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Socialism Rises Due To The Great American Economic Growth Myth

Socialism Rises Due To The Great American Economic Growth Myth

There is little denying the rise of “socialistic” ideas in the U.S. today. You can try and cover the stench by calling it “social democracy” but in the end, it’s still socialism.

Since 1775, millions of Americans have given their lives in defense of the American “idea.” The tyranny and oppression which arise from communism, socialism, and dictatorships have been a threat worthy of such sacrifice. I am sure those patriots who died to ensure the “American way of life” would be disheartened by the willingness of the up and coming generations adopt such ideals.

But such shouldn’t be a surprise. It is the cycle of all economic civilizations over time as we “forget our history” and become doomed to repeat. it.

Scottish economist Alexander Tytler, who, in 1787, was reported to have commented on the then-new American Republic as follows:

“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.

The average age of the world’s greatest civilizations has been about 200 years. These nations always progressed through this sequence:

  • From Bondage to Moral Certitude;
  • from Moral Certitude to Great Courage;
  • from Great Courage to Liberty;
  • from Liberty to Abundance;
  • from Abundance to Selfishness;
  • from Selfishness to Complacency;
  • from Complacency to Apathy;
  • from Apathy to Dependency;
  • from Dependency to Bondage.”

 …click on the above link to read the rest of the article…

The Psychological Warfare Behind Economic Collapse

The Psychological Warfare Behind Economic Collapse

The concept of using the economy as a weapon is not an alien one to most people. Generally, we understand the nature of feudalism and how various groups can be herded onto centralized plantations to be exploited for their labor. Some people see this as a consequence of “capitalism,” and others see it as an extension of socialism/communism. Sadly, many people wrongly assume that one is a solution to the other — meaning they think that crony capitalism is a solution to communist centralization or that communism is a solution to the corruption of crony capitalism. The reality is that this is just another false paradigm.

What is most disturbing is that the majority of the public have no grasp whatsoever of the true solution to the problem of corrupt or totalitarian economies: free markets.

Free markets have not existed within the global economy on a large scale for at least the past 100 years. The rise of central banking has eroded all vestiges of freedom in production and trade. Crony capitalism with its focus on corporate power and monopoly has nothing to do with free markets, despite the arguments of rather naive socialists who blame “free markets” for the problems of the world. If you ever hear anyone making this claim, I suggest you remind them that corporations and their advantages are a creation of governments.

The protections of corporate personhood, limited liability, unfair taxation of small business competition and legislation shielding corporations from civil lawsuits are all generated by government. Therefore, corporations and crony capitalism are much more a product of socialist-style systems, not free markets.

…click on the above link to read the rest of the article…

“No One Will Stop Us” – Venezuela’s Maduro Slams Trump’s UN Speech Which Hinted At Coup

During his Tuesday UN General Assembly address President Trump held nothing back in terms of excoriating the socialist pariah state of Venezuela and leader Nicolas Maduro.

“Not long ago, Venezuela was one of the richest countries on Earth,” Trump said. “Today, socialism has bankrupted the oil-rich nation and driven its people into abject poverty.”

Trump continued, “Virtually everywhere socialism or communism has been tried, it has produced suffering, corruption, and decay. Socialism’s thirst for power leads to expansion, incursion, and oppression. All nations of the world should resist socialism and the misery that it brings to everyone.”

The US president blamed Venezuela’s collapsed economy and worthless currency, which has created a humanitarian crisis resulting in some 2 million citizens fleeing the country in recent years on the “Maduro regime and its Cuban sponsors”.

But a usually defiant Maduro, who didn’t attend the UN Assembly in New York for fear of his safety, slammed the speech via Twitter, stating in Spanish, “The empire points to us because it knows that we are on the socialist road to economic recovery.” He shot back at Trump: “And no one will stop us in our efforts to achieve self-sustainability.”

Also in response to Trump’s speech, Venezuela’s foreign minister Jorge Arreaza said Venezuela was a sovereign country and will continue to exercising the right to choose its own path. “It’s not the problem of the United States,” Arreaza said during a UN news conference in response to Trump’s listing a litany of the small Latin American country’s pressing problems.

Maduro has further called Trump’s mention of more sanctions to come against Maduro’s wife and his inner circle an “imperialist” intervention by “oligarchs”.

…click on the above link to read the rest of the article…

Venezuela on the Eve of Presidential Elections: The US Empire Isn’t Sitting by Idly 

Venezuela on the Eve of Presidential Elections: The US Empire Isn’t Sitting by Idly 

Photo by Joka Madruga | CC BY 2.0

“I don’t see why we need to stand by and watch a country go communist due to the irresponsibility of its people. The issues are much too important for the Chilean voters to be left to decide for themselves.”

— US National Security Advisor Henry Kissinger, 1970

Venezuelan President Nicolás Maduro is the frontrunner in the presidential elections scheduled for May 20. If past pronouncements and practice by the US empire are any indication, every effort will be made to oust an avowed socialist from what is considered the US’ “backyard.”

With a week to go to the election, the leftist president of Bolivia Evo Morales tweeted: “Before the elections they (US and allies) will carry out violent actions supported by the media and after the elections they will try a military invasion with Armed Forces from neighboring countries.” All signals from the Trump White House and the Pentagon are that Evo is on target.

US antipathy towards the Venezuelan government started with the election of Hugo Chávez in 1998, followed by a brief and unsuccessful US-backed coup in 2002. Chávez made the magnanimous, but politically imprudent, gesture of pardoning the golpistas (coup perpetrators), who are still trying to achieve by extra-parliamentary means what they have been unable to realize democratically. After Chávez died in 2013, the Venezuelans elected Maduro to carry on what has become known as the Bolivarian Revolution.

The Phantom Menace

In 2015 then US President Obama declared “a national emergency” posed to the security of the US by Venezuela. Understand that the US has military bases to the west of Venezuela in Colombia and to the east in the Dutch colonial islands. The US Fourth Fleet patrols Venezuela’s Caribbean coast. Yet somehow in the twisted logic of imperialism, the phantom of Venezuela posed a menacing “extraordinary threat” to the US.

…click on the above link to read the rest of the article…

Prepare for War: Globalism, Socialism, and Communism vs. Freedom

Prepare for War: Globalism, Socialism, and Communism vs. Freedom

“Peace Sells, But Who’s Buying?”  – Megadeath

“SI VIS PACEM PARA BELLVM.”  (If you wish peace, prepare for war) PVBLIVS FLAVIVS VEGETIVS RENATVS (aka: “Vegetius”)

“Peace through superior firepower.” – former President Ronald Reagan

***

History: It repeats itself and is consistently ignored before it does so. Ignored are the elements that lead up to the repeated event, although they blossom akin to flowers right before the eyes. One of the problems is doubting it, the “doubting” that the event is happening…is really happening. One of the elements that leads to that doubt is the event transpires almost imperceptibly, with such incremental slowness that it is not recognized as a single event that is happening.

In this case we are talking about the conversion of our society in the United States to full-blown dictatorship or a complete loss of rights guaranteed under the Constitution…such a loss that eventually leads to a dictatorship or a tyrannical, oppressive government. History shows us, and we ignore it.

The Founding Fathers have been degraded and ridiculed by the new society the media and their Communist masters are creating. Their mortal weaknesses are upheld at every chance in substitution for the enormity of the sacrifices they made to form the basis for our nation’s government. The Constitution of the United States of America took more than 11 years to create.

These Communists would have you believe that the Founding Fathers were a pack of illiterate morons who could not control their own lascivious appetites…who owned slaves and were elitists. These Communists have been infiltrating the United States for a hundred years…destroying the moral fabric of our society by destroying the family. The Communists infiltrated our government and camouflaged themselves with the names “Liberal” or “Progressive,” or some (such as Bernie Sanders) declaring softly, “I’m a Socialist.”

…click on the above link to read the rest of the article…

The return of the peasant: or, the history of the world in 10½ blog posts. 10. The current impasse

The return of the peasant: or, the history of the world in 10½ blog posts. 10. The current impasse

I’ve just returned from a short but fascinating meeting in Nicaragua on small-scale farming, which I plan to write about soon. But first I want to finish my history of the world. Apologies if the latter has dragged on too much, but we’re in the home straight now, and we’ll be moving on to other stuff soon. As ever a fully referenced version of this essay is here.

oOo

By the end of World War II, of the four key modern political doctrines I identified above it was liberal-democratic capitalism and communism that were left standing. Agrarian populism had its moments in post-war decolonisation, while fascism has recurred here and there, usually in diluted forms after the image problem it acquired during World War II. But essentially the end of that war marked the start of the capitalist-communist Cold War death battle, with the USA taking over from Britain in the driving seat of global capitalism and enforcing a global and far from peaceful Pax Americana, which has gradually lost its proselytizing zeal in favour of narrower self-interest.

The capitalist west’s answer to the threat of communism – other than naked military power – was a Keynesian settlement between capital and labour, in which the working class was offered full (male – and then, increasingly, female) employment and rising prosperity in return for political docility. This was quite easily achieved in the thirty years after World War II – the ‘trente glorieuses’ – with prodigious economic growth keeping both the owners of capital and the owners of labour happy. There were a few dissonant voices – environmentalists arguing that the cost of economic growth was ecological damage and the drawdown of non-renewable resources, prophets foretelling the impossibility of endless compound growth, and malcontents bemoaning the absurdity and ennui of a hyper-materialist modernity, but they gained limited traction at best.

…click on the above link to read the rest of the article…

Canada: Risks of a Parliamentary Democracy

A Vulnerable System

Parliamentary democracy is vulnerable to the extremely dangerous possibility that someone with very little voter support can rise to the top layer of government. All one apparently has to do is to be enough of a populist to get elected by ghetto dwellers.

Economist and philosopher Hans-Hermann Hoppe dissects democracy in his book Democracy, the God that Failed, which shines a light on the system’s grave deficiencies with respect to guarding liberty. As Hoppe puts it: “Democracy has nothing to do with freedom. Democracy is a soft variant of communism, and rarely in the history of ideas has it been taken for anything else.” At first glance this may strike many people as an exaggeration, but considering the trends that have emerged over the past several decades, it seems difficult to refute this assertion. Particularly since the beginning of the so-called “war on terrorism”, individual liberty has suffered numerous setbacks in Western democracies, while the power of the State has grown to almost unheard of proportions. In a democracy everybody is in theory free to join the psychopathic competition for power (in contrast to the largely rigid power structures prevailing in feudal societies), but all things considered, that is a highly questionable advantage. In fact, in many ways it isn’t an advantage at all. [PT]

Thereafter, political correctness and a belief in multiculturalism in the larger society are helpful. One doesn’t have to be very good in political strategizing, or have strong organizational abilities, or even be intelligent. By jumping through a few hoops, anyone can end up as prime minister in a parliamentary democracy, a major risk currently staring Canada in the face.

Harjit Singh Sajjan is currently Canada’s minister of defense. He was elected in Vancouver South, which is one of the districts with the largest immigrant populations: about 75% of its inhabitants are either first or second generation immigrants.

…click on the above link to read the rest of the article…

Condemned to Repeat It History as Rerun

Condemned to Repeat It History as Rerun

European essayist George Santayana famously wrote, “Those who cannot remember the past are condemned to repeat it.” This is repeated, as it just has been, ad nauseum as various persons (like yours truly) attempt to claim the mantle of wisdom. But the past is being deliberately repeated by those that do remember. By those that engineered the history we forget. Here are several ways in which history is repeating itself–on purpose–led by the capitalist deep state, their political servants, and the media monopolies that front its agenda to the general population.

Capitalism Prefers Fascism to Communism

People on social media red with ire rage about the double-standard applied to both the left anti-fascist protestors, the antifa anarchists, and the white supremacist marchers. Numberless voices rant about how the police protected the free speech of the white supremacists, but actively cracked down on anti-fascists. Now the government is moving to label antifa groups as domestic terrorists while doing nothing to apply the same tag to violent fascist racists. Some fairly argue that antifa are not the same as the majority of anti-fascist protesters. The former are violent, the latter peaceful. But the violence of antifa will be used to brand the entire progressive left with the stigma of domestic terrorism. The right will largely be left alone.

But this is nothing new. Capitalists and fascists have always had a symbiotic relationship. Before World War Two, historians blame insufficiently strident capitalist politicians like UK Prime Minister Neville Chamberlain for “appeasing” the Nazis, as though they miscalculated the threat of fascism. What is forgotten is that they appeased the Nazis on purpose. Western capitalists rebuilt the German military and funded the rise of National Socialism after World War One. After all, the real threat to capitalism is communism, not fascism.

…click on the above link to read the rest of the article…

How I Became a Libertarian and an Austrian Economist

I suppose I can date my interest in both libertarianism and Austrian Economics from the day I was born. The doctor grabbed me by my little feet, turned me upside down and spanked my tiny bottom.

I began to cry out. That is when I realized the fundamental axiom that, “man acts.” In addition, I appreciated that what the doctor had done was in violation of the “non-aggression” principle.

The rest is history. Well . . . maybe not quite.

For some reason, I had found history and current events interesting when I was in my early ‘teens in the 1960s. I had a part-time job at the Hollywood Public Library in Los Angeles when I was in high school. Part of responsibilities was to maintain the magazine collections on a balcony in the building. I would finish my work, and hide up in the balcony reading new and old political and news publications.

The Confusions of “Left” and “Right”

But I soon was confused. When I read “left-of-center” publications like The Nation or the New Republic, they always seemed to have the moral high ground, making the case for “social justice,” “fairness” and morality.  On the other hand, when I read “right-of-center” publications like Human Events or National Review the argument was made that all that “bleeding heart” stuff just did not work. There was a “bottom line”: it cost too much, screwed things up, and socialism and communism seemed to kill a lot of people.

When I was about seventeen, and living in Hollywood, I met two men who introduced me to the works of Ayn Rand. I ran into them at a restaurant called “Hody’s” that was at the corner of Hollywood and Vine.

…click on the above link to read the rest of the article…

Faking History

Faking History

shutterstock_182666510

“This is the final struggle

Let us pull together and tomorrow
The Internationale
Will be the human kind.”

— Written by Eugene Pottier in 1871, “The Internationale,” is the anthem of socialists, communists, anarchists, and social democrats. Anti-fascist Republicans sang it during the Spanish Civil War (1936-39).

Singing “The Internationale” today in Ukraine is punishable by up to ten years in prison. The Kiev Rada passed a law in December making it a crime to deny the “criminal nature” of the Soviet regime (1917-1991). From selling a Soviet-era postcard, to membership in the communist party, to singing the Soviet national anthem, the law penalizes all symbols and activities connected to the USSR.

Volodymyr Chemerys calls attention to the law’s violations of human rights in a recent article in CounterPunch:

A law was passed on “de-communization” which is in conflict with a number of fundamental rights and freedoms guaranteed by the European Convention for the Protection of Human Rights and Fundamental Freedoms. These include freedom of assembly and association (Article 11 of the Convention), freedom of expression (Article 10) and freedom of speech.

Though this law consigns both Nazi and Soviet symbols to Roman-style damnatio memoriae (erasure from memory), a second law criminalizes any expressed doubts about the legitimacy of the Organization of Ukrainian Nationalists (OUN) or the Ukrainian Insurgent Army (UPA) as Ukrainian independence fighters—though in the actual historical record they were counter-Soviet revolutionaries who collaborated with the Nazis in ethnic cleansing and egregious massacres of Jews, Poles, and others during WW II. One of the authors of the law was the son of Roman Shukhevych, leader of the UPA.

“De-communization”—the stripping of all traces of the Soviet past —will cost bankrupt Ukraine millions of dollars. The names of cities, streets, parks and other places bearing the memory of Soviet or communist heroes will have to be changed.

…click on the above link to read the rest of the article…

The World Economy – A Balancing Act Soon to Collapse?

The World Economy – A Balancing Act Soon to Collapse?

Balancing-Act

 

COMMENT: Dear Martin,
From reading your blog and other news I can conclude that the low interest rate has failed to increase the private business activities to the level that normally would require an increase in interest rates. The arguments now are to increase interest rates to save pensions funds and to be able to reduce interest rates if we get another financial crises.
To me it look like the system is totally out of balance and have not worked like the normal capitalistic system since 2006.
Regards

Fk

EconomicCartoon

REPLY: Correct. Governments have embraced Marx & Keynes because they argued that government had the RIGHT and the CAPACITY to manipulate society by the economy creating Utopia eliminating the business cycle. They create economic disasters, blame others, and then start wars to get out the mess. It is never our interests at stake – only their’s. The Free Market always wins and this age of Socialism where they decide how to spend your money (usually on themselves), is coming to an abrupt end just as did communism. This balancing act has been a disaster because they assumed they had the power to control something they have no clue about how it even functions. Sorry but Smith and Schumpeter win.

Safety-Net

Ironically, those who lived in communist states are better equipped to survive for they simply expect nothing from government. In Europe and the USA, people stupidly believe government is there with a safety net to help them. They keep moving the age for retirement. They keep raising taxes which proves they are incapable of any fiscal management since to raise taxes means you failed to do what you promised. Indeed, like Will Rogers, one need not joke about government and politicians, all you have to do is state the facts.

History-Repeat

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New Socialist Government Keeps Portuguese People Under The Whip

New Socialist Government Keeps Portuguese People Under The Whip

The austerity imposed on the Portuguese people by the One Percent has resulted in the election of a coalition government of socialists, communists, and a “left bloc.”  In the 20th century, socialism and the fear of communism humanized Europe, but beginning with Margaret Thatcher the achievements of decades of social reforms have been rolled back throughout Europe as bought-and-paid for governments have given all preference to the One Percent. Public assets are being privatized, and social pensions and services are being reduced in order to make interest payments to private banks.

When the recent Portuguese vote gave a majority to the anti-austerity bloc, the right-wing Portuguese president, Anibal Cavaco Silva, a creature of Washington and the big banks, announced that the leftwing would not be permitted to form a government, just as the senior British general announced that a Labour Government formed by Jeremy Corbyn would not be permitted to form.

True to her word, Anibal reappointed the austerity prime minister, Passos Coelho. However, the unity of the socialists with the communists and the left bloc swept Coelho from office and the president had to recognize a new government.

The new government means that for the first in a long time there is a government in Portugual that possibly could represent the people rather than Washington and the One Percent. However, if the new government leaves the banks in charge and remains committed to the EU, the current president, previous prime minister, and previous finance minister, Maria Luis Albuquerque, will continue to work to overthrow the people’s will as occurred in Greece.

The new Portuguese government cannot escape austerity without nationalizing the banks and leaving the EU. The failure of the Greek government to bite the bullet resulted in the Greek government’s acceptance of the austerity that it was elected to oppose.

…click on the above link to read the rest of the article…

The Human Cost of Socialism in Power

The Human Cost of Socialism in Power

The attempt to establish a comprehensive socialist system in many parts of the world over the last one hundred years has been one of the cruelest and most brutal episodes in human history.

Some historians have estimated that as many as 200 million people may have died as part of the dream of creating a collectivist “Paradise on Earth.” Making a better “new world” was taken to mean the extermination, the liquidation, the mass murder of all those that the socialist revolutionary leaders declared to be “class enemies,” including the families, the children of “enemies of the people.”

The Bloody Road to Making a New Socialist Man

We will soon be marking the hundredth anniversary of the Bolshevik Revolution in Russia (November 1917) under the Marxist revolutionary leader, Vladimir Lenin. In Soviet Russia, alone, it has been calculated by Russian and Western historians who had limited access to the secret archives of the Communist Party of the Soviet Union and the KGB (the Soviet secret police) in the 1990s, that around 68 million innocent, unarmed men, women and children were killed over the nearly 75 years of communist rule in the Soviet Union.

The communist revolutionaries in Russia proudly declared their goal to be destruction and death to everything that existed before the revolution, so as to have a clean slate upon which to mold the new socialist man.

The evil of the Soviet system is that it was not cruelty for cruelty’s sake. Rather it was cruelty for a purpose – to make a new Soviet man and a new Soviet society. This required the destruction of everything that had gone before; and it also entailed the forced creation of a new civilization, as conjured up in the minds of those who had appointed themselves the creators of this brave new world.

 

…click on the above link to read the rest of the article…

Taxation & Its Role in the Destruction of Our Economy

iitalit001p4

QUESTION: Thank you for your fascinating blog. I thoroughly enjoy reading your analysis on social, political, financial and historical topics. i would like to make a couple points with questions and get your analysis or feedback on these.

First point: You describe that post 2015.75 (Big Bang), you expect a peak in bonds (safe haven) that will coincide with a low in stocks due to global fear. The eventual collapse in bonds will drive everyone into “private assets” causing a major rise in stocks and commodities due to lack of confidence in government. At the same time, you say that government won’t give up the fight on taxation and asset seizure. So, my question is, what good is it to invest in stocks in this private phase if the government will most likely tax all profits to the point of making the investment pointless? Why would people continue to buy stocks then? Typically when fair rule of law degrades, people hoard and don’t invest, correct?
Thanks for your analysis!
ANSWER: Historically, this has been the difference between movable and immovable assets, such as real estate. Collectibles, stocks, and precious metals are in the moveable category. Of course this is what governments are now attempting to seize.

The best hedge would be to have assets in terms of stocks in the USA, and certainly not in Europe. It may be harder to engage in a taxation of shares as an asset, whereas in Europe they are much closer to communism and see nothing wrong with taxing assets, not just income.

Rome-Middle-6

If we look at the fall of Rome, the first asset class to decline was real estate, as you cannot take it with you when you leave town. Thus, the population of Rome collapsed from 1 million to 15,000 by the Middle Ages. People had no choice and just walked away, unable to pay the taxes demanded.

Taxes are the great destroyer. You are an economic slave if you simply cannot retire without having to pay taxes. Taxes reduce economic growth and lower productivity for they are no different, economically speaking, from some gangster demanding “protection” money to operate a business.

 

 

 

#ResistFinance

#ResistFinance

It may just be fitting that today is May Day, the old remembrance of the once “great” destructive force of international communism. Of course, it still resonates largely because its proponents view it from the standpoint of actual purity. Stalin, you see, never really practiced it; as such it has supposedly never really been tried. Repeating that lie long enough has left generations susceptible to the same cowing interpretations.

Normally, these fascinations with Marx and Marxism are left to the ivory towers of academia, who have apparently taken heart to the KGB’s “liberation ideology” and brought it to America’s college youth. I don’t mean for this to be such a political discussion, but it is somewhat unavoidable. After all, one of the most trending topics on Twitter earlier this week, just in time for May Day itself, was #ResistCapitalism.

The open spaces for this backlash are provided neatly by the recovery that doesn’t exist outside of various DSGE and GARCH models central banks employ to tell us how well they have done. Today’s youth are being inundated with Marxism that once appeared ridiculous in obviousness, but now contains, seemingly, some righteous prescription. This is not just “inequality” but it isn’t apart from it either, as stock bubbles and the very real lack of wage opportunity sharpen this great sense of divide.

 

From the perspective of anyone who appreciates actual freedom and free markets, there is an easy answer to the problem – that all these neo-socialists that don’t appreciated the irony of being “afforded” the opportunity to resist and renounce capitalism by all its very successful fruits. They are confused over the nature of capitalism itself, as maybe should not be so unappreciated or unexpected since it has been buried for some decades now. 

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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Olduvai II: Exodus
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Olduvai III: Cataclysm
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