Trump is the Sign of US Capitalism's Collapse

[Thinker101]

Yep, your way makes so much more sense...dumbass.

Assholes manipulating Americans...dumbass.

 

[georgephillip]

Do you realize how boring you are?
Did you ever ask yourself why the supposed oppressed are oppressed?
Maybe it's 50 years of welfare.
And isn't it great that the Native Americans never warred with each other?
You fucking idiot.

Are you having trouble finding examples of white supremacy's cultural contribution to MAGA, Moron?

"What is cultural racism?

"Cultural racism is how the dominant culture is founded upon and then shapes norms, values, beliefs and standards to advantage white people and oppress People of Color.

"Cultural racism is how the dominant culture defines reality to advantage white people and oppress People of Color."

WHITE SUPREMACY CULTURE

 

[georgephillip]

Do you realize how boring you are?
Did you ever ask yourself why the supposed oppressed are oppressed?
Maybe it's 50 years of welfare.
And isn't it great that the Native Americans never warred with each other?
You fucking idiot.

There is not much difference between us and Venezuela. Its just that we are one of the last nations on the list to lose confidence over from other nations. However, what we do can and will affect people here and overseas.

The US maintains one significant advantage over Venezuela and virtually every other nation on the planet (besides the world's largest military)

Reserve currency - Wikipedia


"A reserve currency (or anchor currency) is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign exchange reserves.

"The reserve currency can be used in international transactions, international investments and all aspects of the global economy. It is often considered a hard currency or safe-haven currency.

"The United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century.[1]

"However, by the end of the 20th century, the United States dollar was considered the world's dominant reserve currency.[2]

"The world's need for dollars has allowed the United States government as well as Americans to borrow at lower costs, giving the United States an advantage in excess of $100 billion per year.[3]"

 

[georgephillip]

Where does all that money come from?

The same place as the trillion$ used to prop up the stock market over the past decade:

Holding the Bailout Bag | Michael Hudson

"All this money is coming into the market from the 10 trillion dollar bailout via the Federal Reserve.

"The Federal Reserve is going out directly and is buying stocks, bonds, junk bonds, mortgages, junk mortgages, all to prop up the value of assets.

"Now, when it’s putting this money into the stock market, it’s buying stocks that are already issued and have long since —the proceeds have been spent on building factories or enterprises or as means of making money.

"So none of this bailout money, none of this 10 trillion going into the stock market has any effect at all on the real economy of production and consumption. It’s solely to support the assets that are held almost eighty five percent by the wealthiest 10 percent of the economy."

 

[georgephillip]

Who the hell is Richard Wolff? You almost gotta laugh that hypocrites in "counterpunch.org" get rich preaching to stupid left wingers about the evils of capitalism.

Can you almost mention anyone at Counterpunch who's getting rich?
Probably not

Richard D. Wolff - Wikipedia

"Wolff earned a BA magna cum laude in history from Harvard in 1963 and moved on to Stanford—he attained an MA in economics in 1964—to study with Paul A. Baran.

"Baran died prematurely from a heart attack in 1964 and Wolff transferred to Yale University, where he received an MA in economics in 1966, MA in history in 1967, and a PhD in economics in 1969.

"As a graduate student at Yale, Wolff worked as an instructor.[1]

"His dissertation, "Economic Aspects of British Colonialism in Kenya, 1895–1930',[11] was eventually published in book form in 1974. "

 

[Toddsterpatriot]

Do you realize how boring you are?
Did you ever ask yourself why the supposed oppressed are oppressed?
Maybe it's 50 years of welfare.
And isn't it great that the Native Americans never warred with each other?
You fucking idiot.

There is not much difference between us and Venezuela. Its just that we are one of the last nations on the list to lose confidence over from other nations. However, what we do can and will affect people here and overseas.

The US maintains one significant advantage over Venezuela and virtually every other nation on the planet (besides the world's largest military)

Reserve currency - Wikipedia


"A reserve currency (or anchor currency) is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign exchange reserves.

"The reserve currency can be used in international transactions, international investments and all aspects of the global economy. It is often considered a hard currency or safe-haven currency.

"The United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century.[1]

"However, by the end of the 20th century, the United States dollar was considered the world's dominant reserve currency.[2]

"The world's need for dollars has allowed the United States government as well as Americans to borrow at lower costs, giving the United States an advantage in excess of $100 billion per year.[3]"

It's true, no one wants to hold the currency of Cuba, Venezuela or Russia.
Because commie shitholes suck.

 

[Toddsterpatriot]

Where does all that money come from?

The same place as the trillion$ used to prop up the stock market over the past decade:

Holding the Bailout Bag | Michael Hudson

"All this money is coming into the market from the 10 trillion dollar bailout via the Federal Reserve.

"The Federal Reserve is going out directly and is buying stocks, bonds, junk bonds, mortgages, junk mortgages, all to prop up the value of assets.

"Now, when it’s putting this money into the stock market, it’s buying stocks that are already issued and have long since —the proceeds have been spent on building factories or enterprises or as means of making money.

"So none of this bailout money, none of this 10 trillion going into the stock market has any effect at all on the real economy of production and consumption. It’s solely to support the assets that are held almost eighty five percent by the wealthiest 10 percent of the economy."

"Now, when it’s putting this money into the stock market, it’s buying stocks that are already issued and have long since —the proceeds have been spent on building factories or enterprises or as means of making money.

The Fed hasn't bought stocks.

 

[BrokeLoser]

There's a Crisis in US Capitalism - CounterPunch.org

"Trump is a product and sign of U.S. capitalism’s exhaustion.

"The long, cozy governmental alternation between GOP and Democrats after the trauma of the 1930s Great Depression had achieved its purpose.

"It had undone FDR’s redistribution of wealth from the top to the middle and the bottom. It had 'fixed' that problem by reversing the redistribution of wealth and income.

"The ideological cover for that 'fix' was bipartisan demonization of domestic socialism combined with bipartisan pursuit of Cold War with the USSR.

"The major GOP vs. Democratic Party dispute concerned the modes and extents of governmental support for private capitalism (as in Keynes vs. Friedman, etc.). That minor squabble got raised to the status of 'the major issue' for politicians, journalists, and academics to debate because they caved to the taboo on debates over capitalism vs. socialism."

The Coronavirus has given the US Capitalists a reason to delay their move to New Zealand.

For at least a decade serious investors have known that debts that can't be repaid won't be repaid. With consumer and corporate debt at record levels and major Wall Street banks who've made loans and guarantees which can NOT be covered WITHOUT support from the Fed, serious investors have known a major break in the chain of payment is inevitable.

Covid-19 has provided the government owned by the investor class a good reason to create trillion$ ostensibly for "small businesses."

Who among us is gullible enough to believe that con?

The crony-capitalist who destroyed Capitalism?

The Big Banks' Ticking Time Bomb that Could Cause the Next Recession | DCReport.org

George does JoeB131 know that you are the General of the Free Shit Army?

 

[georgephillip]

Assholes manipulating Americans...dumbass.

The vicious economic exploitation by rich parasites from slavery onwards has been central to the oppression of African-Americans, making it necessary for the prevailing power structure and its major media arms to separate racial justice from economic justice.

Protesters negotiate with local officials over leaving Seattle 'autonomous zone'

"The Seattle Police Department has negotiated with Black Lives Matter (BLM) protesters who have occupied a six-block radius for most of the week after driving police from the local precinct.

"Demonstrators in the city, who had clashed with Seattle police repeatedly during protests over the death of George Floyd in Minneapolis police custody, forced officers out of the East Precinct station at the beginning of the week, dubbing the area the Capitol Hill Autonomous Zone (CHAZ)..."

"Seattle Mayor Jenny Durkan (D) has agreed to invest at least $100 million the city's minority communities and is also establishing a community-driven Black Commission."

Imho, Biden and Trump are on the side of rich assholes when it comes to economic justice.

 

[BrokeLoser]

Assholes manipulating Americans...dumbass.

The vicious economic exploitation by rich parasites from slavery onwards has been central to the oppression of African-Americans, making it necessary for the prevailing power structure and its major media arms to separate racial justice from economic justice.

Protesters negotiate with local officials over leaving Seattle 'autonomous zone'

"The Seattle Police Department has negotiated with Black Lives Matter (BLM) protesters who have occupied a six-block radius for most of the week after driving police from the local precinct.

"Demonstrators in the city, who had clashed with Seattle police repeatedly during protests over the death of George Floyd in Minneapolis police custody, forced officers out of the East Precinct station at the beginning of the week, dubbing the area the Capitol Hill Autonomous Zone (CHAZ)..."

"Seattle Mayor Jenny Durkan (D) has agreed to invest at least $100 million the city's minority communities and is also establishing a community-driven Black Commission."

Imho, Biden and Trump are on the side of rich assholes when it comes to economic justice.

Dude, please just do what we all do...GET A JOB and make good decisions. It really is just that simple.

 

[Toddsterpatriot]

Assholes manipulating Americans...dumbass.

The vicious economic exploitation by rich parasites from slavery onwards has been central to the oppression of African-Americans, making it necessary for the prevailing power structure and its major media arms to separate racial justice from economic justice.

Protesters negotiate with local officials over leaving Seattle 'autonomous zone'

"The Seattle Police Department has negotiated with Black Lives Matter (BLM) protesters who have occupied a six-block radius for most of the week after driving police from the local precinct.

"Demonstrators in the city, who had clashed with Seattle police repeatedly during protests over the death of George Floyd in Minneapolis police custody, forced officers out of the East Precinct station at the beginning of the week, dubbing the area the Capitol Hill Autonomous Zone (CHAZ)..."

"Seattle Mayor Jenny Durkan (D) has agreed to invest at least $100 million the city's minority communities and is also establishing a community-driven Black Commission."

Imho, Biden and Trump are on the side of rich assholes when it comes to economic justice.

The vicious economic exploitation by rich parasites

In great Soviet Union there was no economic exploitation because there were no rich parasites.

That's why the USSR has the greatest economy the world has ever seen, eh tovarisch?

 

[georgephillip]

George does @JoeB131 know that you are the General of the Free Shit Army?

Who's your general?

 

[georgephillip]

Dude, please just do what we all do...GET A JOB and make good decisions. It really is just that simple.

Tell me who "we" is:

The three ultra-rich families battling for control of the Republican party

"...'A close examination of wealth in the U.S. finds evidence of staggering racial disparities,' the Brookings Institution reported this year.

"The latest figures show that “the net worth of a typical white family is nearly 10 times greater than that of a black family.'

"Those wealth gaps 'reveal the effects of accumulated inequality and discrimination, as well as differences in power and opportunity that can be traced back to this nation’s inception.'"

Corporate Media Are Focusing on Race–and Dodging Class - CounterPunch.org

 

[Toddsterpatriot]

Dude, please just do what we all do...GET A JOB and make good decisions. It really is just that simple.

Tell me who "we" is:

The three ultra-rich families battling for control of the Republican party

"...'A close examination of wealth in the U.S. finds evidence of staggering racial disparities,' the Brookings Institution reported this year.

"The latest figures show that “the net worth of a typical white family is nearly 10 times greater than that of a black family.'

"Those wealth gaps 'reveal the effects of accumulated inequality and discrimination, as well as differences in power and opportunity that can be traced back to this nation’s inception.'"

Corporate Media Are Focusing on Race–and Dodging Class - CounterPunch.org

"The latest figures show that “the net worth of a typical white family is nearly 10 times greater than that of a black family.'


It's true, the damage the Great Society did to intact black families impacts net worth.
Hard to build up any wealth when you're having babies out of wedlock and collecting welfare.
At least it got them voting for Dems, eh?

 

[BrokeLoser]

Dude, please just do what we all do...GET A JOB and make good decisions. It really is just that simple.

Tell me who "we" is:

The three ultra-rich families battling for control of the Republican party

"...'A close examination of wealth in the U.S. finds evidence of staggering racial disparities,' the Brookings Institution reported this year.

"The latest figures show that “the net worth of a typical white family is nearly 10 times greater than that of a black family.'

"Those wealth gaps 'reveal the effects of accumulated inequality and discrimination, as well as differences in power and opportunity that can be traced back to this nation’s inception.'"

Corporate Media Are Focusing on Race–and Dodging Class - CounterPunch.org

Wait a minute...are you inferring that wealthy white families force ShaQuita to drop out of 9th grade and have two baby daddy’s by age 15?