'Suicide cult driving US econ. to abyss'

[ktlight]

FYI:


A suicide cult is driving the US economy off the cliff by keeping the United States in a perpetual state of war and by “eviscerating” the middle class, says an economic analyst.


“The only way you can rationalize what the American policy makers are doing is to see it in the context of a suicide cult,” Max Keiser said in an interview with Press TV.

“What we are witnessing is the US effectively committing financial suicide. You'd have to compare [it with] maybe a death cult like Jim Jones in Guyana who convinced the entire population of the cult to drink the cyanide-laced Kool-aid and to kill themselves,” he added.

The finance critic argued that US policy makers want "to continue invading countries, blow through trillions of dollars that they don't have, while simultaneously gutting all the manufacturing capacity in the country and destroying the food supplies with chemicals and genetically modified products (GMO), guaranteeing that most of the Americans today will come down with cancer in the next five to ten years from GMO foods, cell phones and anything else that America excels at."

He said the objectives of these policies are to steal the wealth of the US middle class and to make “the entrenched oligarchy and kleptocrats that are in charge of the country richer than ever before.”

Keiser pointed out that US President Barack Obama is playing a key role in this process which is “the largest transfer of wealth in the history of the US, [one which is] creating a permanent underclass with no jobs, living on food stamps and... people on the verge of rioting in the streets.”

The analyst also accused Obama of abandoning US citizens, saying that the president is “like a captain who has left the ship.”

Keiser predicted a gloomy outlook for the US economy, adding that Americans should expect higher food and energy prices, with the poverty rates also rising.

On Thursday, Moody's Investors Service warned that it might review the US for a possible credit downgrade amid concerns about the current national debt crisis coming to more than USD 14.4 trillion.

Bank of America, Citigroup and Wells Fargo Co. may be downgraded by Moody's, the provider of credit ratings and research covering debt instruments and securities, as the rating firm reviews whether the government will limit its support of the largest financial firms.

source and to view video, well worth the time
http://www.presstv.ir/detail/182977.html

[sshenry]

What Keiser fails to mention is that the current state of the American Economy and our involvement in its various conflicts can not be pinned on just the current administration, but is the result of years, even decades of abuse and mis-use.

The US has been involved in one conflict or another ever since Vietnam and the current conflict is probably the only thing that is keeping the economy from collapsing altogether. In fact, if we STOPPED war, all war and conflict, right now, the economy would probably go as flat as a pancake quicker than you can say Keyesian Economics.

[Lord Sidious]

Ok nuggets, what type of political system ALWAYS sets out to destroy the middle class?

[sshenry]

Kleptocracy :D

[Lord Sidious]

Kleptocracy :D

Yeah, but what formal name does it have?

[sshenry]

Kleptocracy :D

Yeah, but what formal name does it have?

Authoritarian - Dictatorship (a form of).

[ViralSpiral]

http://4.bp.blogspot.com/_FULh8WPjvVk/TP4mYmd2QSI/AAAAAAAAAHY/zYOlfu5d3ag/s400/globalization1.gif


?

[Lord Sidious]

Keep trying.

[sshenry]

You looking for the official term Oligarchy?

Oligarchy: a power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, corporate, or military control.

[MargueriteBee]

Share this on facebook, tell all your friends.

[ViralSpiral]

Interest rates :D

[Lord Sidious]

You looking for the official term Oligarchy?

Oligarchy: a power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, corporate, or military control.

Communism.

[DNA]

The elite are only concerned with filling their bunkers with goodies before depopulation takes place.
Read THE REPORT FROM IRON MOUNTAIN (http://www.thelivingmoon.com/47john_lear/08PDF_Files/Report_from_Iron_Mountain.pdf)a free PDF

[Lost Soul]

It's not communism. Communism is when the state owns everything so in theory everything belongs to the people. It's the merger of corporate and state power, or facism that is rising in Estados Unidos.

[Lord Sidious]

It's not communism. Communism is when the state owns everything so in theory everything belongs to the people. It's the merger of corporate and state power, or facism that is rising in Estados Unidos.

Erm, no, communism is in theory, not in fact.
Communism can also be called monopoly capitalism.
It is a form of oligarchy where very few people own the businesses.
How do you think there were rich people in communist countries?
America appears to be fascist on the surface, it is however communist in nature.
The problem is, it is not the same flavour as the old soviet union, so people don't recognise it as such.

[ulli]

You looking for the official term Oligarchy?

Oligarchy: a power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, corporate, or military control.


....as in cream on top of milk, or floating t*rds on top of a cess pit, depends only where in the pot one finds oneself.

[yaksuit]

The ingrained concept of elasticity and in-elasticity of "demand" has provided a false sense of economic "security" which has led to the rubber band(s) to snap. The ability to snap this elasticity is no accident imo.

Cheers,
yak

[sshenry]

You looking for the official term Oligarchy?

Oligarchy: a power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, corporate, or military control.

Communism.

Hmmmm - perhaps in practice that is what communism does, but in theory it is not quite that simple. Communism is only a problem when it is an oligarchy (that is when a few people are in control). When (or if rather) it were enacted by individuals it would be a different story.

Besides that - the middle class is just an illusion. There is the top 5% of the world, and then there is everyone else. In comparison, there really is no "middle" class.

[Dorok]

Besides that - the middle class is just an illusion. There is the top 5% of the world, and then there is everyone else. In comparison, there really is no "middle" class.

Too true...the middle class is the remaining subset of the 95% who can afford to feed themselves for the moment.

[Rocky_Shorz]

and socialism is a system that takes care of the poor instead of tossing them into the streets to let them starve...

when you hear a gazillionaire talk about the evils of socialism...

what part does everyone think is evil?


sharing...

[Dorok]

A wealthy persons point of view:

If I give 1000 hungry people $1 each, no one is helped, but if I keep that $1000 for myself...whoo-hoo!

[Carmody]

You looking for the official term Oligarchy?

Oligarchy: a power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, corporate, or military control.

Communism.

Communism is quite effective, if it can come into being, as it gives the people no resources on which to attempt anything. The entire system is choked and drained of all resource.

The reality, IMO and IME, is that we've never seen 'real' communism, as we've never seen 'real' democracy'. We've seen some components of 'real' capitalism, but only some aspects.

What we have seen globally in the past 200+ years in western society...is semi-hidden oligarchies. That -----we know, we are familiar with it, retrospectively speaking.

[Lord Sidious]

You looking for the official term Oligarchy?

Oligarchy: a power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, corporate, or military control.

Communism.

Hmmmm - perhaps in practice that is what communism does, but in theory it is not quite that simple. Communism is only a problem when it is an oligarchy (that is when a few people are in control). When (or if rather) it were enacted by individuals it would be a different story.

Besides that - the middle class is just an illusion. There is the top 5% of the world, and then there is everyone else. In comparison, there really is no "middle" class.

I would define the middle class as those who have their name on a certificate as those who enjoy possession of land rather than those who rent.
So there is a middle class, even though they don't own the land.
And this is why the communist system always attacks them, to dispossess them as it did to the kulaks.




You looking for the official term Oligarchy?

Oligarchy: a power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, corporate, or military control.

Communism.

Communism is quite effective, if it can come into being, as it gives the people no resources on which to attempt anything. The entire system is choked and drained of all resource.

The reality, IMO and IME, is that we've never seen 'real' communism, as we've never seen 'real' democracy'. We've seen some components of 'real' capitalism, but only some aspects.

What we have seen globally in the past 200+ years in western society...is semi-hidden oligarchies. That -----we know, we are familiar with it, retrospectively speaking.

Don't confuse the Greek form of democracy from aeons ago with the modern form.
The modern form is socialist and like socialism, an interim phase to full on authoritorian communism.