The New Appeal Of Communism

[Rshermr]

Thanks to Bernie, Democrats are finally out of closet as communists! Now if Sen.McCarthy askes them if they are communists they don't have to take the 5th.
Communism = leeches trying to live off the suckers who work..

"The six largest financial institutions in this country today hold assets equal to about 60% of the nation’s gross domestic product. These six banks issue more than two-thirds of all credit cards and over 35% of all mortgages. They control 95% of all derivatives and hold more than 40% of all bank deposits in the United States."
Bernie wants to tax Wall Street speculators/parasites.
Is that a problem for Libertarians?
Reforming Wall Street - Bernie Sanders

Poor con tools. Ignorance is abundant in the con tool mind. Not much else is in the con tool's mind, however..
Ed just cuts and pastes. He is an obvious congenital idiot, who is simply paid to cut and paste. The fact that he has no understanding is really not his fault. Congenital idiocy is a medical issue. We should feel pity for the poor tool.
Ed is very confused. He thinks communism and democratic socialism are the same thing. Poor sick boy. Not his fault. He is, in fact, mentally challenged.

 

[georgephillip]

Thanks to Bernie, Democrats are finally out of closet as communists! Now if Sen.McCarthy askes them if they are communists they don't have to take the 5th.
Communism = leeches trying to live off the suckers who work..

"The six largest financial institutions in this country today hold assets equal to about 60% of the nation’s gross domestic product. These six banks issue more than two-thirds of all credit cards and over 35% of all mortgages. They control 95% of all derivatives and hold more than 40% of all bank deposits in the United States."
Bernie wants to tax Wall Street speculators/parasites.
Is that a problem for Libertarians?
Reforming Wall Street - Bernie Sanders

Poor con tools. Ignorance is abundant in the con tool mind. Not much else is in the con tool's mind, however..
Ed just cuts and pastes. He is an obvious congenital idiot, who is simply paid to cut and paste. The fact that he has no understanding is really not his fault. Congenital idiocy is a medical issue. We should feel pity for the poor tool.
Ed is very confused. He thinks communism and democratic socialism are the same thing. Poor sick boy. Not his fault. He is, in fact, mentally challenged.

Cons often appear indifferent to, or ignorant of, the "magical" effects of compound interest on a society's ability to fund itself:
"The problem of debts growing faster than the economy has been acknowledged by practically every society. Religious leaders have warned that maintaining a viable economy requires keeping creditors in check. That is why early Christianity and Islam took the radical step of banning the charging of interest altogether, even for commercial loans. It is why Judaism placed the Jubilee Year’s debt cancellation at the core of Mosaic Law, based on a Babylonian practice extending back to 2000 BC, and to the Sumerian tradition in the millennium before that."
Maybe they just can't stop seeking that moral justification for selfishness?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 28)

 

[bripat9643]

Thanks to Bernie, Democrats are finally out of closet as communists! Now if Sen.McCarthy askes them if they are communists they don't have to take the 5th.
Communism = leeches trying to live off the suckers who work..

"The six largest financial institutions in this country today hold assets equal to about 60% of the nation’s gross domestic product. These six banks issue more than two-thirds of all credit cards and over 35% of all mortgages. They control 95% of all derivatives and hold more than 40% of all bank deposits in the United States."
Bernie wants to tax Wall Street speculators/parasites.
Is that a problem for Libertarians?
Reforming Wall Street - Bernie Sanders

Poor con tools. Ignorance is abundant in the con tool mind. Not much else is in the con tool's mind, however..
Ed just cuts and pastes. He is an obvious congenital idiot, who is simply paid to cut and paste. The fact that he has no understanding is really not his fault. Congenital idiocy is a medical issue. We should feel pity for the poor tool.
Ed is very confused. He thinks communism and democratic socialism are the same thing. Poor sick boy. Not his fault. He is, in fact, mentally challenged.

Cons often appear indifferent to, or ignorant of, the "magical" effects of compound interest on a society's ability to fund itself:
"The problem of debts growing faster than the economy has been acknowledged by practically every society. Religious leaders have warned that maintaining a viable economy requires keeping creditors in check. That is why early Christianity and Islam took the radical step of banning the charging of interest altogether, even for commercial loans. It is why Judaism placed the Jubilee Year’s debt cancellation at the core of Mosaic Law, based on a Babylonian practice extending back to 2000 BC, and to the Sumerian tradition in the millennium before that."
Maybe they just can't stop seeking that moral justification for selfishness?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 28)

What's your point, that the government should make charging interest illegal?

 

[georgephillip]

Thanks to Bernie, Democrats are finally out of closet as communists! Now if Sen.McCarthy askes them if they are communists they don't have to take the 5th.
Communism = leeches trying to live off the suckers who work..

"The six largest financial institutions in this country today hold assets equal to about 60% of the nation’s gross domestic product. These six banks issue more than two-thirds of all credit cards and over 35% of all mortgages. They control 95% of all derivatives and hold more than 40% of all bank deposits in the United States."
Bernie wants to tax Wall Street speculators/parasites.
Is that a problem for Libertarians?
Reforming Wall Street - Bernie Sanders

Poor con tools. Ignorance is abundant in the con tool mind. Not much else is in the con tool's mind, however..
Ed just cuts and pastes. He is an obvious congenital idiot, who is simply paid to cut and paste. The fact that he has no understanding is really not his fault. Congenital idiocy is a medical issue. We should feel pity for the poor tool.
Ed is very confused. He thinks communism and democratic socialism are the same thing. Poor sick boy. Not his fault. He is, in fact, mentally challenged.

Cons often appear indifferent to, or ignorant of, the "magical" effects of compound interest on a society's ability to fund itself:
"The problem of debts growing faster than the economy has been acknowledged by practically every society. Religious leaders have warned that maintaining a viable economy requires keeping creditors in check. That is why early Christianity and Islam took the radical step of banning the charging of interest altogether, even for commercial loans. It is why Judaism placed the Jubilee Year’s debt cancellation at the core of Mosaic Law, based on a Babylonian practice extending back to 2000 BC, and to the Sumerian tradition in the millennium before that."
Maybe they just can't stop seeking that moral justification for selfishness?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 28)

What's your point, that the government should make charging interest illegal?

No. I personally believe mortgage interest should be capped at 2% and credit cards at 6%, and Americans deserve their own version of JubileeJubilee (biblical) - Wikipedia, the free encyclopedia.

 

[bripat9643]

Thanks to Bernie, Democrats are finally out of closet as communists! Now if Sen.McCarthy askes them if they are communists they don't have to take the 5th.
Communism = leeches trying to live off the suckers who work..

"The six largest financial institutions in this country today hold assets equal to about 60% of the nation’s gross domestic product. These six banks issue more than two-thirds of all credit cards and over 35% of all mortgages. They control 95% of all derivatives and hold more than 40% of all bank deposits in the United States."
Bernie wants to tax Wall Street speculators/parasites.
Is that a problem for Libertarians?
Reforming Wall Street - Bernie Sanders

Poor con tools. Ignorance is abundant in the con tool mind. Not much else is in the con tool's mind, however..
Ed just cuts and pastes. He is an obvious congenital idiot, who is simply paid to cut and paste. The fact that he has no understanding is really not his fault. Congenital idiocy is a medical issue. We should feel pity for the poor tool.
Ed is very confused. He thinks communism and democratic socialism are the same thing. Poor sick boy. Not his fault. He is, in fact, mentally challenged.

Cons often appear indifferent to, or ignorant of, the "magical" effects of compound interest on a society's ability to fund itself:
"The problem of debts growing faster than the economy has been acknowledged by practically every society. Religious leaders have warned that maintaining a viable economy requires keeping creditors in check. That is why early Christianity and Islam took the radical step of banning the charging of interest altogether, even for commercial loans. It is why Judaism placed the Jubilee Year’s debt cancellation at the core of Mosaic Law, based on a Babylonian practice extending back to 2000 BC, and to the Sumerian tradition in the millennium before that."
Maybe they just can't stop seeking that moral justification for selfishness?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 28)

What's your point, that the government should make charging interest illegal?

No. I personally believe mortgage interest should be capped at 2% and credit cards at 6%, and Americans deserve their own version of JubileeJubilee (biblical) - Wikipedia, the free encyclopedia.

Take a look at the countries that impose such restrictions. What do you see?

 

[georgephillip]

"The six largest financial institutions in this country today hold assets equal to about 60% of the nation’s gross domestic product. These six banks issue more than two-thirds of all credit cards and over 35% of all mortgages. They control 95% of all derivatives and hold more than 40% of all bank deposits in the United States."
Bernie wants to tax Wall Street speculators/parasites.
Is that a problem for Libertarians?
Reforming Wall Street - Bernie Sanders

Poor con tools. Ignorance is abundant in the con tool mind. Not much else is in the con tool's mind, however..
Ed just cuts and pastes. He is an obvious congenital idiot, who is simply paid to cut and paste. The fact that he has no understanding is really not his fault. Congenital idiocy is a medical issue. We should feel pity for the poor tool.
Ed is very confused. He thinks communism and democratic socialism are the same thing. Poor sick boy. Not his fault. He is, in fact, mentally challenged.

Cons often appear indifferent to, or ignorant of, the "magical" effects of compound interest on a society's ability to fund itself:
"The problem of debts growing faster than the economy has been acknowledged by practically every society. Religious leaders have warned that maintaining a viable economy requires keeping creditors in check. That is why early Christianity and Islam took the radical step of banning the charging of interest altogether, even for commercial loans. It is why Judaism placed the Jubilee Year’s debt cancellation at the core of Mosaic Law, based on a Babylonian practice extending back to 2000 BC, and to the Sumerian tradition in the millennium before that."
Maybe they just can't stop seeking that moral justification for selfishness?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 28)

What's your point, that the government should make charging interest illegal?

No. I personally believe mortgage interest should be capped at 2% and credit cards at 6%, and Americans deserve their own version of JubileeJubilee (biblical) - Wikipedia, the free encyclopedia.

Take a look at the countries that impose such restrictions. What do you see?

I don't think I would see anything as scary as this:

This country is being buried in debt.

 

[Uncensored2008]

I don't think I would see anything as scary as this:

This country is being buried in debt.

So what you're saying is that you want to return America to abject poverty so that people will accept a dollar a day in wages, and thus will be competative with third world hell holes in labor cost.

 

[georgephillip]

So what you're saying is that you want to return America to abject poverty so that people will accept a dollar a day in wages, and thus will be competative with third world hell holes in labor cost.

No, I don't want to see that level of misery inflicted upon a majority of Americans just as I don't want to see a replay of Aristotle's eternal triangle.

"We are living today in a transition period much like that of Athens c. 330 BC when Aristotle wrote his Politics.

"Seeing inequality widen as his citystate became an empire, he described how wealthy families tend to emerge within democracies to become a financial oligarchy. Book V of Politics traces how these oligarchies indebt a rising proportion of the population to themselves, creating hereditary estates on which to found aristocratic dynasties.

"In time, rivalries develop within the leading aristocratic families, and some decide to overthrow other elites of the old order by “taking the multitude into their camp.'

"In the 7th century BC, populist tyrants gained power in Corinth and other wealthy Greek cities by canceling the debts, redistributing the land and driving the old ruling elites into exile.

"Democracy was introduced more peacefully by reformers in 6th-century Athens. Solon banned debt bondage in 594, and Kleisthenes locked in political democracy in 508.

"But an oligarchy emerged once again, to be followed by aristocracy, democracy, and so on in Aristotle’s eternal political triangle. Destruction of democracy by the creditors and property owners who..."
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p.191)

 

[EdwardBaiamonte]

So what you're saying is that you want to return America to abject poverty.

libsocialism causes poverty as USSR and Red China indicated by the slow starvation of 120 million human souls. Capitalism causes huge, well distributed wealth since the capitalist must sell to the masses to get really wealthy. 1+1=2

 

[georgephillip]

libsocialism causes poverty as USSR and Red China indicated by the slow starvation of 120 million human souls. Capitalism causes huge, well distributed wealth since the capitalist must sell to the masses to get really wealthy. 1+1=2

What does the Rule of 72 sum to?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p.31)
"The Rule of 72 A mathematical principle called the 'Rule of 72' provides a quick way to calculate such doubling times: Divide 72 by any given rate of interest, and you have the doubling time.

"To double money at 8 percent annual interest, divide 72 by 8.

"The answer is 9 years. In another 9 years the original principal will have multiplied fourfold, and in 27 years it will have grown to eight times the original sum.

"A loan at 6 percent doubles in 12 years, and at 4 percent in 18 years.

"This rule provides a quick way to approximate the number of years needed for savings accounts or prices to double at a given compound..."

 

[EdwardBaiamonte]

libsocialism causes poverty as USSR and Red China indicated by the slow starvation of 120 million human souls. Capitalism causes huge, well distributed wealth since the capitalist must sell to the masses to get really wealthy. 1+1=2

What does the Rule of 72 sum to?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p.31)
"The Rule of 72 A mathematical principle called the 'Rule of 72' provides a quick way to calculate such doubling times: Divide 72 by any given rate of interest, and you have the doubling time.

"To double money at 8 percent annual interest, divide 72 by 8.

"The answer is 9 years. In another 9 years the original principal will have multiplied fourfold, and in 27 years it will have grown to eight times the original sum.

"A loan at 6 percent doubles in 12 years, and at 4 percent in 18 years.

"This rule provides a quick way to approximate the number of years needed for savings accounts or prices to double at a given compound..."

cut and paste because you lack ability for substance

 

[Uncensored2008]

What does the Rule of 72 sum to?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p.31)
"The Rule of 72 A mathematical principle called the 'Rule of 72' provides a quick way to calculate such doubling times: Divide 72 by any given rate of interest, and you have the doubling time.

"To double money at 8 percent annual interest, divide 72 by 8.

"The answer is 9 years. In another 9 years the original principal will have multiplied fourfold, and in 27 years it will have grown to eight times the original sum.

"A loan at 6 percent doubles in 12 years, and at 4 percent in 18 years.

"This rule provides a quick way to approximate the number of years needed for savings accounts or prices to double at a given compound..."

The reason you are a Communist, is that you have zero grasp of economics.

Tell me comrade, would you rather have $100 today, or $100 in ten years? Obviously you want it today, the future value of that $100 will be a fraction of the $100 today, At a discount rate of 4%, the present value of $100 in 10 years, is $56 today.

Present value and future value are vital concepts for grasping how finance and economic work. If you put $100 in a bank account with a 2% interest rate, and the rate of inflation is 3.5%, what is the future value after 10 years? Will you have more, or less purchasing power?

Because you don't grasp these concepts, you advocate idiocy that will brutally fuck the average person, stripping them of wealth.

 

[EdwardBaiamonte]

The reason you are a Communist, is that you have zero grasp of economics.

exactly, when you are perfectly ignorant your only option is to believe in magical govt.

 

[bripat9643]

Poor con tools. Ignorance is abundant in the con tool mind. Not much else is in the con tool's mind, however..
Ed just cuts and pastes. He is an obvious congenital idiot, who is simply paid to cut and paste. The fact that he has no understanding is really not his fault. Congenital idiocy is a medical issue. We should feel pity for the poor tool.
Ed is very confused. He thinks communism and democratic socialism are the same thing. Poor sick boy. Not his fault. He is, in fact, mentally challenged.

Cons often appear indifferent to, or ignorant of, the "magical" effects of compound interest on a society's ability to fund itself:
"The problem of debts growing faster than the economy has been acknowledged by practically every society. Religious leaders have warned that maintaining a viable economy requires keeping creditors in check. That is why early Christianity and Islam took the radical step of banning the charging of interest altogether, even for commercial loans. It is why Judaism placed the Jubilee Year’s debt cancellation at the core of Mosaic Law, based on a Babylonian practice extending back to 2000 BC, and to the Sumerian tradition in the millennium before that."
Maybe they just can't stop seeking that moral justification for selfishness?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 28)

What's your point, that the government should make charging interest illegal?

No. I personally believe mortgage interest should be capped at 2% and credit cards at 6%, and Americans deserve their own version of JubileeJubilee (biblical) - Wikipedia, the free encyclopedia.

Take a look at the countries that impose such restrictions. What do you see?

I don't think I would see anything as scary as this:

This country is being buried in debt.

Even if it were, your graph doesn't prove it. What's "scary" about it?

 

[bripat9643]

libsocialism causes poverty as USSR and Red China indicated by the slow starvation of 120 million human souls. Capitalism causes huge, well distributed wealth since the capitalist must sell to the masses to get really wealthy. 1+1=2

What does the Rule of 72 sum to?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p.31)
"The Rule of 72 A mathematical principle called the 'Rule of 72' provides a quick way to calculate such doubling times: Divide 72 by any given rate of interest, and you have the doubling time.

"To double money at 8 percent annual interest, divide 72 by 8.

"The answer is 9 years. In another 9 years the original principal will have multiplied fourfold, and in 27 years it will have grown to eight times the original sum.

"A loan at 6 percent doubles in 12 years, and at 4 percent in 18 years.

"This rule provides a quick way to approximate the number of years needed for savings accounts or prices to double at a given compound..."

Yeah? So?

 

[georgephillip]

Present value and future value are vital concepts for grasping how finance and economic work. If you put $100 in a bank account with a 2% interest rate, and the rate of inflation is 3.5%, what is the future value after 10 years? Will you have more, or less purchasing power?

Do you want to know the biggest problem with Libs like you?

You think small:

"The eighteenth-century philosopher Richard Price identified this miracle of compound interest and observed, somewhat ruefully, that had he been able to go back to the day Jesus was born and save a single penny—at 5 percent interest, compounded annually—he would have earned himself a solid gold sphere 150 million times bigger than earth."
http://michael-hudson.com/wp-content/uploads/2010/03/RoadToSerfdom.pdf

 

[bripat9643]

Present value and future value are vital concepts for grasping how finance and economic work. If you put $100 in a bank account with a 2% interest rate, and the rate of inflation is 3.5%, what is the future value after 10 years? Will you have more, or less purchasing power?

Do you want to know the biggest problem with Libs like you?

You think small:

"The eighteenth-century philosopher Richard Price identified this miracle of compound interest and observed, somewhat ruefully, that had he been able to go back to the day Jesus was born and save a single penny—at 5 percent interest, compounded annually—he would have earned himself a solid gold sphere 150 million times bigger than earth."
http://michael-hudson.com/wp-content/uploads/2010/03/RoadToSerfdom.pdf

So what's your point?

 

[georgephillip]

cut and paste because you lack ability for substance

Why don't you tell us if you believe Aristotle was confused about an eternal political triangle involving democracy, oligarchy, and aristocracy? It would appear from the last two to three thousand years of history, "the driving force in the transition from democracy to oligarchy has been the fight by creditors against debtors."
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 191)
The Magic of Compound Interest?

 

[bripat9643]

cut and paste because you lack ability for substance

Why don't you tell us if you believe Aristotle was confused about an eternal political triangle involving democracy, oligarchy, and aristocracy? It would appear from the last two to three thousand years of history, "the driving force in the transition from democracy to oligarchy has been the fight by creditors against debtors."
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 191)
The Magic of Compound Interest?

Virtually any form of government can be described as an "oligarchy." The term is virtually meaningless.

 

[georgephillip]

Cons often appear indifferent to, or ignorant of, the "magical" effects of compound interest on a society's ability to fund itself:
"The problem of debts growing faster than the economy has been acknowledged by practically every society. Religious leaders have warned that maintaining a viable economy requires keeping creditors in check. That is why early Christianity and Islam took the radical step of banning the charging of interest altogether, even for commercial loans. It is why Judaism placed the Jubilee Year’s debt cancellation at the core of Mosaic Law, based on a Babylonian practice extending back to 2000 BC, and to the Sumerian tradition in the millennium before that."
Maybe they just can't stop seeking that moral justification for selfishness?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 28)

What's your point, that the government should make charging interest illegal?

No. I personally believe mortgage interest should be capped at 2% and credit cards at 6%, and Americans deserve their own version of JubileeJubilee (biblical) - Wikipedia, the free encyclopedia.

Take a look at the countries that impose such restrictions. What do you see?

I don't think I would see anything as scary as this:

This country is being buried in debt.

Even if it were, your graph doesn't prove it. What's "scary" about it?

"ren·tier
ˌränˈtyā/
noun

1. a person living on income from property or investments."

Google
Today's rentier class has stood the traditional political program on its head. The alliance of real estate, finance, and insurance, along with natural resource monopolies hijack democracy to promote privatization and rent extraction. Their notion of a "free" market has been redefined to mean freedom for financial parasites to extract unearned income from public resources.