The wreck we called cash for clunkers...i had no idea by kaneman

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The wreck we called cash for clunkers...i had no idea

POSTED BY: KANEMAN
UPDATED: Saturday, March 19, 2011 16:53
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Saturday, March 19, 2011 2:54 PM

KANEMAN

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Saturday, March 19, 2011 4:46 PM

DREAMTROVE

Most of the stuff in the first 2/3 or so gets to the heart of the issue: Creating to destroy is the ultimate consequence of Keynesian consumerism. Reuse or aftermarket products, the recycling of an economy, even efficiency in labor or production are direct obstacles to the success of Keynes, and it is in the interests of those running a Keynesian scheme to see to it that all competition is destroyed, which means the intentional destruction of everything that currently exists in order to make new demand for new things being produced. This may boost sales, but it is economic suicide, and on an efficiency scale, a road to extinction for any society that follows this path to its logical conclusion.

The last time the US tried a full out Keynesian approach to the economy, the result was WWII, and the permanent creation of the American National Debt. What they don't tell you is that the interest on our Keynesian War Debt is not a small fraction of the budget, but is in fact every single penny of federal income tax revenue. The amount paid in interest is determined by the federal reserve on the basis of what its board members figure that the American people can pay, and the rates are adjusted accordingly. This is all hidden through a system of circular loans, and every single new dollar spent by the federal govt, whether on new programs or existing ones, is borrowed from a private corporation, one which holds the right to issue its own currency.

The US govt. has no power to issue currency itself, and as a result, is not an independent nation state. Rather, it is a colonial possession of the Federal Reserve Bank of New York and the international financial cartel which owns it.

That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.

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Saturday, March 19, 2011 4:53 PM

KANEMAN

Agreed....still think it is a great vid that really can't be wronged...

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