One Weird Trick to Rescue Economy, Defeat Oligarchy, and Pre-empt Fascism--Banksters HATE This!

As the classic clickbait-y title implies,what if there was a way to accomplish such a thing at little to no cost, and would also result in lower taxes for the masses as well? What if that option has always existed, but knowledge of it has been suppressed by the elites for decades out of fear of losing their power?

Well, it's actually true, believe it or not.  It's so simple that people tend to overlook it, and it's called public banking.  To wit, the government would print/create its own money interest-free, independently of the banks.  And thus the FERAL Reserve (which is about as "federal" as Federal Express, given how it is privately owned by the big banks) would become truly federal for once, with banks serving We the People, not the other way around.  National debt would become a non-problem overnight.  (This idea can also be implemented at the state and local levels as well.)  Of course, the banksters would absolutely HATE that.  For example, both JFK and Lincoln tried to do such a thing in fact, and we all know what eventually happened to them.  But the fact remains that We the People, through our elected representatives in Congress, nonetheless have to power to do exactly that.  We essentially gave the banksters their power, and we can also take it away--were it not for their venal and cowardly puppets in Congress today, that is.

Ellen Brown, author of Web of Debt (2007) and The Public Bank Solution (2013), has a lot to say about such an idea.   She brilliantly illustrates just how important the democratization of money is to a free society, and the history of just how much the bankster oligarchy has been ripping us all off for centuries.  For example, did you know that nearly HALF of the taxes we pay essentially go towards servicing the massive government debt to the banksters?  Did you know that nearly HALF of the price of practically everything we buy is a result of cumulative compound interest and/or hidden taxes embedded within such prices?  Did you know that infrastructure costs can also be cut in HALF simply by financing them with public banking?  And did you know that private banks actually create money out of thin air via a perfectly legal and centuries-old racket known as "fractional reserve banking"?  And that interest charged, not the expansion of the money supply, is the real cause of nearly all of the "inflation" that we see?  And for decades now, wages have not only lagged behind productivity gains, but haven't even kept up with such inflation?  Meanwhile the top 1%, and especially top 0.01%, have made out like bandits at the expense of the bottom 99%, with resulting inequality (which hurts the economy) soaring to levels not seen since the 1920s or even the Gilded Age.  If that doesn't make you feel RIPPED OFF, check your pulse 'cause you might be dead!

So what does all of this have to do with fascism?  Well, it appears that a certain little painter from Austria decided to exploit a rather similar situation in 1930s Germany after taking over.  In fact, rescuing the ailing economy, especially reducing or abolishing unemployment, was one of Hitler's biggest campaign promises.  And he did in fact succeed in doing so, and did so better than FDR despite Germany starting out in much worse shape than the United States was in 1933.  So how did the Nazis manage to pull it off?  By thinking outside the box and having their government essentially create their own money independently of the banks. Their country was literally bankrupt from the aftermath of losing WWI as well as being hit particularly hard by the Great Depression, but by creating their own money and spending it to "prime the pump", they were able to transcend their economic woes, and were thus able to restore full employment within a few short years.  In fact, their unemployment rate dropped by HALF within a year!  Contrast this with Austria, whose unemployment rate remained stubbornly high and barely even budged from 1932-1937, only dropping significantly in 1938 after Hitler annexed their country as part of the Third Reich.  Prior to that, the Austro-fascist regime was essentially following the outdated Austrian School austerity policies that Ludwig von Mises himself would have likely approved of.  The point of this discussion is NOT to praise Hitler or the Nazis in any way, but rather to show what opportunists they were and how to prevent such an evil authoritarian regime from ever rising again--if only the (erstwhile) free world had the foresight to get their economic policies right in the first place.  Because then, there would be essentially no legitimate grievances large enough for such a regime to exploit.

Of course, we would be remiss if we didn't also note that Hitler's "economic miracle" came with a serious dark side as well, even before the Holocaust began in earnest.  At least part of the drop in unemployment was the result of 1) removing Jews from the workforce after revoking their citizenship, replacing them with ethnic Germans, 2) removing women from the workforce (i.e. by firing many of them and also paying mothers to stay home), replacing them with men, and no longer counting women in the statistics, 3) bringing back the draft, and 4) spending ludicrous amounts of money on the military, financed by debt.  But since none of these things occurred until 1935 or even later, one could safely conclude that at least the first two years of the "economic miracle" can be easily traced to the pump-priming that resulted from their independent money creation.  The point is, there is no logical reason why that policy cannot be replicated minus the dark side, as fascism/racism/sexism/militarism is NOT a prerequisite for sound fiscal and monetary policy, any more so than it is for making the trains run on time like Mussolini did.

And just in case you thought that this "one weird trick" was peculiar to fascism, keep in mind that Hitler in fact got the idea from--wait for it--ABRAHAM LINCOLN.  Yes, really. Meanwhile, fascist Austria did the opposite under Dolfuss and Schuschnigg, and they messed the economy up so badly that the Austrian people actually eagerly welcomed the Nazis when they eventually took over in 1938.

Bottom line:  we know now what economic policies really work in practice, as opposed to half-baked voodoo economic theories and crank science.  As the saying goes, "it's the economy, stupid!"  So how long till we finally get it right?

Welcome to Necrotizing Fascism

A recent article confirms what we have already known all long:  too much inequality is bad for the economy, and extreme inequality (like we currently have in the USA as well as globally) can eventually lead to economic collapse.  This occurs because of the "science of flow".  To wit, just like a living organism needs good circulation, so too does an economic system.  And when circulation gets cut off, that results in necrosis--the death of tissue that eventually overwhelms the whole system.  Inequality, and the hoarding at the top that causes it, indeed cuts off the circulation of money, and it is very telling that nearly every major economic crash or depression has been preceded by relatively extreme economic inequality.

We should also note that, as history has shown, such resulting economic crises tend to breed authoritarian political systems, most notably fascism, when such crises are not resolved within short order.  And austerity policies only worsen recessions and depressions, making fascism even more likely.  Look no further than Nazi Germany in the 1930s, the Golden Dawn party in Greece in the 2010s, and of course the Tea Party followed by Trump in the USA as well.  And the resulting fascism only makes inequality even worse in the long run, despite any initial short-term benefits that may occur.  And the vicious cycle continues.
  

Thus, when such necrosis breeds fascism, and that in turn breeds further inequality and necrosis, we have coined a new term for it.  We call it, "Necrotizing Fascism", named after the flesh-eating disease "necrotizing fasciitis".   And that is basically what we have now under the Trump regime.  Believe me.

"President" Trump: More Damage in One Week than Most Presidents Do in Eight Years

Well, it's official.  The Donald has managed to do more damage in his first week in the White House, than most presidents have done in eight years.  And that is truly "unpresidented" indeed!

Let's see.  In his first week on the job, he 1) threw a hissy fit over the size of his innauseation...er...inauguration crowd, 2) implicitly threatened martial law in Chicago, 3) passed a record number of 17 executive orders in one week, 4) put a gag order on EPA and USDA scientists, 5) manufactured chaos in rolling back Obamacare by executive fiat, 6) ordered the commencement of his signature plan to build a border wall on Mexico, 7) angered Mexico by demanding they pay for the wall or else get zinged with a 20% tariff on Mexican imports, 8) angered China (for the gazillionth time), 9) angered North Korea (albeit before the inauguration), 10) cozied up to Putin (yet again), 11) ordered stepped-up deportations and the blocking of federal grants to sanctuary cities, 12) instituted a federal hiring freeze, which also includes a large number of Veterans, 13) re-instituted the "global gag rule" on abortion, 14) froze all new federal regulations, 15) sped up approval of the Keystone XL and Dakota Access pipelines, and 16) arbitrarily blocked all refugees, immigrants, and visitors from seven countries, most notably Iraq and Syria, while curiously leaving out the counties he does business in, such as Turkey and Saudi Arabia.  (This latter executive order as written, is basically a de-facto Muslim ban from the specified countries, though a federal court did put a temporary injunction on this ban for those who were already in transit or detained at the time thanks to massive protests at JFK International Airport and elsewhere).  Note that there were other executive orders, proclamations, and outbursts as well, this is just a list of the most damaging ones thus far.

Also, Trump's relentless verbal attacks on the media and journalists who disagree with him may not be just bluster after all, especially considering how two journalists covering the inauguration protests were arrested and even face felony riot charges, carrying up to 10 years in prison.  Yes, you read that right.  Remember, the very first people that authoritarian and totalitarian regimes always go after is the journalists. And couple that with his recent purge (sorry, "resignation") of the State Department and his blithely ignoring the recent court ruling, we have the makings for exactly that kind of regime right now.

Oh, and he still flat out refuses to divest from his numerous conflicts of interest, including his foreign ones that run afoul of the Emolunents Clause, and now says he won't even release his tax returns as he once promised he would.  This is #NotNormal!

Looks like Der Trumpenfuehrer is really batting 1000 by unhinged fascist standards.  And his approval rating is quickly approaching Nickelback territory at warp speed.  Or should we say, 3 Doors Down territory?  Those who still support him and his agenda, how does it feel to be on the wrong side of history?  Because honestly, we wouldn't know anything about that.