Thursday, November 10, 2011

The new feudalism isn't new and is really the norm

Greece fell to the control of the bankers today as on of their own, former European Central Bank VP Lucas Papademos has become the new “unity” PM replacing the former PM that had suggested letting the people vote on the austerity measures. “We’ll have none of that” sniffed the bankers, the ECB bankers make ours look like a bunch of saints. Iceland gave them the bums rush after bankers destroyed their economy and so far Iceland is doing just fine. The bankers can’t let that contagion spread.

Italy is next in line for take over as they are expected to appoint an economist to replace PM Berlusconi. Mario Monti is known as a technocrat who favors tough austerity measures and that would of course play directly into the hands of the banksters. As austerity is applied, the economy shrinks, making it more and more difficult to repay the massive debt. This causes deflation which makes the debt impossible to repay.

It doesn’t seem to occur to anybody that debt is just paper. For governments the debt represents borrowing money from rich people who haven’t been paying taxes. Government shouldn’t need to borrow money, that’s what taxes are for. For the middleclass, debt represents a replacement for substandard wages (also so the middle class can pay the cost of services that should be free such as education). The middleclass shouldn’t need to borrow from rich people either, they should be paid on the basis of how productive the economy is. Rich people shouldn’t have enough money to do that kind of lending and in fact they don’t really, they’ve simply been stealing the money and loaning it out at a steep vig in order to steal more.

Under Reaganomics the economy would collapse if consumers weren’t given money to spend through debt as their wages don’t create sufficient demand in the economy for the supply being produced. Sure spending by the rich is making up an ever growing share of the retail sector, but it just isn’t enough. But if you think that will be the undoing of the rich, you are wrong, feudalism isn’t just a medieval concept. The days of the Antebellum South were great times for the one percent even as the majority of the population were slaves, and most everybody else was dirt poor.

In short the one percent know what they are doing as they begin setting up their feudal states. We can’t sit back hoping the “natural order” will work in our favor. A significant middleclass has never been the natural order of things throughout history. A fabulously wealthy one percent (or less) has been the norm with everybody else in poverty. The rich see this as their birthright and the way things “should be” as god ordained it. Fight back now, we won’t get a second chance at this. www.prairie2.com

27 comments:

Anonymous said...

you say we should get services like education free. Do you really believe that no one has to pay for all of these services? If you do indeed believe this, please let me know what that new stuff is you are smoking.

prairie2 said...

not providing services like education is what is really expensive. Without a base of knowledge and critical thinking skills, you get Fox News viewers.

Fee for service schemes like charging for toll roads doesn't get you more roads but creates more expense and allows the rich to skim a big slice off the top. It works the same for all these things the right wants the people to pay for. You get less of it at a greater cost. All the countries that eating our lunch do the opposite.

Anonymous said...

I think you have taken one too many hits off the bong of arrogance. You need to get over yourself and try your hand at creating wealth from hard work, risk and sacrifice.

Anonymous said...

Good education in a country is something that everybody benefits from. Bad education is suffered by all. The Nordic countries have done quite well with their free education.

-

Your article brings up some valid points.
Debt is economic poison.
If they want me to spend more, then let them pay me a better wage. I am not going to supplement my income by taking on credit, because that only makes me a debt slave with even less to spend in the future. Those banksters like that.

What will happen if these banks fail? Plain nothing!
Our houses will still be there, the factories will still be there,.. life goes on.... Only some rich people and banks who their lose money. Nothing to cry about. They deserve losing it, because they are trying to suck our blood by keeping people and governments in perpetual debt, charging us interests on paper money they have created out of nowhere.
If you tried doing that you would be in jail pretty quickly.

It's about time to see that free lunch come to an end.

prairie2 said...

Did you ever notice how Right Wing Trolls always conflate the confidence that comes from knowing the facts and understanding the way things really work, with arrogance? When will one of them explain how any of their right wing talking points make the world a better place or how it really saves any money to charge double for public services so that billionaires can maintain the lifestyle to which they have become accustomed? For them any fact can be countered with a hypothetical concept that has already been disproved. Failing to come up with one of those, an insult will suffice.

Anonymous said...

There was a time in our country when we had honest, integrity, rules, discipline. That no longer exists. There was a time when we actually had an honest monetary system, a system that placed checks and balances on governments and banks. That no longer exists. I could write a bunch of "there was a time" comments, but hopefully you get the picture. The 1% weren't always the 1%. They got to be the 1% by leveraging what came to be a completely dishonest and corrupt monetary system which beget a completely dishonest and corrupt government and banking system. Good luck with your mission. I hope it works out.

Anonymous said...

The fabulous experiment called the United States of America as well as other societies comes at a cost to all that participate in and enjoy it's civil society. In the good old days that one percent paid for that privilege (taxes-read walmart chillin sellin their off shored USA exported jobs to produce the junk) in proportion to the benefit (sellin in the infrastructure of the United States of America) they enjoyed made s%$ttons of profit (11% of America's GDP-WTF!. Tax wall street and the one percent like they did in the good old days and if they don't like, let them take their money and move to china or some such. Then slap an import duty on their products if they want to participate in the United States of America economy.

Anonymous said...

Free education is an excersize in circular logic. Free education is provided by government owned schools. That isn't education, it's indoctrination.

prairie2 said...

The government owned schools all have local boards that tend to be dominated by Republicans and the Texas State School Board has been writing everybody's text books so I would have to agree with the indoctrination complaint. If we hadn't allowed that to go on for the last 60 years we wouldn't be in this mess. But privatizing the schools only makes it so much worse.

Anonymous said...

Your ignorance astounds me.

James said...

The solution is really simple if you understand the problem. The hard part is see through the lies and distractions that permeate our society. Take the power to create currency away from the bankers. Its not about rich people, free education or the dog and pony show they call politics. Its about reversing the brainwashing and propaganda that has resulted from the banker control of our media, educational systems, mega corporations, and government. Wake up people! End the Fed! Central banking and fractional reserve banking are morally and mathematically bankrupt.

malencid said...

When anonymous can spell exercise correctly, I will have more confidence in his ability to discuss his educational treatise.

Anonymous said...

The liberals have had their way with the educational system for over 30 years. A huge amount of money has been spent on it and has continued to expand every year. The students are spoon fed liberal ideology instead of math and science. They are blocked from getting an education from charter schools that are proven to be better and less expensive then the union controlled public school system that doesn't have to compete and is held not responsible for bad outcomes, not being able to fire (tenured) teachers and instead paying them to sit in the corner.

Anonymous said...

As a member of the 1% I find it amusing to be lumped in with those who skim from the economy. I started a small service company 20 years ago with my own saved capital, worked like a dog, didn't buy the McMansion or the BMW, and saved, saved, saved. Now I am apparently an enemy of the people for having the audacity to have let my bank account grow too much! What pecisely is it that I have done wrong?

Anonymous said...

Congratulations on your effort to present the truth as an offset to the politically entrenched, two-party, black or white mentality! Here's another topic I'd like to see addressed: Medical care, saving lives, improving the well-being of Americans, whether rich or poor - if for no other reason than to build rapport between the suffering people and the too-big-to- care. If the main reason for government is to safeguard us, instead of inane laws that only serve as pomp or power to the exclusion of our Constitutional inalienable right of individuals to pursue happiness, stomping it down with their own version, presumably for the collective good, then doesn't it make sense to pursue one of the greatest causes of unhappiness and ... gee, maybe build a whole boatload of medical schools so that instead of mimicking the Insurance industry monopoly that inflates prices by means of "professional birth control," people could actually be grateful for the care that the government provides? BUILD MANY, MANY MORE MEDICAL SCHOOLS - THERE ARE PLENTY OF SMART STUDENTS THAT WOULD LOVE TO SERVE AS SOON AS THE AMERICAN MEDICAL ASSOCIATION IS NO LONGER ABLE TO LOBBY TO PREVENT MORE MEDICAL SCHOOLS FROM BEING BUILT! MORE JOBS! AFFORDABLE HEALTH CARE!
END INSURANCE AND MEDICAL MONOPOLIES!
YEA GOOD GOVERNANCE BY THE PEOPLE!

prairie2 said...

Okay Mr Anonymous One Percent, you didn't start a business with your own saved capital 20 years ago and are now in the one percent. If your story is real and not just talking points strung together, you are probably somewhere in the 20% and don't grasp what it takes to get into the 1% and even then it's really the 0.1% that are the problem (too wordy for a slogan). Nobody in the 99% considers a small businessman the "enemy" and you aren't lumped in with them except that you repeat their talking points and help keep them in power. You need to consider that guys like you are a target of the one percent, they will take your money just as quick as anybody else's.

Barry Murray said...

My comment from the experience of being a Westerner on the wrong side of Wall Street that happens to be in the supply side of a commodity (SilverMining in wilderness Alaska)being beat up by NYC school yard milk money bandits — is that the movement embracing the principals of free trade, and the wisdom of Creator setting down in the Great Book of wisdom as the Bible, Koran, Talmud, etc. concerning usury,and education, should not be allowed to be controlled through the propaganda of through First Amendment Corporate Rights CEO's.

Anonymous said...

I like the way you write - it tells me how intelligent you are. In your commentary you say we "can't SET back hoping". How about we " can't SIT back hoping"? Your idiocy in writing equivalates to the idiocy of your words. Get back to school boy!

prairie2 said...

The right wing troll caught me in a typo and that proves I'm an idiot. Ummm... Why would I want to "get back to school boy!"? Can the school boy type?

Anonymous said...

Praire2 What an honour to listern to you sir. You simply state the absolute truth!! So sad isn't it that some misguided people will never accept truth or understand it, even when it hits them full in the face. Until that time, some time soon! Say it loud and say it proud, my Brother.

macnow said...

Douche..........bags.


That’s all I wanted to say to all the Mr. Anonymous out there like the top of the page poster, and the 1% poster (I'll take the prick at his word).



: - )



Try some honest linkable facts next time when you step into somebody else’s turf… oh wait, you have none.

Ahhhhhh… that makes you an absolute douche bag.



Kicking butt Prairie 2...and much appreciated.

Anonymous said...

Indoctrination is DUH, I gonna watch fox news,
DuH I is a ditto head, Boing goes my brain when I am presented with a rational thought or comment. I am going to talk over any one presenting any coherent thoughts in conversation, Dooiiy ding bing there goes my brain when presented with a rebuttal, Duh pass me a tea bag..........
My hat's off to you sir if you've grown your bank account through your efforts and smarts. Just pay your fair share to keep this American Experiment working. The infrastructure (law, civil redress of grievances in courts of law, fire and police protection, an educated work force and on an on) that you participate in doesn't come free. Please don't support politician: corporate-whores, that are selling out America to foreign sovereignty.

Anonymous said...

I'm sure that if you ever get off the soap box, out of your room and into real situations, all those theories that allow you to feel as superior as you do will be replaced. I do not dislike your intentions, only your arrogance leading to the believe that you, with so little experience are so smart that you can replace the knowledge and experience of many!

prairie2 said...

Concerning my soapbox. You lack any real world experience if you think after reading my writings that I don't have any. I've worked for myself my entire life and I know the "real world" very well thank you. What makes you so foolish as to think people will believe your talking points once they've been exposed to the truth? Is it that you don't get out of your room anymore and really believe your fantasies?

demand_sider said...

Of all his achievements, Thomas Jefferson was most proud of his founding of the University of Virginia as the first public, non-sectarian college in America.

Here, he describes describes a public education bill he submitted in 1779.

"It was a bill for the more general diffusion of learning. This proposed to divide every county into wards of five or six miles square, like your townships; to establish in each ward a free school"

If Mr. Anonymous doesn't care for Jeffersonian Democracy, I'm sure Somalia would suit him better, as there is very little government there.

Anonymous said...

According to The Tax Foundations "Summary of Latest Federal Income Tax Data, Table 7" my AGI does qualify me in the 1% dispite your protestations. If there is some other widely accepted measure then I beg your pardon for my ignorance of it. I do sympathize with your suspicions, after all I can write anything I want true or not. I assure you I am not attempting to misrepresent myself.

I only seek a genuine dialogue with bright people of varying positions who are not so damaged by the effects of cognitive dissonance that they simply cannot see any other viable ideas regardless of the evidence. Have I found it here?

I sympathize with many of your thoughts about the (now .1%!). And, I have read my prior comment several times and I still cannot find any of their "talking points" which I supposedly spouted. To what do you refer?

Lastly, I have not voted Republican or Democrat for 6 years now. Process of elimination pretty much leaves Libertarian! Nothing is perfect. I promise that I won't call anyone who creates a simple typographical error "stupid" or impugn their character if I can get the same. Seems somewhat counterproductive.

prairie2 said...

Still anonymous and still with the talking points, at least adopt a google name if you expect me to know which crack pot I'm talking to. Income is not the truly defining attribute of the the one percent. Control of assets is the only thing that really matters. A 90% tax on incomes in excess of 3 million is not to punish those who "make" money by having a business (as a real business you get deductions and adjustments as a consideration for having a productive business) but it's to keep the rich through their corporations and banks from looting and pillaging by way of mergers and acquisitions and by predatory hedge funds. If you really are a small businessman I would think you would want to keep these people from threatening you with overwhelming capital provided to your competition or to keep from paying double for gasoline because of hedge funds who control the supply. No, I'm not interested in dialog over talking points. If you actually have a real concern, voice it instead of making absurd generalizations about the 99% movement who are trying to regain American freedom for all of us.