The Daily Walk with Love
— I hope to summarize things and remind everyone that there are relatively small actions which Must be taken to save the republic and save America from becoming a third world nation, probably under dictatorial control, wallowing in a really bad economic depression. There are so very many signs that our economy is at the breaking point: for example, the PE index or ratio, the prices of stocks are sky high, but earnings are about totally flat. The very rich have known a bad bust was at hand for at least two years, and most astute economists think the bust will occur before or about mid-2020. George Soros, the world’s fourth wealthiest man, worth $72 billion, a year or so ago took $55 billion out of the stock market and put it into liquid assets. And don’t think you can cover yourself with gold, either. In 1932 FDR confiscated all privately held gold for pennies on the dollar. But there ARE measures — relatively small measurs — which could stop the crash and fix America’s economy, if a trustworthy man could be trusted to have near-dictatorial powers in America, or If Lord Rothschild ordered that it be so.
republished December 31, 2019
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It’s Not Too Late: Simple,
Small Changes which would Fix
What’s Wrong with America
In 2007, the banks were giving
out liars loans on new housing. Now
they are giving out liars loans
on housing AND cars, while the nation
sinks deeper and deeper into debt.
The Daily Walk with Love (link to Home page and blog), republished December 31, 2019, by Paul Evans. This is it folks: either we “do” something like these actually fairly minor reforms or this is the end of America as a superpower (either that or there might come to be a huge defense establishment continuing as a dictator seizes control). I will keep this short, as there is little here that I haven’t said before. I hope to summarize things and remind everyone smaller actions which Must be taken to save the republic and save America from becoming a third world nation.
According to the Atlantic in Inequality and the American Dream, “In the 1980s, the top 1 percent of adults earned 27 times more than the bottom 50 percent. Now, they earn 81 times more.” This is beyond greed, this is purely evil. If you make $50,000 a year and don’t tithe, there’s something very wrong with you. Some of you have this vague apprehension that there may be a God. You’re right, and someday you will be judged.
I do believe that Donald Trump could seize power in any combination of three ways, none of which I will discuss here, but that it might be the only hope America has both from becoming a thirld world country or even have a terrible pestilence (disease, which would kill most of us, followed by world war: This is what the Illuminati want, to reduce Earth’s population to 500 million people. Yet I was horrified to see Trumps first year budget (with tax cuts for the very rich, reach $1.2 Trillion. Obama’s budget his last year in office was $784 billion. Now we see that Trump has a budget for the next year of $1.4 Trillion, once again highlighted by giveaways to the rich. With the new Shanghai co-operative of 40 nations including Russia, China and even Iran, declaring they will now be trading in the yuan, the sorts of deficits for America we now have are absolutely insupportable. President Trump, I support you, but you absolutely HAVE to learn that hypercapitalism does not work, and that you cannot finance our government on the luxury purchases of the very rich. When the average man cannot possibly afford to get a major repair on his car and so is at risk of homelessness, when they cannot buy a new TV or computer…. then America has gone to hell in a handbasket. Direct your spending on infrastructure and a more green (solar energy) economy, those are big, funddamental changes you must make in your thinking, but sir, with all due respect, hypercapitalism does not work any better at all than did “trickle down.” Your people are calling to you sir.
There are so very many signs that our economy is at the breaking point: for example, the PE index or ratio, the prices of stocks are sky high, but earnings are about totally flat. The very rich have known a bad bust was at hand afor at least two years, and most astute economists think the bust will occur before or about mid-2020. George Soros, the world’s fourth wealthiest man, worth $72 billion, a year or soi ago took $55 billion out of the stock market and put it into liquid assets. And don’t think you can cover yourself with gold, either. In 1932 FDR confiscated all privately held gold for pennies on the dollar. But there ARE measures — relatively small measurs — which could stop the crash and fix America’s economy, if a trustworthy man could be trusted to have dictatorial powers in America, or If Lord Rothschild ordered that it be so. Here are the necessary reforms:
I would NOT take us in the direction of government ownership of the means of productions (there are many reasons for this, it is way to early for Americans to even begin to accept that…), but banks? Obama tried to put regulations on them, but investment banks have been out of control ever since Bill Clinton had us end Glass-Steagall, which had separated investment banks from savings banks. (He also stopped backing our currency with gold. Ron Paul keeps trying to remind us that no great power ever remind great and powerful for long after they stopped backing their currency with gold, but, you see, we simply did not havve enough gold to back the government’s spending — and oh, yeah, everybody remembers NAFTA, thanks Bill.) Now people’s savings accounts have been so terribly raided by the investment banks that there is only one-quarter to one-half of a cent left in savings for every dollar in circulation.
OK, this is all leading up to what has been abundantly shown to be absolutely necessary: we Must nationalize the banks. Several large industrialized nations have already done this…. did you know that now there is $552.9 Trillion in sh*t derivatives based on debts of the banks an problems unsolved since 2007, a lot of bogus hedge funds, and absolutely junk bonds illegally given AA and AAA ratings by institutions like Moody’s. THIS is the problem we have gotten ourselves into. 78 percent of Americans now die in debt, and the average debt is $61,000. It is the fault of the very rich ones who split up the middle class, so that most former middle class people now have to live like poor people, or borrow enough to make up the difference.
OK, ok, the rest of it: Put a tiny little per-stock-transaction tax on all stock trades. This would NOT hurt the average investor at all, but what it would do is to stop computer-driven program trading in its tracks. I’d still do this even if the banks HAD been nationalized.
There has been another big problem which derives from way back in English Common Law: corporations must for some damn reason be regarded as people, and limiting lobbying is seen as limiting corporations’ freedom of speech. OK, then, have all Federal elections be Federally funded. This would stop about half of the spendinng by corporate America, because they coulld still take out ads supporting one candidates’ positions, but at least it would help quite a bit. And, as some people have, I would support bringing back the paper ballot.
I would have a slightly progressive Fair-and-Flat tax, say, 15 to 16 percent straight up, with two five percent bumps way up high (they can afford it). But this system of taxation wouldn’t work any better than almost any other UNLESS you made just a few of the main loopholes in the tax code. For example, General Elecric, the world’s largest producer of electric and electronic parts and appliances, has paid ZERO in taxes over the last two full years. This is a tax code of by and for the major corporations and the rich, and it cannot go on that way. You cannot base an economy on the luxury purchases of the very rich. When 70 percent of us just barely scrape by month-to-month, with one major car repair or medical cost making homelessness stare us in the face, this society is sick.
Finally, I would restore Obama’s 50 percent cut in food stamps. It’s five percent a year for ten years, like people wouldn’t notice… but many of us DID notice. Most of the people on food stamps Have a job, and Most of them are single, working mothers….you are literally taking food out of the mouths of little children and babies. It’s $38 billion a year, the price of maybe eight or so of those new F-35 fighters the air force didn’t really want. And let me just say this: the Party that comes out big-time for the restoration of the food stamps cuts could easily be portrayed as a hero of the people… and you know, that means VOTES. Enough said? Altogether, the reforms mentioned above, I hope and pray, would start to fix things…. AMEN.
Please Visit The Official King James Bible Online
King James Authorized Version)
Proverbs 13:7 – There is that maketh himself rich, yet hath nothing:
there is that maketh himself poor, yet hath great riches.
(King James version)
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