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The debt problem is enormous, and the system for fixing it is broken

nytimes.com

71–80 of 109 posts

Re: The debt problem is enormous, and the system for fixing it is broken

#71
post #6

Seems like an extremely poorly written article with an agenda. Specifically the Roman Republic ~100BC had massive issues which were not necessarily directly related to some "Sovereign Debt Crisis" at the time. Which conveniently the article hasn't described at all jumping to the civil war which it allegedly caused (even though it was the other way around). The Social War was mainly fought over land redistribution, ci…

[wrong thread]

Re: The debt problem is enormous, and the system for fixing it is broken

#72

I've been saying this for 5 years straight. I explained in great detail what was wrong and how to fix it but was suppressed on social media. Now that it has become obvious that I was right all along, I'm still suppressed and those who created the problem and suppressed me have the largest following they've ever had as they lead us all deeper and deeper into the catastrophe.

I kind of agree with your ideas. That being said, and with the best of intentions...

Everyday users (not government or big tech or anything) are down voting you because of your grandiose tone and unoriginal point of view.

It looks like you are having some issues with delusions and maybe even paranoia. Take it easy. Maybe go talk to a professional.

Best of luck.

Re: The debt problem is enormous, and the system for fixing it is broken

#73
post #71
post #6

Seems like an extremely poorly written article with an agenda. Specifically the Roman Republic ~100BC had massive issues which were not necessarily directly related to some "Sovereign Debt Crisis" at the time. Which conveniently the article hasn't described at all jumping to the civil war which it allegedly caused (even though it was the other way around). The Social War was mainly fought over land redistribution, ci…

[wrong thread]

I think I somehow managed to reply to the wrong post/comment..

It was supposed to be a comment on https://www.armstrongeconomics.com/history/ancient-economies...

Re: The debt problem is enormous, and the system for fixing it is broken

#74

Earlier quoted context omitted.

Why would you consider January 6 protests to be the turning point specifically? It was neither particularly violent nor a first regarding violation of norms. There was no attempt at rallying armed forces in a coup d’etat. Could just as well consider something like the Tea Party circa 2010 a turning point in separatism. For the modern era, at least.

It's the closest thing we've seen to the Beer Hall Putsch, an event that was also so ineptly-orchestrated as to appear comical to many, that had no immediate effect on most peoples' daily lives, and that also led to grossly inadequate punishment for the perpetrators.

> we've seen to the Beer Hall Putsch,

Possibly. But the Beer Hall Putsch was a (relatively) highly organized attempt by a militarized organization to a achieve some very specific goals (even though the coup attempt itself was a complete failure since it only took the army a couple of hours to stop it). It wasn't even necessarily such a big deal at the time, the nazis remained an insufficient fringe party for years (until the Great Depression hit).

IMHO Jan 6th was a lot closer to something like the "13 Vendémiaire" just of course with no Napoleon, much lower scale and a lot less violent. In the sense that it was a generic insurrection than an actual coup attempt.

Re: The debt problem is enormous, and the system for fixing it is broken

#75

Earlier quoted context omitted.

How many people were killed or injured?

Six killed. Numerous injured.

Where are you getting "six killed" from? AFAIK there was one death and that was a protestor shot by a cop.

Re: The debt problem is enormous, and the system for fixing it is broken

#77
post #11

It's easy to solve the debt crisis. Just cancel the debts. The issue these countries have is they lost their sovereignty by getting into debt in a currency they don't control. Going into debt in a foreign currency means you lose sovereignty. Better issue more money in your own currency and risk inflation instead of lose sovereignty. Because the most important thing for a state is to make sure it does what it promises…

You understand that's not a magic fix right?

If I loan you $20 and a day later you let me know it won't be paid back what will I do?

Retrospectively nothing. The money's gone and I'm not getting it back.

Prospectively? I'm either not lending you $20 again or I'm changing the terms of any future loan to better take care of myself.

Read David Graeber’s book - it's a great chance to think through the possibilities and nature of debt. Mind that Graeber himself does none of that so it's a bit on the reader.

Re: The debt problem is enormous, and the system for fixing it is broken

#78

Earlier quoted context omitted.

It's one thing when some local agitators stir up shit and torch a Starbucks or whatever. It's another thing entirely when the President does it. (Which I'm sure you'd be braying from the hilltops, had the President in question been named Clinton or Biden or Obama.)

[flagged]

Yeah, and then there was that time he wore a tan suit after Labor Day and triggered the Fox News people something awful.

But yeah, to your point, stochastic terrorism is indeed a thing. Ask your favorite right-wing politician about that, they're the actual experts.

Re: The debt problem is enormous, and the system for fixing it is broken

#79
post #11

It's easy to solve the debt crisis. Just cancel the debts. The issue these countries have is they lost their sovereignty by getting into debt in a currency they don't control. Going into debt in a foreign currency means you lose sovereignty. Better issue more money in your own currency and risk inflation instead of lose sovereignty. Because the most important thing for a state is to make sure it does what it promises…

Issue with cancelling debt is that after you do that you won't get more debt. And if your system of spending is setup on what is essentially revolving credit it will very quickly mean you have no money to spend on anything.

Re: The debt problem is enormous, and the system for fixing it is broken

#80
post #74

Earlier quoted context omitted.

It's the closest thing we've seen to the Beer Hall Putsch, an event that was also so ineptly-orchestrated as to appear comical to many, that had no immediate effect on most peoples' daily lives, and that also led to grossly inadequate punishment for the perpetrators.

> we've seen to the Beer Hall Putsch, Possibly. But the Beer Hall Putsch was a (relatively) highly organized attempt by a militarized organization to a achieve some very specific goals (even though the coup attempt itself was a complete failure since it only took the army a couple of hours to stop it). It wasn't even necessarily such a big deal at the time, the nazis remained an insufficient fringe party for years (u…

But the Beer Hall Putsch was a (relatively) highly organized attempt by a militarized organization to a achieve some very specific goals (even though the coup attempt itself was a complete failure since it only took the army a couple of hours to stop it). It wasn't even necessarily such a big deal at the time, the nazis remained an insufficient fringe party for years (until the Great Depression hit).

It seems like you meant to start that sentence with "And" rather than "But." January 6 was organized at the highest levels of the executive branch, which is in command of the US military. We can thank our lucky stars that the executive branch was populated by bumbling fools at the time, and that no major economic crisis was in play. But these factors won't always work in our favor as Americans.

It's hard to avoid seeing a disturbing resemblance between the Brown Shirts and groups like the Oath Keepers and Proud Boys. Enrique Tarrio and Ernst Röhm would have a lot to talk about if you locked them in the same cell. They were both betrayed by the personality cults they fought for... which, after all, were chartered to eliminate people like them.

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