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Posts Tagged ‘Capitalism’

Have you been watching, reading or following what has been going on in Europe with the Greek debt and now its Italy and Spain that may also need bailing out. What the hell is going on over there in socialist Europe? The socialist have finally run out of people to steal from! They can’t decide on how they’re going to print $600 billion in Euros and who’s going to be responsible to pay for that.

The latest speculation is a breakup of the European Union and a reforming of a smaller number of countries into a new union. If that happens what happens to the seven little pigs and France becomes one of them and they seem to forget that. French banks hold a lot of debt in Italy and Greek government debt. This debt is also termed by the media as sovereign debt which means government deficit spending just like we have in America it’s the same thing that’s currently destroying Europe.

What does this mean for America how will it affect you and your money?

First the liberal fringe news media whom you know are all liberal, progressives’ democrats or socialists by another name. They are hiding behind words in plain sight of a dumbed down undereducated public. While the liberals spin twist and lie about what is happening in Europe to hide the failure of their political beliefs that socialism is better than capitalism I will only tell you the scary truth.

Too much socialism worldwide has collapsed the capitalist system that supports the socialism and the parasite has killed the host. That’s why the wage base has dropped so severely in the last 4 years and now 52% of working Americans are under the middle class income bracket and the poverty level is increasing faster than it ever has before. We are turning into a third world country at lightning speed right now and the middle class only makes up 42% of the workers as wages keep dropping. The tax base hasn’t gone up in 4 years now and the federal deficits keep getting bigger.

The cost of labor keeps going up because of the new Obama healthcare rules which is included in wages cost to an employer that provides healthcare coverage to their employees. This is reported in the wage base numbers the department of labor monthly reports. Overall the wages being paid to employees are being forced down at the lower end and 49 million people have been pink slipped or fired in the last 4 years most have found new low paying Obama jobs at McDonald’s or wall mart. This is the liberal progressive democrats and Obama’s economy. This is what socialism does it redistributes wealth and creates a one class system just like in Marxist communism there is only one class and everyone is equally poor. That’s not a bumper sticker slogan that is how Carl Marx designed the communist economic system a one class system of poverty there’s your equality and everyone suffers equally.

America is getting a big sampling now of what Europe has had since the second world war an economy that only grows at the inflation rate or no real growth at all. How does it feel to be like socialist Europe?

What’s really going on now in Europe is they are trying to find hundreds of billions of dollars to put into the banks and they are blaming the banks for being under the 10% liquidity limits set by banking regulations. Where did all the money go? The government deficits and the barrowing by the governments from the banks took all their available cash and there’s none left to steal whoops I mean barrow, know I mean steal as in theft because eventually the end game is the people are responsible to pay the debt with their taxes thus they are stealing your future and the future of all the children just like we are in America. This is how socialism is supposed to work; wealth redistribution is what socialist economic systems do.

All the historical evidence of Socialism proves it is a parasite that always kills the host.

Now that banks have been dried out by the government’s barrowing all the money as the shell game goes on and on. If the European Union does get their act together and they do figure out a way and come to an agreement on how to print barrow or steal a total of about $600 billion it only fixes the problem for about 6 months and they will be back at this again by spring of 2012. (That year keeps coming up?)

The larger world problem is what happens if they don’t fix things now or later.

What is being reported is that American banks haven’t loaned any money to Greece or Italy directly but they have loaned money to France and German banks which are huge holders of Greek and Italy debt along with Portugal, Spain, Ireland, Belgium and most recently France is the new pig because it holds so much of the other pig’s debt. If Greece defaults on its debt than Italy will probably go with it as confidence in their ability to pay is lost. Than the French banks become at risk or insolvent than American banks are at risk for the money loaned to them for billions of dollars lost or at risk in this new self-created mess or a domino effect of bank failures due to government debt caused from all their socialism. The liberal progressive news media will continue to blame it on the banks.

American zombie banks will become the new pigs in America they will have to be bailed out by someone or become insolvent and close their doors like Indy Mac in California. Depositors could lose all their money if there’s another slew of bank runs like we had just 3 years ago because our government can’t afford to keep bailing out the banks there’s no more money left. The FDIC insurance just had to get a bailout last week as they ran out of money too.

We have even bigger problems this time for many reasons.

There is a market called the derivatives market which is like insurance on all forms of investments including government debt. This is like the credit default swaps that AIG sold insurance on that collapsed in 2008 when the entire banking system collapse and hundreds of billions had to be paid by AIG and other like kind insurance companies. The credit default swap market was valued at around $60 trillion in 2008 and now it’s about half that or about $30 trillion. Rumor has it that’s the credit default market has locked up again in the past few days in Europe.

The bigger problem here is this derivatives market it is over $600 trillion. (Yes that’s trillion with a T) This is why they had to bail out AIG it wasn’t just the jobs that would be lost from their collapse or the credit default swaps that the banks were holding. It was the derivatives market they needed to save by saving the AIG and make this overlapping insurance system whole again. Governments did not want anyone to know about the derivatives market at least not the general public anyway. They were afraid of a full-scale bank run that wouldn’t stop like in the 1930s bank collapse and that caused the great depression to be great and stay great. This is getting ready to happen again when Europe’s banks go down we will go with them because all our economic systems and the banks are so tied together it is unavoidable.

We are in really bad shape compared to 2008 let’s take a look at then and now. In 2008 we only had a $10 trillion federal debt now its $15 trillion and increases by $120 to $130 billion every month.

We are now barrowing or printing 43% of all federal government spending. In 2007 barrowing was only 3% the economy was bigger and the deficit was much smaller

We have very high unemployment 9.1% and that’s a very deluded number the real number is much higher around 17%. In 2007 unemployment was 5%

A disappearing middle class

Only jobs available are low paying jobs in Obama’s economy, except in North Dakota due to new oil being mined there but that not something that’s Obama’s idea if he could he would stop it.

Federal deficits of $1.9 trillion a year when including on and off budget deficits.

We are in an entirely different position now then back in 2007. The government cannot afford another bailout like in 2008. If the credit defaults swaps lock up again and if the derivative insurance market blows up there’s no one or any group of countries to bail that out again under existing circumstances.

I got news for you; that derivatives market doesn’t have to blow up to collapse the system. If you look at the hard time Europe is having trying to come to an agreement on how to come up with $600 billion and then consider the supper committee has made it public they will admit defeat on Monday October 21 2011 and they can’t come up with $120 billion in cuts and revenues/taxes. what do you thing will happen when they need trillions more to bail out the system again under all these circumstances and the clock will be ticking while fear and panic will be the only outcome.

Europe’s has no money left now and they need hundreds of billions to get them into next year. Even if they do get their act together this will be an ongoing continuous problem that will not end until it collapses the worlds banking systems.

Let me make this clear it’s not the banks it’s the government’s barrowing all the money from the banks that is causing the problems in Europe and here in America. This is the people’s money, the average saver/citizen that might have a few thousand or a few hundred thousand dollars in the bank. The liberal progressive socialist democrats are stealing all your money because they really believe its there’s not yours, its there’s to redistribute and there blaming the banks for being greedy. Keep your money in the banks at your own peril when you lose it all’ I warned you.

Get you money out of the banks before it’s too late!

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I knew for the last 30 years the democrats wanted to do what they are doing today. Little by little liberal, progressive democrats over the very long period of time of 100 years have been changing the country slowly to socialism. I watch Glenn because he affirms what I already know to be true, but he teaches a lot more in detail and it’s like going back to school when he gets out his black boards. I hear he has three now.

 I wrote a book 20 years ago that predicted what is going on today in our politics and our economy. We are making the final changes to a proven failed political and economic system of socialism. Anyone who says that Europe’s doing OK needs to take a better look. Europe’s economy has been in a constant state of recession for over 40 years. Their normal unemployment rate is always above 10%. There’s very little industry because of supper high taxes on business. In France their two biggest industries are wine and cheese and that’s not a joke, those are the facts. The people who do work in the private sector are taxes at 70% when adding their payroll taxes and there sales taxes on products. For example they have a $5.00 a gallon gasoline tax to pay for there socialized healthcare system.

 Here is our big problem, we can’t afford anywhere near a 70% taxes and pay our existing bills to. Europe started out as socialist countries after the Second World War. They were rebuilt under the socialist economic model. We are structured under a capitalist model and were charging to hard left socialist. The country is already bankrupt. Where is all the money going to come from to support all these new social programs as we go all the way to a European style of socialism? I have done the math and the moneys just not there, even with the higher taxes included in all these new programs. It’s just not economically sustainable from the start.

We don’t have to wait 4 years to see if it works. The negative economic effects from the new socialized healthcare will be Immediate. In 2011 the new healthcare insurance premiums will have a direct negative effect on the economy. There are 180 million Americans with paid health insurance coverage. Everyone I have talked to has to pay an increased premium of $1,200.00 to $3,600.00 each person on their policy. Takeing the lower amount of $1,200.00 and multiplying that times 180 million Insured people will cost Americans $216 Billion in 2011. We are not getting more of a product or service we are just paying a lot more for the same thing. This is the definition of inflation, when costs go up the money disappears into tin air.

 It’s not so much about the cost of the socialism today as it’s about the confidence of the American people. Even before the jobs are lost and the taxes are taken to support the new socialism. Then we also have to consider the confidence of our foreign trading partners, will they lose confidence in our currency? Will they be able or willing to purchase our debt bonds to finance all our existing and all our new socialism when they know they can’t afford their own? I say no they won’t buy our debt bonds, since China has already dumped $50 Billion back into the market. There is a trick the chinese could use to combat our money printing and your going to love this. I expect if they do continue in the future to purchase our debt they may play the same game we are. The chinese government has a printing press like we do and they can print or digitize their currency to purchase our phony money with their phony money. This could offset their looses in the face value of our debt bonds and at the same time get paid interest on their phony money.

 Everything Glenn Beck says will come true and we only have to wait 2 years and by 2012 we will see it all unfold. Glenn has 10 million followers on the radio and up to 3.5 million on Fox news. That compares to MSNBC 350 to 500 Thousand. For the nut job people say Glen Beck is, he has as many 10 times as many followers as other like kind news programs. MSNBC says it’s because Americans are stupid and that could also be part of why there ratings are so low. I love Glenn Beck’s message.

2012 What's really going to happen in 2012

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 • A new 3.6% tax on all investment income including capital gains. That means that the capital gains tax rate (including California state tax) will rise to 33.9%. The tax on dividend income will rise from 15% today to 53.7% including California tax.

 • Additional Medicare tax on self employment income and wages. This removes the current cap on wages subject to this tax and it will effectively move the top income tax rate from 35% to 43.4% within a couple of years. Add in the California tax again and would then be close to a 54% marginal tax rate. I believe that this is the highest of any major industrialized country. But because spending is so high we would still have $1 trillion-dollar annual deficits even after this tax.

 • There is a 2.9% tax on all medical “devices”, which basically means everything used in a doctor’s office or hospital. Including gowns, syringes, and the like. This will increase health care costs for everyone who does not get free government insurance.

 • The deduction for Medical expenses is currently limited to those expenses that exceed 7.5% or your income. This will be raised to a threshold of 10% of your income. This means that fewer people will get any tax relief from medical expenses they pay for themselves.

 • There are various taxes on anything a person might do to pay for their own medical expenses. Things like Health Savings Accounts, Cafeteria Plans, and Flexible Savings Accounts are ways for people to save their OWN money for their OWN medical care on a pre-tax basis will be limited and taxed. This is all part of the way that President Obama gets to government-run health care by making it illegal or costly to pay for your own care so you have to go to the government.

 • A 10% tax on tanning services. I call this the “Jersey Shore tax”. This one has to be really upsetting to ‘The Situation’, Snookie, and Pauly D.

 • A tax on self-insured health plans. This is another penalty on those who try to pay for their own health care.

 • A new tax on pharmaceutical manufacturers. This will raise the price of drugs for everyone who does not get them from the government for free.

 • A new tax on “Cadillac” health plans. This is an up to 55% tax on any health insurance that costs over about $800 per month including employee and employer contributions. This tax does not apply if you are a union member or your plan is from AARP or Blue Cross Blue Shield of Michigan. These are major Democratic constituencies and they exempted them. For everyone else, this discourages comprehensive health coverage. Isn’t that what the President says he is trying to achieve? Like most of what the President says, his actions are not even close to his words.

  There is a new tax on all ‘for-profit’ health insurance companies (except for a few favored ones). This will also raise the costs of premiums for everyone not getting free care from the government.

 • If you don’t buy health insurance (as dictated acceptable by a new federal czar), you will be fined up to 2.5% of your income even if you pay all of your medical expenses yourself. If your company does not provide said health insurance to all employees, the company will be fined up to $2,000 per employee.

  61% of Americans (including both Democrats and Republicans) are against the bill, those for it the majority have no idea about the taxes included in it. The 2300 page bill was finally released to Republicans TODAY and will be voted on in less than 48 hours.

 2012 What's really going to happen in 2012

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I know what all this leads to, do you?  Here is a list of what the current congress and president Obama has done or is planning to do to the American people.

1. Healthcare is now law it has been passed now we have to deal with it at an estimated cost of $242 billion in additional insurance premiums and taxes.

2. Next, cap-and-trade also known as the clean energy act. I estimate this will increase the cost of gasoline and electricity by $264 Billion

3. Then will get amnesty for illegal aliens. This will give legal status to 12 to 20 million illegal aliens and allow their extended families into the country. The extended family part of the legislation allows 48 million more foreign workers into the country. I estimate the current lost wages due to jobs being taken by the illegal aliens already here at over $ 200 billion

4. 16,000 New IRS agents to enforce the new tax laws from the healthcare bill to get even more money out of working taxpaying Americans who refuse to get the coverage or pay the fine.

5. Value added tax is coming this is a federal sales tax that will be paid by the stores that we shop at before we buy a product the tax will be built into the price.

6. The end of the two President Bush tax cuts at the end of 2010. On January 1 of 2011 federal taxes will go back to their much higher levels prior to 2001.

This is an assault on the American working class and somehow the liberal progressive fringe news media will spin all the above into it’s not a tax increase.
A war has been declared on the American people by our very own government all in the name of fairness and wealth redistribution.  As each one of the mention new pieces of legislation passes and becomes law it will force up the cost of everything we buy, Raise taxes to the all working citizens and at the same time allows millions of illegal aliens to stay in the country legally to take existing jobs at a much lower wage and allows many millions more into the country to take jobs that do still exist. They are trying to do this while we are still in the deepest and longest recession since the great depression. It defies all logic and it’s irresponsible. This looks like an assault to me, what do you think?

2012 What's really going to happen in 2012

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This is a very important testimony of a Russian immigrant. I believe this
proves what I already know from talking to many people from all over the
world.

The Perspective of a Russian Immigrant

By SVETLANA KUNIN | Posted Friday, September 04, 2009 4:20 PM PT
 
In the Union of Soviet Socialist Republics, I was taught to believe individual pursuits are selfish and sacrificing for the collective good is noble.
 
In kindergarten we sang songs about Lenin, the leader of the Socialist Revolution. In school we learned about the beautiful socialist system, where everybody is equal and everything is fair; about ugly capitalism, where people are exploited and treat each other like wolves in the wilderness.
 
Life in the USSR modeled the socialist ideal. God-based religion was suppressed and replaced with cult like adoration for political figures.
 
The government-assigned salary of the proletariat (blue-collar worker) was 30%-50% higher than any professional. Without incentive to improve their life, professionals drank themselves to oblivion. The — engineers, lawyers, doctors, teachers — earned a government-determined salary that barely covered the necessities, mainly food.

Raising children was a hardship. It took four to six adults (parents and grandparents) to support a child. The usual size of the postwar family was one or two children. Every woman had the right to have an abortion and most of them did, often without anesthesia.

There is a comparative historical reality that plays out the consequences of two competing ideologies: life in the USSR and in America. When the march to the worker’s paradise — the Socialist Revolution — began in 1917, many people emigrated from Russia to the U.S.

In the USSR, economic equality was achieved by redistributing wealth, ensuring that everyone remained poor, with the exception of those doing the redistributing. Only the ruling class of communist leaders had access to special stores, medicine and accommodations that could compare to those in the West.

The rest of the citizenry had to deal with permanent shortages of food and other necessities, and had access to free but inferior, unsanitary and low-tech medical care. The egalitarian utopia of equality, achieved by the sacrifice of individual self-interest for the collective good, led to corruption, black markets, anger and envy.

Government-controlled health care destroyed human dignity.

Chairman Nikita Khrushchev released facts about Stalin and his purges. People learned of the horrific purge of more than 20 million citizens, murdered as enemies of the state.

Those who left Russia found a different set of values in America: freedom of religion, speech, individual pursuits, the right to private property and free enterprise. The majority of those immigrants achieved a better life for themselves and their children in this capitalist land.

These opportunities let the average immigrant live a better life than many elites in the Soviet Communist Party. The freedom to pursue personal self-interest led to prosperity. Prosperity generated charity, benefiting the collective good.
 
The descendants of those immigrants are now supporting policies that move America away from the values that gave so many immigrants the chance of a better life. Policies such as nationalized medicine, high tax rates and government intrusion into free enterprise are being sold to us under the socialistic motto of collective salvation.
 
Socialism has bankrupted and failed every society, while capitalism has lifted more people out of poverty than any other system.
 
There is no perfect society. There are no perfect people. Critics say that greed is the driving force of capitalism. My answer is that envy is the driving force of socialism. Change to socialism is not an improvement on the imperfections of the current system.

The slogans of “fairness and equality” sound better than the slogans of capitalism. But unlike at the beginning of the 20th century, when these slogans and ideas were yet to be tested, we have accumulated history and reality.

Today we can define the better system not by slogans, but by looking at the accumulated facts. We can compare which ideology leads to the most oppression and which brings the most opportunity.

When I came to America in 1980 and experienced life in this country, I thought it was fortunate that those living in the USSR did not know how unfortunate they were.

Now in 2009, I realize how unfortunate it is that many Americans do not understand how fortunate they are. They vote to give government more and more power without understanding the consequences.

Svetlana Kunin, Stamford, Conn.

Mrs. Kunin, is a retired software developer. In the Soviet Union, she was a civil engineer.

2012 What's really going to happen in 2012

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Socialism, Communism or Capitalism?

The liberal, progressive democrats like both political and economic systems of socialism and communism. There only minor differences between the two different forms of political and economic systems. There is a very fine line in both systems they treat people the same economically. The whole social political system is designed around wealth redistribution and so-called safety nets that don’t work. European economies have failed for the last 40 years prior to that they were being rebuilt by the united states from all the destruction of the Second World War. Once they lost the support of all the American money from the rebuilding it was all downhill from there. The socialism political and economic systems that the Europeans like so much lead them to a stagnant extremely low growth rates of 1%, very high unemployment of 10% or higher and perpetual never-ending recession.

 I have studied and followed these political and economic systems for over 30 years and the only difference is the socialism in Europe allows some capitalism and the Europeans never murdered 50 million of their own people like communist Russia did. The liberal progressive fringe news media doesn’t want the American people to know how bad things are economically in Europe. The liberal progressive democrats want Americans to think there social programs are great. The truth is their economy stinks under Europeans socialism and has for a very long time. Five or six years ago the European people knew their socialism was unsustainable and were running from it as fast as they could in their elections. Now here we are running as fast as we can towards a political and economic System that has never worked. It won’t take 40 years for our economy to collapse because it already has.

The constitution allows for the capitalism that we have. Capitalism is within the constitution allows for capitalism to exist. There a place in there that says Congress shall pass no laws that will hinder the free flow of commerce, although they interfere with the free flow of commerce constantly with massive regulation.

2012 What's really going to happen in 2012

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Lobbyists that get paid to bribe politicians to keep them from passing regulations on business that will hurt the bottom line. The regulations are threatened to get the lobbyists to pay the politicians money not to do it. This is Legalized bribing and extortion. It’s all unconstitutional but new laws have been passed to circumvent the constitution

 Way too many social programs and wealth redistribution. Cost of wealth redistribution programs 1.9 trillion in 2010 cost of federal deficit 1.6 trillion. Do you see what I mean?

 A dummied down population that thinks money grows on trees and if the government provides it then it’s somehow free.  They want a Canadian style social system. The money comes from tax payers not trees.

 A liberal progressive fringe news media that is no more than a wing of the current Democratic controlled government that controls 85% of all news broadcast and print media. We do in fact have a state-run or government controlled news media system. This is what they do in communist countries.

 The current administrating is more worried about creating new social programs then about correcting the problems in the economy. This is very troublesome considering, who the heck is going to pay for all the new socialism if we are still losing jobs. I know the liberals and progressives think we can just print money forever. But despite what liberals and progressive democrats think, that’s not the way it works.

 2012 What's really going to happen in 2012

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