The Coming Collapse of the American Economic System with Richard Wolff

37 Comments on "The Coming Collapse of the American Economic System with Richard Wolff"

Cloggie on Tue, 28th Aug 2018 4:15 pm 



How about a softer capitalist system, as realized in the “Rhinelandic System”:

https://en.wikipedia.org/wiki/Social_market_economy

Holland was one of the first countries in the world where capitalism began…

https://en.wikipedia.org/wiki/Dutch_people

The Dutch people are generally seen as the pioneers of capitalism, and their emphasis on a modern economy, secularism, and a free market ultimately had a huge influence on the great powers of the West, especially the British Empire, its Thirteen Colonies, and ultimately the United States.

…but it was also one of the first countries where capitalism was tamed.

Capitalism, too good to abolish. As they know in Texas, you don’t kill a wild horse, you tame it.

MASTERMIND on Tue, 28th Aug 2018 4:58 pm 



Clogg

You sound like a globalist cuck..In your country the wealthiest ten percent hold 70 percent of your countries total wealth..

https://imgur.com/a/78XldxQ

Globalism can’t work with high energy prices..It causes too much inflation..That is why the entire OECD has been falling since 1973..When the US lost its power of swing producer and was no longer able to control the price of oil..

MASTERMIND on Tue, 28th Aug 2018 5:00 pm 



Clogg

Here is Dr Wolff on immigrants

“The elites divert attention from their pillage by blaming foreign countries such as China or undocumented workers for the economic demise of the working class.

“It’s a classic ploy of crooked politicians stuck with a problem of their own making, blaming somebody else,” Wolff said. “We take the poor 10 or 11 million immigrants in this country with questionable legal status and we demonize them. We scapegoat them. They couldn’t possibly account for the difficulties in this economy. Throwing them out does not fundamentally change the dynamics of the economy. It’s childishly easy to show this. But it’s good theater. ‘I am smiting the foreigner.’ ”

https://www.truthdig.com/articles/becoming-serfs/

You are the elites useful idiot..

Darrell Cloud on Tue, 28th Aug 2018 5:36 pm 



I have prospered under the socialist system. I make as much now on social security and my state pension plan as I made while I was teaching school. If I was talking my book I would wrap my arms around the up and coming communists. I am smart enough to realize that the tax base cannot support the system that we have in place. Take a look at the national debt clock. http://www.usdebtclock.org/

This is not sustainable. If you cannot grasp that then you are beyond hope. Trump is a symptom not the cause of this collapse. Hillary was the candidate of the BAU plutocrats. The communist seem to overlook this fact.

To ignore the fact that we off shored our industry in pursuit of short term gains. In the process we undercut the working class and that in turn took down the middle class.
Factoring into all of this is the decline in oil production we are witnessing in the legacy fields.

We are in a life boat and the entire passenger list of the Titanic is swimming in our direction. We ever paddle like hell or we get swamped and drown.

Anonymouse1 on Tue, 28th Aug 2018 5:50 pm 



I am pretty sure, that usury was an invention of YOUR people, and tribe cloggenkike. You can call loans with interest ‘capitalism’ if you like. No doubt you people consider loans with endlessly accruing interest, one of you greatest pioneering moves ever.

Right up there with double-entry accounting, right cloggen-fraud?

DMyers on Tue, 28th Aug 2018 7:38 pm 



The “American Economic System” is a hodgepodge of Capitalism, Socialism, and Fascism. Not the AES that will collapse but rather the Dollar. That, in turn, will bring down the American System in its entirety.

Creating digital money out of nothing is as addictive as gambling. I agree with Darrell, that this is unsustainable. I’ve heard it said that every fiat currency has ultimately collapsed. Can’t prove it myself, but I’m a believer.

makati1 on Tue, 28th Aug 2018 8:00 pm 



The above comments have covered the situation well.

Usury began with the Jews as they were the money lenders of ancient times. Islam does not allow interest either way, so Jews had the market cornered. New York City was founded by the Dutch traders and bankers.

“Money is the root of all destruction” to rephrase an old saying. It is bringing down the Us empire, just as it did all of the old ones. When the dollar is no longer needed for trade…game over.

makati1 on Tue, 28th Aug 2018 9:15 pm 



““I do think that the American public is a lot closer to poverty than anybody imagines. I mean, I don’t think the only thing standing between Americans and abject poverty is Donald Trump’s presidency, even though he may believe that. I think what maybe has been standing between America and poverty has been the Chinese and the rest of the world willing to give us their stuff for free; exchange the goods that they produce for the money that we print. And all of that is in jeopardy now.” -Peter Schiff

http://www.shtfplan.com/headline-news/peter-schiff-we-will-have-inflation-and-recession-at-the-same-time_08282018

“The Great Leveling” is gaining speed. Will we see it this year? Next? Surely very soon. Are YOU prepared?

makati1 on Tue, 28th Aug 2018 9:35 pm 



Getting out: “… we would be unwise to be present at the time of a national Final Closeout Sale, as it would unquestionably pose a very real threat to anyone whose prime values remain intact.

https://www.theburningplatform.com/2018/08/28/the-final-blowout-sale/#more-182258

“In any era when socio-political or economic upheaval is soon to occur, those who survive the debacle tend to be those who watch carefully for the warning signs and make changes in their lives and/or geographic locations in the hope of avoiding becoming a casualty.”

Any sane person with the means to do so , should get out of the Us police state today. I’m glad I did 10 years ago and have built up a new life and home in the Philippines. What are YOU waiting for? The “closeout Sale” to begin? The doors are opening.

DerHundistLos on Tue, 28th Aug 2018 10:42 pm 



In 2016, 84% of all local, state, and federal government employees were covered by a pension plan, in contrast to only 9% of private-sector workers. The public employee pension crisis burdens taxpayers with massive, ever-escalating taxes to bail out a system that is not sustainable. In Illinois, government-worker pensions consume a fourth of the state’s budget. Taxpayers now contribute more than three times what state workers contribute to their own retirements.

Politicians grant workers overly generous pension benefits that taxpayers can no longer afford.

Private-sector workers cannot begin to collect full Social Security benefits until age 67. By contrast, 67% of public workers retire in their 50s, many of them with full benefits.

Retirees receive, on average, an annual 3% automatic cost-of-living adjustment. That means their annual pension benefits will double in 25 years.

Most government retirees contribute only about 4-8% of what they receive in retirement benefits.

The average career (30 years of service) teacher who retired recently (within the last three years) receives a $71,000 pension and will collect over $2 million over the course of her retirement. To generate similar benefits, a worker in the private sector would need to have more than $1.5 million in her bank account when she retires.
As an example, Illinois teacher Leslie Heffez retired at age 54 with an annual pension of $568,000. She earned a COLA of more than $16,000 in 2015, equal to the average annual Social Security payout for an average private-sector retiree. Heffez contributed $759,000 to the pension plan during the course of her employment and her estimated total lifetime payout is $17, 983,000!!!!!

Is it any wonder local and state governments are broke……

Cloggie on Tue, 28th Aug 2018 11:03 pm 



millimind opines: “You sound like a globalist cuck..In your country the wealthiest ten percent hold 70 percent of your countries total wealth..
https://imgur.com/a/78XldxQ”

Your data sucks, like everything else about you.

The IMF uses a so-called GINI index to measure inequality:

https://en.wikipedia.org/wiki/List_of_countries_by_income_equality

0=total equality
1=max inequality

Europe, Canada and Australia are doing fine, in contrast to US, Russia.

South-America and Mexico are hopeless.

The IMF says that “inequality in the Netherlands is ideal”:

https://www.nrc.nl/nieuws/2017/05/18/nederland-land-van-de-ideale-ongelijkheid-9254699-a1559304

As usual Marxist punks like you are fake news generators. You are called millimind here for a good reason.

Again, it is madness to abolish capitalism. That’s what happened in Venezuela, the consequences are known. You need to have a reason to work and put most of the resulting income in your own pocket. But some redistrbution of wealth is necessary.

MASTERMIND on Tue, 28th Aug 2018 11:17 pm 



CLogg

The numbers are from the OECD..You would site the IMF globalist you moron..

What socialism? Private sector still dominates 2/3 Venezuelan economy despite Chavez crusade -AP
http://www.foxnews.com/world/2010/07/18/socialism-private-sector-dominates-venezuelan-economy-despite-chavez-crusade.html

MASTERMIND on Tue, 28th Aug 2018 11:20 pm 



CLogg

Right-wing mobs creating ‘civil war’ in Germany after second night of violence in Chemnitz

Police reported assaults by extremists against at least three foreigners, while investigations were opened in 10 cases of the protesters performing the illegal Hitler salute.

https://www.telegraph.co.uk/news/2018/08/28/right-wing-mobs-creating-civil-war-germany-second-night-violence/

Looks like Europe is headed for a civil war all because we have blown the shit out the middle east and flooded you with migrants..

LMFAO!

Cloggie on Tue, 28th Aug 2018 11:40 pm 



“Looks like Europe is headed for a civil war all because we have blown the shit out the middle east and flooded you with migrants..”

Indeed, but it also means the downfall of that stinking empire of yours. You predators are going to be sent packing and off to the prairy again and you can take your British with you. We are going to take the Russian, that is the white route.

Impressive pictures from Chemnitz, former Karl-Marx Stadt, but not anymore.lol:

http://www.pi-news.net/2018/08/bringt-chemnitz-die-wende-2-0/

Of all white folks world-wide, continental Europeans have the strongest sense of identity and ethnic pride, an attitude denounced in Anglosphere as “racism”. That is why we have a future and you don’t. You don’t believe in yourself, and to be fair to you, I don’t believe in you either.

MASTERMIND on Tue, 28th Aug 2018 11:57 pm 



Clogg

The global economy is going to collapse over the next decade per limits to growth…Voting can’t change this..Nothing can..We missed the last exit over 40 years ago..Your mind just doesn’t have the scoop to handle the truth, because you have a low conservative IQ..

Dredd on Wed, 29th Aug 2018 1:30 am 



Peak economy happens when mystery subverts science (Mysterious Zones of Antarctica).

It is all down-slope from there.

One of the signs is a proliferation of economic theory and a decrease in economic justice.

baha on Wed, 29th Aug 2018 4:27 am 



I am the counter force, who are you?

JuanP on Wed, 29th Aug 2018 9:10 am 



“US facilitates creation of SWIFT alternative by pressuring Iran”
https://sputniknews.com/analysis/201808261067472026-us-iran-swift/

JuanP on Wed, 29th Aug 2018 9:13 am 



“Gold backed Ruble could become game changer to global monetary system”
https://sputniknews.com/analysis/201808261067472026-us-iran-swift/

JuanP on Wed, 29th Aug 2018 1:59 pm 



“US consumer confidence hits record high in almost 18 years”
http://www.xinhuanet.com/english/2018-08/29/c_137427054.htm
“All is for the best in the best of all possible worlds” Voltaire

onlooker on Wed, 29th Aug 2018 2:31 pm 



Brain washed idiots Juan

Cliffhanger on Wed, 29th Aug 2018 3:07 pm 



Juan

Just make sure you show mow my grass this week..Or I will go through the roof!

JuanP on Wed, 29th Aug 2018 3:52 pm 



I see you changed your name again, fool! LOL! Do you have an identity problem?

Duncan Idaho on Wed, 29th Aug 2018 4:12 pm 



Hedges and Wolff—-
Worth the listen.

fmr-paultard on Wed, 29th Aug 2018 4:59 pm 



juan the tard
supertard (pbuh) doesnt do this and neither did i

makati1 on Wed, 29th Aug 2018 5:46 pm 



A spammer by any other name is still a Davy clone. LOL

Davy on Wed, 29th Aug 2018 6:56 pm 



billy, are you upset because I don’t give you much attention anymore? You are just a washed old man alone in a faraway country with a small stipend to live on.

Cliffhanger on Wed, 29th Aug 2018 8:08 pm 



Scientists find magic mushrooms could help fight fascism

https://bigthink.com/paul-ratner/scientists-find-magic-mushrooms-could-help-fight-fascism

We found a cure for clogg

Duncan Idaho on Wed, 29th Aug 2018 8:14 pm 



Yep, most psychedelics, turn repugs into dims.
But one cannot be a sociopath–

Cliffhanger on Wed, 29th Aug 2018 9:02 pm 



Duncan

“I won’t slave for beggars pay.

Likewise, gold & jewels.

But I would slave to learn the way

To sink your ship of fools.”

— The Grateful Dead

duh on Thu, 30th Aug 2018 10:02 pm 



Dutch capitalism worships tulips, rectums, and THC. But now you are part of socialist EU so you can worship muzzie cock in your ass.
And millimind The Great White Americans(not Trumpfags) are coming for you and your kind. Make peace with satan fag.

Cloggie on Fri, 31st Aug 2018 12:15 am 



Scientists find magic mushrooms could help fight fascism
https://bigthink.com/paul-ratner/scientists-find-magic-mushrooms-could-help-fight-fascism
We found a cure for clogg

Waste of time, Cliffhanger=millimind=duh, I’m incurable. You better concentrate on what you are good at: turning your own “country” in a low IQ third world hell hole, to the amusement of the rest of the world.

1989 terminated the Soviet empire, the western equivalent of 1989, that will terminate the US empire, is rapidly approaching.

Gorbachev with his Glassnost and Perestroika turned out to be the undertaker of the Soviet empire as it was impossible to reform the USSR and keep the country in one piece.

Trump likewise is the undertaker of the US empire. He tries to MAGA, but countries demographically with one leg in the third world can’t be great. Moonlanding programs are being replaced by cities where large number of people are no longer guaranteed to be able to read and write.

The USSR fell apart after Gorbachev.
The USA will fall apart after Trump.

The new border with Mexico will largely follow 1820 patterns:

https://goo.gl/images/FiHyj6

#MMGA

The downfall of the US empire and its multicult ideology can be observed in East-Germany, again East-Germany. Like in 1989 demonstrators are shouting “wir sind das Volk” (we are the people, meaning we are the souvereign, this is about us, not you failed commie fake “leaders”). The anti-multicult revolution in Europe, read anti-American revolution, originates from Eastern Europe, but is rapidly spreading into Western Europe. Italy and Austria have already fallen. In France, Marine le Pen may have been defeated, but Macron is basically acting like her. Now the waiting is for the most important German domino to fall as well. And all the populists want to mend relations with Russia. Macron even wants to involve Russia in a new pan-European security structure, explicitly independent of the US. With 600 million Europeans, Anglo-Zionist dominance will be eclipsed for ever and encourage a part of white America to secede from the Union and rejoin European civilization.

Cloggie on Fri, 31st Aug 2018 1:26 am 



Brexit latest. Panasonic moving its UK-based European HQ to Amsterdam:

http://www.dailymail.co.uk/news/article-6113759/Panasonic-pulling-European-HQ-UK-amid-Brexit-tax-concerns.html#comments

The Big One we are all waiting for of course is Royal Dutch Shell.

Cloggie on Fri, 31st Aug 2018 1:42 am 



Shell and Brexit.

https://www.ft.com/content/87941e10-d353-11e7-ae3e-563c04c5339a

“Could Unilever and Shell say ‘vaarwel’ to their London listings?”

Actually, Unilever did say “vaarwel” to Britain earlier this year:

https://www.theguardian.com/business/2018/mar/15/unilever-brexit-rotterdam-hq-london

Shell formula: British HQ + Dutch CEO.

Already before the fatal Brexit referendum Shell warned:

https://www.thetimes.co.uk/article/shell-boss-warns-of-a-brexit-fallout-v2p0tkqxmv8

After Trump and Brexit Shell posted this on its company site:

https://royaldutchshellplc.com/2017/02/12/brexit-trump-populism-and-royal-dutch-shell-plc/

Globalist club Shell obviously hates populism, Trump and Brexit, but…

Royal Dutch Shell may end up being perceived as an enemy of the many tens of millions who voted for these popular nationalistic policies, instead of the failed liberal/progressive alternative.

Shell clearly doesn’t want to be seen as the enemy of nationalism, they just want to sell oil, gas and increasingly wind kWh’s.

In case of a hard Brexit, I put my money on Shell returning home to Holland.

And then there are all these City banks in majority Muslim London. Banks are not seen as “haram”. Uhoh.

Additionally, Amsterdam will probably take over the role of #1 European airport from Heathrow.

Dutch proverb:

De een zijn dood is de ander zijn brood

(the death of one is the bread of another).

Cloggie on Fri, 31st Aug 2018 1:47 am 



So that was my breakfast. I’m going to climb on my bike and cycle 15 minutes to my workplace:

https://www.youtube.com/watch?v=lJq-3FCPqRM

The temperature is a breathtaking low 9 degrees Celsius (48F).

Yesterday on the news: 2018 was the second warmest year in recorded history, only 2003 was warmer.

joe on Fri, 31st Aug 2018 6:52 am 



Duh, of course she’ll will go home. There’s no oil left, the North Sea has peaked dude. Uk doesn’t want to be Germanys refugee dumping ground, we always fair better by stopping Nazis from pillaging the Earth, like you.

TheNationalist on Sat, 1st Sep 2018 3:51 pm 



You can have Goldman Sachs too Clog. After all its better they leave now before we hang the cunts.
If you know any globalist krauts going back to the
Merkelistan can you tell them to turn the lights off on the way out please.
Now there’s a good chap….