The Biggest Ponzi Scheme Ever - Capitalism
Posted: Monday, May 03, 2010
by e
Dhammabucha Rocksprings Meditation
Let's face it; when you check your bank account balance or your stock portfolio, you are looking at a Ponzi scheme. Why? Because if everyone decided to withdraw their savings or sell their stocks at the same time, there would not be enough money to cover everyone. Far from it. The only reason capitalism works is because of this reliance on these pyramid and Ponzi schemes.
Banks likewise keep only a token amount of their recorded assets in liquid form, everything else is invested in their particular Ponzi schemes, whether they are derivatives or just the plain old stock market. That means that we and the banks are dependant upon the law of averages that say we will not all withdraw at the same time.
What actually started the great recession was a coming to terms with this reality that the pyramid could easily collapse. As a matter of fact, just the psychological acknowledgement of this caused great upheavals in the financial markets because when the inflow of capital stopped, the Ponzi schemes all collapsed beginning with the inflated housing market where anticipated future increased evaluation of homes was used to float credit, the psychology of fast money which permeated the entire banking community.
In other words, we were shocked out of our illusory wealth scenario. We, as it ends up, are steeped in poverty were it not for Ponzi schemes, or using the constant inflow of cash as our sustenance instead of legitimate profits.
A simple example would be a household (or government) which lives on credit. There is no basis there for extravagant living other than a paper Ponzi scheme in which the household trusts that their credit will not be called in. If it were, then their financial worth would be exposed for what it is, only paper, not legitimate savings based on good wages. There is no collateral.
When the savings rate is down in a country, as it is historically in the U.S., you can bet that Ponzi schemes rule.
Social security was a trust to be managed by the government. It was not designed to be a Ponzi scheme. You would put your money in, it would be invested, and from those profits you would be paid when you retire.
But when Reagan and Greenspan cut taxes for the wealthy* and was then forced to "borrow" from the Social Security trust in order to offset a rising deficit, all of a sudden Social Security in fact did become a Ponzi scheme because instead of a fund that was growing in value based on the funds investments, there was no fund left!
*Reagan changed the tax code to where the top marginal individual income tax rate fell from 70% to 28%. Since then , middle class America has never recovered, and their standard of living continues to decline today.
Since Reagans presidency, the government has "borrowed" almost 3 trillion dollars from the Social Security fund. Imagine if that money would have been invested in world markets over the years, The fund would now be worth tens of trillions of dollars, and social security payouts would be from the funds profits. But instead, because it has been forced into a Ponzii scheme by Reagan, the older generation has now to rely on the newer generation for their Social Security payments.
If you look closely at capitalism in general, you will see these Ponzi schemes running rampant through almost every aspect of life in one way or another. This means that capitalism is in many ways deceiving. At any given moment, the entire facade of capitalism could be exposed and the presumed wealth of the world decimated.
This almost happened last year, but more Ponzi schemes rescued the day. How many more days of Ponzi schemes do we have left before the bubble bursts?
That's the 64 trillion dollar question.
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Top-level comments on this article: (6 total)So, Mr. E, what would you to fix this CAPITALISM PONZI scheme that WE have created? That is the question to be answered. If capitalism does not work than what will? If the middle class never recovered from Reagan as you stated, then please if you would, explain that mess that we were in when Carter was president? Did the middle class recover from that under Reagan. Or I'm I wrong in my assumption.Also was it Nixon that took us of the gold standard? My understanding of the economy now is that the government is backing the dollar. So we say it is worth a dollar so therefore it is worth a dollar? I am understanding that correctly.Hello Matthew, thanks for commenting.“So, Mr. E, what would you to fix this CAPITALISM PONZI scheme that WE have created? That is the question to be answered. If capitalism does not work than what will?”What works is virtue, honesty, not using others to enrich yourself. No usuary, no using interest to make money off of money. No gambling, no get rich schemes, no Wall Street casinos. What works is honesty and integrity, making sure that all have adequate health care, food and shelter instead of wasting our precious resources on a bloated military with a budget twenty times the next most powerful country’s military, an over bloated military that is only is a temptation for ambitious chicken hawks to conquer little countries to assuage their insecurities.“If the middle class never recovered from Reagan as you stated, then please if you would, explain that mess that we were in when Carter was president? Did the middle class recover from that under Reagan. Or I'm I wrong in my assumption.”You are misguided in your assumptions. Reagan only hurt the poor and middle class. History is beginning to expose exactly what he was all about, and it wasn‘t for the common people, like me, and I assume you. He was all about wealth and exclusion. For example; he and McCain voted against Martin Luther King day. Reagan was all about the RWP (Rich White Party). He also fought tooth and nail against any kind of social programs that help the poor and middle class.In the late 1940s, he provided the FBI with names of his fellow actors whom he believed to be communist sympathizers within the motion picture industry. This witch hunt, which proved nothing but embarrassing to our country, was however a good indication of the character of the informants.In his position with General Electric, he wrote his own speeches, laboring diligently and daily upon his prose. Eventually, the speeches became too controversial for the company's liking, and he was fired by General Electric in 1962. He formally switched to the Republican Party the same year, revealing, "I didn't leave the Democratic Party. The party left me."He opposed certain civil rights legislation, although he later politically reversed his opposition to voting rights and fair housing laws. He strongly denied having racist motives.When legislation that would become Medicare ( helping poor and middle income Americans) was introduced in 1961, he created a recording for the American Medical Association (See “Operation Coffee Cup”) warning that such legislation would mean the end of freedom in America. He said that if his listeners did not write letters to prevent it, "we will awake to find that we have socialism.”He was involved in high-profile conflicts with the protest movements of the era. On May 15, 1969, during the People's Park protests at UC Berkeley, he sent the California Highway Patrol and other officers to quell the protests, in an incident that became known as "Bloody Thursday". He then called out 2,200 state National Guard troops to occupy the city of Berkeley for two weeks in order to crack down on the protesters. When the Symbionese Liberation Army kidnapped Patty Hearst in Berkeley and demanded the distribution of food to the poor, he joked, "It's just too bad we can't have an epidemic of botulism." He didn’t want to hear what the common people had to say.Only a short time into his administration, federal air traffic controllers went on strike, violating a regulation prohibiting government unions from striking. Declaring the situation an emergency as described in the 1947 Taft Hartley Act, he held a press conference in the White House Rose Garden, where he stated that if the air traffic controllers "do not report for work within 48 hours, they have forfeited their jobs and will be terminated." Despite fear from some members of his cabinet over a potential political backlash, on August 5, he fired 11,345 striking air traffic controllers who had ignored his order to return to work, busting the union. According to Charles Craver, a labor law professor at George Washington University Law School, the move gave Americans a new view of he, who "sent a message to the private employer community that it would be all right to go up against the unions.” Again, workers to he were second class citizens, a scourge to free enterprise and making money.The minimum wage remained the same during the tenure of his administration.He implemented policies based on supply-side economics and advocated a classical liberal and laissez-faire philosophy (for big business) seeking to stimulate the economy with large, across-the-board tax cuts. Citing the economic theories of Arthur Laffer, he promoted the proposed tax cuts as potentially stimulating the economy enough to expand the tax base, offsetting the revenue loss due to reduced rates of taxation, a theory that entered political discussion as the Laffer curve. Heomics was the subject of debate with supporters pointing to improvements in certain key economic indicators as evidence of success, and critics pointing to large increases in federal budget deficits and the national debt. His policy of "peace through strength" (also described as "firm but fair") resulted in a record peacetime defense buildup including a 40% real increase in defense spending between 1981 and 1985. (Budget deficits and increased military spending insured reduced social benefits for the common people, a known tactic for those who support big business and Wall Street).His policies proposed that economic growth would occur when marginal tax rates were low enough to spur investment, which would then lead to increased economic growth, higher employment and wages. Critics labeled this "trickle-down economics"—the belief that tax policies that benefit the wealthy will create a "trickle-down" effect to the poor. Questions arose whether his policies benefited the wealthy more than those living in poverty, and many poor and minority citizens viewed him as indifferent to their struggles.Following his less-government intervention views, he cut the budgets of non-military programs including Medicaid, food stamps, federal education programs and the EPA. He protected entitlement programs, such as Social Security and Medicare, however, his administration attempted to purge many people with alleged disabilities from the Social Security disability rolls.The administration's stance toward the Savings and Loan industry contributed to the Savings and Loan crisis. It is also suggested, by a minority of critics, that the policies partially influenced the stock market crash of 1987, but there is no consensus regarding a single source for the crash. In order to cover newly spawned federal budget deficits, the United States borrowed heavily both domestically and abroad, raising the national debt from $700 billion to $3 trillion.As a result of his legacy, Wall Street, banks and security firms have been regulated less and less over the years. So much so that regulations, it was believed, became unnecessary because the markets knew intuitively what they were doing. The Las Vegas casino effect that developed infected even the middle class with their amateur day traders and portfolio connoisseurs, while the real gamblers only became more wealthy. But it was a house of cards originally built by him.Now, things have gone too far to back out. Easy credit is being again hyped even by the government because the economy cannot function without it. We’re hooked. This is where we are, and it stands to reason that it can’t continue this way. Things have gone way over the top since he deserted the common man. Just look at middles class wages, and the percentage of wealth held by the top tier of the population.We might hold off judgment day for awhile, we can still borrow a lot of money, but eventually we will have to face the truth about our status in the world, which is becoming increasingly dicey with many jobs going to more competitive countries. And right now, that status, which relies almost solely on credit, is under the gun to the point that we are paralyzed in congress to do anything about it, other than throw more borrowed money at the problem. Without borrowed money, our economy would surely crash unlike anything we have ever seen. Just take a hard look at Greece.Carter took office during a period of international stagflation, which he inherited from Nixon and Ford, which seems to be what democrats always inherit from Republican misguided adventurism. History is also beginning to expose what Carter was all about. Since leaving office, Carter's reputation has much improved. Carter's presidential approval rating, which sat at 31% just prior to the 1980 election, was polled in early 2009 at 64%.“Also was it Nixon that took us of the gold standard?"Yes to fund the Vietnam war.“My understanding of the economy now is that the government is backing the dollar. So we say it is worth a dollar so therefore it is worth a dollar? I am understanding that correctly.”The dollar’s worth is psychological. Nothing backs it up. A Ponzi Scheme!Thanks again Matthew, please comment as often as you can. It gives me a chance to sanely discuss liberal views which are not screamed out as loudly and consistently in the media as are erroneous conservative views.Best…..e
So the collapse of the economy is due to Reagan and Greenspan pulling money out of the Social Security fund and creating a Ponzi scheme? Even though the next four presidents could have easily stopped taking money from fund. Butt chose not too. I'm understanding that?I also thought that a lot of the economy was based off of the housing market that crashed due to sub prime mortages. My understanding of the sub prime is that Carter enacted the Community Reinvestment Act that had banks giving loans to poeple that could not pay them back. Then Bill Clinton added more muscle to it.But I believe in the end that there is plenty of blame to go around for the shape that the economy is in. From you and me using credit cards to pay for items we just can not pay for right now. To every president from FDR to Obama. From entitlement laws like Social Security and food stamps to over paying for missiles. I think we are all to blame for this mess. Right and left, black and white, rich and poor. At some point we as Americans have to stop pointing fingers at each other start making a real honest effort to repair this country. Or we become Rome, we fall due to internal conflicts. History repeats itself because people will not study the past and make adjustments.Hello again Matthew!“So the collapse of the economy is due to Reagan and Greenspan pulling money out of the Social Security fund and creating a Ponzi scheme?”The current recession can be directly traced back to Reagan’s deregulation.“Even though the next four presidents could have easily stopped taking money from fund. Butt chose not too. I'm understanding that?”They really couldn’t. Reagan’s tax cuts for the wealthy, raping the Social Security fund, and military build up sunk us into incredible deficits. He knew what he was doing - breaking the country so that social programs would be gutted. You will see this theme with all Republican administrations. They are 100% for the wealthy anddisdain the underclass.“I also thought that a lot of the economy was based off of the housing market that crashed due to sub prime mortages. My understanding of the sub prime is that Carter enacted the Community Reinvestment Act that had banks giving loans to poeple that could not pay them back. Then Bill Clinton added more muscle to it.”Actually, it was deregulation of the banking industry when the Glass-Steagull act was rescinded by the prompting of a Republican congress. Bill Clinton balanced the budget and was on his way to getting things straightened out. Then Bush!“But I believe in the end that there is plenty of blame to go around for the shape that the economy is in.”Yes, Republicans, big banking, Fat Cats, Wall Street.“From you and me using credit cards to pay for items we just can not pay for right now.”The only reason that middle class America is strapped and forced to use credit is because for the last thirty years, because of Reagan, their standard of living has declined, They can’t keep up with inflation with declining wages and benefits, while the wealthy have made out like bandits. If you are middle class, you have been financially hurt as well. Add to that the predatory practices of big banking - unregulated - and you will begin to see the real problem. It‘s not the poor and middle class, not by a long shot. Look to the deep pockets that instead of adding to manufacturing, pay increases and benefits choose to gamble the money away in derivative trading.“To every president from FDR to Obama.”FDR protected the poor and middle class, and he did not create entitlements. He created Social Security which was designed to pay for itself and would have beautifully until Reagan and Greenspan stole the funds to pay for tax cuts for the already wealthy and to build up a useless military with a WW II mentality. Simple as that. Medicare is also pay as you go. Unrestricted medical practices, such as hospitals charging 326% mark up in all their services is the problem. Switzerland controls medical costs. We should do the same, otherwise only those making 300 grand will have insurance and medical care. I am for BIG government, because I trust Wall Street and big business about as far as I can throw them. Nothing but unbridled greed. If you don’t understand what happened over the past two years, and what Obama is getting us out of, you don’t understand the deceit and manipulation of bankers. But it’s Reagan’s fault fundamentally, and hopefully Obama will correct that with strict regulations of the banking industry and Wall Street. If children can’t play nice together they need disciplined.“From entitlement laws like Social Security and food stamps to over paying for missiles. I think we are all to blame for this mess.”Social security is a paid in trust. I paid plenty all of my life for the Social Security checks I am now receiving, and I believe it is a great program. Without social security, or some form of social welfare for the old, the sick and the poor, we would not be America, we would be South Africa or a third world nation. How you Take care of your underprivileged indicates a country‘s character. If you are too greedy to help others, you will eventually lose everything, including your virtue and character.
Regarding the military, thanks to Bush, when the budget was signed into law on October 28, 2009 the final size of the Department of Defense's budget was $680 billion, $16 billion more than Obama had requested. Adm. Mike Mullen, the chairman of the Joint Chiefs of Staff expected an additional supplemental spending bill, possibly in the range of $405 billion, by the Spring of 2010 in order to support the wars in Iraq and Afghanistan. Defense-related expenditures outside of the Department of Defense constitute between $216 billion and $361 billion in additional spending, bringing the total for defense spending to between $880 billion and $1.03 trillion in fiscal year 2010.
The actual cost of the military, including all present and past military obligations, is about 55% of the entire budget. And how do we stack up with other countries?
France: $61 Billion
China: $59 Billion
UK: $53 Billion
Russia $43 Billion
Canada $19 Billion
Mexico $6 Billion
U.S. $1,003 Billion (One Trillion, Three Million Dollars)*
“Right and left, black and white, rich and poor. At some point we as Americans have to stop pointing fingers at each other start making a real honest effort to repair this country.”Nothing wrong with pointing out that the GOP has absolutely no minorities among their ranks in congress. That’s a fact. Nothing wrong with pointing out that many of our ills today began with Ronald Reagan, that’s a fact, not finger pointing. Nothing wrong with pointing out that Bush was a disaster, even shunned now by his own party. Nothing wrong with pointing to the fact that the Tea party is rich, white racists. That is a fact. You don’t see them demonstrating against Wall Street, or oil companies that pollute the gulf, or anything connected to money interests. It is all very obvious - just the facts.“Or we become Rome, we fall due to internal conflicts.”All societies fail. Everything changes. It is a law of the universe. You will change, your life will change, and we all eventually grow old and die.“History repeats itself because people will not study the past and make adjustments.”Mankind is predictable. Greed, hatred, and ignorance has prevailed since the beginning of human existence. We still pray to an imaginary God and kill those who disagree with us. We still hoard all we can and shun those less fortunate. We still see those of another color as bad, less than us. We all call ourselves religious but have not an inkling of what true religion is.But I must say, one party embraces all races and religions, while one party doesn’t. I think that speaks volumes of the underlying motives of each party. Wouldn’t you say so?Thank you for the comment, Matthew. Please feel free to continue commenting. I have a little time this week to respond.
Best as always........e
Wow! Mr. Rock you have let me down a little. So my understanding is correct, you believe that Reagan and both Bush one and two, along with Wall Street, Big Oil, Big Business, Rich WHITE people, the tea party, and an imainary God are to blame for the problems or possible collapse of the United States? Interesting.Please re-read my article and tell me specifically what you disagree with and why, stating facts rather than opinions, item by item, instead of broad brushing and bumper stickering. Then perhaps we can have an intelligent conversation.Otherwise I will merely repeat my article in response.Thank you.You are correct I have given you my opinion or view on your articles. I try to read all of them, I enjoy the articles and I enjoy the debates we have been having. I like to get the other sides perspective. I think at times it keeps me grounded, with that I will try to give you smoe facts that I have found in dealing with the fall of the economy.The Library Of Congress in 1992 listed combined federal,state, and local welfare budget. Here are some that jumped out at me. Medicaid 118 million, Food Stamps 24 million, Supplemental Income 22 million, Lower Income Housing 12 million, Low Rent Housing 5 million, Food Supplements 2 million, Child Care 825, School breakfast 782 million, Child and Adult food program 624 million.Dealing with just the Food Stamp program that was started in 1939 and ran to 1943 under the great FDR, expanded by Kennedy in 1961, made permanent by LBJ, and yes cut back by Reagan. How much money has American tax payers spent on feeding the poor? Do you think that spending is a little excessive.Think about the whole welfare program that was started by FDR to help people get through the Depression. The welfare program that in time, became a entitlement program. People now expect to get money from the government. Their mother did, their grandmother did, their sister does. The welfare or entitlement program created a welfare state. If you doubt me go down to the unemploement office and listen and watch the people that are there. I have. Go down to the Social Service office and listen to the people, watch the people, you will see and learn that a whole generation is now depending on the government to pay their bills.The government has allowed the younger generations to dumb themselves down because the government will help them through the welfare system. The younger crowd does not have to learn math and science, they do not need to have any kind of work ethics. The government will step in.How about that Cash for Clunkers program that Mr. Obama acted on. The bill was for 3 billion dollars, the car dealers sold 125,000 vehicles, costing the tax payer 24k per vechile. That was a real winner.Here is some more we spent 3.3 billion on healthcare for PRISONERS. It cost the tax payer 90k on each inmate that is on death row. Why is a prisoner on death row costing the tax payer 90k a year? A study done in Maryland states that it cost the US taxpayer 37.2 million per execution of a inmate that is on death row. I'm not sure but I would say that is government over spending. What do you think it cost us to keep Charles Mansion alive?In the end you do not need to repeat your article, I will read it again and still disagree with you. I am sur that Reagan made mistakes. I promise you both Bush one and two made their fair share.But in turn so did Woodrow Wilson with is passive way of handling World War one or the fact that he put his good ole' white southern friends in governement postions after telling the "colored folk" he would put them in. Or how about telling the Irish he would feel deeply mortified to have them vote for him. Truman and FDR with the Alger Hiss affair. Kennedy gets in with his dad having ties to the mob, Bay of Pigs, Cuban Missile Crisis, and the start of the Vietnam War.LBJ and Vietnam. That war alone cost us 584 billion dollars. That was two dem presidents with one rep calling for a ceasefire. Carter bailout Chrysler to the tune of 1.5 billion. So again there is plenty of blame to go around. To say that Reagan and Greenspan caused this is again a little baised. But I have come to expect that when talking with a lib or dem. Never one to see the other side or to think that maybe they were wrong. I hope I gave you more of the response you were looking for. I did not try to write an article to your response, I just tried to throw some facts at you and explain my postion and why I feel and think what I do.Mr. Rock, no hard feelings, I truly do appreciate your point of view, I just disagree. I think Mr. Obama and the congress that is in place is sticking their hand in the wrong pockets and trying to regulate to much. I believe that a few good men tried to do the right thing in 1939 but the system became abused and generations have been done a great diservice. I truly believe that Kennedy was great president. Hell, I even liked Bill Clinton. Reagan and Greenspan did not cause this failure. It was set up along time go. Look at the history books.Thank You so much for your time and intellect. I really do appreciate.Matthew HoneycuttHi Matthew, good comment! In response, I will say that I would rather give money to the poor than the military. And here's some facts regarding what we spend as a government, not including Social Security and Medicare which is privately funded.Current Military$965 billion:• Military Personnel $129 billion• Operation & Maint. $241 billion• Procurement $143 billion• Research & Dev. $79 billion• Construction $15 billion• Family Housing $3 billion• DoD misc. $4 billion• Retired Pay $70 billion• DoE nuclear weapons $17 billion• NASA (50%) $9 billion• International Security $9 billion• Homeland Secur. (military) $35 billion• State Dept. (partial) $6 billion• other military (non-DoD) $5 billion• "Global War on Terror" $200 billion [We added $162 billion to the last item to supplement the Budget's grossly underestimated $38 billion in "allowances" to be spent in 2009 for the "War on Terror," which includes the wars in Iraq and Afghanistan]Past Military$484 billion:• Veterans' Benefits $94 billion• Interest on national debt (80%) created by military spending, $390 billionHuman Resources$789 billion:• Health/Human Services• Soc. Sec. Administration• Education Dept.• Food/Nutrition programs• Housing & Urban Dev.• Labor Dept.• other human resources.General Government$304 billion:• Interest on debt (20%)• Treasury• Government personnel• Justice Dept.• State Dept.• Homeland Security (15%)• International Affairs• NASA (50%)• Judicial• Legislative• other general govt.Physical Resources$117 billion:• Agriculture• Interior• Transportation• Homeland Security (15%)• HUD• Commerce• Energy (non-military)• Environmental Protection• Nat. Science Fdtn.• Army Corps EngineersFed. Trade Commission• other physical resourcesSo I added up your "Here are some that jumped out at me. Medicaid 118 million, Food Stamps 24 million, Supplemental Income 22 million, Lower Income Housing 12 million, Low Rent Housing 5 million, Food Supplements 2 million, Child Care 825, School breakfast 782 million, Child and Adult food program 624 million."And came up with 2.4 billion. Lets see; if we spent as much on the poor as we do the military, we would have about - wait a minute, let me spell this out to you:Military budget - 1.449 TRILLIONSocial programs, as you stated, - 2.4 billion.That's a difference of, lets see; 1 trillion, 449 billion minus 2. billion. Gosh if we would spend as much on social programs as our military, in other words if we added both together and divided by 2, we would have about 730 billion more to spend on our people for such things as food housing and child care! Wow! That's impressive!C'mon, Matthew, have a little compassion. You'll feel better :) There are lots of people out there with nowhere to turn, and few game the system. That's phony.Best as always.....e.
I agree that capitalism is the worst possible form of economy - if you don't count any of the others!Hi Terry, actually, capitalism that is regulated, and socialism that is regulated is fine, A good mix of both of them.But capitalism has become a casino, Reno, Las Vegas and completely blind to altruistic endeavors. It's become a Ponzi scheme. Charity or social responsibility doesn't help the bottom lines.
And regarding socialism, our military now spends about 1 trillion 450 billion dollars a year, while Medicaid spends 118 million, Food Stamps 24 million, Supplemental Income 22 million, Lower Income Housing 12 million, Low Rent Housing 5 million, Food Supplements 2 million, Child Care 825, School breakfast 782 million, Child and Adult food program 624 million.
That‘s 2.4 billion compared to 1,450 billionYears ago when the financial markets were stable, a local bank held your mortgage, they didn't sell it. And they had security in that mortgage. Now a mortgage is sold as soon as it is finalized. This is stupid - that we allow banks to act this way. It all began when Reagan deregulated the savings and loans in 1982. Look what happened to that!Look at the pharmas and the billions they spend advertising their drugs - Viagra, while charging Americans up to ten times the world price of their drugs. Look at the hospitals that charge a mark up of 326% on all hospital services, while you can get the same procedures done in Thailand for 1/10 the cost with many times better results. Greed, that's what it's called, and will prevail until someone says something or the country topples under the weight of it's own greed, it's high prices.Enlightened capitalism would be different. That would be where profit is plowed back into workers and plants, not derivatives or overseas exploits, and where capitalists limited their income to a small percentage of their lowest paid workers, and profits to a responsible level. Then everyone would have access to basic health care, shelter, food and clothing, and an opportunity to make fair wages and benefits where wealth disparity narrowed from the ridiculous levels it is now at. Greed, unless regulated, turns into distrust and eventual anarchy. Compassion and mutual respect turns into fair treatment for all and eventual peace.
Best......e
So you rather give money to the poor making them codependent on hand outs. Which in essence enslaves them to the goverment, which then punishes them with smaller hand outs, when they try to better them selves. Sounds like an great plan to me Rock, keep them indebted and helpless. Why would you want to teach them to fish Rock when you can teach them learned helplessness and intitlement, forever prolonging the cycle.Thank you for your comment. May you find peace and generosity in your heart
I totally agree; only the most obsessed free-trade/anarchists could deny that the policies of both parties beholden to big money to finance their elections, but esp. Reagan and the anti-worker, pro-finance, pro-corporate elite philosophy he brought in, put the current and future inevitable crises in overdrive. Unregulated Capitalism is indeed a Ponzi scheme; the ultimate loser will be planet Earth itself.
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