Tuesday, May 26, 2015

Whether it's about guns, or money, or books, or speech, the ultimate end is always the same:

Today's Telegraph (UK) news site contains an article adding fire to the war on cash: "How to End Boom and Bust: Make Cash Illegal" by Jim Leaviss, identified as being, "head of retail fixed interest at M&G Investments".

The gist of the article is that once all money is controlled by the world's governments, everything will be wonderful.  They'll have total control over all of us and all of our lives for once.  If people think they should save money, the governments can start charging us to keep it - a tax on savings called negative interest (currently in use in Sweden, Denmark, Switzerland, the European Central Bank, and Australia).  Negative interest will make us spend if the alternative is watching our money evaporate.  Likewise, if we're spending too much, they'll be able to offer interest payments to incentivize us to save money.  If they want to steal calculate they need to confiscate money out of everyone's account, a  Cyprus Haircut, it's a simple as adjusting all the accounts at once.  If despite the negative interest rates being calculated to ensure everyone spends, the velocity of money isn't high enough, they can emulate the helicopter Ben or helicopter Janet fix easily by directly creating money out of nothing for your account.  It would make the scenario Jim Rickards described here drop dead easy
'Drop dead' is the proper response to Rickards, Leaviss, and every other control-freak bastard who wants to do this.
What could possibly go wrong?  I mean besides everything.

And then we have Comrade Sanders(Commie-VT).  Ignore the deodorant bullshit and get to the important part:
Sanders has advocated for returning the personal income tax rate to 90 percent for top earners, as it was in the 1950s. He brushed off the comments from businesses that have called his “revolution” for the transfer of wealth from the top earners to the middle class, similar to Nazi Germany.

“These people are so greedy, they’re so out of touch with reality,” Sanders said. “You know what? Sorry, you’re all going to have to pay your fair share of taxes.”
So, according to Comrade Sanders if you make 'too much' then the .gov taking nine-tenths of it is 'your fair share'.  Right.  Such encouragement to succeed.

And you actually want to keep most of what you work for?  GREEDY BASTARD!  Etc.

And now we come to the real, open 'control' part:
The New York Times reported that Sanders is fine with reducing economic growth if it reduces income inequality.
"We must all be made equally miserable, comrades!  That is only fair!"
Contrast that with this:
Sanders said he would not condemn Hillary Clinton for bringing in millions of dollars in speaking fees but said it would be hard for her to separate fighting for the middle class and fighting against corporate interests.
So 'the rich' and businesses are greedy bastards, but Hillary and Bill get a pass?  Their personal worth is something like $200 million+, but 'I won't condemn her for making all this money'?

Sanders, you're a hypocritical shit.


Phssthpok said...

Relevant to your entire post...


Anonymous said...

"'Drop dead' is the proper response to Rickards, Leaviss, and every other control-freak bastard"

'Be Dead' is a better response.

Windy Wilson said...

Any economist can tell them it isn't the cash that causes the boom and bust, but the credit, and the anointed elites won't give up on THAT addiction any time soon.

I haven't decided if there's enough evidence to validate the end times theorists (as opposed to the ancient aliens theorist with the stand-up hair), but we're certainly living in what Robert Heinlein termed "the crazy years."