We've reached an interesting time in history where the US empire is divided and well past peak prosperity for the common folk. The polarization of the lame duck Obama led to the working class electing Trump to solve the country's problems. His strategy was to game the system with growth which he did quite successfully. Unfortunately the Coronavirus came out of left field which took Trump off point and derailed the supercharged capitalism. Trump's abrasiveness of being out of his wheelhouse showed too much in the end which IMO led to his downfall. There's only three approaches going forward as I see it: 1) The growth approach, which was Trump's strategy, 2) Overthrow the system and implement socialism or 3) some kind of compromise which appears to be the Biden plan. The problem is Biden is at this point incompetent and senile which means the rule wont be by him but by proxy. If Kamala is running from behind the scenes like Cheney to Bush then that means the overthrow the system approach will probably come into play. Then again Kamala isn't that competent either and came off as an idiot in the debates. So who exactly we will have running the country is a little bit of a mystery at this point. It's clear the elected figureheads are out of their depths.
Meanwhile the economic system is in life support mode and this can't go on forever. The fed has been buying up much of the country's debt. The interest rates can't go up much because most the debt bearers are paycheck to paycheck and would fold if the rates went up. So we will continue to see low rates much like the Japanese system has been having for decades, except our system isn't as stable. Close to half of the Treasury bond holders are foreigners and they will probably be bailing on us in the next few years which means the fed will have to buy the bonds up. If they all bail out in a short period the US dollar will lose half its value relatively quickly. Lots of money is being printed and that wont stop. There is a lot of trust built up in the US system, the currency is electronic and the Fed takes a very protective stance on the system. So we wont see a classic 1929 crash or anything like that, it will be more absurd. But we keep seeing the market bubble up. Doesn't matter what the news is good or bad the mystical Fed and market sees it as another BS reason to rally. If you study history these central bank systems they always blow up and the US will probably be most spectacular blow up of all.
We're currently in a bubble phase and soon there will be an inflation phase and a debt crisis. It may take a number of years to play out or it may play out quicker. But one thing is clear, the people are fighting for their vision of the country and there is very little in the middle of a stance to take. The system will one way or another get overthrown and modified to satiate the rich and the poor in some way or another as that will be the new polarization when this thing plays out. The middle class will probably have the most to lose and will be targeted by the system. So in short, losers and the helm and the system is rigged to blow up. I thought Trump would have a few terms and this stuff would play out in 10-15 years but nope it's all coming around much sooner now. Crazy times are coming... As for what to do about it, precious metals, gold and silver!
PeakOil is You
Divisiveness and the US Exploding Political Economic System
Divisiveness and the US Exploding Political Economic System
by mmasters » Mon 16 Nov 2020, 18:21:47
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Re: Divisiveness and the US Exploding Political Economic Sys
by dohboi » Mon 16 Nov 2020, 18:48:43
" Biden is at this point incompetent and senile"
mm claims with no evidence...
Trump has been a madman and crazy clown at the helm of the ship of state for four years.
Now anyone even marginally competent will look like a marvel of statesmanship by comparison.
mm claims with no evidence...
Trump has been a madman and crazy clown at the helm of the ship of state for four years.
Now anyone even marginally competent will look like a marvel of statesmanship by comparison.
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Re: Divisiveness and the US Exploding Political Economic Sys
by Plantagenet » Tue 17 Nov 2020, 00:52:27
I expect more divisiveness when Biden's economic team makes their recommendations on the economy.
Biden is appointing leftist loons to his economic advisory team whose main goal is to promote reparations for slavery.
biden-gives-uc-irvine-reparations-advocate-seat-treasury-transition-team
The Ds think the US should pay reparations for slavery to people who were never actually slaves.
In fact, there have been no slaves in the US for over 150 years.
I can't imagine a more racially divisive program then demanding federal reparations for people who never actually suffered from something that doesn't even exist anymore.....but thats what Biden and the Ds are on course to do. The Ds in California have already set up a commission to study paying reparations for slavery......even though California has never allowed slavery in the state.
This is illogical and clear legal madness. Its nothing but grifting on a massive scale.
I predict the racially divisive D demands for slavery reparations for people who were never slaves will create even more racial friction in the United States.
SHEESH!
Biden is appointing leftist loons to his economic advisory team whose main goal is to promote reparations for slavery.
biden-gives-uc-irvine-reparations-advocate-seat-treasury-transition-team
The Ds think the US should pay reparations for slavery to people who were never actually slaves.
In fact, there have been no slaves in the US for over 150 years.
I can't imagine a more racially divisive program then demanding federal reparations for people who never actually suffered from something that doesn't even exist anymore.....but thats what Biden and the Ds are on course to do. The Ds in California have already set up a commission to study paying reparations for slavery......even though California has never allowed slavery in the state.
This is illogical and clear legal madness. Its nothing but grifting on a massive scale.
I predict the racially divisive D demands for slavery reparations for people who were never slaves will create even more racial friction in the United States.
SHEESH!
Never underestimate the ability of Joe Biden to f#@% things up---Barack Obama
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Keep running between the raindrops.
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Keep running between the raindrops.
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Re: Divisiveness and the US Exploding Political Economic Sys
by jedrider » Tue 17 Nov 2020, 01:27:33
Trump mishandled the virus spectacularly. No reason to think his every other move would not lead to a spectacular failure as well.
Anyone can keep the economy humming if enough debt money is injected, so that's no accomplishment at all. At least, Clinton achieved a surplus and Obama staved off a possibly spectacular collapse. I know the system is doomed, but how we manage our downward trajectory is important too. I'm not expecting great things from the Biden team, but neither am I expecting horrendous things.
Trump did nothing of value except to energize a base that spans from greed to complete fantasy.
Anyone can keep the economy humming if enough debt money is injected, so that's no accomplishment at all. At least, Clinton achieved a surplus and Obama staved off a possibly spectacular collapse. I know the system is doomed, but how we manage our downward trajectory is important too. I'm not expecting great things from the Biden team, but neither am I expecting horrendous things.
Trump did nothing of value except to energize a base that spans from greed to complete fantasy.
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Re: Divisiveness and the US Exploding Political Economic Sys
by Plantagenet » Tue 17 Nov 2020, 01:49:43
$this->bbcode_second_pass_quote('jedrider', 'T')rump mishandled the virus spectacularly.
Personally, I'm very impressed with the recent announcements by Pfizer and Moderna that they both have developed vaccines in record time, thanks to Trump's WARP SPEED program. Even more exciting, IMHO, is that both have already produced millions and millions of doses of vaccine even before the trials were completed, again thanks to Trump's WARP SPEED program.
Like many other things, what Trump says is often incoherent, aggravating, wrong-headed, and sometimes downright stupid. But somehow what Trump does sometimes turns out to be a good thing, and Trump's WARP SPEED program to accelerate vaccine development and production from a 6 year timeline to a 6 month timeline is a good thing. In fact, WARP SPEED has been a spectacular success----Trump basically has pushed for a medical miracle for millions of Americans and its actually happened. Its great, IMHO.
With any luck there will be millions of vaccinations done in the US in December, and more millions in January, and we'll be well on our way to overcoming the virus by the time Biden becomes President and starts babbling about his divisive priorities of the imaginary specter of systematic racism and white supremacy and pushing for reparations for slavery for people who were never slaves.
Cheers!
Never underestimate the ability of Joe Biden to f#@% things up---Barack Obama
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Keep running between the raindrops.
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Keep running between the raindrops.
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Re: Divisiveness and the US Exploding Political Economic Sys
by careinke » Tue 17 Nov 2020, 04:23:04
$this->bbcode_second_pass_quote('dohboi', '&')quot; Biden is at this point incompetent and senile"
mm claims with no evidence...
Trump has been a madman and crazy clown at the helm of the ship of state for four years.
mm claims with no evidence...
Trump has been a madman and crazy clown at the helm of the ship of state for four years.
Doh boy claims with no evidence...
Cliff (Start a rEVOLution, grow a garden)
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Re: Divisiveness and the US Exploding Political Economic Sys
by dissident » Tue 17 Nov 2020, 14:46:41
America is not ready for any socialism. It is already an oligarchic kleptocracy so consolidating economic power in state capitalism (aka socialism) will be a total disaster. America never had a history of natural socialism on which to base any political variant of it. The mentality is not there whatsoever. Socialism requires people to follow a certain set of rules which Americans will repel since they supposedly violate their freedoms.
Theoretical socialism is not good enough. The failure of all such experiments with socio-economic structure is that they fail to account for human psychology. Yes, the proles are responsible for the system they live under. A hug number of them are even too lazy to vote and those that do vote like lemmings for some leading parties which never properly serve their interests.
Theoretical socialism is not good enough. The failure of all such experiments with socio-economic structure is that they fail to account for human psychology. Yes, the proles are responsible for the system they live under. A hug number of them are even too lazy to vote and those that do vote like lemmings for some leading parties which never properly serve their interests.
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Re: Divisiveness and the US Exploding Political Economic Sys
by Tanada » Tue 17 Nov 2020, 14:52:24
$this->bbcode_second_pass_quote('Plantagenet', 'I') expect more divisiveness when Biden's economic team makes their recommendations on the economy.
Biden is appointing leftist loons to his economic advisory team whose main goal is to promote reparations for slavery.
biden-gives-uc-irvine-reparations-advocate-seat-treasury-transition-team
The Ds think the US should pay reparations for slavery to people who were never actually slaves.
In fact, there have been no slaves in the US for over 150 years.
I can't imagine a more racially divisive program then demanding federal reparations for people who never actually suffered from something that doesn't even exist anymore.....but thats what Biden and the Ds are on course to do. The Ds in California have already set up a commission to study paying reparations for slavery......even though California has never allowed slavery in the state.
This is illogical and clear legal madness. Its nothing but grifting on a massive scale.
I predict the racially divisive D demands for slavery reparations for people who were never slaves will create even more racial friction in the United States.
SHEESH!
Biden is appointing leftist loons to his economic advisory team whose main goal is to promote reparations for slavery.
biden-gives-uc-irvine-reparations-advocate-seat-treasury-transition-team
The Ds think the US should pay reparations for slavery to people who were never actually slaves.
In fact, there have been no slaves in the US for over 150 years.
I can't imagine a more racially divisive program then demanding federal reparations for people who never actually suffered from something that doesn't even exist anymore.....but thats what Biden and the Ds are on course to do. The Ds in California have already set up a commission to study paying reparations for slavery......even though California has never allowed slavery in the state.
This is illogical and clear legal madness. Its nothing but grifting on a massive scale.
I predict the racially divisive D demands for slavery reparations for people who were never slaves will create even more racial friction in the United States.
SHEESH!
What about my family? One of me great grandfathers served in the Union army and was wounded in combat. When he returned to service after healing from his wounds he caught tuberculosis from the unsanitary conditions in army encampments. As a consequence he grew progressively more ill after the war concluded and spent the last two years of his life in a military hospital in Wisconsin hundreds of miles from his wife and children who included my maternal grandmother then aged 12.
What does my family get for the sacrifices made to free people my great grandfather neither enslaved nor abused and whom he suffered to free?
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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