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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 

Condensed Articles

June 18, 2013

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IS AMERICA’S ECONOMY BEING SOVIETIZED?
Brandon Smith

The foundation of the Soviet model of trade and investment was centralization under the guise of “universal public ownership.”  The entire goal of communism in general was not to give more social and political power to the people, but to extinguish alternative options and focus power into the hands of a select few.  The Soviet system was the ultimate in centralization.  Every aspect of financial life was dictated by the Communist government, from industrial input and output to investment to food production and rationing to wages and retail prices.

One of the primary tenets of The Communist Manifesto was the creation of a central bank meant to keep tight controls over currency issuance.  The existence of a central bank immediately disrupts any chance of a true free market.  Central banking without competition allows an oligarchy, to manipulate interest rates as well as adjust prices through inflation.  Arbitrary lending standards built on fractional reserve banking opens the door to murky debt instruments and toxic financial products that are further used to either fabricate a “high” standard of living (as we saw in the U.S. in the 90s and early 2000s) or execute a bubble implosion causing a lower standard of living (as the U.S. is experiencing today).

Federal Reserve fiat is being printed and dumped into every financial mechanism that supposedly maintains our country’s fiscal health, including stocks, Treasuries and municipals, while trade volume remains low and private investment disappears.  The Federal government now owes its very existence to the continued support of central bank dollars, and the Dow Jones does as well.

In the end, the Soviet economy was so utterly fraudulent that the final breakdown of the system came as a complete surprise to many in political and economic fields of the era.  This is what happens when governments control all source data for financial statistics; transparency dies and collapse creeps in.  Such systems require constant theft from the populace in the form of reduced employment, reduced wages, reduced resources, increased taxes, increased price controls and a highly ignorant citizenry in order to function even for a short time.  Sadly, the United States is well on its way in all of these areas, emulating a poisonous fiscal system and lending itself to a global economic tyranny in which all of us work much harder, for much less, and all for a government that seeks to use our very labor against us.