Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
Stock Market Potential Short-term top - 18th Feb 20
Coronavirus Fourth Turning - No One Gets Out Of Here Alive! - 18th Feb 20
The Stocks Hit Worst From the Coronavirus - 18th Feb 20
Tips on Pest Control: How to Prevent Pests and Rodents - 18th Feb 20
Buying a Custom Built Gaming PC From Overclockers.co.uk - 1. Delivery and Unboxing - 17th Feb 20
BAIDU (BIDU) Illustrates Why You Should NOT Invest in Chinese Stocks - 17th Feb 20
Financial Markets News Report: February 17, 2020 - February 21, 2020 - 17th Feb 20
NVIDIA (NVDA) GPU King For AI Mega-trend Tech Stocks Investing 2020 - 17th Feb 20
Stock Market Bubble - No One Gets Out Of Here Alive! - 17th Feb 20
British Pound GBP Trend Forecast 2020 - 16th Feb 20
SAMSUNG AI Mega-trend Tech Stocks Investing 2020 - 16th Feb 20
Ignore the Polls, the Markets Have Already Told You Who Wins in 2020 - 16th Feb 20
UK Coronavirus COVID-19 Pandemic WARNING! Sheffield, Manchester, Birmingham Outbreaks Probable - 16th Feb 20
iShares Nasdaq Biotechnology ETF IBB AI Mega-trend Tech Stocks Investing 2020 - 15th Feb 20
Gold Stocks Still Stalled - 15th Feb 20
Is The Technology Stocks Sector Setting Up For A Crash? - 15th Feb 20
UK Calm Before Corona Virus Storm - Infections Forecast into End March 2020 - 15th Feb 20
The Growing Weaponization of Space - 14th Feb 20
Will the 2020s Be Good or Bad for the Gold Market? - 14th Feb 20
Predictive Modeling Suggests Gold Price Will Break Above $1650 Within 15~30 Days - 14th Feb 20
UK Coronavirus COVID-19 Infections and Deaths Trend Forecast 2020 - 14th Feb 20
Coronavirus, Powell and Gold - 14th Feb 20
How the Corona Virus is Affecting Global Stock Markets - 14th Feb 20
British Pound GBP Trend and Elliott Wave Analysis - 13th Feb 20
Owning and Driving a Land Rover Discovery Sport in 2020 - 2 YEAR Review - 13th Feb 20
Shipping Rates Plunge, Commodities and Stocks May Follow - 13th Feb 20
Powell says Fed will aggressively use QE to fight next recession - 13th Feb 20
PALLADIUM - THIS Is What a Run on the Bank for Precious Metals Looks Like… - 13th Feb 20
Bitcoin: "Is it too late to get in?" Get Answers Now - 13th Feb 20
China Coronavirus Infections Soar by 1/3rd to 60,000, Deaths Jump to 1,367 - 13th Feb 20
Crude Oil Price Action – Like a Coiled Spring Already? - 13th Feb 20
China Under Reporting Coronavirus COVID-19 Infections, Africa and South America Hidden Outbreaks - 12th Feb 20
Will USD X Decline About to Trigger Precious Metals Rally - 12th Feb 20
Copper Market is a Coiled Spring - 12th Feb 20
Dow Theory Stock Market Warning from the Utilities Index - 12th Feb 20
How to Get Virgin Media Engineers to FIX Hub 3.0 Problems and NOT BS Customers - 12th Feb 20
China Under Reporting Coronavirus COVID-19 Infections by 66% Due to Capacity Constraints - 12th Feb 20
Is Coronavirus the Black Swan That Takes Gold To-Da-Moon? - 12th Feb 20
Stock Market 2020 – A Close Look At What To Expect - 12th Feb 20
IBM AI Mega-trend Tech Stocks Investing 2020 - 11th Feb 20
The US Dollar’s Subtle Message for Gold - 11th Feb 20
What All To Do Before Opening A Bank Account For Your Business - 11th Feb 20
How and When to Enter Day Trades & Swing Trade For Maximum Gains - 11th Feb 20
The Great Stock Market Dichotomy - 11th Feb 20
Stock Market Sector Rotation Should Peak Within 60+ Days – Part II - 11th Feb 20
CoronaVirus Pandemic Stocks Bear Market Risk 2020? - Video - 11th Feb 20

Market Oracle FREE Newsletter

Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Collapse of Society Almost Complete

Politics / Social Issues Mar 20, 2019 - 04:36 AM GMT

By: BATR

Politics

The experiences from South America provide lessons totally applicable to the United States. If you think that the bread lines in Venezuela cannot come to our country, take a look at what is happening in the rest of Latin America. While economic failures contribute to the slide in prosperity and government expansion adds to greater indebtedness, the complicity of their citizens provides the environment for even bigger demands. Daniel J. Mitchell is a Senior Fellow at the Cato Institute writes in Brazil, Big Government and Mitchell’s Theorem of Societal Collapse. His summary is accurate and precise.


"First, government is growing faster than the private sector. The fact that government spending now consumes twice as much of the economy’s output today as it did back in 1988 means that politicians have been repeatedly (and vigorously!) violating my Golden Rule. (Good fiscal policy exists when the private sector grows faster than the public sector, while fiscal ruin is inevitable if government spending grows faster than the productive part of the economy.)

Second, there’s too much government intervention. A nation that models any of its policies on Mussolini-style fascism obviously is making a big mistake since the net result is an economy burdened by corrupt cronyism (sadly, a common problem in Latin America).

But there’s another reason to be down on Brazil, and it is far more discouraging.

Third, the social capital of the country has been eroded. Simply stated, there are too many people–as data from the 2014 election reveal–who view government as a vehicle for personal (and unearned) enrichment.

And when this third problem develops, it’s all but certain that a nation is doomed. After all, many nations have reversed bad fiscal policy. And many nations have reduced government intervention. But fixing the culture of a people is like putting toothpaste back in a tube."

GOVERNMENT is NOT the solution.

Yet, if you listen to public employees, academic fraudsters and entitlement parasites; you hear arguments that someone else must pay them in order to be fair to all the bottom feeders. Folks, the conclusion to this illogical rationale misses all the hard learned conclusions of centuries of political and economic struggles. Inevitably a totalitarian regime emerges when the mob screams they want democracy so that they can vote for a confiscation society that pays them freebie handouts and benefits.

Just listen to the bleeding-heart clones that rally to the damaged Democrat defects, which are running further into absurdity so they can appeal to the latest spoiled generation. The establishment encourages this chaos because it creates an excuse to raise the level of despotism.

The Rahm Emanuel philosophy for authoritarianism: "You never let a serious crisis go to waste. And what I mean by that it's an opportunity to do things you think you could not do before", is now the platform for the entire power broker elites. The net result of the progressive frenzy has the popular culture sinking even faster than normal.

Mr. Mitchell's 'Good fiscal policy' ignores the insurmountable and staggering indebtedness that has no fix unless the debt is written off. Insolvency is inevitable. Society is in the fast lane towards oblivion. Increasing the speed of spending just means that the crash will spread the broken pieces over a larger debris field.

As long as the public accepts expanding government and greater intrusion into the life and liberty of every individual, the culture of these people will just aid and abet the tyranny that is destroying the very essence that made America's Declaration of Independence the envy of the world.

The New World Order encompasses the corporate elites and the socialist enthusiasts. The former because they want to extend their commercial power and the later seek to direct populace unrest through deceit and deception. Both seemingly opposing groups are actually different sides of the same unholy bargain to abolish the constitutional republic and replace it with a sham democracy. The communal image of an enlightened iconoclast does not cut it. They are part of a mob, lacking both historic perspective and practical vision.

Until the central banking system is dismantled and replaced with debt free money, optimism will not return to our country, much less to the entire world. Since the collapse of society is already upon us, how can any sound minded onlooker of the human condition in these later days believe that the banksters can be defeated and cast into the pit of eternal punishment?

It is most difficult to point to pragmatic signs of vital reforms that have even a minimum chance of reversing the uninterrupted march into greater centralization and elitist control. If the youth has accepted the fallacies of a collectivist social system and indentured servitude employment, what chance does society have in rejecting total capitulation?   

If the sentimental fools are wishing for some socialist society, maybe they would have a better chance Waiting for Godot. Awaiting a renaissance that reinstates the sovereignty of legitimate political governance requires a second American revolution. Woefully, the caliber of the never Trumpers or resisters does not retain the ability to understand the nature of the problems, and certainly are incapable of providing any meaningful solutions.

Since there are so few "Good Men and Women" (yes, natural birth gender is established at creation), that would stand with our founding fathers, the outcome for a crash is already in place. However, this reality does not have to be bad news. The system must collapse for a merchant economy to resurrect from the ashes. The federalist central government of separations of power must take a secondary authority to the individual states, which retain the primary authority and lawful supremacy.

The Disunited States of corporatist America is already a banana republic. Avoiding a Venezuela style meltdown necessitates revamping the entire culture. Placing restraints on a despotic government is a goal that should become engrained in our national soul. Take back our financial integrity, enforce anti-trust violations and hold corrupt public officials accountable.

SARTRE

Discuss or comment about this essay on the BATR Forum

http://www.batr.org

"Many seek to become a Syndicated Columnist, while the few strive to be a Vindicated Publisher"

© 2019 Copyright BATR - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

BATR Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules