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Author Topic:   "This Won't End Pretty"
jwhop
Knowflake

Posts: 7381
From: Madeira Beach, FL USA
Registered: Apr 2009

posted June 29, 2014 08:04 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Martin Armstrong Warns Civil Unrest Is Rising Everywhere: "This Won't End Pretty"
06/28/2014

Submitted by Martin Armstrong of Armstrong Economics

The greatest problem we have is misinformation. People simply do not comprehend why and how the economic policies of the post-war era are imploding. This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is run by lawyers following their own self-interest. The pensions created for those in government drive the cost of government up exponentially with time. The political forces blame the rich and this merely creates a class warfare with no resolution for the future. Even confiscating all the wealth of the so-called rich will not sustain the system. Consequently, we just have to crash and burn and start all over again.

The Guardian reported that some 50,000 people marched in London to protest against austerity. They cried: “Who is really responsible for the mess this country is in? Is it the Polish fruit pickers or the Nigerian nurses? Or is it the bankers who plunged it into economic disaster – or the tax avoiders? It is selective anger.”

The exploitation by the bankers has been really a disaster. They have been their own worst enemy and in the end, they have become the symbol that inspires class warfare if not revolution. They are not the representatives of those who produce jobs. They are merely those who wanted to trade with other people’s money for free. When they win, it is their’s, but any losses are passed to the taxpayers. Bankers should be bankers – not hedge fund managers who keep 100% of the profits using other people’s savings.

Glass-Steagall Signing-Repeal http://www.investopedia.com/articles/03/071603.asp

The repeal of Glass Steagall was the final straw that broke the back of the world economy. That was the single worst act that could have ever been done and we are now paying the price in spades. The collapse from 2007 has wiped out even the liquidity of the markets. The second worst act was the creation of the euro when the real goal was the federalization of Europe from the outset. That undermined the entire European banking system and has led to a serious undermining of the entire global economy.

The solutions from politics will always be the same – grab more power. We are in a downward spiral of liberty and how far we go down this path to the future will be determined by the people and if they at least wise up and see this is not class warfare, it is the people against government. This is why I say career politicians are dangerous for they can be bought way too easily as Clinton was to open the flood gates for the bankers.

This is not going to end pretty. The question is when does society wake up? Just how high will this price be that we have to pay? They will blame the rich and the idiots will cheer – get them. What will happen when there is no more wealth to hunt? We end up with a communist state by default – no wealth, just career politicians who blame everyone but themselves.

http://www.zerohedge.com/news/2014-06-28/martin-armstrong-warns-civil-unrest-rising-everywhere-wont-end-pretty

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Catalina
Knowflake

Posts: 1925
From: shamballa
Registered: Aug 2013

posted June 29, 2014 06:10 PM     Click Here to See the Profile for Catalina     Edit/Delete Message   Reply w/Quote
So once again the (dem) President takes the whole blame for the demise of Glass Steagall? Congress of course had nothing to do with it...lol

The long demise of the Glass Steagall Act:
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html

The last line is telling/sums up the dynamic of the banking industry nicely.

Please tell me how the above article makes any sense at all...repealing Glass Steagall was a Socialist move? Paid for by private big business and engineered by bought politicians...?

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jwhop
Knowflake

Posts: 7381
From: Madeira Beach, FL USA
Registered: Apr 2009

posted June 30, 2014 09:25 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Neither the article or I said repeal of Glass-Steagall was a Socialist plot. It's only you twisting what was said into a "Socialist Plot".

Of course a demoscat president was responsible for the repeal...Kommander Corruption.

Using the very same logic you leftists use to blame Bush for the Iraq war...when the majority of demoscats in both houses of congress voted for the war...including another of your Socialist icons leftists are depending on to keep the destruction of America on track after O'Bomber...Hillary!

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Catalina
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Posts: 1925
From: shamballa
Registered: Aug 2013

posted June 30, 2014 12:00 PM     Click Here to See the Profile for Catalina     Edit/Delete Message   Reply w/Quote
Then what does he say jwhop? "Glass Steagall Repeal the straw that broke the economy's back...we will end up communist"...please explain what I "twisted"?

When ever anyone criticizes Reagan or what happened during his term YOU blame his nasty congress. Grow a pair and stop being so two faced. I am not part of "you leftists" and your constant repetitions of stock insults and lazy thinking only hurts YOU in the end.

Repealing Glass Steagall WAS the last straw, after the loopholes had been stretched so wide there was little left of it anyway. Don't give me Clinton Did It, it was done over years and Greenspan pushed it into the grave.

Yes Clinton should have stood up but he is not the One who DID IT. Your lazy man's fall back on sloganeering just shows you got nothing luv

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jwhop
Knowflake

Posts: 7381
From: Madeira Beach, FL USA
Registered: Apr 2009

posted June 30, 2014 11:19 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Nothing was said about repeal of Glass-Steagall being a Socialist plot. You made that up out of your rectum.

"What will happen when there is no more wealth to hunt? We end up with a communist state by default – no wealth, just career politicians who blame everyone but themselves."

Yes, if the low information voters...which almost all Marxist, Socialist Progressive voter are, have their way, destroy the wealth producers in America, then they will screech, howl and shriek for communism...which they already are screeching and shrieking for.

You blamed Bush for the Iraq War...when it couldn't have been approved by Congress without the demoscats...including Hillary being on board.

Glass-Steagall's repeal couldn't have been signed into law without the approval of Kommander Korruption...William Jefferson Clinton.

What's wrong with you Catalina/katatonic? Do you have an information gap or is it an ideologically driven agenda?

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juniperb
Moderator

Posts: 8168
From: Blue Star Kachina
Registered: Apr 2009

posted July 05, 2014 10:51 AM     Click Here to See the Profile for juniperb     Edit/Delete Message   Reply w/Quote
quote:
This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is run by lawyers following their own self-interest.

The perfect definition of politics .

------------------
Christian, Jew, Muslim, Shaman, Zoroastrian, stone, ground, mountain, river, each has a secret way of being with the Mystery, unique and not to be judged.
Rumi

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Catalina
Knowflake

Posts: 1925
From: shamballa
Registered: Aug 2013

posted July 05, 2014 12:20 PM     Click Here to See the Profile for Catalina     Edit/Delete Message   Reply w/Quote
The repeal of Glass Steagall was the final straw that broke the back of the world economy. That was the single worst act that could have ever been done and we are now paying the price in spades. The collapse from 2007 has wiped out even the liquidity of the markets. The second worst act was the creation of the euro when the real goal was the federalization of Europe from the outset. That undermined the entire European banking system and has led to a serious undermining of the entire global economy.

The solutions from politics will always be the same – grab more power. We are in a downward spiral of liberty and how far we go down this path to the future will be determined by the people and if they at least wise up and see this is not class warfare, it is the people against government. This is why I say career politicians are dangerous for they can be bought way too easily as Clinton was to open the flood gates for the bankers

The info gap, jwhop, may be yours, from not reading the article perhaps? Glass Steagall was STEADILY ERODED over decades, most notably under Greenspan's Fed leadership...who instated him again?

The quote ^ here, from YOUR article, lumps the repeal in with the demise of our economy leading to socialism, does it not?

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Catalina
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Posts: 1925
From: shamballa
Registered: Aug 2013

posted July 05, 2014 06:42 PM     Click Here to See the Profile for Catalina     Edit/Delete Message   Reply w/Quote
No one wants to destroy the rich...just stop them buying the govt to increase their profits... duh!

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jwhop
Knowflake

Posts: 7381
From: Madeira Beach, FL USA
Registered: Apr 2009

posted July 06, 2014 12:46 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
"The quote ^ here, from YOUR article, lumps the repeal in with the demise of our economy leading to socialism, does it not?"

What the hell do you think O'Bomber and his Socialist comrades in Congress are trying to institute in America? Socialism yes.

And when do you think they began steaming full speed ahead into Socialism? Immediately after the demoscat inspired collapse of the US economy...brought about by the deliberate collapse of the US housing market caused by Socialist demoscats. The Marxist Messiah O'Bomber was elected in 2008 and war was declared on the American economy and American jobs. There's still fewer Americans working in America than when O'Bomber began infesting the White House more than 5 years ago. Every social program and the government itself has been greatly expanded to bring about their little Socialist utopia. Every domestic initiative of the Marxist Messiah and Socialist demoscat congressional members is designed to make the economy FAIL.

Did you send your brain on vacation 5 years ago?

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Catalina
Knowflake

Posts: 1925
From: shamballa
Registered: Aug 2013

posted July 07, 2014 11:06 AM     Click Here to See the Profile for Catalina     Edit/Delete Message   Reply w/Quote
By your definition the GS Act was a SOCIALIST instrument. It's REPEAL caused the collapse of the economy? Do elaborate... about how getting rid of Socialist laws aids in going FULL STEAM AHEAD INTO SOCIALISM.

Took a peek into the old GU the other day jwhop. I came repeatedly across failed predictions by yourself and numerous complaints by many posters about the economy (this was in 2004-6)

Yet you continue to pretend that you know what is going to happen and that the economy was fine and dandy before 2008.

No wonder Fishbull feels soporific when visiting here

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jwhop
Knowflake

Posts: 7381
From: Madeira Beach, FL USA
Registered: Apr 2009

posted July 07, 2014 04:31 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
My theory is most certainly not that the GS Bill was Socialism.

Further, when the banking system collapsed THEN we got the Socialist cure...which is no cure at all.

We got Dodd/Frank...2 Socialist duds and a bill which obligates US taxpayers to bail out the banks which are deemed to big to fail.

In times past, the banks who were weakened by excess stupidity would have failed and goodbye to them. They would have been candidates for reorganization under bankruptcy or merger with a stronger bank. But, not under the Socialist Plan which rewards them for excesses and utter stupidity.

Additionally, we now find the idiot infesting the White House is gearing up to let..mandate...Fanny Mae and Freddie Mac make loans to individuals who are not credit-worthy or who don't have sufficient income to pay a mortgage payment.

The Marxist Messiah and his Socialist comrades in Congress didn't learn a damned thing about the collapse of the banking industry and the housing sector of the economy! They want reruns.

And all the usual suspects and O'Bomber Kool-Aid drinkers cheer...YEA!

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Catalina
Knowflake

Posts: 1925
From: shamballa
Registered: Aug 2013

posted July 08, 2014 11:51 AM     Click Here to See the Profile for Catalina     Edit/Delete Message   Reply w/Quote
... paranoid piffle. There is so much wrong with that ^ I don't know where to begin. Don't have time for this. Aikido, baby.

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jwhop
Knowflake

Posts: 7381
From: Madeira Beach, FL USA
Registered: Apr 2009

posted July 11, 2014 11:46 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
What you mean is...that you can't begin to refute what was said. So, you punt instead and have no coherent response.

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AcousticGod
Knowflake

Posts: 8628
From: Dublin, CA
Registered: Apr 2009

posted July 11, 2014 04:32 PM     Click Here to See the Profile for AcousticGod     Edit/Delete Message   Reply w/Quote
I think it's weird to see Jwhop championing the Glass-Steagall Act. Elizabeth Warren has been lamenting its demise for years.

I sure hope Jwhop's saying that conservatives are back on board with healthy regulation of the banking industry, the kind that could've prevented this Great Recession.

Cat is right again. The repeal of Glass-Steagall was on the tongues of many a politician over a series of decades. It was a Republican that brought the bill to do it. I love Jwhop's convenient version that the repeal is the result of Clinton, when in a previous debate he attempted to exclude Clinton from the process of the getting government finances in order. Clinton did it if it was something bad. If it was something good, then it was Republicans that did it. Awfully convenient.

All of this is beside the point, though, as there was seemingly reasonable rational for repealing it. Now there's rational to reel banks in again to keep away from the Too Big To Fail scenario. Elizabeth Warren welcomes you into the fold, Jwhop. Glad you came around.
http://my.elizabethwarren.com/page/s/glass-steagall
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/12/elizabeth-warren-and-john-mccain-want-glass-steagall-back-should-you/

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jwhop
Knowflake

Posts: 7381
From: Madeira Beach, FL USA
Registered: Apr 2009

posted July 12, 2014 09:56 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Excuse me irrelevant one but Kommander Korruption...aka Bill Clinton signed the repeal of Glass/Steagall into law.

It's hysterical that you want to link me up with the far left loon and faux Indian Princess, Elizabeth Warren!

You have to have one foot off the left edge of the planet to run to the left of Hillary. Elizabeth Warren fits that requirement.

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AcousticGod
Knowflake

Posts: 8628
From: Dublin, CA
Registered: Apr 2009

posted July 13, 2014 02:42 PM     Click Here to See the Profile for AcousticGod     Edit/Delete Message   Reply w/Quote
I didn't say otherwise. I simply added some interesting context to the mix, some of which had already been placed there by Cat.

It's hysterical that you placed yourself in alliance with Elizabeth Warren. I had nothing to do with that.

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jwhop
Knowflake

Posts: 7381
From: Madeira Beach, FL USA
Registered: Apr 2009

posted July 15, 2014 11:54 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Yeah acoustic, me and Elizabeth Warren are real tight.

We're both bipedal air-breathers. Problem is, Warren is from the small-brained primate family and I'm Homo-sapien.

You share 97% or more chimp DNA.

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AcousticGod
Knowflake

Posts: 8628
From: Dublin, CA
Registered: Apr 2009

posted July 20, 2014 01:12 AM     Click Here to See the Profile for AcousticGod     Edit/Delete Message   Reply w/Quote
Good one...

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