Do not pass Go. Just wait for your government check. Or
go directly to jail. And wait for your government check.
So the other day this guy positions himself as a prophet of the collapse to come. I’m okay with that. He’s right.
Martin Armstrong Warns Civil Unrest Is Rising Everywhere: “This Won’t End Pretty”
The greatest problem we have is misinformation. People simply do not comprehend why and how the economic policies of the post-war era are imploding. This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is run by lawyers following their own self-interest. The pensions created for those in government drive the cost of government up exponentially with time. The political forces blame the rich and this merely creates a class warfare with no resolution for the future. Even confiscating all the wealth of the so-called rich will not sustain the system. Consequently, we just have to crash and burn and start all over again.
The Guardian reported that some 50,000 people marched in London to protest against austerity. They cried: “Who is really responsible for the mess this country is in? Is it the Polish fruit pickers or the Nigerian nurses? Or is it the bankers who plunged it into economic disaster – or the tax avoiders? It is selective anger.”
The exploitation by the bankers has been really a disaster. They have been their own worst enemy and in the end, they have become the symbol that inspires class warfare if not revolution. They are not the representatives of those who produce jobs. They are merely those who wanted to trade with other people’s money for free. When they win, it is their’s, but any losses are passed to the taxpayers. Bankers should be bankers – not hedge fund managers who keep 100% of the profits using other people’s savings…
The solutions from politics will always be the same – grab more power. We are in a downward spiral of liberty and how far we go down this path to the future will be determined by the people and if they at least wise up and see this is not class warfare, it is the people against government. This is why I say career politicians are dangerous for they can be bought way too easily as Clinton was to open the flood gates for the bankers.
This is not going to end pretty. The question is when does society wake up? Just how high will this price be that we have to pay? They will blame the rich and the idiots will cheer – get them. What will happen when there is no more wealth to hunt? We end up with a communist state by default – no wealth, just career politicians who blame everyone but themselves.
Yeah, I quoted almost the whole thing. What is fair use? I expect he wants the alarm to get out. So I’m doing him a favor. Also, I’m going to follow him up with my own copyrighted material from 1991. Fair? I think so. This is from the Book of Adam, which gets to a remarkably similar point very quickly:
1 In fact, thanks to advertising, the Americans will make still another breakthrough discovery about Capitalism,
2 gWhich is that you don’t really have to create new value to create wealth,
3 For yourself, anyway,
4 Because Capitalism works just as well for people who create the appearance of value,
5 hEven if there isn’t any.
6 When this discovery has been proven in the marketplace,
7 By about five or ten thousand manufacturing corporations,
8 It will lead to the invention of many new industries that won’t make anything of value at all,
9 But will sell services instead,
10 iAnd tell everybody how great their services are,
11 Until everybody believes it,
12 Just like a religion.
1 And so it will come to pass that the American Capitalists will invent industries that nobody ever heard of before,
2 Called management consulting,
3 And public relations,
4 And life insurance,
5 Not to mention advertising,
6 Which won’t make anything at all,
7 But they’ll be very well paid for not making anything at all,
8 Just like banks.
1 And since they’ve come up, it’s important for you to know that banks will be an incredibly important part of Capitalist societies like America,
2 jBecause every Capitalist Nation will always need a whole bunch of boring avaricious people in blue suits to watch everybody’s money,
3 kBecause the most important principle in every Capitalist Nation is the principle that nobody can be trusted,
5 Except for banks, of course,
6 aWhich are extremely trustworthy,
7 bOr why would they have so many boring drones in blue suits to watch over your money all the time?
8 Besides, if banks weren’t trustworthy, why would people give them money and let them lend it to other people,
9 Without even asking the people who gave them all their money in the first place?
10 Not to mention the fact that if bankers weren’t trustworthy, they’d probably get involved in a lot of risky financial speculation that could cause a huge depression someday,
11 Which wouldn’t do Capitalism any good at all.
1 That’s why it will be such a good thing that banks will always lend money to the people who deserve it,
2 And will always use impeccable business judgment,
3 cBecause who could possibly know more about business than a know-it-all in a blue suit who thinks you earn money by lending other people’s money to still other people who will do all the work and take all the risks,
4 While he sits in a giant office upstairs at the bank thinking up ways to get more money?
1 Eventually, there will be so many great bankers that they will build a city all for themselves,
2 Called New York,
3 Which nobody will be allowed into who actually makes things,
4 Except skyscrapers, that is,
5 Because the banks and life insurance companies and brokerage houses who deal strictly in money will all need their own skyscrapers,
6 dWith their names on them in giant letters,
7 Just so everyone will know that they really do make things,
8 Even though they really don’t,
9 eWhich has a lot to do with the appearance of value,
10 And everything in the world to do with American Capitalism,
11 Which will have its headquarters in New York,
12 On Wall Street.
1 In fact, Wall Street will become the world capital of Capitalism,
2 fAnd will become so fantastically successful that the people who work there will eventually forget practically everything you ever said,
3 Because they will know better than you,
4 About everything.
1 For example, they will forget about all your quaint old definitions,
2 gBecause Capitalism isn’t about creating wealth by creating value that didn’t exist before;
3 Instead, it’s about getting rich by getting hold of more money than other people,
4 Which is why value doesn’t matter,
5 aSince what really matters is being the swiftest,
6 bAnd the fittest,
7 cAnd getting up earlier than the other guy,
8 So that you can take his money while he’s still asleep,
9 dAnd use it to buy stocks on a margin,
10 In the kinds of companies that can’t help but succeed,
11 eWhich you can always identify because their stock prices keep going up,
12 Which is why everybody else is buying their stock on margin too,
13 And so it’s a good idea to buy yours earlier than the other guy,
14 So that you’ll make higher profits,
15 fAnd more money.
1 Actually (said the pen),
2 I have some not very good news for you,
3 Because when I told you the bad news about your ideas before,
4 I overlooked some,
5 Which I have been suddenly reminded of,
6 gBecause Capitalism will also lead to something really awful that people will blame on you,
7 Something called the hGreat Depression,
8 iWhich will start on Wall Street,
9 With a tremendous noise,
10 jWhich will sound like a single gigantic crash,
11 Even though it will actually consist of thousands and thousands of little crashes…
Until it all falls down. You can read the rest of the Obama story here. All the same plot points apply — class warfare, more government power, and the pretense that politicians give a rat’s ass what happens to the people they are gaining more and more control over, as well as unrest and tea parties and such. Beautiful, isn’t it? No such thing as a people not dumb enough to make exactly the same mistake three generations later.
If you still care. At this point all I care about is the opportunity to say, “I told you so.” A quarter century ago.