trade

Larry Summers – “Key Figure in America’s Downfall”

don't kill em but lock him down for 30 years
don’t kill em but extend the “lockdown” for Larry to 30 years

https://en.wikipedia.org/wiki/Lawrence_Summers

Goldman Sachs: U.S. ECONOMY TO SHRINK 24% FROM APRIL to JUNE 2020

https://finance.yahoo.com/news/u-economy-shrink-24-april-155126416.html

The Declaration of Independence – for it’s age of over 250 years – was and still is (!) GREAT AMAZING MASTER PIECE OF CULTURE AND CIVILIZATION.

A beacon of light in the middle ages.

Now it seems the corrupting forces of capitalistic have worked steady on going back in time to the middle ages (PLEASE NOT AGAIN!) (corruption -> collapse -> say hello to the middle ages, rebuild from ash and rubble)

Maybe it is time for a new and better constitution for the US – that has CONCRETE DIRECT TRUTH SCIENCE AND EVIDENCE BASED LAWS for SUSTAINABLE SURVIVAL OF ALL MANKIND.

Since then… nobody is to blame but:

  • the reckless
  • the ignorant
  • the greedy
  • the corrupt
    • everything in the universe depends on a balance
    • when Trump prints $2Trillion new Dollars and hand them out IN SECRECY WITHOUT ANY conditions (to bail out wallstreet (“the cancer”) not mainstreet (the society/worker)) he makes a terrible mistake and just increased INBALANCE and DECREASED STABILITY
      • i expect Trump to step down in the next weeks for mishandling a massive crisis
      • Trump and other’s do not understand – they are not as important and mighty as they think – that without a rise in paychecks – without people working for it – money is worth NOTHING – it becomes paper without a function and purpose.
      • also:
        • Central Banks and
        • law makers
        • NEED TO REALIZE THAT ALTERNATIVES (biodiversity of monetary / cooperation systems = is good = more stable economy & society) ARE GOOD AND SHOULD BE ALLOWED

          • this also means: gov (of course should not over tax anybody) BUT NEEDS TO ALLOW/ACCEPT PAYMENT OF TAXES in many other currencies such as BitCoins
        • ALLOW ALTERNATIVES TO FIAT CURRENCIES OR RISK SOCIETY COLLAPSE
  • have killed the American Dream. (some are still fighting… like Elon Musk)
https://finance.yahoo.com/
https://finance.yahoo.com/ live stream

for me: it is a crisis of ignorance = STUPIDITY (not bliss) and lack of education

If you want to kill a country – kill it’s education system.

Because in a society full of idiots – what do you think will happen?

Shit will happen. A LOT OF SHIT.

USA… sorry to say but… unless USA can do the turnaround and become a beacon of light again – refugees will be the least problem – Nobody will want to move there anymore.

My sincere sympathy with the US Jills and Joes of mainstreet.

If people are paid too little “working poor” – if work does not pay off anymore – the whole capitalistic free market system is about to fail.

If it is the same income if people stay at home or  or go to work – something fundamental is wrong and it is not the state well fare.

It is a evil combination of big companies and super rich 1% dogging their collective responsibility for society and avoid taxes and paying their workers too little (poverty line is 1000€ after taxes in Germany, minimum wage is 9.35€ before tax per hour.

or in other words:

if extraction / stealing money (also in digital form) in secrecy (cum-ex scandal: banks are fined to pay 400 Million € (aprox. 80 Billion € in taxes are fleeing EU countries EVERY YEAR! (with the help of banks))) pays off  better paid than actually CREATING VALUE (which should be all the free market is about about) – capitalism is a cancer to itself and programmed for self destruction.

The US and the EU should team up (maybe at the UN?) and place trade embargoes on countries that become rich with tax dumping and avoidance – if Trump and and the next president does not take this topic serious – they don’t take justice serious.

It is rather a very unsustainable way of finance and economics that will drive voters towards more radical parties (extreme right wing minister could only be prevented in economically weak east Germany (former DDR) by intervention from Merkel).

Taz: Macron now wants to “flexibilize” wages in France by eliminating collective agreements for entire industries, but only agreements for individual companies.

Flassbeck: “This is exactly the wrong policy and a blind copy of the German guidelines.

France would have to reduce its wages by about -20% in order to catch up with Germany.

But this is not possible because domestic demand in France would collapse and unemployment would rise dramatically.

Instead, German wages would have to rise by about +5% annually, over many years. Only then will there be a Chance to save Europe.

https://taz.de/Heiner-Flassbeck-ueber-Macrons-Politik/!5416608/

If people are paid NUTHIN’ they can’t buy NUTHIN’ and the whole fucked up system collapses.

Just look at Greece and it’s devastated economy.

Why is this so hard to understand? X-D

superb documentary “System Error – How will capitalism end?” (Optiz, 2018)#

PS: faster machines are nice – but sufficient fast machines are sufficient/enough – going faster and faster will not rescue the planet – a holistic concept for sustainable survival of life on this planet could.

Links:

https://medium.com/@Swartzchild/the-cancer-of-capitalism-92d82bd01089