Dear USA, Austerity doesnt work

[betheman]

you are about to embark on some tough times. Albert Einstein apparently described Insanity as "doing the same thing over and over again and expecting different results".
well USA hasnt done it yet, but here in the UK we have as have a few other European countries. Austerity doesnt work, the debt and borrowing continues to grow with no end in sight.
USA is going down the same path and yet they only have to take a glance over the Atlantic to see how well Austery pans out...what do they really hope to achieve?

 

[switch]

burn your credit card, sell your car (europe has excellent public transportation) and rent your house.
the entire western economy has a motto "BORROW MONEY"
you need a good credit score to get loans , jobs , insurance etc....see what is happening?

if you don't have a credit score , which means you have never borrowed money in your life,then they will give you 300 points.
now if a school janitor buys the titanic, the Eiffel tower, CN tower , a few casinos and maybe Disneyland on DEBT
he will fail at his obligations, apparently he also gets 300 points.....i know fvck logic.please correct me if i'm wrong.

so a bad borrower and a decent guy who only spends as much as he earns are the same.
BUT a guy who borrows a lot and pays it back on time A.K.A "good serf" is favored by 500+ scores.
so the system encourages borrowing and LOVES "surfs"....yes we are back to the medievel times, and yes most of us are surfs, but this time we are not working for a duke or baron but for some international bank or credit union.

the banks tell us that to buy a house we need loans and mortgage ...wtf is a mortgage? wtf is a loan?
look the entire western ...no the entire planet has self entitlement issues.
my grandpa taught me something "if you can't afford it by cash , then you don't deserve it." he was filthy rich btw not a sore poor bastard.

he always said " you think you own your house? try not paying your property tax, the real owner will show up."
its better to rent a house than buy one, if you wanna buy one pay everything in cash no mortgage or loan BS,
you might say "switch is a clueless idiot" , but as i said if you can't pay 300 000 dollars in cash then go for rent
cash is the solution, and i mean cash BACKED BY REAL GOLD.....
apparently the US federal reserve started to print fake money the minute they stopped backing it by gold.

 

[Who Dares Win]

Agree on Austerity, except for the germans which are benefitting for this situation the whole Europe is suffering like a fat b1tch on diet.

Greece has principles of anarchy with common people robbing banks and farmers refusing to respect the law and instead giving their products in the squares instead of destroying it as EU rules say.

Of course no mainstream media show us what is happening, Spain is in that direction while Italy is in the middle of a big mess since they cannot even elect a proper government due to the boost austerity gave to populists.

France is not that bad yet but its the step before Italy, dont know about Britain but I guess its not that great even for them.

I just wonder anytime I hear about public debt to who european own this money..

 

[betheman]

France is not that bad yet but its the step before Italy, dont know about Britain but I guess its not that great even for them.

I just wonder anytime I hear about public debt to who european own this money..

here in the UK, its getting bad, this summer Im sure we will see riots again, particuarly if we get anykind of hot weather. the standard of living has reportedly dropped back to 2003 levels due to price increases, inflation and rapidly rising energy and fuel costs. while we have lost a lot of jobs, it appears the worst is yet to come.

as for who do we owe the money too? its quite simple...the banks, they gambled and fvcked up, now we have to pay them back, the banks rule the world, or rather those who own the banks, everyone else is in their pockets

 

[Bible_Belt]

I read that in Greece, and especially now after their austerity measures, many people have gone back to land that was willed to them through their families and started growing crops like olives. Sustenance agriculture is the lowest level of participation in the world economy. And then when the farmer gets better at producing food, which is something everybody has to have and is only going up in value, barter becomes a much better idea than using the government's funny money. All of the barter-based commerce is untaxed, unregulated, and unrecorded.

It's happening here in the US, too. The total number of farmer's market vendors has tripled in the last few years, because so many people lost their job in the real world, and the choices they have now are to either go take a crappy 30 hour a week service sector job or start their own business and try to produce something of value. And most people are broke, too, so the only things they are buying are necessities like food. It also helps that the business will at least feed you.

 

[Burroughs]

Here's the dirty secret

Its not about money

It was never about money

*money* is fake paper willed into existence by rothchild banks *lent* to countries and then *lent* to people....:crackup:

it is about CONTROL it has always been about CONTROL

money is used to mold men into slaves...the elite don't desire money...they make money to turn us into slaves

again

money is used to mold men into slaves...the elite don't desire money...they create fiat money to turn us into slaves

@bible belt...this is why the cities were promoted...cities take men away from the land from producing things of inherent value...to producing under the factory/corporate system...you produce for your masters and you receive false coin in return....now with money as worthless...people must return to the land to create real things of value.

 

[betheman]

Here's the dirty secret

Its not about money

It was never about money

*money* is fake paper willed into existence by rothchild banks *lent* to countries and then *lent* to people....:crackup:

it is about CONTROL it has always been about CONTROL

money is used to mold men into slaves...the elite don't desire money...they make money to turn us into slaves

again

money is used to mold men into slaves...the elite don't desire money...they create fiat money to turn us into slaves

@bible belt...this is why the cities were promoted...cities take men away from the land from producing things of inherent value...to producing under the factory/corporate system...you produce for your masters and you receive false coin in return....now with money as worthless...people must return to the land to create real things of value.

cant argue with your argument, only question I have is, why now? why so severe? whats the agenda? thats more than one question .
is it a population thing? if those Rothschilds have so much control, and I think they have, why come down so hard now?

 

[Burroughs]

Yes it is a population control meme...for those with wisdom to see

Over the next 100 years....90% of the earth's population will be culled

remember the elite value horticulture and proper animal husbandry above all things....carefully manicured gardens, orchards, lawns this is the key to their mindstate

to the elite...that is what the human race is.....a vast herd of animals who are alive to properly be maintained through the *wisdom* and *foresight* of the elite.

the root causes of our major diseases, hunger, sanitation are all made to seem as societal *issues* they are not....they are deliberate stop-gaps to over-population either put in place or ALLOWED to run rampant by the elite as a means of societal control.

It is difficult to comprehend because man has been brainwashed to think he is *free* :crackup: free to consume, free to fvck, free to be a hollywood star perhaps....but man is no more free than the cow waiting to be beheaded on the killing floor and turned to meat...it is only man's arrogance and self-delusion that prevents him from seeing this

 

[twentee]

90% will be culled, one way or another, a LOT sooner than 100 years. the world aint got the resources to support 2-3 billion of the 7 billion people we have NOW. there is simply no WAY that mother nature is not going to "prune back" our species, long before our numbers can double again (which is set to occur in 30 years) So best get prepped, cause shtf is GOING to occur, it's just a question of how soon, how sudden, and how bad.

 

[Aristippus]

as for who do we owe the money too?

They like to talk on TV about how WE owe this and that. As far as I'm concerned, I don't owe anybody anything. So don't fall for that load of crap that YOU owe anything. As if you are responsible for the irresponsible spending of OTHER PEOPLE (crooked politicians) who have decided to spend money on things without your consent. You owe nothing. I owe nothing. It is their debt.

I don't pay attention to the senseless babblings of the mainstream media when it comes to the national debt. As far as I'm concerned, I will simply pay my taxes and lead a peaceful life. If the living conditions ever became unbearable, I could always pick up and move to another country. Although corporate greed and the greed of the politicians has run rampant, my overall day to day existence is good and I have bigger fish to fry, more important things to do with my life than play politics.

You can always create positive change on a larger scale for your own life, in a very short period of time, much much faster than just waiting around for other people to do it for you. That's the weak, slow route. Everything has a solution. Everything has MULTIPLE solutions. Stay focused on the solutions for you and don't worry about the irresponsible behavior of a few greedy, boring old men.

Seize your freedom! At the same time, be appreciative of the good things you already have. Chances are, if you live in Europe or the US, you may have some financial worries, but even the poor in these countries have more luxuries than, say, a man who lived 100 or 200 years ago. And we're in a better situation than people that live in dirt-poor countries today. I do not think about the economy. I think more about MY economic situation. That is something I can do something about.

 

[Bokanovsky]

you are about to embark on some tough times. Albert Einstein apparently described Insanity as "doing the same thing over and over again and expecting different results".
well USA hasnt done it yet, but here in the UK we have as have a few other European countries. Austerity doesnt work, the debt and borrowing continues to grow with no end in sight.
USA is going down the same path and yet they only have to take a glance over the Atlantic to see how well Austery pans out...what do they really hope to achieve?

And you think that higher taxes, bigger government and more debt will somehow help things? That's what go us in this mess in the first place! Greece, Italy and Spain are defaulting because they were living beyond their means. They are third world countries that, for a few decades, tried to live like they were first world. And to do that, they had to borrow a lot of money, which they had no way of repaying. At some point, the creditors said "wait a second, we are not lending you any more money, you've already borrowed too much". And that's when the house of cards fell apart. This should be a lesson for the rest of us.

Austerity is the only thing that can work in the long run. The only alternative is complete economic collapse.

 

[betheman]

And you think that higher taxes, bigger government and more debt will somehow help things? That's what go us in this mess in the first place! Greece, Italy and Spain are defaulting because they were living beyond their means. They are third world countries that, for a few decades, tried to live like they were first world. And to do that, they had to borrow a lot of money, which they had no way of repaying. At some point, the creditors said "wait a second, we are not lending you any more money, you've already borrowed too much". And that's when the house of cards fell apart. This should be a lesson for the rest of us.

Austerity is the only thing that can work in the long run. The only alternative is complete economic collapse.

Is that what I think? Where have I even implied that?
Im not sure bigger taxes, bigger Govt got us into this mess, they cost a lot definitely, it went to far….BUT that didn’t get us into ‘this mess’.
This mess, I am more and more convinced is engineered. Controlled defaulting by crazy bankers and governments.
Austerity isn’t working and wont work, its been in pace here in the UK for a while now and the debt is even more out of control. In Greece, Italy and Spain its facr worse, is Austerity working there? Is it fvck? Even if the governments had reduced spending years ago, the debt would still be present, cutting public services is a means of controlling the population, blame them, you got X,Y,Z now we need to reel it all in, thing is, the cuts are a drop in the ocean compared to the debt, so why is that?

 

[Who Dares Win]

And you think that higher taxes, bigger government and more debt will somehow help things? That's what go us in this mess in the first place! Greece, Italy and Spain are defaulting because they were living beyond their means. They are third world countries that, for a few decades, tried to live like they were first world. And to do that, they had to borrow a lot of money, which they had no way of repaying. At some point, the creditors said "wait a second, we are not lending you any more money, you've already borrowed too much". And that's when the house of cards fell apart. This should be a lesson for the rest of us.

Austerity is the only thing that can work in the long run. The only alternative is complete economic collapse.

First of all just curious to know how do you define first/second/third world countrie, maybe the gap between riches and poors? the availability of services? gdp per unit? maybe being there legal for its government to kill his own citizens with no trial?

Anyway the problem with this mess is mostly that the bankers were capitalists when they were gaining (our work our money was their motto) then they became socialist when losing (we lost money but after all we're all in the same boat so dont let us sink).

When they profit to each his own, when they fall then losses are "shared".

The problem with those countries is that they were run from greedy politicians which used the promise of a welfare paradise to have money passing through them with which they bough their villas and got votes by creating fake jobs (like the ones created for women and minorities in "1st world countries).

Anyway I agree with betheman and burrough, this mess is created for control purposes since europeans were not that eager to cease sovranity to make a super nation so in order to convince them, the threath or recession and riots were a useful mean, and lets not forget international bankers which are buying pieces of those countries for few coins, either strategical industries or "know how" for technologies.

Its actually and old trick that works for third world countries (the real ones) where you lend money to some dictator knowing that he will not be able to give them back, and once the debt is enough you force that country to cease natural resourches for few coins and if they dont comply you pass to proper warfare in the name of "democracy".
If you're curious about which countries have been victims to such process just see where american companies (which belong to american elites not to americans) are getting resourches for cheap and mc donalds are popping out.

 

[Bible_Belt]

The Pentagon squeezed in $98 million in contracts the day before the sequester hit: http://www.defense.gov/contracts/contract.aspx?contractid=4988

It's the contracts that are pissing away the pentagon's money, not employees. But as soon as they cut something, they cut employees. Compared to cancelling a few bad contracts, cutting the money from the pockets of working people is going to have ten times the economic impact, because that was money that they were already spending. The cuts might be a pin prick, but our economy is taking it right in the eyeball.

 

[goundra]

I hope it collapses soon, actually. 90+% NEED culling, REALLY badly.

 

[Bokanovsky]

Is that what I think? Where have I even implied that?
Im not sure bigger taxes, bigger Govt got us into this mess, they cost a lot definitely, it went to far….BUT that didn’t get us into ‘this mess’.
This mess, I am more and more convinced is engineered. Controlled defaulting by crazy bankers and governments.

Bankers are interested in establishing and perpetuating an economic system based on heavy borrowing, that much is true. But why would they intentionally try to bring about its collapse? How do bankers benefit from people and governments defaulting on their loans?

 

[Bokanovsky]

I mentioned a book in another thread titled "Confessions of an Economic Hitman".


The reason that you provide oversized loans to a nation is so that when the time comes when they are strapped and cannot pay them, you force concessions from them.

The book goes on in some detail how first they would send in the EHM's (Economic Hit Men". They would offer to modernize the country and pump up fake returns on the investment to get the leaders of the nation to agree to the deal.

Years later, when the nation could no longer service said loans, the lending institutions would allow smaller payments for a time in return for voting specific ways at the UN or some other concessions such as allowing specific companies to come in and extract resources.

Sometimes, the leader of a nation would refuse the EHM, at which point the jackals were called in. Their duty was to assassinate the leader.

And, in the event that the jackals failed, then in comes the actual invasion, based upon some case that was trumped up in the media.

A very interesting book, I highly recommend it.

This may explain the problems faced by some of the smaller third world nations, but it does not explain the massive debt accumulated by the U.S. No economic hitmen were sent to sabotage the U.S. economy. Americans did it to themselves. When you live in a house you can't afford (with a mortgage higher than the house's market value) that is filled with furniture you bought at a "don't pay until 2015" event, when you drive a brand new car that you borrowed $30-40K to buy, and when you have tens of thousands of dollars in credit card debt and can barely pay your monthly interest, it doesn't take an economist to understand that the good times won't last forever.

 

[Burroughs]

but it does not explain the massive debt accumulated by the U.S. No economic hitmen were sent to sabotage the U.S. economy.

Not true

Not by a longshot

To understand how you will have to dig deep.

...research the 'city of london'

not to be confused with london...the city of london is a sovereign state inside london...it authorizes printing ALL OF THE WORLD'S MONEY..

study the libor scandal

...our own US FED is subservient to the city of london....sobering really, given that most people believe a war of independence was fought between the US and england some hundreds of years ago :crackup:

money is an instrument of control....not a thing in itself ...this is why the poor fail to understand the elite...the poor believe in money as do the rich...the elite believe only in slavery

 

[Bokanovsky]

I fully agree with you that people borrowed money they didn't need to.

However, the issue at hand is far, far larger than that. Are you aware that money can only be borrowed into existence?

Have you thought about the ramifications of that?

Yes, it's called fractional reserve banking. Essentially, banks create money out of thin air when they give out loans. These ramifications are too extensive to describe in a post. There have been hundreds if not thousands of books written on this subject.

Let me pose a question to you, if you print your own money, how is it that you have a national debt?

If the government wants to increase spending, it can get the money in one of three ways:

a) Raise taxes (an unpopular measure with the electorate);
b) Print more money (leads to inflation and devaluation of the currency); or
c) Borrow money by selling government bonds.

Politically, #3 is the easiest option. There are no negative short-term ramifications to borrowing money. Of course, there are serious long-term ramifications, but the government of the day does not care about that. It will be a problem for some future president and congressmen to deal with.

 

[Burroughs]

money in its modern incarnation is a lie

its only purpose as as a means of creating debt

through debt all men and governments are slaves

since 1913 the US has been a slave to the FED

through the national debts of countries the world is enslaved

as long as bread and circus' are plentiful the people will NEVER realize this

there are prisons you can see

and there are prisons you cannot see