DuMB AND DuMBKoPF...

Comments

[MsCreant]

You improved them. They look smarter, more attractive and interesting, than normal.

[blindman]

let me pass this along too,
from a different astute zh'er.
.
Working Paper No. 708
The Road to Debt Deflation, Debt Peonage, and Neofeudalism
by
Michael Hudson
Levy Economics Institute of Bard College
February 2012
.
"
ABSTRACT
What is called “capitalism” is best understood as a series of stages. Industrial capitalism has
given way to finance capitalism, which has passed through pension fund capitalism since the
1950s and a US-centered monetary imperialism since 1971, when the fiat dollar (created mainly
to finance US global military spending) became the world’s monetary base. Fiat dollar credit
made possible the bubble economy after 1980, and its substage of casino capitalism. These
economically radioactive decay stages resolved into debt deflation after 2008, and are now
settling into a leaden debt peonage and the austerity of neo-serfdom.

The end product of today’s Western capitalism is a neo-rentier economy—precisely what
industrial capitalism and classical economists set out to replace during the Progressive Era
from the late 19th to early 20th century. A financial class has usurped the role that landlords
used to play—a class living off special privilege. Most economic rent is now paid out as
interest. This rake-off interrupts the circular flow between production and consumption,
causing economic shrinkage—a dynamic that is the opposite of industrial capitalism’s original
impulse. The “miracle of compound interest,” reinforced now by fiat credit creation, is
cannibalizing industrial capital as well as the returns to labor.
The political thrust of industrial capitalism was toward democratic parliamentary reform to
break the stranglehold of landlords on national tax systems. But today’s finance capital is
inherently oligarchic. It seeks to capture the government—first and foremost the treasury,
central bank, and courts—to enrich (indeed, to bail out) and untax the banking and financial
sector and its major clients: real estate and monopolies. This is why financial “technocrats”
(proxies and factotums for high finance) were imposed in Greece, and why Germany opposed a
public referendum on the European Central Bank’s austerity program.
Keywords: Debt Deflation; Neofeudalism; Economic Rent; Finance Capitalism; Classical
Political Economy; Pension Fund Capitalism; Bubble Economy " m.h.
.
http://www.levyinstitute.org/pubs/wp_708.pdf

[TeethVillage88s]

I love this stuff.

People don't know that we have liberalism in Monetary Policy, Fiscal Policy, Accounting Practices, Financial Instrument Definitions, Private Banking, Off Shore Banking, Tax Havens, Off Shore Trust Funds (Hello Mitt Romney), Financial ratings, ethos when dealing with big money, wealthy, bastards... and of course all the arts and LGBT.

Liberal policy on War?

Yes, Iraqi War I(Gulf War), and Iraqi War II, and Afghanistan for 12 Years without Exit Strategy or War Strategy or Government Strategy... Liberal War like the Vietnam War is just Masturbation.

[old naughty]

awesome, bm, thanks for sharing.

[blindman]

The Fugs - Slum Goddess (stereo)
https://www.youtube.com/watch?v=xy1hp6yjNTI
.
here, passing this long along from an
astute zh'er.

[blindman]

you see, merkel is from east germany man,
get it? .... no?
i know, it goes deep bro. ...

[TeethVillage88s]

Having earned a doctorate as a physical chemist, Merkel entered politics in the wake of the Revolutions of 1989, briefly serving as the deputy spokesperson for the first democratically elected East German Government in 1990. Following the German reunification in 1990, she was elected to the Bundestag for Stralsund-Nordvorpommern-Rügen in the state of Mecklenburg-Vorpommern, a seat she has held ever since.

Sorry, None of these people were a Christian Democrat before the "Wall Fell." This is bull shit. Merkle is a communist. We might not fight with her on that, but that she doesn't have Credentials other than being able to build consensus through corruptions, intimidation, blackmail, or cajoling.

- Erich Honecker, 3 May 1971 – 18 October 1989; was a German politician who, as the General Secretary of the Socialist Unity Party, led East Germany from 1971 until the weeks preceding the fall of the Berlin Wall in 1989.
- Egon Krenz 18 October 1989 – 3 December 1989, is a former politician from the German Democratic Republic (East Germany), who was its last communist head of state.
- Manfred Gerlach, 6 December 1989 – 5 April 1990, was a German jurist and politician (LDPD). He served as Chairman of the Council of State.
- Sabine Bergmann-Pohl, 5 April 1990 – 2 October 1990, is a German doctor and politician. A member of the Christian Democratic Union of Germany (CDU)
- Angela Dorothea Merkel is a German politician and a former research scientist who has been the leader of the Christian Democratic Union (CDU) since 2000 and the Chancellor of Germany since 2005.

-

So if these people from East Germany have failed?? Is it a surprise that they have not protected the people on Main Street. BTW: the mission of CDU is to balance the wealth.

If Angela Merkle is CDU, why doesn't she balance the wealth inequality that is so apparent in all Western Economies??

Primer Angela Merkle: Please Answer.

Social Market Economy = Germany = CDU = What? Eye not on the Ball???

[williambanzai7]

Balance the wealth indeed. In one direction.