In reading about what the two idiots, IQ45 and Musk,
are doing, we can get a fairly good idea of the rest of
this year and next year, is going to look like…
Economics 101: we have three means of keeping
the economy afloat… one is government spending,
two is business, and three is private, people spending…
think of this as a stool with three legs… for a stool
to remain upright, it needs all three legs to bear
their weight equally… or the stool collapses…
IQ45 and Musk, by cutting government spending is also,
damaging the economy… it forces both people and businesses,
to cut back on spending because government contracts are spread
widely throughout the economy… one example is that they
cut the funding to Columbia university… by 400 million dollars,
this ideological attack on the Columbia, a hatred of education,
will force Columbia to cut its services back, which then spreads
other spending cuts on those who depends on the Columbia
spending…it has a multiplier effect on not just Columbia university
but on all those who depend on that spending…
but there is another aspect, the government workers who have been
fired, they no longer are spending money, if you lose your job,
you must cut back your spending… the economy loses
that spending, which further damages the economy… and that
has a multiplier effect on the economy…
and the third leg of our stool is business… and many of them
have government contracts, and the loss of those contracts
force businesses to cut back… also with the slowing down
of personal spending, as is evidence right now, that will also
insure more multiplier effects…
The loss of all this spending will have the following results,
by summer, say, July, we will be in a recession,
and by say, November, we will be in a full scale depression…
and why? simple, if not one of the three legs, government, people,
businesses are spending money, then who is spending the
money? that spending the money is what drives the economy,
and if no one is spending money, the economy falters and then
collapses… we are just at the beginning of the upcoming
depression… and once in a depression, it will take spending
to get out of the depression, the Great Depression of the
1930’s, show us how that works… the idea of the
Keynesian economics, where government itself, by
its spending can stabilize the economy… but if the government
is not spending, then that avenue is gone… so,
when we fall into our first recession, there is no spending
to overcome that recession, and we then fall further into
a depression, and again, where is the spending to overcome
the depression? I would suggest that this upcoming recession/
depression, will last for years due to the lack of any spending
by the ones, the only ones who can bring us out of a recession/
depression, the government, private individuals and corporations,
are not spending… there is an almost mathematical
precision to this formula…and the final ‘‘Coup de grace’’,
will come with the inevitable massive tax breaks to the wealthy
that is coming… money to the wealthy never, NEVER results
in economic growth… tax cuts have never resulted in a growing
economy… every single tax cut over the last 60 years has
resulted in a recession… every single one…
and this one will be no exception… it is a proven fact that
the wealthy don’t put the money into the economy… they
save it or spend it on houses, which doesn’t grow the
economy…
the only question for me is this, just how long will
this depression last? I would guess, 2-4 years…
long enough to bring us into the French revolution territory…
with millions of senior citizens who have nothing, because
the stock market will drop like a rock, thus destroying their
pensions, and the loss of social security, and Medicare,
basically, millions of old people will die…
the fact is that millions of old people being unable to pay for
food, rent, medicine, will be forced to move into their
children’s homes… that alone will cost the economy
billions of dollars…
people not having anything to live for, will fight to the death,
and the coming revolution, in about 3 to 5 years, will not be
pretty…class warfare will become the new normal in America
in a few years…and all because the incredible wealthy
want more and more money… basically, they want all
the wealth in America to be in their hands…
But Kropotkin, you have painted an extremely bleak
picture of the future… yes, yes, I did… but there is no
reason, right now, to hold any other picture…
the question becomes, to avoid the depression, who is
spending the money? with everyone cutting back, who
is spending money? that answer determines the nature
of the coming depression…
Kropotkin