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Jim Grant Must Watch: "Capitalism Is An Alternative For What We Have Now"
Jim Grant is simply brilliant in this must watch interview with CNBC's Maria Bartiromo, which we won't spoil with commentary, suffice to provide the following pearl of an exchange:
Maria Bartiromo: "What are the alternatives?"
Jim Grant: "Capitalism is an alternative for what we have now. I highly recommend it."
Maria: "We all do."
Grant: "No we don't."
Maria: "The Federal Reserve may not."
Grant: "We ought to be discussing an intelligent move to a sound currency by which i mean a currency that is based on a standard and not at the whim and the discretion of a bunch of mandarins sitting around Washington D.C."
In other news, Joseph Stalin has never been happier in his grave that Ben Bernanke has decided to shoulder the legacy of central planning and is firmly committed to proving that where Vissarionovich failed, the ChairSatan will succeed. At any cost.
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Hey smart guy...no change in consumer prices? Next time you go to the grocery store take a look at the amount in the package of snacky cakes that you buy. It is most likely less than the last time you bought it in the same period last year. I run a grocery store. The average decrease in quantity where cereal grains are involved...15%. Did I mention the price either stayed the same or went up? Yes...yes it did. No inflation and no change in consumer prices!? It seems to me you are enjoying the kool-aid a little too much. Stop watching the news and start realizing that you are about to be crushed. It is liberating and preparatory to the upcoming survival exercise.
I am an Alien.
Funny that the US Government is counterfeiting its own money. Back in 1946, this guy got into trouble for supplying the Soviets with the plates to counterfeit US Dollars.
So, no inflation and stocks are going up?
Currency debasement.
Yeah, but my 401k is almost where it was in 2007. Things must be getting better. What's that you say about inflation? Oh, wait...never mind that...the new iPad just debuted. It's so shiny!
Make sure you have some sauce and some side dishes to go with that IPAD. Most do, and forgo their bills. Amazing Society USSA.
.
Getting back to gold redeemability is a matter of law, not economics. Sometimes I think even smart guys like Grant don't understand that.
It would have to be a constitutional amendment, and we would have to begin with a jubilee:
http://strikelawyer.wordpress.com/2011/12/27/saving-the-world-revised-ed...
http://strikelawyer.wordpress.com/2011/12/27/saving-the-world-revised-ed...
That's the general idea anyway. The overlords will never go this way, only a populist effort to amend the constitution will work.
It would be very nice if Congress started paying attention and used amendments to the constitution when they changed it instead of:
- created multituinous unconstitutional laws and then leaving it to someone to bring it to the courts to challenge unconstitutionality
- allowing the president to create mountains if treasonous and unconstitutional laws through executive orders
If only!
Well, one point of the ideas behind the constitution was to make it susceptible to populist amendment. If the Congress won't do something that needs to be done, super-majority can call for a constitutional convention. Neither Congress nor the banksters could stop that.
But in the first instance the unwashed hordes descending on the capitol day after day would most likely force Congress' hand. It should be attempted in a serious way, anyway.
http://strikelawyer.wordpress.com
Law/?
Laws?
Since when does it matter about laws.
We don't need your stinking laws.
Laws are for there to keep other people honest. We ain't other people.
Regards
Jamie, Jon, Blythe, George, Ben, Timmay and all the gang at the White House and the CFTC.
It is true that we'll never get the system, as currently constituted, to enforce the law against the 1% the way it gets enforced against the 99%.
But the 99% can be given the same pass as the 1%, if they press for it. That's the jubilee idea.
I have a dream -- Ron Paul is the president and Jim Grant is the Fed chairman.
And together they will unwind the Fed, unwind the empire and return us to sound money free of usery.
OBANANKE CRONYISM YOU CAN BELIEVE IN
Billionaire investor George Soros, a generous contributor to the Democratic Party, owns a significant stake in Westport Innovations, the Vancouver-based natural gas engine company. Soros owns a 6.6 percent position in Westport, which is poised to benefit from federal subsidies now under consideration on Capitol Hill.
http://www.humanevents.com/article.php?id=50010
Smell the Corruption .....................
Free at last and the Trolololololo guy will entertain us all with his scintilating and thought provoking lyrics and we will be entertained daily by him.
http://www.youtube.com/watch?v=AK6vmgf9UQA&feature=related
Vid in new American.
I suspect the analysist's fear the silent voter.
I {heart} Jim Grant...
in a purely plutonic, hetero, brotherly kind of way, of course.
/homophobic disclaimer
I'd totally believe you...except your avatar looks like a glory hole ;)
The first world market is centrally planned and this means that all leveraged plays will now be suspect UNLESS you are in on the scam. No place from the small guy. China is more rationally market oriented than USA/Euro land, as a central planned economy....at last they have a long range plan.
Fine! "How does he do it then?" ANSWER ME THAT ONE??? This is the largest market in human history...and yet "we ascribe these great powers of control to Ben Bernanke"? REAALLLYYY? "What's the secret sauce"? Ridiculous. And not answered. BY ANYONE. I will agree..."gold had a good day today." So what are you all complaining about then?...
American capitalism and the U.S. dollar are not the only American entities headed for displacement or extinction; so is the role of the U.S. male.
Already, the gender glass ceiling has been shattered. Pressures from the outsourcing of America’s manufacturing base and high end engineering, research and development jobs along with importation of cheaper labor for male-dominated jobs, coupled with political correctness and anti-family prejudices, are putting women into America’s driver’s seat.
At the same time, the outsourcing along with the influx of cheaper labor for male-dominated professional and construction jobs because of Congress’ H-1b and open-border programs will continue to diminish the American male’s raison d’etre.
BLS figures hot off the press for 2009 show that “almost 40 percent of U.S. working wives now out-earn their husbands.” These stats appear in Liza Mundy’s new book - “The Richer Sex – How the New Majority of Female Breadwinners Is Transforming Sex, Love and Family.” – stats slipped to her by a BLS economist before they were officially published.
That figure has been rising a steady 1 percent or so every year since 1987 (when Goldman was busy with its global acquisitions and mergers) which means that today that figure is probably 43 percent or above.
In addition, by 2050, at the present rate there will be 140 college-educated women in the U.S. for every 100 similar men.
Here is more on the changing demographics of America’s workforce from “Fact Sheet 2010: Professional Women Vital Statistics” from The Department for Professional Employees, AFL-CIO.
Between 1997 and 2008, almost 60% of women worked.
Women make up the majority (57.5% and 57.2%, respectively) of professional and related occupations and service occupations, the occupations expected to grow most rapidly (16.8% and 13.8%, respectively) from 2008–18.
Women have been earning more bachelor’s degrees than men since 1982 and they have been earning more master’s degrees than men since 1981. They are projected to earn 59% of all postsecondary degrees conferred in 2008.
Women are projected to earn 52% of professional degrees conferred in 2008–09, up from 2.6% in 1961.
Women are projected to earn 52.7% of all doctoral degrees in 2008–09, while in 1961 they earned only 10.5% of all doctoral degrees.
The proportion of women in medical school increased from 5.8% in the academic year 1960–61 to almost 49% in the academic year 2007–08.
Between academic years 1959–60 and 2005–06, the percentage of degrees in dentistry earned by women increased from 0.8% to 44.5%.
In 2009, 92% of registered nurses, 81.9% of all elementary and middle school teachers, and 97.8% of all preschool and kindergarten teachers were women.
In comparison, only 7.1% of all civil engineers, 9.4% of electrical and electronics engineers, and 10% of all aerospace engineers were female.
The percentage of technical writers who were female increased from 36% to 50.4% between 1985 and 2009.
Women pharmacists increased from 30% in 1985 to 49.3% in 2009.
The percentage of female chemists increased from 11% in 1985 to 30% in 2009.
In 2008, women accounted for 32.4% of all lawyers, 32.2% of all physicians and surgeons, and 68.8% of all psychologists.
http://www.pay-equity.org/PDFs/ProfWomen.pdf
It's about time those wimmin started doing some real work around here. Now us guys can take some time off to raise the kids and play poker during the day!
“A man’s idée in a card game is war – crool, devastatin’ and pitiless. A lady’s idée iv it is a combination iv larceny, embezzlement an’ burglary.” – Finley Peter Dunne
Off to the pussification camps for all mens ! Hope the wimmins enjoy crawling in a foxhole ! It's good for character.
Right.
But what good is it if they don't get football?
My girlfriend Georgia Smith got football perfectly; "young men in spandex pants; what's not to like?"-- I don't find it interesting personally.
hell hath no fury...http://cryptome.org/2012-info/femen-putin/femen-putin.htm
Well, I say fuck em !!!
Exactly how is political correctness and "anti-family" prejudice contributing to this problem?
Twenty years ago when a 40 year old women was left by her husband with their 2 children, her standard of living went down 73% and his went up by about 25%.
Now women being adaptive creatures, like all animals, perhaps, just perhaps, decided they could hedge against the risk of divorce, spousal job loss, inflation etc, and get educated and employeed.
Now men being adaptive creatures could of course decide to do the same things. If traditionally male orientated jobs are disappearing, then they could go to school and get the education necessary for jobs of the future.
The universities I went to were competitive. There were no "special" spots for the girls at law school.Of course 50 years schoold like Yale did reserve FIVE whole spots for GIRLS. Oddly when spots for law schools became gender blind, women took and take over 50% of them.
Now, were you might want to conduct further reserach is the way public schools (particularily grades 1-6), in the last 20 years, have created a learning atmosphere conducive to female children to the determint of male children. In my opinion this is a valid issue. School curriculum, created by female heavy school boards, and adminstered by mostly females. Boys getting labelled early on as "trouble makers" because at 7 years old they can't sit still for long periods of time, setting up scenarios whereby they they don't have successful school careers. The effect of this we see at the post secondary education level, which girls seem to be succeding at in greater numbers than boys.
Graduation rates, from high school,for white females in the US are about 79% vs 74% for white males. At college the divergence is larger, 55% for white females vs. 45% for white males. I think is is important to examine exactly why this variance is occuring and what the consequences of this variance is going forward.
Finally, in a "family unit" sometimes decisions are made whereyby the higher earning parent works and the lower earning parent stays home with the kids. Why would you assume that the male parent is any less qualified than the female parent to stay home with the children? The role of the male in the US is NOT becoming extinct, it is just evolving.
The critical point here is that the nation is faced with extremely serious unemployment for young men. And the trends outlined in my comments indicate that not only will this crisis not be relieved but the situation for young men will get considerably worse very fast.
It would be one thing, of course, if we were dealing with the true freedom of men and women to choose their vocations and futures themselves, such as that of men going back to school to “get the education necessary for jobs of the future .” The fact is, men are not free to choose in an environment where the government and its lobbyists make the decisions for them. You are mistaken that women are using their adaptiveness while young men are not; it’s the government and multinationals working in tandem with their paid politicians that are being “adaptive” while fulfilling their scheme for Nelson Aldrich Rockefeller “new world order.” Part of that well-known formula to produce “Oriental despotism,” of course, is the breakdown of family life and the institution of marriage in America. How better then, to destroy America's primary strength - the white male.
To answer your question, the three areas where the government forces young men into unemployment are 1) women taking over office jobs of all kinds – clerical, real estate, retail – while overflowing into and taking over the men’s jobs; 2) immigration, legal and illegal, in order to cut down on the salaries of jobs that men without college normally hold – construction, road work, landscaping, plumbing, electrical, drywall, masonry, painting, structural framing, garbage collection, truck driving; and 3) attacks on young men with college degrees coming from H-1B foreign workers who come in at lower salaries with no fringe benefits or retirement.
Yet, when the nation wants to go to war, it is these young men it drafts; and they are forced to fight, forced to kill, for the oligarchs’ riches and power.
It is this use of other people by globalists such as Goldman Sachs for their own tyrannical benefits that is destroying America’s great standard of living, ultimately, for both males and females. Our fathers left Europe to escape these tyrants and they have followed us.
Thanks, Lizzie, for the explanations regarding young boys in the public schools; I’ve seen much of the material, including "Why Boys Fail” by James Whitmire, and I could not agree more.
It will crash in the next few years. The majority of female office workers produce jack shit. Shove papers from one desk to another.
Female lawyers? I knew more than my female divorce attorney after studing the divorce law during lunch break at the library for a week.
Women do well at our indoctrination academies known as universities because they are good at memorizing and vomiting back what they were told. As them to actually think logically and come up with a solution, and you get the deer in the headlight look.
A chart of the deline of the USA equals the increasing political power of the female voter in the USA. They vote on feelings, not logic.
When a 30 year old professional agitator says birth control costs $3,000 a year, the majority of women defend her, yet they pay $4 to $9 a month for their own BC. When we have people this stupid and easily manipulated voting in America, there is no hope.
I am shocked that your wife divorced you.
Actually more shocking is that she married you to begin with.
Don't argue with your wife, DICKER !
Is there a majority of US citizen majority conception in the post or ?
It is quite hard to figure as US citizens have no issue telling that less than 50pc is a majority when it comes to dual division.
Beside, US citizenism has really upped the condition of a certain male segment.
if this was Squawk Box, the producer would have Becky Quick interrupt with breaking news, something along the line of Kim Kardashian latest purchase
Somebody bought Kim again? Isn't she getting past her sell-by date?
The most important word in that interview was
unprecedentedHas anyone seen the ISDA publication last night/early this morning, just being reported in FT, regarding likely CDS triggers?
https://www.documentcloud.org/documents/323865-statement-on-greek-obligations-3-7-2012.html
Jim Grant is an absolute star.
There is nothing especially virtuous about capitalism or the bow tie daddies now enshrining it in such a belated hagiography. Capitalism actually gave birth and continues to give birth to socialism, its evil twin. Lev Davidovitch Bronstein and Bolshevism were financed to the tune of $20,000,000 by Paul Warburg.The orthodox seminarian Dzuhugasvili, the pawn of the Rockefellers and Standard Oil, acted in concert with his socialist counterpart Franklin Delano Rosenfeld to create the nightmare of Soviet communism throughout what was to become the Eastern Bloc. Obamanism is but the latest incarnation of a long standing capitalist/socialist blueprint devised by the English speaking occultists to control and enslave the world. They both emanate from the same lurking hole of manifest evil. Jim Grant is an apologist dweeb and ZH is sometimes a mouthpiece for idiots.
yes ... but what would you have instead?
yes ... but what would you have instead?
_____________________________________________
Useless to ask. Any project requires means.
US citizenism went up and seized control of the age of abundancy.
Anything coming after US citizenism will have much more means on the hands to perform anything.
So as US citizens can only comprehend an alternative through relative gains (id est the alternative should benefit them more than US citizenism), the question is only rhetorics.
Because what could be better for US citizens than US citizenism?
And here we go again. Boring cunt.
There are many facets to free markets and capitalism, but the control of governments and the tyranny of international financiers like that of the Rothschilds’ is not one of them.
According to Market Trends Research last month, “The Rothschilds control the Bank of England, the Federal Reserve, the European Central Bank, the IMF, the World Bank and the Bank of International Settlements. Also they own most of the gold in the world as well as the London Gold Exchange, which sets the price of gold every day. It is said the family owns over half the wealth of the planet—estimated by Credit Suisse to be $231 trillion—and is controlled by Evelyn de Rothschild, the current head of the family."
Says Pete Papaherakles, “As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to its U.S., British and Israeli counterparts…
“Some researchers are pointing out that Iran is one of only three countries left in the world whose central bank is not under Rothschild control. Before 9-11 there were reportedly seven: Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea and Iran. By 2003, however, Afghanistan and Iraq were swallowed up by the Rothschild octopus, and by 2011 Sudan and Libya were also gone. In Libya, a Rothschild bank was established in Benghazi while the country was still at war.”
http://www.moneytrendsresearch.com/rothschild-wants-irans-banks/
Axis of Evelyn?
Doesn't look that way:
World gold holdings World gold holdings (2008) (Source: World Gold Council)[20] Holding Percentage Jewelry 52% Central banks 18% Investment (bars, coins) 16% Industrial 12% Unaccounted 2%http://en.wikipedia.org/wiki/Gold_reserve
Based on what?
Now, lets assume that the report is factual, in what way is this situation unnatural to US citizenism?
Without explaining this, well, it is against national favourite US citizen sport, kicking the can.
You're a towel.
There is nothing especially virtuous about capitalism
freedom from coercion, liberty both virtuous imho
Capitalism actually gave birth and continues to give birth to socialism
who are you marx?
true
true more marx factoids
true
umm
Jim Grant is an apologist dweeb and ZH is sometimes a mouthpiece for idiots.
no did not apologize for sum unknown, yes he is a nerd (and cool), so are you saying here that you dislike one or more of the contributors as this is the only way the word mouthpiece works, let me guess....is it Phoenix?
...
brosephine ru serious?
If you like ZH even "sometimes," and you are still here, go read about the calculation problem while you listen to Deflation and Liberty, then listen 6 more times!!!!!!1! Read and buy The Politically Incorrect Guide to Capitalism k
@ ludwig con "if you like ZH even "sometimes," and you are still here".. actually two years eight weeks and counting. thanks for the lecture. hang around a bit you might learn something yourself.
There is nothing especially virtuous about capitalism
freedom from coercion, liberty both virtuous imho
________________________________________________
Freedom from coercion? Nothing less.
Impressive.
Maria, not a bad interview. We all act differently when we have the feeling that our piggy bank is going to be looted again. Grant is right, time to restore Capitalism.
"--our piggy bank is going to be looted again, further, more, in addition to, ad nauseum."
I like Jim Grant. It would be a shame if the satanists did him any harm. He will probably be safe as long as they figure that he is not challenging their power directly.
Yes, I am surprised that he was allowed to speak his mind on CNBC. Maybe the powers that be figire:
a) they will have more viewership if they occasionally allow a bit of the truth to come out (hide the truth amongst the lies)
b) they believe confusion, conflict and turmoil serve their purposes at least as well as maintaining absolute control... and ultimately maybe better.
demons, demons burning bright ...
In the forest of the night ...
What eternal hand or eye framed thy fearful symmetry.
- Blake
It is vogue everyone speaks about printing press of FED. The money stays at the banks, banks are not lending therefor no inflation. Again one more bear "Star" gloom, boom and doom.
AKA Japan.
those at the controls selectively choose the history that fits their design
Last week Geithner was arrested and released!
Not my title. Youtube. Judge Napolitano talks with some Fox news dope on AIG, CDS, and the Goldman Sachs.
Troubling that there is so little debate, the critics are just ignored and derided
I guess Jim didn't get the memo about monetary policy as a weapon of mass destruction.
nuclear weapons are sooooooooooo yesterday.
central planers even plan my weather for me.
FUCKM OFF YOU CHEMTRAIL SPRAYING COCK SUCKERS...
.......CRASH AND BURN BABY...CRASH AND BURN...
But do we really want capitalism? In my view, capitalism leads to Big Government...any economic system which puts profits as the primary goal is flawed. The primary goal of a rational economy - in fact, the rational goal of any human activity - is to ensure that two people, a mother and a father, can raise their family with as little interference as possible from outside sources. The reason for ths is simple: if people don't form families, have children and raise them up to be civilized, then our civilization dies (check what is happening in Europe, demographically and otherwise, for proof of this). Capitalism can do a lot of things - even increase overall wealth, but if it is allowed to go on and on, then it ends in disaster (ie, where we are today).
Way back when, the United States had a free market - just about anyone with any grit and determination could enter the market and compete. With a lot of hard work and a bit of luck, a person could do quite well. As time went on, the people who entered the free market and got rich started to seek ways and means of protecting themselves against later entrants in to the market - first via trusts, later via government regulation which placed an undue burden on new participants. Big Government and Big Corporation are tightly bound - and though Big Government came later, it didn't come much later. It was only 20-25 years after the first very large trusts were created that Big Corporation thought up the Federal Reserve, after all (does anyone out there think that the creation of the Federal Reserve was a demand of the population?). The hideous mess of crony captialism we have today is the long term result - as is the debt slavery and impending economic collapse (it also led to our moral collapse as a desperate desire for profits uber alles led to both government and corporations breaking down moral codes in order to have ever more crap to sell to people on credit).
There is nothing wrong with profit, of course. In fact, profit is an absolute requirement for economic activity. If we don't produce a surplus (a profit, that is) we can't live, because except in bizarre (and every imporverished) circumstances, a single human being cannot live (and, of course, by himself he can't continue beyond his own life span). The problem comes in when profits become central...and, worse, when ever increasing profits become a requirement for the leaders of the corporate world to make gigantic paychecks. Rather than working out ways and means of providing high quality goods and services as the lowest possible price the whole outlook becomes one of how to make the next quarter's profits increase...and so whole communities get economically wiped out because some business school grad idiot works it out that you can make 0.1% more profit by moving the farm/factory/mine from Ohio to Shanghai.
And, so, the best means of setting up a functioning economy with a free market and in keeping with the essential need of the economy (ie, allowing families to live), a Distributist model is best. First and foremost, Big Government has to go - but along with that, we must break up the larger corporations and try to spread the ownership of economic activity as far as possible among average, everyday folks who actually work for a living (sorry, liberlas, but having government in charge doesn't mean the people own it - it means a few corrupt buraucrats own it, and use it as they wish). Think of it like this - if we had a "small dozen" automakers rather than a "Big Three" monstrosity, we likely would make more cars, better, for a lower price and if they did screw the pooch even if someone wanted to bail them out, the cost wouldn't have been near as much.
No, capitalism does not lead to big government. Fascism and Socialism lead to big government. Eventually, fascism will destroy all the things you hold dear because it will misallocate resources and everyone will suffer (food and energy not allocated by market forces, but by coercive forces leads to death and war).
My position, though, is that when you allow corporations to grow too large they will inevitibably seek to protect themselves not by means of providing the best product, but of restricting access to the market. This is just in the nature of things - those who have (a) want to keep it and (b) would prefer if they didn't have to work hard to keep it (yes, some people are just honorable no matter what position they're in...but riches, especially, tend to breed the worst sorts of attitudes and behaviours - and the more so the longer a person has riches and the larger the amount of riches he has). Property ownership is a moral imperitive - and property ownership must be as widespread as possible; as far as possible, a person must own the means whereby he earns his living...and if he can't individually own it, he must still have an ownership interest in his place of employment...and you can't get to this with gigantic corporations run by people who (a) have never really worked in their lives and (b) haven't the foggiest notion of the day-to-day activities which produce the wealth which generates their overwhelming paychecks. Smaller is better - smaller government, smaller corporation. It is the only way, really, that we, the people, can live.
Some fair points. I guess I just object to calling the current state we are in "capitalism" and I object to your original notion that capitalism always leads to this state of central planning and crony capitalism/corporatism.
I understand - given all the socialist, fascist, communist, progressive claptrap we've endured this past century and how all of them uniformly condemn "capitalism", it is an automatic response to say "well, if they hate capitalism, then I must like it". Of course, what all of them really oppose is not so much capitalism as freedom and the underpinning of freedom, private property. I admit to being a bit of a property-rights extremist...I want a constitutional amendment banning property taxes (at least on personal and family property), and that is why I slowly moved over from being a defender of captialism to and advocate for Distributism. As was once upon a time said, the problem of captialism isn't too many capitalists, but too few...Distributism would create vastly more capitalists, all in free competition or coopration (as they see fit) with each other in an economy geared towards normal, human life.
Basically, you are talking about micro and local economies, right? Absence of monopoly? I have really been thinking lately how much better off we would be if things were as local as possible, especially banking. Centralized ANYTHING is a recipe for disaster. But the American people, individually, have to make this happen as often as possible. Infrastructure grids, such as power, pose a real problem for the local consumer to avoid. But things like food and other daily items can and should be as locally purchased as possible.....except for the Madagascar vanilla that I use in baking....no substitute for THAT!
Pretty much - though I guess I should also admit that, as a Catholic, I am heavily influenced by the Catholic teaching on what is called "subsidiarity": to nutshell, as far as possible all decisions must be made at the lowest level possible, with the higher authority only intervening when absolutely necessary (usually on in an emergency, or when a locality proves itself incapable of securing justice). Smaller is better - I would even, had I the magical power to do so, break up our States in to smaller entities. After all, here in my Nevada, what possible community of interests are there between the glitz and glamour of Las Vegas and the farming, ranching and mining of Winnemucca? This is especially true as the dead-broke governments of southern Nevada start eyeing the mining interests of northern Nevada as a source of revenue to be wasted on southern Nevada government (gold going sky high has prodcued a booming economy in parts of otherwise economically dead Nevada). California should be broken up in to four States (once again, what has Fresno really got to do with San Francisco?); Texas in to two or three States; New York in two; Illinois in two, etc, etc etc,..on the local level, some of our larger cities should be broken up and pretty much every urban school district needs to be shattered in to little, tiny pieces. All of this to allow the people to have more direct, immediate influence on government.
But if we do break up the government in to smaller entities, we daren't allow gigantic corporations to continue - I don't know preceisely how I'd do this. The simplest way is to just tax in to destuction any corporation which gets above X% of total GDP (with the actual result being that such corporations would spin off parts of themselves to stay below the level) - this way corporations can never become outsized in relation to the total economy (no more "too big to fail" enterprises). But I also realize that is fraught with risks of government deciding to play with the tax rate in order to punish corporations which don't dance to the political tune. A method can be found - and it may prove enough if we just eliminate punishing regulations which must make it not worth while to enter the market.
I guess all of this would require a revolution in thought and education, and a society of individuals who actually care. You mentioned one thing that is CRUCIAL in order to survive: the breakup of the "education" system. This has probably been one of the most lethal blows to our country...simply training/indoctrination camps for obedient slaves. The education agenda is so evil and dangerous that most people know not of its true purpose. Ron Paul is right in his thinking that we must eradicate 5 federal departments. I would go even further! So here is my very basic plan:
Maybe the corporations would not be a problem if they did not have access to fiat currency and benefit from fractional reserve lending. Growth would be inhibited, but what there would be would be TRUE growth! Americans would have to scale back their "appetites", but this would be good for the character of the country collectively.
In summary, return most of the power to the States, and then let each state divide smaller if they think it is necessary.
Smaller is better, for sure, but the trick is getting the toothpaste back in the tube that is the challenge!
Here is an interesting article regarding the constraint of corporations:
http://www.infowars.com/state-power-can-hold-corporate-monopolies-accoun...
Yes, indeed, on the term limits - some times I even consider going to the old Roman Republic version - not only can you not seek re-election to your current office, but you can't seek a different elective office until 5 years after you leave office. That is a bit extreme - but as long as the Romans held to that, tyranny was kept at bay, even though from time to time they actually appointed out-right dictators in time of emergency! But, some sort of limits there should be - I figure two Senate terms and three House terms is sufficient.
The rest of what you say is necessary, in one form or another - and you are correct that it would take a revolution in thinking. But, that is the task...I'm just a very small pebble, but I do hope to write a book which might start something rolling.
Smelling once again the fabled past.
The US of A state government once put into historical context has always been as big as it could have been.
First use the law to protect individual rights first, property rights and contracts.
Not for protection of supposed rights, corporate rights and right to war.
Property rights first and foremost...but, remember, property rights means the ability to obtain property...have to ensure that any regulation is actually designed for the good of the general public and not just some bit of buraeucratic nonsense designed to protect those already there.
Standard Oil was broken up because of it's bad habit of lowering prices.
Free markets is what we want and what we had once upon a time. Free markets do not put profits first, they put easing of one's burdens first.
In a world of large corporations, though, profits come first - which is why people so eagerly follow reports of profits rather than necessarily being concerned whether or not a company is making a good product.
And in real-dollar terms, the price of oil was flat from 1920 (when substanital numbers of average people started driving) until the late 1960's. Standard Oil had nothing to do with that.
the whole bitching about USA auto industry forgets the runaway prices in health care due to insurance and pharma - that corruption led the domino effect fuckin up all labor agreements
and add the dollar's demise and you have a nuke on the whole equation
So if you're some sort of "property rights extremist" how would actually break up these Big Corporations without Big government? That's obviously property that someone else owns. They may even worked hard for their money to put into their retirement fund that owns shares in that coporation.
And once you've (re)distributed someone else's property, are you going to allow them to freely decide how they want to use that property, including exchanging it with other people who amass large sums of like property in turn? Purhaps over time these other people who amass these large sums of property (sometimes called wealth) store it somewhere and allow it to be loaned out to other hard working people so that they can provide for their family (THE CENTRAL IMPORTANCE OF THE ECONOMY!!!). Will you (re)distribute it again at that point?
That is the difficult part of the whole Distributist project - how to break them up without cheating people who honestly invested in the firms. As I said elsewhere in this thread, I haven't figured out a neat and simple way to do that and there may not be such. But I believe it must be done, and that a way can be found. Of course, the death of Big Corporation might come soon, perforce - as the global economy tanks all large enterprises will be under extreme pressure and even Bernanke can't bail them all out, forever.
If one understands that corporations are a product of law and government and that they cannot continue to exist without the full support of the government that granted their existence, then the path to their dismantling becomes clear, revoke the corporation's state granted protections of corporate personhood.
Another thing: Capitalism is not an Economic System, it is but one aspect of a Market Economy. The U.S. economy used to be a Free Enterprise, Market Economy consisting primarily of sustainable, localized production and entrepreneurial endeavors, until the government sanctioned, Corporate Sharecroppers overran it.
But do we really want capitalism? In my view, capitalism leads to Big Government...any economic system which puts profits as the primary goal is flawed. The primary goal of a rational economy - in fact, the rational goal of any human activity - is to ensure that two people, a mother and a father, can raise their family with as little interference as possible from outside sources.
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Grant also said-the money supply needs to be based on a standard-
That is the key to keeping governments and bankers in check and also it allows families the opportunity to build wealth from savings and to keep prices in line-it gives people the power to control their own country and relegates governments to a position of upholding the rule of law for sole protection of a society-
When people have property rights which a money standard (gold) insures then all that's needed after that-is to let the free market work-
Sound money is vital - gold and silver is best.
When people have property rights which a money standard (gold) insures then all that's needed after that-is to let the free market work-
____________________________________________________
Waooooooo. US citizenism is really about submission.
I really have to investigate if through cultural indoctrination, one can achieve that kind of results.
It has to have an underlying genetical dimension which explains that kind of capacity to deny the most straightforward reality facets.
Ummmm, well, I guess you have to register that kind of statement with that US citizen hockey hero, for whom the US government has grown big even to steal only lately. Cause the man missed the entire US of A history when they stole a continent but hey, who cares about minor details?
Central planning cartels historically implode.
Jim Grant keeps it real.
Get over it, capitalism has never been a market economy, but a ripp off for the 99%. Real market economy would make the 1% disappear, so this will never happen.
Gold is money and silver is money. Paper is not money. Promises to pay in money is not money. If you don't have gold and/or silver, you don't have money. This entire system is a huge lie. Anybody convinced otherwise is stupid or part of the scam.
I think I'm just pissed because I watched 5 min of TV.
Best interview of the year!
Jim is a gem!
Grant: ...and not at the whim and discretion of a bunch of Manchurians sitting around Washington DC.
Fixed it for ya, Jim!
He should have replied...'Capitalism...as opposed to Crony Capitalism and Corporatism"
Really? And what is that other capitalism?
Butterfly capitalism, mole capitalism... You can generate a lot of combos.
It does not mean they cover something real.
The interesting aspect of this vid, to me, is that it was on CNBC, mainstream media. In the plutocracy, it is unusual to see plutocratic mouthpieces cast aspersions upon the plutocratic golden goose. Surprising. And Maria may have gone a step too far when she suggested that the Fed was anti-capitalistic. I'd bet she gets scolded.
When mellon head started jammering and blabbering at the 7:45 mark to try to get a jab in there I threw up in my mouth a lil.
with the value of money deteriorating, what will the wealthy trade theirs for..??
Land..??
Gold..??
Bahamian islands..??
The Barclay brothers have their fortress on a small channel island.
I would say they made a wise investment...
I'd trade mine for a villa on corfu.
Kelly Evans: Faber College '04, Valedictorian, PHD Electrolysis.
Benny wants Barry re-elected. It is evident because a Rep or RP would not re-appoint him and MIGHT - a very slight might - allow the market to work as Grant cited in the Harding Depression of 1921.
Today's action proves it!
When America’s central planning finally reaches the Soviet model, where will it receive its capitalistic help? Stalin’s central planning couldn’t even have operated a month without assistance from capitalistic economies.
Charles W. Thayer wrote in 1960 in the book “Russia”: “Stalin was able to take advantage of the technical advances already achieved by the developed countries of the West, and in the 1920s and 1930s hundreds of engineers from Europe and America went to Russia, bringing with them the latest industrial techniques of the West.
“In 1932 Colonel Hugh Cooper, an American, built Russia’s first big modern hydroelectric plant, on the Dnieper. Engineers from a number of American automobile companies were hired to teach the Soviet auto industry how to use modern mass production techniques.
"Years later, during and right after World War II, the United States sent large quanities of machine tools and equipment to bolster Russia’s war industries. Although Director Krylov does not like to admit it, more than half the machine tools in his ZIL plant are from this source and reveal their American origin with the words ‘Erie,’ ‘Cincinnati’ or ‘Gleason.’”
Ah, central planning, be it Stalin's or Bernanke's.
Wrote Thayer: Among the biggest problems which faced Stalin was that of obtaining skilled labor. As factories mushroomed in the 1930s, hundreds of thousands of peasants were recruited from the villages to man the new machines. As they were poorly educated and inexperienced, their productivity was well below that of western workers. Large numbers of women were recruited and often assigned the heaviest and most distasteful forms of labor. In fact to this day (1960) Soviet women enjoy a near-monopoly in the field of road-building and street-cleaning.” China, anyone?
Stalin ushered in his notorious era of purge and terror in the mid-1930s with its shortages of goods and complete lack of others and total lack of services Americans then took for granted with the slogan: “Life is better, comrades, life is gayer
Yeah, I think Lenin said having a private central bank was 1/2 way to communism. Of course, that implies that somewhere a private bank is available for finance. This is going to end badly, but there is a chance we can rebuild.
Looking to make my first purchase of physical silver, can ZH'rs please point me in the right direction?
NO sarc, and thanks!
See www.gainesvillecoins.com...they'll throw in the leaky canoe for free! (um, yeah. Canoe not included, sorry)
California Numismatic Investments - http://www.golddealer.com/bullionpage.html - often best prices
APMEX.com - good selection of specific coins and dates, fast shipping, bit more expensive
Nothwest Territorial Mint - http://bullion.nwtmint.com/ - unique products (e.g. Stagecoach Silver) but slow shipping if paying by check.
For smaller purchases, find a reliable local dealer. Mine is 3$ over spot on silver dollars, for example. Good hunting.
thanks for the advice...
Provident Metals, lowest premiums of the reliable small purchase places, rules clearly stated.
Pay by check the cheapest, but you will wait for at least 6 business days for it to clear after they get it.
Compare total prices, I have, did and do, most of my purchases are from there. Total means end price after all charges including shipping. I recheck on every purchase. Provident have yet to do me wrong. Occasionaly APMEX may have a special that is cheaper than Provident even with higher shipping, so keep your eyes open.
If you want to make a big boy purchase, there is but one good place: The Tuvling Company.
Northwest metals? Famous for delaying shipment for months, many BBB complaints, prices are not that good either.
Sunshine mint is ok, if you buy the house brand bars or rounds, the price is fixed with no surcharge for credit cards. However, it's no great bargain either, average at best.
Maria so out of her league with Jim Grant. Go back to blowing Citibankers, it's more becoming of you
Law professor: U.S. in state of perpetual war
http://www.rawstory.com/rs/2012/03/07/law-professor-u-s-in-state-of-perp...
what can you say dead on
Whoa, how did CNBS allow that to air? Does Homeland Security hear what he is saying? Capitalism, sound money, gold backed bonds? Jeepers this guy could be a terrorist!
Grant's Interest Rate Observer is a must read.
What that a joke? socialize losses ... Sanders ??/
Tyler's got a pretty big heart, huh, grey bag?
'Cuz if it were me, I'd go all fascist and throw the baby out with the bathwater.
Your posts = shit. Always have, always will.
/still long JPM
http://www.youtube.com/watch?v=zJl0pe-DWy8
Anyone else think Kelly looks like
Molly Ringwald from the breakfast club grew up? Bom chicka wah wah
Ron Paul for president
he will change things peacefuly
Agreed with everything he says, except with going back to a gold standard.
Mind you, his heart's in the right place about reintroducing a gold standard, but guys, that's not going to happen. We all knoiw that.
Shame he had to even bring the odea up in a way, as it tends to minimize all the other stuff he was 100% right about. Smart guy.
Mind you, his heart's in the right place about reintroducing a gold standard, but guys, that's not going to happen. We all knoiw that.
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I don't know that and neither do you-
Never underestimate the abilty of sheeple to want to reboot the current system, its all about preserving power and priviledge regardless of the system of government.
that kelly creature is hot albeit dumb
I can't believe he wasn't cut off for saying what he thought. Did he slip by someone? The propaganda team must have been asleep.
This guy kicks butt. Never heard of him before now.
Grant is more right than he knows, for Europe does NOT have "capitalism" as its economic system. The Treaty of Lisbon [1] states that the economic system in the countries its covers is called a social market economy [2].
Social Market Economy is best defined as "the most socialism they can afford without destroying the economy". I think it like what China has, without the parasitic graft. In other words, business is free to conduct its affairs below a certain level as long as the business does not threaten the poltiical status quo. Above a certain level, the government class must give its blessings, because it reserves the right to choose winners and losers.
The common factor is the attitude that rights come from government, including the rigth to own and control your own property and money. Followers of Keynes will of course laugh at this because Keynes' economic theory is based on the idea that government has the power to set the value of money and indeed that it claims ownership of the assets and income of all citizens. Thus, for the common good, it is free to manipulate the value of money.
[1] http://europa.eu/lisbon_treaty/full_text/index_en.htm
[2] http://en.wikipedia.org/wiki/Social_market_economy
ah, ah, excellent thread. It grows better and better.
Because US citizens report what they do on paper?
Ummmm, let me see.
Where could one find the idea of freedom being an unalienable right of human beings? Ummm, maybe, the declaration of independence? Dunno.
So one guesses the US of A started as slavery free country, right, because US citizens put what they do on paper, right?
US citizenism is all about submission.
Submit, submit, submit, submit.
Still a boring cunt.
Kelly reminded me of the girlfriend on Big Bang Theory. In Way over her head.
I've seen this guy before somewhere. Got the Harvard bowtie. Without the Harvard attitude. I could feel a lot of hate from the system toward this guy and what he was saying. Just sayin'.
I don't think most people care if its communism, capitalism or socialism as long as they have a decent paying job, good hospitals, education, affordable housing, peace,a viable pension plan and the freedom to express any point of view without fear of prosecution.
True -and you only get those things if you have honest government , with honest people, who for the most part serve the interests of their constituents -or if they don't , a reasonably intelligent, informed, moral electorate that will punsh the crooks by voting them out if they do not do their job. Today we have neither. We are screwed;thus our destiny is to be ruled by despots -in bondage --as serfs in a glorified hight tech feudal system-- and an orwellian matrix where the people live in ignorant bliss or in destitute poverty and suffering -trained like Pavlov's dogs to react in conditioned response to every directive of our masters.
No analyst alive could have given me greater assurance that my decision to buy JPM was the right one. Tnx buddy!
Investor Alert: Private sector investors have until 3 p.m. Eastern time to decide on participation in the Greek debt relief deal, and if fewer than 75 percent agree, the country could head towards a default that ultimately could trigger credit default swaps.
http://investmentwatchblog.com/investor-alert-private-sector-investors-have-until-3-p-m-eastern-time-to-decide-on-participation-in-the-greek-debt-relief-deal-and-if-fewer-than-75-percent-agree-the-country-could-head-towards-a-d/#.T1gbr1xSTDM
Fucking bow ties are the shit!!
Capitalism is bound to fail if the basic physics of thermodynamics apply. There is no capital produced when a good is created and sold for a profit. So-called profit, upon which capital is built, is actually a byproduct of production/extraction. As such, in a functioning and self sustaining system (where thermodynamics work), the profit (byproduct) is returned as a reinvestment in the products sustainability.
Capitalism is false because there is no Free Lunch. Eventually the profits upon which capital creation are based, wind down. In the end, (which we are quickly approaching) all 'excess value' that has been extracted as profit, eventually destroys itself (and us) by consuming everything and externalizing the cost. Capitalism by its nature, is one huge Ponzi scheme.
I think people like chumbawamba and Yardfarmer are some the some of the smartest people ever to grace the comments section of this site. They seem to be men of principle to boot. It's nice to see some voices worth listening to comment here.
Then I read your comment, cannot process it, and wonder:
-how many different women has Jim Grant been with?
-how many different men has Maria Bartiromo been with?
-who is going to win Celebrity Apprentice?
Yup these things are stupid, not unlike your post. Maybe the relevant question is: are you standing for delivery or not? 'Cuz otherwise your comment is just more meaningless words.
Call it what you will, I call it a criminal conspiracy. The Joo Federal Reserve makes the Mafia look like 5th graders stealing the milk money. They don't even waste money on ink and printing pressess, they just email numbers to each other. If it wasn't so tragic, and so many millions of lives lost and destroyed by these banksters, it would be a good laugh.
It will never happen, but they should all be hanging by their necks from streetlights in New York, the City of London, Washington D C, Jerusalem, Brussells, and Paris. I give Berlin a pass for old times sake.
Why you so ruthlessly disturb Zealot Herd's peace?
Be quiet and repeat for yourself: Energy and sustainability don't matter, gold is the solution, free markets will save us, capitalism is not utopia.
It will come true if you believe hard enough.
Who is Zealot Herd? Ok I get it.
Brilliant avatar, BTW.
To your point re: Zealot Herd - if you ain't taking physical delivery, but instead just delivering internet comments, then those of us long JPM should feel good about things.
The true believers should prove us wrong! Take delivery spacemonkeys.
I been taking phyical delivery, this place is infested with werewolves lately.
Capitalism has been around for thousands of years. Marxism makes things worse, then collapses. Owebama is proving it once again with 30%+ black unemployment. You must be a racist who wants to pleasure yourself watching the poverty numbers go higher.
Marxism is a Ponzi scheme where nobody goes to jail only because they kill people who complain. Try saying that out loud (with conviction) at your next meeting with your "enlightened" fellow travelers and then get back to us on the half-life of free speech around a bunch of marxists.
"Marxism never sleeps... so neither shall I." -- Soviet Gulag inmate
It only shows that a Ponzi can go a long run.
This stated, competition does exist. And with competition, certain consequences.
So...
Hooray! You branched out. I thought that one thought in that closed circuiit brain of yours would never find a friend.
As such, in a functioning and self sustaining system (where thermodynamics work), the profit (byproduct) is returned as a reinvestment in the products sustainability.
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Profits are one thing, and one should not forget to factor in debt in the recipe.
"The essentially hyperbolic explosion in government CONTROL - of both markets and lives - and PROPAGANDA has never been stronger, and even most junior high schoolers must realize the system is on its last legs. Since the world's Central Banks printed TRILLIONS of fiat currency units in response to Global Meltdown II last summer, the financial system's condition has grown dramatically worse, in terms of economic activity, debt accumulation, and political strife. Thus, I have NO DOUBT the frayed edges are about to tear through, it's just a matter of when." -- Ranting Andy Hoffman (milesfranklin.com)
If you want to see the future, just click on link below and hit calendar tab. Follow the eight socially engineered upcoming programmed events. Ask yourself, who is programming me to behave in a way TV told me to behave?
http://ec.europa.eu/europe2020/index_en.htm
Look up Galileo satellites and new Internet upgrades in EU. Your being sold on EU currency collapse, while they’re asking for a bailout to fund a laundry list of new infrastructure, including UN mandated environmental measures. Your left to believe, the Euro will become defunct based on a three card Ponzi arrangements. I still believe Europe will fail, just wish to point out premeditated Central Planners motives.
Mother nature may take care of the Bernank's digital printing press. Or even better the war machine.
http://m.yahoo.com/w/news_america/solar-storm-headed-toward-earth-may-di...
Did I just hear Jim Grant say "the Fed is a piker compared to the ECB" ?!?!?!?!?
Yep. You heard it. On the official state television.
Yep, lovely!
grant is begging for a dose of ndaa. the truth is terrorism.