels have been rising over the past 100 years:
https://realclimate.science/2010/10/10/sea-level-trends-nearly-constant-for-the-past-100-years/
The fact is that:
And that rise is about 2 mm per year (less than one-twelfth of an inch).
Mean Joo Joo, we know you’re an apologist for ZOG depravity.
But don’t tell us you’re also a Net Zero Nitwit that’s been sucked in by the easily disprovable Anthropogenic Global Warming hoax as well.
You’ve demonstrated before that you’re a dumb fuck.
So I wouldn’t be surprised that you were gullible enough to fall for that.
40% of all US households paid no income tax. That includes all income levels no maximum. What I said was basically correct. Taking only households under $150k, less than half pay income taxes.
10,000+ years of history say they do.
Laugh. You get confused all by yourself. You don’t need any help from me.
Laughing.
But you are correct. Whatever, benign thoughts of Chinese government I had are as with Russia — gone.
Neither China, Russia and some others intentions regarding the US are beneficent.
EliteCommInc. has no affiliation with or to any communist ideology or agenda.
“Really? Not a single proposal?
(Even though numerous such proposals have been detailed by the libertarians alone)?
My, my aren’t you deeply embedded in a cocoon of ignorance.”
Well low IQ and ignorant I may very be. However, I have yet to read a single proposal that would eliminate taxes and explain how the govrnment would operate. You are welcome to suggest one. I have yet to read a single proposal for a flat tax that would account for the 7 trillion dollar budget now on the table. You are welcome to propose one.
Libertarians have never pit forward a system that would pay for the government we have or need. Their notion of “no government” a society dependent on people’s good will and production to their own good and ends — smacks of some manner of imagined state of every actor acting honestly with themselves, each other. A self bargaining of disputes that simply empowers those with more to simply opt out of any negitiation they don’t like.
Ohhhh sort of like Russia and China or the current wealthy having to gface damages for their conduct — it woud unleash these types of scenaris without restraint. At least currently the less powerful have some mechanism. Libertarians would leave the system without any controls at all —
There’s a word for that we used to call it — UJtopia — an ideal which is unworkable in our surrent himan ethos.
I think I did something as simplistic and ridiculous as estimate the number of adults in the population regardless of age or income and simply divided the budget by that amount. The 325 million into 7 trillion.
22000/12 months 1900 a month —–
I am of course being ridiculous — we don’t calculate government expense that way.
The above is you showing off your deformed personality. You have to do hero worship, and a person has to have lots of credentials. You also do ad-hominins if somebody disagrees with your position. Koo is actually very highly regarded, but you didn’t bother to find that out, before popping off like an uniformed moron, which you are.
Apparently the truth of what they speak has no bearing on your thought processes, only the cleavage of a woman.
People like me, who are can do pattern recognition, and can figure things out, have a hard time understanding that people like you exist. But you do.
This is why democracy is an unstable system, because so many in the population are immune to facts and logic. There are hysterical women, and truth vigilante, in the same spectrum.
I have to warn off UNZ readers about you, because invariably you snag another mid-wit, and then they are ruined for life with your libertarian BS.
Income taxes are a tax on production… a very bad idea.
China does it without gold or libertarian jewish free-dumb nonsense.
Germany did it too:
Correction UJtopia is Utopia and any suggestion that my comment is a reference to Jews would be incorrect.
I am familiar with Sen Paul. And I am afraid his suggestion doesn’t solve the query of no government. It falls woefully short of ending government.
7 trillion minus 1 trillion leaves us with 6 Trillion — which I think would still require taxes. Hardly a model of no taxes and no govermnemnt. Let me know when he or his son has the integrity to support ending members of congress engaging in insider on the market.
Am obvious conflict of interest for members tasked with regulating the same.
As I say Utopia save for that little hurdle of human failing.
Joe, you have a history of sensible commentary.
And unsurprisingly you pinpoint the problem precisely – ie: Big Bloated Gubmint.
With that in mind, let me share a story relating to something I read the other day.
I was reading David Ray Griffin’s book ‘9/11 Unmasked’, and in Chapter 33 Griffin mentions a guy called Robert Andrews, who held the following position in Gubmint:.
He was the:
I kid you not. Imagine fitting that title on his office door.
UR readers, I ask you to study that job description once more.
ONLY in Big Gubmint could such a job title exist.
Notice that this guy was the:
i) Deputy Assistant …… for LOW Intensity conflict.
Which suggests to me that there is someone employed in Gubmint that handles HIGH Intensity conflict.
(And for all we know there may well be someone tasked with the job of MEDIUM Intensity conflict).
ii) Deputy Assistant …. for SPECIAL Operations.
This would suggest that perhaps a similar job existed for ‘GARDEN VARIETY’ Operations. (ie: those operation that were not so special – just the typical operations you encounter every day).
iii) PRINCIPAL Deputy Assistant ….. for high intensity conflict.
I mean, why not just write ‘Deputy Assistant’ without the need for the word Principal preceding it?
Obviously there are MORE THAN ONE Deputy Assistants.
And this guy Robert Andrews was the PRINCIPAL one.
Meaning he was the most important among them, the one with seniority.
So obviously there must have been one or more SUBORDINATE Deputy Assistants as well.
Not so in the private sector. A private employer has a finite reservoir of money at his disposal.
If he overspends on overheads then the product or service he offers will be more expensive than that offered by his competitors.
Soon enough he’ll go bust if he doesn’t run his business more efficiently.
The fact is that GUBMINT EVERYWHERE IS INEFFICIENT – there are no exceptions from ANY nation in ANY era of world history.
Yes, I have no doubt that Gubmint in China is more efficient than it is in the U.S (not a particularly high hurdle to eclipse).
But whilst the Chinese Gubmint may be more efficient in relative terms, in absolute terms it will NEVER be remotely close to being as efficient as the Chinese private sector.
Moral of the Story: The more of the citizens money that Gubmint confiscates from its citizenry in the way of taxes/tariffs etc, the more money that will be squandered on boondoggles.
Simply put, Gubmint must be kept on a leash and remain as small as possible.
Elite Communist Incorporated writes:
That is incorrect.
The government the U.S has now is clearly NOT NEEDED.
The U.S could easily function with Federal expenditures reduced by TWO-THIRDS (ie: a committed President could reduce budget expenditure by that amount in one term).
In subsequent years the Federal Budget outlays could be reduced further still, so that they were reduced by around 80% from the original starting point.
No one is saying (certainly not the libertarians), that Gubmint should be eliminated completely.
So some taxes would be levied to fund what remnants of Gubmint are left.
Perhaps a Consumption tax (what they call a VAT in Europe) of around 10% would be more than enough, with Income and Corporate taxes eliminated completely.
There would be Zero tariffs, Zero excise taxes levied.
7 trillion that’s 7,000,000,000.
No, that’s 7 BILLION.
Seven TRILLION would be 7,000,000,000,000
Step away from the crack!
Lolbertarian alert!
https://www.winterwatch.net/2025/05/biggest-forced-debt-collection-in-us-history-underway/
A proper government reigns in privateers. Lolbertarianism is a blinding ideology so privateers can get away with debt slavery. It was invented by Jews as a cul-de-sac to capture midwits and normies.
The U.S. government is puppeteered by private finance capital oligarchy, which lolbertarianism does not comprehend or fix. Lol’s cannot comprehend the world, because it takes force to smash in Oligarch heads. Lol’s believe in mutual consent and other warm/fuzzy concepts that don’t apply in the real world. It is soft headed nonsense, and ghoulish. There is no such thing as freedom, it is a made up concept as part of the enlightenment.
Student loans (see below) could have been denominated in gold, or cow farts. If they cannot pay it back, then students are put into perpetual debt slavery. Lolbertarianism is silent on debts, and insists all debts must be paid, that there is always enough gold to pay debts. All debts are equal, and there is no such thing as sordid gain taking.
Basically, Lolbertarians are ghouls, with no soul or empathy.
_________________
Below is from Amanda Goodall, see at above winterwatch link:
____________________________________________________
They’re coming for your paycheck.
Not next year. Not hypothetically.
This starts in June for defaulted student loan borrowers.
This isn’t a joke. It’s the largest forced debt collection in U.S. history. 42.7M borrowers owe $1.6 TRILLION
Colleges are being told to track down their ex-students…or lose federal funding.
Over 195,000 garnishment notices already sent.
The current rate of delinquency represents the highest figure ever recorded:
1 in 5 that are 90+ days late
None of the financial wellness programs I’ve spoken to have plans to help employees deal with this.
The fallout will hit employers hard, too.
Pair this with record credit card debt and the job market… Oh my.
An interesting data point is that the Imperial Navy preempted the
Reichserbhofgesetz – when they took over Tsingtao (still the best beer in Asia)
after the Boxer Uprising first thing they did was outlaw the sale and mortgaging
of land (which was promptly derided as Bodenfimmel but worked like a charm;
they did so not out of the goodness of their hearts but because they were not
interested in a population of slum dwellers – as, it strikes me, every good
government should).
– I admit I incompletely understood the frequent references to the “nomadic nature”
of the Jew; the Jew lives in constant awareness that the goyim will get onto his
machloikes and he will be forced to make Pleite (= bankruptcy but lit. “flight”!);
therefore all immovable property, be it house or factory, must be constantly
underwater – for this reason debt is subsidized and saving is punished –
and all actual wealth must be in a form that is easily transportable in bodily orifices
(-> this is where Freud got his “anal-retentive” from); from antiquity to modern asset
stripping that pattern has remained unchanged (had Maximilian I made Jakob
Fugger – a prehistoric paternalist in the vein of Henry Ford – a prince, ours might be
a different timeline but it isn´t).
It follows effortlessly that all credit for immovable=taxable=real wealth must be
the state´s domain; as this will lay waste to the profit rate it equally follows that it
nevah happen, further there is no voting our way out of it because in a (((democracy)))
no one gets elected dog catcher without the backing of (((donors))) and (((media))).
The Founders intended the oligarchy (-> Shays´Rebellion) and only wrote in
“pursuit of happiness” because “property” might sound a wee bit gauche.
Libertarianism is a gigantic a priori fallacy. It starts with the assumption that government needs to be small without ever explaining why this must be or why it would be a good thing. It then proceeds to analyze every issue from that mindset. As has been said: when the only tool you have is a hammer, every problem looks like a nail.
You apparently have thought about it in much more detail than I. My idea is not that more wealthy recipients be cut off but rather receive a modest trim in payment. We have a huge debt problem and we’re not getting out of it without universal pain, if we ever get out of it. Sorry, elderly folks.
Social Security is not a problem. All you need to do to address future shortfalls is slightly raise taxes.
Taxation has zero effect on the value of money- all the funds we need to pay are spent by the govt. and go directly to the taxpayers in many cases.
If the “tax” part of collection vanished tomorrow, it only covers 1/2 the federal budget.
Dollars have value because it is “legal tender for all debts public and private”, and because it is the world currency for oil and other trade. Taxation is only scooping back what was already spent.
Although the general direction of declining unemployment shown in that table is accepted, the official figures still likely are underestimates.
“In January 1936 the Reich Labour Ministry was gloomily reporting unemployment still running at around 2.5 million, with, it seemed, little prospect of a further lasting reduction.”
— Ian Kershaw, Hitler: 1889-1936, p. 581.
‘CUTS’ and ‘EFFICIENCIES’
To create all money as debt is the antithesis of the Freedom God, the spirit of America and the American Constitution intended. It is bondage, destructive and deficient. When interest bearing debt is used for money, there will be debt, lots of it as the non-money debt is always greater than the money supply and growing with time as all money is debt. Not all debt is money. It’s the same worldwide. ‘CUTS’ and ‘EFFICIENCIES’ are not the way out.
The total American Public and private debt near $100 Trillion includes the Total M-2 money supply of near $20 trillion. The difference of $80 trillion is not money. It’s only a debt expected to be paid in money. It grows with time. The money supply only grows with more borrowing, more debt slavery in the Land of the Free. Money is extinguished when loan principal is repaid. Spending the $20 Trillion of debt money on the debt would extinguish the entire money supply and leave $80 trillion in debt growing with time.
Quotes from letters to me from the U.S. Treasury: “Money for paying interest on borrowed money comes from the same source all other money comes from.” The interest is borrowed too. “Money that one borrower uses to pay interest on a loan has been created somewhere else in the economy by another loan.” From the Congressional Research Service, “Money is created when loans are issued and debts incurred. Money is extinguished when loans are repaid.
The non-money cost of money, interest, is added to the costs of production and therefore to the costs-of-living. This creates a constant rise in the costs of living and a growing ‘spread’ between the money supply and prices resulting in a loss of purchasing power in the medium of exchange and growing difficulty making ends meet for all segments of society including the U.S. Government which has the Congressional authority to create money. That Congressional authority was one intended to create money as a wealth not as a debt so to preserve, protect and defend Liberty.
Once, the American government did do its duty by monetizing the peoples’ production as a wealth to the people; money that was free of debt, free from obligation to perform for anyone and was in the Spirit of Liberty and Justice for all, the American Intent. The medium of exchange represented our labor, raw resources, ownership and the wealth of our garden, our nation. The wealth money supply only increased with productivity gains. Government could not create money until the people did production first; production that everyone needed, used and that the public benefitted from mutually so as to promote the general Welfare resulting in a debt free medium of exchange. We could do commerce without having to be in debt.
Over 141 years, from 1792 to 1933, special interests lobbied to get Congress to pass bad laws in 1853, 1863, 1873, 1913 and 1933 which resulted in Congress finally relinquishing its authority to create money to private interests in violation of the Non-Delegation Doctrine. These actions switched our money from a debt-free evidence of our production, liberty and OWNERSHIP to an evidence of our debt, our bondage and what we OWE. America does not have a ‘spending’ problem. It has a ‘borrowing’ problem. We are in debt bondage. We fought a Revolutionary war to prevent being forced into debt to pay the Stamp Tax of 1765. Yet, here we are, forced to borrow and forced into debt. No debt. No money.
America cannot be made great again unless it is Free again. Freedom made America great. Debt bondage has not and cannot. We could stop all spending, but the debt would continue to grow. We could spend the entire $20 Trillion money supply towards the debt. That would leave us with no money and $80 Trillion in debt growing with time. As long as debt is all there is; ‘cuts’ and ‘efficiencies’ won’t fix: the root of the problem, bondage to unpayable debt and a bookkeeping system designed by people that records money as debt not wealth; people who, contrary to historical fact, believe there must be debt for money to exist.
America cannot ‘efficiency’ nor ‘cut’ its way out of its debt path to destruction. America must restore the PRINCIPLE of a debt free medium of exchange like America attempted to start with. We must transition from the creation of all money by private interests as unpayable interest-bearing debt, to all money created by the public U.S. Treasury, as a debt free representation of production done that everyone needs, uses and benefits from mutually, our Liberty, OWNERSHIP and the wealth of our Nation.
Find drafts of this legislative idea at these two links:
https://www.debtfreemoney.org/american-transportation-act https://www.debtfreemoney.org/wp-content/uploads/2025/01/FINSTA_089_xml.pdf
Debt and its forced bondage have made us forget and deny our country, our Constitution and God’s intent that we be Free.
Help restore Liberty, Justice and Prosperity through the PRINCIPLE of a debt free medium of exchange.
Thank You for Your Service.
Gregory K. Soderberg
Debt Freedom Friends
Austin, MN.
it’s a nice idea
laugh forgot te three zeros appreciate it.
EliteCommInc. has no affiliation with any communist organization or ideology.
Well, until you actually adress the numbers to the nudget —
nice pipe dream.
As long as there is a nation, tere will be a need to pay for services. Some of those services will crucial services border control defense, policing, if the nation maintains a public education system —-
Punch Drunk Brother writes:
This is the sort of response I’d expect from a known idiot, someone who gets all his info about libertarianism from the corrupt ZOG owned MSM and a variety of Marxist and Judeo-Bolshevik literature.
UR readers take note: I’ve had considerable interaction with this clown. And to give you just one example of a foolish notion this man holds (among many), Punch Drunk Brother believes the War on Drugs was a failure because Gubmint did not flush enough trillions down a rat hole to combat it.
He believes that if America only had a few million extra law enforcement officers on the beat cracking skulls, that the drug problem would’ve been resolved.
You’ll travel many a mile before you encounter anyone as moronic and uninformed as our Punch Drunk friend. Some of his beliefs are absolutely juvenile.
For a comprehensive education as to why tiny Gubmint is beneficial, you need only go to the library at Mises.org and read literally millions of words explaining how small Gubmint is always best and yields maximum prosperity.
I don’t know why this even has to be explained. Anyone with any common sense can see that:
1) Gubmint is wasteful and inefficient
2) It attracts the worst people. ie: sociopaths and psychopaths that were failures in the private sector (and/or career politicians and bureaucrats that never worked an honest day in their lives).
These scum of the Earth are attracted to Gubmint because they know they would never amount to much in the private sector (which pays you in accordance with your productive contribution to society).
Only in Gubmint can they end up with a meaty six figure salary and get to micromanage other peoples lives.
(These people were weaklings in their formative years and were bullied. Gubmint offers them the opportunity to lord over other people).
3) The greater the amount of Gubmint, the greater the burden on the wealth and prosperity creating Private Sector.
If Gubmint is too large to support, the private sector buckles at the knees in its efforts to keep it propped up (by virtue of the confiscatory levels of high taxation).
4) Long before the private sector collapses under the weight of obligations to fund Big Gubmint, the very best and most productive entrepreneurs and wealth creators depart that nation, seeking greener pastures elsewhere that don’t have crushing levels of taxation/regulatory hurdles and impediments that prevent them from making both themselves and the nation* more prosperous.
(*Take for example Henry Ford, one among many of the great Captains of Industry from yesteryear. Yes, he accumulated a great fortune for himself. But whatever the nominal amount of wealth he made for himself, he created countless SCORES OF MULTIPLES MORE WEALTH FOR THE NATION AND ITS CITIZENRY during his lifetime (perhaps over one hundred times as much wealth for Americans).
But the MOST IMPORTANT reason why Big Bloated Gubmint is bad, is because people assume (for example), that when the Gubmint takes in say $ 2 trillion in taxes that is earmarked to spent on Defence or perhaps to be distributed to the needy who are on welfare, that all $2 trillion reaches its intended destination.
Actual Reality: In many instances only 50 cents in the dollar or less actually gets to the intended recipient. (In the case of the military it’s far less still).
You see, as the example in comment # 116 illustrates, there is layer upon layer of bureaucracy and countless millions of overcompensated unproductive parasites whose lavish salaries and retirement packages need to be funded (many of them receiving salaries well into the six figure range).
In addition to that they are provided very nice offices in lavishly appointed buildings in prime vicinities of the business districts of major cities (where the taxpayer is footing the bill for the expensive rents paid).
Getting back to the matter of waste/fraud/& abuse, there is no greater example of it than Military spending. Click on the link below and see for yourself:
https://www.truthdig.com/articles/the-pentagon-cant-account-for-21-trillion/
That’s right – the Pentagon can’t account for $21 TRILLION IN SPENDING.
The $21 trillion may not be due solely to Pentagon corruption and fraud, seeing as I found the following remark after using a reliable search engine (ie: not ZOG controlled Google – I only use Yandex.com):
In the 130 or so years from the beginning of the republic until the creation of the ZOG owned Federal Reserve in 1913, the U.S became the richest nation on the planet – and that wealth was shared by a majority of its citizenry, as the bulk of the population was lifted from subsistence poverty to the middle class and beyond.
All of the occurred in an environment of:
i) Minimal Gubmint as a % of GDP
ii) NO income or corporate taxes levied
iii) A monetary system of Sound Money (the U.S was on the Classical Gold Standard)
Countries like Australia* and Canada also operated under a similar regime (negligible Gubmint and taxes levied), and they also had spectacular prosperity.
(*For a brief period in the early 20th century Australia had the highest GDP per capita on Earth).
Real world outcomes point to an unambiguous conclusion.
Wealth and prosperity go hand in hand with Minimal Gubmint.
Laugh
Tell it to the Danes, Swedes, and Finns.
And yet ypu have yet to make a case for no government. Even ne accepted ypur pit in the sky notions, the only case you make is one of a more eeciamt government, that’s fine.
But no government — nonsense.
Hello V-T,
Here is where we agree to disagree. I also detest the privatization of prisons. If I were “in charge,” the gov’t would be about 75% smaller. But I am vehemently against the privatization of “the commons,” such as lakes, rivers and parks. Speaking of parks, I just checked the cost of admission at the Sequoia National Park, in California – $20 for a carload of persons. Anyone who says that they can’t “afford” this might consider forgoing one a new tattoo, a piercing, a “nail treatment” or a wild hair coloring. The Sequoia trees are not found anywhere else in the world. So much for the “competition” argument.
I don’t know what their exact status is today, but in the past, the privatization of the Chicago Skyway and the Indiana toll road have been disasters – shoddy maintenance and higher than necessary tolls.
Again, I don’t know how things are today, but in years gone by, I have driven to California and back from northern Illinois – twice. The ONLY roads as bad or worse than Illinois roads were the roads in Oklahoma – Oklahoma also had toll roads. Having worked my entire life in northern Illinois, there was always intense “rivalry” between the citizens of Illinois and the citizens of Wisconsin.
The citizens of Wisconsin would rightly (in my opinion) “thumb their noses” at the citizens of Illinois. As soon as one crossed the border from Illinois into Wisconsin, the roads miraculously improved, and Wisconsin had NO toll roads. Taxes in Wisconsin are admittedly higher than in Illinois, but the quality of life was (and is) much better. Unlike in Illinois, the people of Wisconsin get rid of the politicians who turn out to be bad ones.
Two of the successes in the “government vs. privatization department” are the Tennessee Valley Authority and the city-owned cable TV & internet franchise in one of the larger cities here in Tennessee. I don’t know which city has the publicly owned utility, but the residents enjoy much more inexpensive cable TV and internet services than those provided by the for-profit supplier(s).
I agree with you on many things, but as I have stated here on Unz before, I believe that ALL roads lead to tyranny – capitalism, communism, fascism libertarianism and socialism. That is, in my opinion, because of man’s inherent greed and lust for power. “All” types of government “could” work in theory, except that greed and lust for power have been the ruination of each of them. Here in the USA, we have had the most perfect (yet) political system, but greed and lust for power have ruined it. That is my opinion, anyway.
Also, as I have stated here many times before, I believe that the best “system” is capitalism with government not being any larger than necessary, and with the proper safeguards in place to protect the people from the predator financial interests and the corporations. If anyone thinks that the “states” have the ability to look out for the people, he or she had better think again, as most all states are as corrupt as the federal government, in my opinion.
Thank you.
You are the known idiot, and a sociopath. Anybody with more than two digits of IQ can see that libertarianism is an a-priori construct. That means theorists conjure up a theory, then go looking for evidence to back up their theory. It is infantile bull shit, that snares low IQ normies. It is not an honest ideology by definition.
When logical thinkers (like Punch Brother) point out logical inconsistencies of the false construct, by using real data, LoL’s go into a histrionic diatribe of name calling.
With regards to Gubmint not flushing enough trillions, that begs the question, “What government?”
The U.S. is Finance capitalist/Oligarchy/Kritarchy/Kakistocracy/Xenocracy. All of these concepts are allowed free reign in a free-dumb libertarian system.
In other words, you create government and things you hate, because Libertarianism is for morons. It was invented to capture your (deformed) personality type. The Jews got you exactly where they want you.
You absolutely could create concentration camps, and stuff them full of degenerates. Then it would take some time for re-education, and their learning how to work, and have self-respect. But, concentration camps are a not possible in Libertarian Lol Lol land. See how your a-priori construct is a self licking ice cream cone.
The concentration camps wouldn’t even be that expensive. The Chinese Uighur camps were a smashing success at sweeping out Takfiri Islamic brain rot – that the western Kakistocracy was trying to implant into Chinese Muslim regions.
The idea was to break up Russia and China and install dollarized debts onto the now fractured zones.
Oh Wait! Libertarianism does not comprehend debts, as if they don’t exist. So Jewish!
No need to tell them – they already know that excess Gubmint is failing them.
Take Sweden for example. Prior to the middle of the 20th century it was a nation pursuing Capitalism and had minimal Gubmint. And needless to say it always figured amongst the top handful of nations in GDP per capita terms.
But in the decades subsequent to WWII, Gubmint grew and Sweden experimented with the cradle to grave welfare state model.
Needless to say, Sweden started slipping down the tables in terms of per capita GDP, and is well down from its former heights.
To the extent that Sweden has not completely hit the skids is due to the fact that Swedan accumulated quite a reservoir of wealth/educational infrastructure etc from the days of yore (when Gubmint was squandering far less of that nation’s wealth).
And bear in mind also that Sweden has a relatively small population (10.5 million) covering a pretty large land mass (with bountiful resources and commodities for export).
So that bumps up the bottom line and makes them appear better than they otherwise would had they not been blessed with those natural resources.
Same goes for Norway (whom the Big Gubmint worshippers like you choose to reference).
They were always one of the poorer nations of that region.
But then they discovered North Sea oil in the late 1970’s/early 80’s – and their fortunes took a radical turn as that River of Riches they discovered more than made up for the squandering of Gubmint.
All so Jewish, indeed.
Just as mentioned here over the weekend
unz.com
/aanglin/all-my-niggas-nazis-nigger-heil-hitler/#comment-7119042Ye’s Negro, Heil Hitler is a statement against Jew-Fault Divorce which is a Jew tool to further spread Jew U$ury.
Exactly why the Jews sought Divine Jesus’s death from the instant he came out of the gate opposing Jew U$ury in his first recorded public sermon, Luke 4:23-30 where he’s voiding Deut. 15:3 and 23:21 allowing/promoting infliction of Jew U$ury upon the goyim.
MoFo-Bill writes:
How would you know that these concepts are allowed free reign under a libertarian system?
Because there has been NO administration in America in the last 100 years that was even remotely libertarian.
The closest would’ve been the administrations of Harding* (more so) and Coolidge (to a lesser extent than the former), during the 1920’s.
And the U.S economy (and with it a broad demographic of the citizenry), prospered mightily during that period.
(*Harding is the standout President of the 20th century from a libertarian perspective.
JFK** comes in second place).
(**JFK gets most of his libertarian brownie points from a foreign policy perspective, as he made great strides in achieving detente with the Soviet Union and was well on the way to normalising relations with Cuba when he was killed by the ZOG misfits. He also lowered income tax rates).
Meanwhile, there is no disagreement from me that the U.S has degenerated into all those things you described over the last 100 years.
Starting with Hoover (who was a textbook Keynesian without even knowing it), both taxes and Gubmint grew like a cancer.
FDR of course did exactly what Hoover did (but on an even more monumental scale).
FDR and the first Jewish President (LBJ) were the INVERSE of libertarians (Gubmint grew fastest of all under their tenures. And they were both ZOG sock puppets and warmongers).
Well guess what? American has been involved in one murderous foreign intervention after another for most of the last 100 years.
This is the antithesis of libertarianism.
Everything that’s happened to America over the last 100 years is stuff that all comes from YOUR playbook Mr MoFo.
(ie: Bloated Authoritarian Big Gubmint, operating on a Fiat Monetary system.
And of course those endless wars on behalf of your Jewish benefactors).
Once again Mr MoFo-Bill, you’re talking shit.
The last 100 years for America has all been about Big Gubmint growth and increasing erosion of Liberty. (eg: heavy handedness like the mass cull of the citizenry during the Covid Psyop).
In other words, exactly the sort of thing that you and Michael Hudson get off on.
Comment
is in response to this.
Negroes got BTFO’d by the finance jews. When Marcus Garvey wanted to remove negroes to Africa, he ran into resistance. When Marcus visited the NAACP in New York, there were no negroes there; it was all Jews.
This is why the concepts of Xenocracy and Kritarchy matter. Xenocracy is rule by a foreign elite, or even an “international financier” who has no allegiance to the nations civilizational forming people. Xenocrats only have allegiance to themselves and their in-group.
Xenocrats also import an army to do their bidding. They know at subconscious level, they are taking usury on the citizens, and sucking up life energy, as a parasite. In the case of American negroes, it was the intent of the Jewish Finance Oligarchy, to become a Xenocracy, and then create an army to do their bidding.
This is why the battles between Booker T. Washington and W.E.B. Dubois were so important. Blacks got BTFO’d by the Jews, and then became chumps and warriors for the Jew.
A kritarchy, as you probably already know, is rule by judges. The judges are corrupt agents for the Xenocracy/Finance Oligarchy. For example, the Jewish Kritarchy knew that the 1965 immigration act would change the demographics of the Americas, and destroy the civilizational destroying people. This is perfectly in-alignment with their in-group goals of spreading debt, to then establish a permanent creditor over debtor system, which is debt slavery.
Again, negroes became agents for the Jewish finance capital debt slavery system, as chumps.
Intelligent negroes like Ye, are the enemy of the Jew, as intelligent negroes become aware of their chump status.
When the Jews and DuBois won out over Booker T., it was yet another case of the Jew winning.
Jew fault divorce is more Jew winning. If you break up the family, then you destroy the civilizational forming people (typically whites).
Russia is more advanced on the Jew problem, since they are the child of the Byzantine empire. Stalin called the “Rus” as the civilizational forming people. Stalin became disgusted by the Jew, as he grabbed everything not nailed down, and sold it into the East, to then get some shekels.
Stalin also removed Jews from all power positions, and affirmed Rus as “civilizational forming” even though he himself was not Rus/Viking/Aryan.
Booker wanted segregated black communities, with circulating Greenbacks. This would also include intact black families, where the wife stays at home taking care of the children, instilling good values.
Booker was a huge threat to the Jew’s warfare mechanism of Xenocracy.
With regards to your post:
A Convertible Debenture is a standard security issued by a corporation to a premium lender to whom the corporation grants especially advantageous terms to incentivize the investment. It is a bond giving the holder the option at any time to convert his debt instrument into an equity holding in the corporate issuer such that the investor can share in the upside of the corporation’s fortunes at any time by converting his bond debt claim interest to equity stock.)
Hamilton “converted” debts to “equity” to form the first bank. This was his huge mistake. A lot of economists call it some sort of brilliant maneuver, which saved the country from the claims of the creditors.
Hamilton allowed usurers to stick their hooked camel nose into the tent. The end result is that the bank was overcome, and was sold to the Baring brothers. This is one of the original sins in America, which gave Jewish financiers an open door to operate their parasitic mechanisms.
The general rule, not taught to economists, is the notion of sordid gain taking. Anything beyond 1.5X gains, and certainly 2X gains is usury. Usury is a power position. The Creditors were allowed into the bank due to their perceived power position, when they actually didn’t have power.
All Hamilton had to do is give them some sort of special stock, guaranteeing them 1.5 or 2X, but no way to own the bank.
Jews are children of the lie, to get their way – they have to create a reality against the Logos.
America was usurped, especially by 1912. What is your point?
It was usurped by privateers, which libertarianism celebrates.
Free movement of people! Free international movement of Shekels! All humans are moral and are the same!
Oh, and there is no such thing as debt slavery!
Libertarianism is a crock of shit. If only our god, our gold bars was in charge. Never mind that the Jew took thousands of tons of gold at usury on the trade routes, and was his principle tool to fund the creation of libertarian orthodoxy.
What a chump. Into the concentration camp with you and your ilk – head first. You are a prime example of the inability to learn, a brain that has calcified/ myelin sheathed and cannot be re-programmed, unless a boot is crashing into your skull.
So people should pay sales tax on necessities of life like food, water, medicine, medical equipment, clothing and shoes?
Of course, if in the future taxes were necessary for an emergency, the Florida legislature could pass a temporary tax to pay for any unusual circumstances. Allowing people to keep their money is a good thing.
WTF did you say? Talk about convoluted.
Don’t drink and type.😅
Thanks to reply. I am a big fan of smaller government and delight in some market places. However
Private prisons owned by investors who desire great profit have a huge conflict of interest with principals of freedom and liberty. I would say their conflict of interest is large or greater than the public “service” of keeping bad people canned up.
To be a growth industry and fill every prison cell of every new prison, the private interests would meddle with laws of the land for person gain, not on behalf of the public good. That is what happened when the prison guard union promoted the Three Strikes law in California that had morphed from targeting repeat violent criminals to “felon” shoplifters at 7-11. This was obscene; as it destroyed lives it drained off tax payer dollars. Meanwhile the privately owned concessions sell prisoners 20 cent ramen noodle packets for two dollars or more.
Privatizing national parks means an end to national parks. By definition. A Ted Turner might keep some as wilderness. Others would convert these national jewels into elite hunting parks or, more likely, lavish casinos to bleed dry the savings of more citizens.
If you cannot see this, you have lost the plot. Like, have you not considered the virtue of demonetizing some aspects of human existence?
With usura hath no man a house of good stone
each block cut smooth and well fitting
that design might cover their face…
with usura, sin against nature,
is thy bread ever more of stale rags
is thy bread dry as paper…
Usura slayeth the child in the womb
It stayeth the young man’s courting
It hath brought palsey to bed, lyeth
between the young bride and her bridegroom
CONTRA NATURUM
They have brought whores for Eleusis
Corpses are set to banquet
at behest of usura.
From the Cantos of Ezra Pound (XLV)
T-V,
I feel that I am somewhat knowledgeable concerning the “goings-on” in Sverige (Sweden). My father’s parents came to the USA from Sweden in the 1920s. Since becoming an amateur radio (ham radio) operator in 1981, I have had hundreds of contacts with Swedish ham radio operators. I have one Swedish ham friend that I have known for over 30 years. In the fall of 2019, I took a trip to Sweden and stayed with him and his wife for 3 weeks. He is slightly older than me and knows EXACTLY what has been and is going on in Sweden. He is a retired professional person, fluent in Swedish, English and German.
I have an older lady friend back in Illinois, whose deceased male friend was a ham radio operator. Both were fluent in the Swedish language. She also knows EXACTLY what has been and is going on in Sweden. She keeps up on the news there via mainstream and alternative news websites, as well as by staying in contact with her relatives there (she was born in Sweden).
Up until the “new age” politicians (mostly female) came into office there, Sweden’s socialist form of government worked very well for the majority of Swedish citizens. But in the last few years, Sweden has let into the country a large amount of Africans and Arabs and these groups are literally trashing the country. All because they were allowed to emigrate into Sweden by the politicians.
In my 3 weeks there, I travelled throughout central and southern Sweden. The people there are nothing but astonishing. Absolutely no “road rage” – everyone uses their turn signals, there is no “tail-gating” and ALL of the drivers are courteous to their fellow motorists, unlike here in the United States.
To say that I was impressed with the people of Sweden and their country would be an understatement. When it came time to come back to the United States, I did not want to come back. Sweden is infected with the same fraudulent and corrupt banking system as what we have here in the USA and in the rest of the so-called “civilized” world. There is BIG MONEY behind the problems that now face Seeden and, in my opinion, it is NOT because of their socialist form of government. It is because of the Big Money that has corrupted Swedish politics.
Tack så mycket!
Elite Communist Incorporated writes:
I (and the vast majority of libertarians), never advocated for no government.
We advocate for Limited Gubmint.
And that case has been made one thousand times over.
But you are TOO LAZY to read the voluminous amount of material available from the very best Not-Beholden-To-ZOG economists and well researched commentators (like former Congressman Dr Ron Paul), that make the case for it.
I can understand from your perspective, seeing as you’re a rabid neocon and warmonger, that Gubmint is needed from your standpoint.
Because without Big Bloated Gubmint you ask yourself: ‘How can the U.S continue to pursue its murderous foreign policy and the endless wars?’
You know that Big Gubmint, flush with trillions of the citizens money that it has confiscated through a crushing tax burden, is needed to fund the Apartheid Israeli state and their genocide in Gaza.
Also Gubmint is needed so that hundreds of billions can be sent to that poisonous dwarf Zelensky to fund his Judeo-Ukrainian regime in that proxy war with the noble Russians.
This type of money squandering are things you approve of, seeing as you’re as thick as thieves with the Talmudic misfits that have run America into the ground, and their criminal agenda.
The point that the libertarians are making is that Gubmint as it exists (certainly at a Federal level – and the case can be made similarly at state level), can be largely abolished.
In it’s place there will instead be DECENTRALISED Gubmint, as local communities organise to create a Gubmint of their own that deals with their region.
The great Bill Bonner explains how Decentralisation, in conjunction with Small Gubmint, works:
Take heed Mr Elite Communist, because you are one very foolish and uninformed individual on a range of issues.
Amor Fatty writes:
Well, NO, actually.
Privatising a National Park would involve stipulations like these:
1) Firstly, the National Parks are not to be SOLD off. Private interests would be offered say (for example), a 25 year lease. (And said lease could be renewed if the private operator is meeting ALL the conditions). ie: conditions like:
2) Said parks are not to be turned into casinos, no commercial development to be undertaken on wilderness areas (eg: building of shopping malls, theme parks etc).
3) Said parks are not to be turned into Hunting arenas.
That said, if the number of some species are reaching plague proportions (like deer, foxes, rabbits, ducks, coyotes etc), and their numbers are threatening the ecosystem/causing over grazing/resulting in soil erosion, then some supervised hunting can be conducted to cull the herd.
4) The park should remain wilderness in all areas that it had previously been virgin territory.
The moment a private operator voids ANY of the above conditions (and several others that I’m sure you can imagine), then the lease is TORN UP and the Gubmint resumes operation of the venue.
The lease conditions will state that any investment the private operator made will be FORFEITED and they will not be compensated for millions spent on developing the National Park if they contravene the terms of the lease.
So naturally in view of that, private operators will do their damnedest to make sure they keep the National Park pristine/unpolluted/unspoilt – or else risk having their investment flushed down a rat hole.
It is THAT simple Mr Amor Fatty.
You clearly don’t have much of an imagination if you weren’t able to work that out on your own.
Brad, I agree with you that Sweden’s problems cannot be blamed on Socialism.
And the reason for that is simple:
SWEDEN AND THE OTHER SCANDINAVIAN COUNTRIES ARE NOT SOCIALIST.
The literal definition of a Socialist system is one where GUBMINT OWNS THE MEANS OF PRODUCTION.
In other words, countries like the Soviet Union, East Germany, Mozambique, North Korea, Albania (under the dictator Enver Hoxha) etc, these were Socialist systems.
And they had one thing in common – they were all FAILURES.
Sweden has some Big Mother Multi-National corporations (like Atlas Copco, Saab-Scania, Volvo, Ericsson etc).
Make no mistake, the top 1% in Sweden are raking in the bucks and businesses pay nowhere near the rates of tax that the Swedish middle classes do.
Ask your Swedish friend about that Brad, and you’ll see that this is indeed the case.
Click on the following link and see for yourself:
https://taxfoundation.org/blog/swedens-corporate-rate-13-points-lower-ours-and-going-lower/
As you can see, that lower corporate tax rate is not just one or two percentage points lower.
Sweden’s corporate tax rate is THIRTEEN PERCENTAGE POINTS LOWER than in America.
What Sweden (and the other countries in that region) have is a CRADLE TO GRAVE WELFARE SYSTEM that includes Medicare for All and various other welfare largesse.
Now, many leftists believe that Sweden and countries like it are STICKING IT TO THE RICH and making them fund all these generous welfare entitlements.
But THAT IS NOT TRUE (as I’ve shown you with the evidence above).
What Sweden does is TAX* THE HELL OUT OF THE MIDDLE CLASS to pay for this welfare state and Big Gubmint.
(*Did you buy any alcoholic beverages while you were in Sweden Brad?
Did you put some petrol in the rented car you drove?
If you did you would’ve been stung with the high prices relative to what you pay in the U.S).
Once the German financial system was no longer being asphyxiated by the tentacles of the Vampire Squid (aka the Zionist Usury Banking Cartel – operating out of the Square Mile in the City of London), Germany was unshackled from Talmudic exploitation.
Soon thereafter Germany was firing on all cylinders.
So Brad, despite Sweden slipping down the rankings post WWII (in per capita GDP terms) once it adopted the high taxing Big Gubmint Welfare State mentality, it nevertheless was MORE CAPITALISTIC THAN THE U.S from a business perspective – hence the reason why Sweden still enjoys a pretty good standard of living and you don’t see hordes of tent cities and homeless sleeping under bridges like you do in the Socialist trending U.S.
The system in Sweden allows the private sector to GENERATE WEALTH and CREATE JOBS by not subjecting it to the taxes/regulatory impediments that American businesses are subjected to.
That is the reality Brad. Be careful when listening to those rabid leftists that claim Sweden and neighbouring countries are Socialist. They most assuredly ARE NOT.
As you’ve edified readers on here capable of assessing credibility sufficiently to recognize who to heed, THE CENTRAL BANK MUST NOT BE PRIVATE BUT RATHER GOVERNMENT-CONTROLLED BY A GOVERNMENT THAT LOVES THE PEOPLE INSTEAD OF WANTING TO OWN AND EXPLOIT THEM LIKE ANIMALS AS THE JEWS SEEK TO TREAT the goyim.
In an economy prohibiting usury there might not even be distinction between stock and bond unless the prohibition is limited to personal loans and allows commercial lending at interest.
Thanks for the reply, T-V.
I am going back to Sweden at the end of June and will again be there for 3 weeks, staying with my very wise ham friend and his wife. I will be doing very little of the “tourist” things, but will concentrate on meeting many of my Swedish ham friends, learning about their beautiful country and of course, enjoying their EXCELLENT food.
Their food, unlike the food here in the USA, is NOT adulterated and they all know how to cook! I will also be operating my friend’s excellent ham radio station and since Europe is in their “back yard,” there will be no shortage of other hams with whom to make contact – using Morse code, as I almost always do.
Take care!
Governments come and go. Sooner or later ZOG will be able to capture a particular administration, and thereafter the central bank will do as the Jewish controllers instruct it to do.
Take for example the Bank of England (BoE) which was nationalised soon after WWII and ‘confiscated’ from the Talmudic misfits that previously owned it.
That should’ve worked out OK for the British people, right?
REALITY: Privately owned or publicly owned, it was a distinction without a difference.
Soon enough the BoE was doing ZOG’s bidding.
Dr Ron Paul knew what had to be done from the very start.
In the case of the ZOG owned U.S central bank the solution was to: END THE FED.
In other words these brokers will take over from the corrupt ZOG owned and affiliated big banks.
There will not be a state of affairs as we have now, where banks create money ex nihilo.
In other words, borrowers can only borrow what is available through the savings of the lenders.
Now, seeing as there is no central bank in this system I’ve suggested, and thus the Gubmint itself will be the issuer of money (rather than a collective of Jewish criminals), the Gubmint of the day (ie: the Treasury Department), will create money itself and feed it into the system.
(ie: small percentage increases each year in accordance with the growth of the economy – so as not to stoke inflation).
The Gubmint can lend on major projects to those large enterprises that may need scores, or even hundreds of millions in borrowings.
(eg: a major discovery of gold is found or some other commodity. Gubmint will assess the viability of the project and future projected income potential, and lend the millions needed to establish a functioning mining facility).
So you see, in this way we can eliminate the need for those corrupt ZOG owned financial institutions to be involved and compromise the stability of the banking system.
And to the extent that some brokers become larger and attract huge sums of lenders money, we can safeguard against these large broking institutions speculating with depositors money in the derivative market/stock market/futures market etc (and engage in all manner of financial chicanery).
We can do this by introducing legislation that makes it illegal for those ‘broker institutions’ to do anything other than:
LENDING TO BUSINESSES AND ORDINARY CITIZENS (with actual depositors money only). There will be no Fractional Reserve banking chicanery allowed.
This will minimise the likelihood of banks becoming insolvent and needing a bailout.
Got it now Farrakhan?
I have no idea why you’re paying heed to anything MoFo-Bill is saying.
Because MoFo-Bill and his guru (the crackpot Marxist Michael Hudson), advocate for a continuation of the Fiat Monetary experiment.
That’s a system that enriches the small hats to the tune of trillions, while robbing the masses of purchasing power as the inevitable runway inflation eventuates.
You stay safe as well my friend while you’re there.
We’ll be looking forward to hearing from you when you return. Because you’re a ‘Salt of the Earth’ type of bloke whose stories and life experiences are not embellished.
We know that what we’re hearing from you is sincere, and that you’ve always been an honest broker.
While you’re in Sweden, ask your friends about the matters I’ve posted.
ie: that business pays far lower corporate taxes in that country than in America.
Are you familiar with what Warren Mosler has to say about this?
“Mefobills” might be the top intellect on the net regarding the USA’s situation in the world today.
Plus all he’s written lends credibility to what he’s mentioned about not backing down in that unique environment, the integrated public schools. The truth always fits together.
Extremely extraordinary combo of strengths – he’s who we need as President.
Michael Hudson is the one who has educated us not only on the devastatingly destructive power of Jew U$ury but more importantly that it’s in violation of what The Divine Savior Jesus said/did at Luke 4:16-30
but also how The Church lost sight of The Holy Redeemer’s mission while naming the culprit
Don’t drink.
Excuse my mispost. That comment was noyt intended for you. Not sure how it got there. My mistake. However,
I can certainly clarify your confusion. I simply have lost trust in China, Russia and some other states. Base on their advocacy and conduct.
A little historical update for you.
Pres Andrew Jackson removed the central bank and invited chaos . . . and chaos enetered dancing to a host of tunes. The befit if a central banking system is that it can normalize systems so that in general the rules are consistent.
Well, I thought you might put forward some material to support your case. But apparently, you don’t have any support.
a decentralized system does not mean no system.
Sen. Paul’s case does not remove government or taxes — while smaller both remain. Here’s the reality the claims made by libertarians are just not deliverable in the real world. And I stated before, I will take the Congressmen’s Paul’s serioius;y when they cease engaging in trading in markets while members of congress — clearly a conflict of interest. And advocate that such practice be tterminated completely. I am not a huge fan of the public — but good grief nothing could be more obvious and yet, Sen Rand Paul continues to defend the practice —- good grief. You want change government, change the mebers minds or the members.
———————————–
The US is going to provide to freindly countries if they need saaid aide and we can afford to provide it — I guess the debateable term is “afford”. Nonetheless, you continue a march of nonsensical rationale. Smaller governemnet may or may not have any impact on the aide we provide which is largely predicsted on the US agenda.
Of course we shoud continue to support Ukraine, that is obvious. IN fact our support needs to extend to providing enough aide — and this is an irritating failure of Europe — to demolish the Russian supply chains from China, India, N Korea, and Iran or anyone else feeding Russia’s war machine.
Ukraine should stop playing the chat game — no more demonstrations are needed regarding Russia’s agenda and unwillingness to recognize Ukraine as an independet nation. Furthermore, Ukraine should cease behaving as though Pres Trump is going to come around. He is being played, because what gthe current executive wants is for Ukraine to fold — period. Whatever Russian hooks are in the current admin aren’t going to be removed and Europe and Ukraine and other should proceed accordingly. This admin has failed on the negotiating issue. And tey will continue to fail as long as Russia is rebuffed.
Again, nuclear exchange is a two way street —- so when russia starts that threat — trhe west should respond in kind — good grief this would have been over a long time ago had the Europeans and the US acted as soon as Russia crossed the border.
You are entirely ignorant apparently of my positions regarding the use of force. And has been very clear here numerous times. But in the case orf Russia. She is treatening not only Ukraine, but Europe, the US and indeed the globe as she attempts to force a remarriage and nullift=y a divorce she can never nullify. Even if by some slim chance she gets all of Ukraine. She is facing years years and years of intensense insugency rendering her ability to govern impossible. I suspect she barely hanging on now. Pres. Zelinskis never should have stated that Ukraine is responsible for taking out generals. By doing so he relived the very real internal turmoil that must be roilinginside and outside the Kramlin.
Russia started this war and war she is getting. And none of your libertarian pipe dreams will change that. Your system has been tested and found wanting. The confederqte states, during the civil war the soiuthern states could not muster respurces to fight nor manpower because of a decenral system. To runa decentral system — everyone has to buy in and if they don’t — you have nomeans to mamage their /get their support.
Our system has a lot of issues and I believe that libertarian perspectives are va,luable and helpful — but they are not a solitary solution. Furthermore, what has buffered central power has always been community service groups and churches — but what to do when sauid groups temselves violate the rules — suppose they aren’t interested in negotiating with their neighbors as is the case with Russia.
Suppose wealthy susie doesn’t want to pay for the damage. suppose the state doesn’t want tocorrect the damage they have caused to people. Suppose they don’t want tosettle matters in fair hearings — suppose they say —
“That’s life”
“Life isn’t fair” or how about this one
“The needs of many outweigh the one” Suppose they decide based soley on cost benefit analysis — much cheaper to take advantage of the less powerful and than to treat them justly.
Your lofty goals down the drain —- kaput, done dead.
The words ‘USA’s situation in the world today’ refer to geopolitics.
And just off the top of my head, Col. Douglas Macgregor and Dr Ron Paul are light years ahead of MoFo-Bill on that topic.
And on the matter of economics, Dr Ron Paul runs rings around the likes of Michael Hudson and MoFo-Bill.
Evidently you don’t get out very much if you value MoFo-Bill’s opinions on anything.
I have eviscerated his (and Michael Hudson’s) asinine assertions on countless occasions in the past – before Hudson banned me from commenting in his articles.
(FFS, in this thread alone I’ve swatted down MoFo-Bill and his ludicrous claims on several occasions. Clearly you’re not paying attention to what’s being written).
You see, prior to my banning I was posting evidence that unambiguously refuted the claims made by Hudson and MoFo-Bill. And, unable to argue his case in a public forum (and being simultaneously intellectually bankrupt), Hudson resorted to the default option of all tyrants and banned me.
You also go on to say:
You’re not very observant, are you?
Both Hudson and his groupie MoFo-Bill advocate for a continuation of the Fiat Monetary experiment. Got that?
Through the creation of endless trillions of dollars with a key stroke, the ZOG owned Federal Reserve enriches itself and its Talmudic cronies as it divvies up the money amongst themselves.
If Hudson was truly trying to educate the world about the devastating power of Malignant International Jewry, he’d join Dr Ron Paul and demand an END TO THE FED.
But Hudson has never done that – NOT ONCE.
As for your suggestion of ‘he’s who we need as President’ (referring to MoFo-Bill), surely you’re aware that the U.S got to where it is today because Big Gubmint metastisised like a cancer over the decades.
Well, MoFo-Bill is advocating for MORE OF THE SAME.
ie: Authoritarian Big Gubmint barking out Stalinist style Five Year plans and micromanaging the lives of the citizenry (issuing orders about where they live, what employment will be allocated to them, what quota of energy will be apportioned to them etc).
Well Mr Farrakhan, seeing as you evidently don’t know much history, all of that has been tried in the past. And it ended disastrously each time.
Centralised Authoritarian regimes ALWAYS fail and deliver death and impoverishment.
Do yourself a favour and keep a wide berth from the nitwit Marxists like Hudson and MoFo-Bill.
Learn some real economics here: Mises.org
You’ll be better off for it.
Quote:
“Pres Andrew Jackson removed the central bank and invited chaos . . . and chaos enetered dancing to a host of tunes. The befit if a central banking system is that it can normalize systems so that in general the rules are consistent.”
“enetered” – you mean ENTERED? “befit” – you mean BENEFIT?
Apparently you are so busy typing that you can’t be bothered with correct spelling.
Insofar as your statement about a central banking system is concerned, perhaps you should devote some time and effort to some historical research. The ONLY “system” that central banking has normalized is the system of THEFT from the American people and the people in the rest of the so-called “civilized” world, whose countries are infected with the same fraudulent banking system.
I will be 74 years old next month and after relocating here to NE Tennessee 7 years ago, I obtained a mortgage for my residence. I “could” have paid cash for the residence, except that I would have incurred a huge income tax liability had I redeemed my IRAs to do so.
The purchase price of my residence was $295,000 and I made a down payment of $150,000 – that was CASH; money that I had EARNED by working as an industrial electrician, engaging in HONEST WORK. Where did the $145,000 that I borrowed come from? It came from NOWHERE it was just a number on someone’s computer screen – borrowed “money” (debt).
My next month’s payment will be $278.89 towards the principal and $481.14 IN INTEREST. That interest money is basically THEFT – money that was not earned by the mortgage company from doing honest work.
If, during the life of the mortgage, I miss a few payments, the mortgage company can foreclose on the house, take possession of it AND my $150,000 down payment. When they started out with NOTHING (except debt) to begin with. All legal. And what gives them the right to legally steal my money? The Federal Reserve Act of 1913.
If you do decide to do some REAL historical research on our country’s banking system, you will find that the banking system which you admire so much has been responsible for EVERY depression, every recession, every financial “bubble and the inflation that has taken place since the creation of the Federal Reserve.
Since entering the work force on a full-time basis in 1969, I have WITNESSED the purchasing power of the dollar fall 90% – thanks to a banking system which you admire so much.
Thank you.
To say
then
is to properly ridicule the satanic usury Jews then to suggest one heed the satanically deceptive libertarian Jews whose entire libertarian philosophy exists to cover for the satanic usury Jews by discouraging governmental prohibition of Jew Usury.
Obviously China is thriving exactly because of not being duped by your way of thinking.
I mention ‘former Congressman Dr Ron Paul’ (the greatest President America was never fortunate enough to have), and in response you bring up his son Senator Rand Paul.
Are you really that stupid to not know the difference between the two?
(Actually, going off your previous commentary, I suspect you are indeed that stupid).
I’ve had numerous exchanges with MoFo-Bill in the past (and his Jewish sayan pal John’s Johnson). And both peddled the falsehood that libertarianism was affiliated with Jews.
And then when I showed them a list of the ‘Founding Fathers of Libertarianism’, there was NOT A SINGLE JEW AMONG THEM.
This is further proof of how ignorant you are Farrakhan, that you are not aware of this.
The fact of the matter is that the core foundation of Malignant International Jewry’s wealth is its ownership of that River of Riches (otherwise known as the U.S Federal Reserve).
Confiscate the Fed from ZOG and it will soon enough wither on the vine.
Meanwhile, ONLY ONE MAN has consistently campaigned since he entered Congress in the mid 1970’s, for an audit, and then an END TO THE FED.
And that man was the libertarian Dr Ron Paul. That is why ZOG cheated Dr Paul in the 2012 GOP primaries that, had he rightfully won, would’ve allowed him to take on Obama in the Presidential election (an election I believe he would’ve won).
It’s clear to all that ZOG feared no other politician more than Dr Ron Paul in the post JFK era.
Because Ron Paul was not beholden to ZOG.
Because Ron Paul is the only Presidential candidate to run on the platform of reducing U.S taxpayer funding of Apartheid Israel to ZERO, of closing all the foreign military bases, returning the troops home and radically reducing U.S military spending.
The fact is that Dr Ron Paul IS the End the Fed movement.
Without his campaigning over many decades to educate the American public about the malfeasance and chicanery that The Fed is involved in, not 1 in 100 Americans would know about its nefarious activities.
Meanwhile, your heroes (like Michael Hudson and MoFo-Bill), are on record as stating that they want a continuation of the Fiat Monetary system.
That’s right, the same system that has so enriched the Talmudic misfits over the decades.
Lastly, you end with this asinine comment:
When China was ruled by Mao Tse-tung, its people were living in subsistence poverty.
That’s because it practised Marxism – like your messiah Michael Hudson advocates for.
But Deng Xiaoping abandoned Mao’s (and Hudson’s) foolish ideas, and unleashed an entrepreneurial tidal wave, as China embraced Capitalism.
Today China is the bastion of Capitalism among the major nations of the world.
(ie: Small Gubmint as a % of GDP, low income and corporate taxes, far less regulatory impediments to hinder the private sector from generating wealth for the nation, and NO WASTAGE of money on murderous foreign entanglements like the U.S engages in).
ALL OF THESE THINGS are in accordance with libertarian principles.
That is why China is the economic powerhouse that it is.
It’s because it turned its back on Marxism and those failed Socialist doctrines.
Yes, the ruling elite of China still call themselves the Communist Party of China (CPC).
But even Blind Freddie can see that China is Communist in name only.
Communism/Marxism is a FAILED doctrine.
But Michael Hudson and his ignorant groupies (like yourself) still embrace it.
This is indicative of how much of a fool you (and Michael Hudson) are.
I appreciate you reminding me to pay close attention to the technical aspects of writimng. No issues.
What I said goes to standards across boundaries that are the same. That is what standardized means. That a set of rules are constant for the systems in place. And that helps maintain some stability across those same boundaries. Your comment about theft is generic, what it does not do is indicate how the standardization of the monetary system aides in the theft you claim. It is more likely the opposite. That when those standards are bent, ignored, appied to special intersts that malfiecient behavior becomes more likely. So in response, I would contend, less bending of the standards to suit players, special interests.
Fraud is an indication that the standards you denounce have not been adhered. It’s not the standards, it’s that corrupt conduct. Two very different animals. Seems reductive to blame the standards as opposed to the violation of the same. It’s akin to blaming the law against theft for theft —
But it does explain the libertarian rational, “people are breaking the law” “laws are corrupt” libertarian solution “get rid of the law”.
—–
No. the money that was lent to cover the difference was actually derived from the funds of other in the bank. It’s not made up. It’s someone else’s hard earned money and when they loan that to you they are charging a fee for the lent money a return on their investment to you. And several times in history those loan payments went unpaid and the result well — 2007/8 are the most recent examples. Of course there was the overvalued stock properties that were a major source of the problems.
So your comment that you could have paid the house note in full cash makes no sense. If in fact you wanted to save money — just pay the whole note. And for the record, I bet you could have negotiated that price down signigfigantly by offering a cash out full all in — and not saved the loan fees, actually lowered the price of the entire property, thereby lowering property taxes, if you have property tax.
Now I agree, there are fees that are tacked on as service fees that don’t make sense save to serve the cost of business into someone else’s pocket.
—
“My next month’s payment will be $278.89 towards the principal and $481.14 IN INTEREST. That interest money is basically THEFT – money that was not earned by the mortgage company from doing honest work.”
Well if you are a capitalist them you should know the product owner — gets to set the price. You can agree, disagree, bargain . . . or simply reject the sale. Frankly, I don’t get it — why take out a mortgage if you don’t have to — makes no sense. The answer to your complaint was inyour hands and you chose that which you object to — pretty weak case. No one was forcing the matter. There was no judge manuipulating on behalf the other party. No realtor, was standing before the bank telling falsehoods and misleading the players . . .
It makes no sense for someone who can pay out a home to take a needless mortgage — even to build credit. With alittle effort, someone in the bracket you suggest could have found a home for the price of tax or mortgage lien in any state in the US or perhaps any country. Which is even a better saving tactic.
Nice try. I reference them both.
In fact, I respond in detail that even if one did exacrly as he proffered the savings of one trillion would still leave a budget of 6 trillion and a government to boot.
Well short of your objective.
Watch the 34 sec video I posted in comment # 96 and pay close attention this time (because it is evident that, being in the demented state that you are, you were in a prescription medication induced coma the first time around and absorbed nothing).
You’ll see that Dr Ron Paul said he’d cut the Federal Budget by ONE ($1) trillion in YEAR ONE.
Over the remaining three years of his tenure he’d probably find another trillion to cut.
And bear in mind that this Ron Paul Presidential campaign advert was from 2012!!
The U.S budget outlays have almost doubled since then.
So, based on the current incredibly bloated Federal spending, Dr Ron Paul would almost certainly be able to cut THREE (3) Trillion dollars from it over the course of a full term in office.
Your entire list was of enlightenment thinkers, who were all jewed.
The printing press and jewish ideology of corporatocracy was already implanted by 1650. The enlightenment is 100% jewed.
You are always silent when confronted by your idiocy, and then pop up again later, just like Jew – repeating the same bull shite again and again. You don’t have to be a racial jew to share in the jewish spirit, which can be defined as in opposition to the logos. Also, you cherry picked your list, an act not unexpected from your deformed personality type.
Hitler even commented on this type of behavior, after winning debates against jews, how they would come back the next day, spouting the same arguments; as if the previous day never happened. That is you. The Jew would get BTFO’d just like you, but would never relent.
This is why concentration camps are a necessary thing, when deployed in a kind way, to heal people of your ilk. You cannot heal yourself, since you are sick.
Since you are sick, you also project, such as my being a groupie of Hudson. I merely use Hudson and quote him when he is correct, and I correct him when he is wrong.
This “finding of the truth” is part of the Trivium and also the Logos. You have neither the trivium or the logos in your soul. You also are not a truth vigilante… the opposite. Projection is a sociopathic condition, and your sociopathy is showing.
Here is a comment by Hudson, which I will quote because I agree with him, not because I am a groupie.
In the same comment thread, I correct Hudson on “international banks.” The Catholic church did not invent international banking. Private banks are international due to interconnected double entry ledgers. Gold was the interconnection in previous history, as it was international money, and could be melted down and spirited away. Or, it would simply be used by weight.
https://www.unz.com/mhudson/the-catholic-church-the-crusades-and-the-origins-of-international-banking/
LOGO DAEDALUS: Yeah. There’s the irony that the creation of markets and all these things that are the bedrock of libertarian theory are all government creations, they’re all public goods – a corporation is a public good, markets in general are a public good. These things didn’t emerge from voluntary individuals but were state projects.
(Above discussion is Hudson explaining how Libertarians are brainwashed. Hudson, never directly attacks Jewish ideology, but he instead he goes at it in an oblique way. ALL JEWISH IDEOLOGY, has creation myth, such that public goods belong in the private sector. Jews derive their money power by attaching rents to public sector goods.)
(Even in the protocols, Jews describe how they will use this sort of “trick” on the goyim until they gain control, and then they will switch gears, to proper economics. This is the jewish spririt of deception, anything goes. The means justify the end. )
(Libertarianism is just another means justify the end duping ideology.)
MICHAEL HUDSON: Right.
L OGO DAEDALUS: That’s an irony that’s very difficult for libertarians to see.
MICHAEL HUDSON: Well that’s the neoliberalism. Economists are brought up with a tunnel vision. That’s the problem. They don’t see that there’s a role of government because the financial sector wants to take over government and dismantle it, and make what used used to be government – including all of the public enterprises and natural public monopolies and the election process – all part of the financial sector, not part of the political sector.
(A libertarian demeans the role of government, as they are dupes, as if everything can be privatized. There is a proper role for government, and that role is well defined by classical economics, not libertarianism or neoliberalism.)
Oyyy . . .
Lets stay in reality. I allowed the 1 trillion to go literally unchallenged as it most assuredly would be in real life. Which still leaves a government and dueaa what taxes.
Probably . . . maybe, perhaps . . . ahhh you noticed that the price of ggods and servces, the cost of living as actually increased. Which means he’d have to justify said increase cuts based on what his whim?
Bloated I am curious in what way? I take he is magically going to remove the aged, the sick etc. He is going magically disappear US military defense needs or relations with our allies and joint ventures . . .
The nations federal oinfrastructure going self repair and modernize . . .
The point is that a nation state is going to have needs and said needs such as they are will require payment. Minus fees or massive donations by Sen Paul’s wealthy upper class friends — the public is going to pay.
\
I am curious why he hasn’t advcated for shutting down the five military bases in the state of Kentucky.
—————————-
I am all for cutting fat and waste mno brainer. Improving government effecincy — of course. But what DOGE has uncovered more than anyuthing esle is not fraud, but that the system actually has mechanism to address effeciancy and thus far the fed has only increased its budget —–
There are so many economic factors to consider in making cuts to services — and I have not eard a reckoning with a single one.
Its fun to live in the libertarian dreamworld, but eventually, yu have t face teality that mere cutting is not the solution and neither is a tax free country.
You behave as if all of these ideas are brand new and earth shattering. News fkor you — its not.
I’m well aware of that particular passage from Mein Kampf.
And it accurately encapsulates my exchanges with you. After pummelling you into the turf and humiliating you in front of the other UR participants (as I demonstrate the failings of your Socialist doctrines), you pop up the next day and act as if that drubbing never occurred.
This is how Hitler described the behaviour of the Jews.
This is what YOU do on the regular.
And other UR readers, just like myself, can see the irony here.
You, of all people (seeing as, like Michael Hudson, you are a Marxist/Socialist), that you should be pointing fingers at the ideological beliefs of others and claim they’re affiliated with Jews, when the reality is that your core beliefs are based on Jewish Bolshevism.
One can’t help but laugh at how unhinged you’ve become.
You’re flailing around projecting every which way, so that you can deflect attention away from the obvious fact that your belief systems are aiding and abetting the Jews (none more so than your advocacy for the continuation of the Fiat Monetary experiment that enriches Malignant International Jewry).
As I’ve said on numerous occasions, the most prominent figures in the U.S Congress that are representative of libertarianism (both in the present and in the not too distant past), are the likes of Dr Ron Paul, Senator Ron Paul and Congressman Thomas Massie.
Americans (and indeed people from all over the world), know that these people are the ‘Salt of the Earth’ and beacons of integrity.
They are/were genuinely working for the common good (be that on foreign policy, on the Covid tyranny or on fiscal and monetary matters), they did everything in their power to make America a more prosperous and peaceful place.
Meanwhile, WHO THE EFF ARE THE REPRESENTATIVES OF YOUR MOVEMENT?
You have NO ONE. Your Centralised Big Gubmint authoritarian ideology has no individual with integrity to represent it.
All you have is that sad sack and failed economist Michael Hudson – or perhaps his Jewish pal Richard Wolff.
You and other Michael Hudson groupies like yourself, you’re all losers – brainwashed with a losing ideology that delivered misery and despair wherever it’s been put into practice.
Laugh. I can certainly sympathize with loose ithat a is process the people of Sweden can turn around by electig polticians who support their views.
Hardly a take of government ineffecincy. And not really an inbiscator the Swedens’ government i nt serving their population. Swedes are nt dmping teir government funded healthcare system.mmigration.
And they aen’t doing so in Denmark either.
Laugh. You hae no idea obviously of my views on government —
Your lump and dump mentality is simply unrealistic. The fact that I see the need for government does not in any way suggest love of government.
You seem to actually think that noting a problem or problems with government means governt all bad and anyone who has a different opinion is defective.
The point is not the trust or even the popularity of government, but what government does in practical terms. As a funn, a Swede, or Dane to compare their governments servics to the US in terms deliver
In all your supposed advances regarding the value of no government, you have yet to make a case how a any society could finction without government. Pointing to government problems is not the same as offering an alternative.
LoL. There goes your hubris and narcissisms again, You aren’t blowing anybody out with your inanity. You actually are high on your own supply.
Speaking of getting blown out, here is Henry Hazlitt getting blown out. He is a high IQ libertarian dupe, way above you, and even he cannot defend the same BS that you are laying down.
You basically are for privatizing profits and socializing losses. Who is the odious socialist, it is you.
https://voxday.net/2011/06/14/mailvox-hazlitt-international-trade-2/
https://voxday.net/2011/06/18/mailvox-hazlitt-international-trade_18/
https://voxday.net/2012/07/10/mailvox-hazlitt-international-trade/
And another book for you to read:
But, you don’t read and think, you just believe in gold— your god. Simple libertarian orthodoxy is for simpletons.
Once again, real world outcomes directly contradict your claims.
No one (and I mean absolutely NO ONE – by orders of magnitude), was doing more screaming from the rooftops during the 2008 GFC, stating emphatically that there should be NO BAILOUTS (no TARP etc), than Congressman Dr Ron Paul and the libertarians.
Click on the links below to two among countless articles/interviews Dr Paul conducted that appeared at the time of the 2008 GFC, where Dr Ron Paul made it perfectly clear that Gubmint should never socialise losses by bailing companies out:
https://www.newsmax.com/newsfront/ron-paul-interview/2008/12/11/id/327049/
https://money.usnews.com/money/blogs/the-home-front/2008/09/19/ron-paul-this-bailout-wont-be-the-last
I refer of course to all the ZOG owned/controlled financial entities like Goldman Sachs-of-shit, Citigroup, Jew controlled AIG and the rest, that ALL WOULD’VE GONE BUST absent the Gubmint intervention to use taxpayers money to rescue them after their reckless speculative activity and chicanery which got them into trouble in the first place.
Simply put, the core belief of libertarians and their advocacy for Free Market Capitalism is that you reap what you sow. If you’ve satisfied consumer needs by offering the best quality product or service at a given price point, you deserve to keep the fruits of your labour.
However, if you run your business into the ground, if you don’t constantly innovate and run a ‘tight ship’ by operating on wafer thin margins (to keep prices low and your competitors at bay), then soon enough you’ll lose market share and go bust.
And so you should. The taxpayer should not be obligated to foot the bill for your mismanagement.
As for your spurious claim that Henry Hazlitt was ‘blown out’ by some non entity, no one has come remotely close to refuting a single thing he’s asserted.
Keep dreaming.
Fewer cigarettes and beer. What a shame that would be.
No. If ten percent is good enough for God, it would be more than good enough for the US government.
Libertarians are for privatizing gains and socializing losses. They are reverse socialist’s that are for debt slavery. Lolbertarians don’t even comprehend debts.
Libertarianism is for stupid people. Well meaning, but stupid. Midwits. Ron Paul actually did a lot of damage, because he inverted history. He wrapped himself in the American flag, and the founders were emphatically NOT LIBERTARIAN.
Since you are banned from Hudson comments, I’m enjoying myself “over there” while answering questions from intelligent people, without you putting up your smoke-screen of libertarian gas.
Below is one comment from “Dust Buddy.” Note that I am taking my “guru” Dr. Hudson to the woodshed. The commentators are thankful. Hudson is maintaining that the Church was the first international bank… it simply wasn’t. So, I had to correct Hudson by bringing up historical facts, and elements of history he has ignored.
You on the other-hand very much do hero worship as part of your perverted personality, so you cannot imagine that there are people who do not. You worship Dr. Paul, who did a lot of damage.
_______________________ Here is a commentator thanking me.
Thanks very much for taking the time to reply. The information you provide is valuable. The article does include the following line, which I take to be a heartening dog whistle at the very least:
“As Frederick Lane demonstrates, this was the dominant trade of Venice by no later than 1310. Like today’s “mega-speculators” in currencies and derivatives, such as the Morgan- and Rothschild-backed George Soros and Marc Rich, the Venetian banks and bullion-dealers were backed by large pools of capital and protection.”
Perhaps like Hudson he simply does not wish to touch the third rail.
Ron Unz, perhaps you could give Mefobills a column here, as his comments are more interesting than most of the published content.
__________________
Eat shit. Above is a commentator suggesting I am more interesting than Hudson, as I have corrected Hudson (my guru!).
Nobody wants to listen to your libertarian BS, only easily captured midwits. Both you and Dr. Paul are dangerous; in that you divert midwits in cul-de-sacs of bad thought. I’ve given you plenty of books and material to read, but you cannot comprehend them.
All you have done is confirm my belief system, that a vertical power “kingdom” is necessary, that freedom is limited, that the enlightenment was BS; and that we need re-education concentration camps for the mentally sick (like you), because you cannot help yourself.
Hazlitt isn’t even the cream of the crop for Libertarian smelly gas emission. It is Huerta de Soto.
Below link is Huerta getting BTFO’d by Huber. Huber is hardly a non-entity, but you will make up some sort of new excuse demeaning his credentials. It will be obvious to me, that you will not take any time to read, because to do so, will un-moor you.
https://sovereignmoney.site/notes-on-huerta-de-soto-and-neo-austrian-school?rq=de%20soto
HdS, however, as Hayek, before him, is misguided in pretending that in a system of free banking―i.e. a world without legal tender laws, central banks, supervisory authorities and banking regulation―market competition among banks would be the general solution to all those problems. HdS pities currency scholars for their ‘naivety’ regarding central banks. He might pity himself, together with his forefather Hayek’s plan of Denationalisation of Money, for much the same with regard to free banking. As if banking today were not the business of huge multinational oligopolies, in fact, private corporate planning bureaucracies, distorting and bending markets according to their private business advantage; as if the interplay between banks and customers, including government, would be any different from today’s, including overexpansion of balance sheets (the informed and ‘spontaneous customers’ vigilance’ (665) being another fictitious figure in this plot); as if currency and interest-rate speculation in private bank currencies would be any different from today’s in national currencies.
You also cannot accept that I know more about Libertarianism than you. I’ve read virtually everything the Lol’s have written. It is an enormous body of misdirection and false premises. It was a tremendous waste of time, while they tried to gas–light me, just like you do to the UNZ audience.
Huber’s take down of De Soto is the most concise I’ve seen. Start at the link above if you are willing to cleanse yourself of your false belief system. I bet you cannot do it! You are too weak… too full of hubris; too old, too calcified (although you are probably younger than me -you have an inability to learn).
This assertion of yours is the ultimate proof that you’ve lost the plot.
The great Lew Rockwell has described Dr Ron Paul as the Greatest Living American.
And a hell of a lot of people who don’t even identify as libertarians would concur with that.
No matter the issue you choose to focus on (be that geopolitics, the economy, the Covid Psyop, the Anthropogenic Global Warming hoax or whatever), Dr Ron Paul has not only been right but he’s been amongst the first to call out the lies and deception.
Ron Paul has had an incalculable positive effect on the lives of countless millions across the planet. So for you to say what you have demonstrates how out of touch you are with reality.
Not only has Dr Paul not inverted history, but he’s deconstructed it and explained it truthfully.
(Not a single reputable individual has ever questioned Ron Paul’s analysis on some historical matter – NOT ONE).
Only a fool would contend otherwise.
Well
get back to me when you have figured out the libertarian solutiona system without taxes and no government,
If not you then anyone else.