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Forum Post: It's a record!

Posted 2 months ago on Aug. 7, 2017, 2:55 p.m. EST by agkaiser (1821) from Fredericksburg, TX
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The Dow has set records over 20,000 recently. It won't be long now suckers. I hope I won't trip you by switching metaphors. Soon the Wall St. sheep will be sheared again. Those who bought low after 2008, will start the downward spiral by selling high. Then when the followers in the flock catch on the crash will come and the masters can buy low for the next round. Meanwhile most of us will remain in debt to the banksters who will use the opportunity of growing distress to gather more money and property for themselves. If they're also profit takers who sold high and parked their gains in our debts, they'll have doubled down and won again.

At some point, of course, we're in so deep that the debts can't be paid. So see, there is an absolute limit to "growth." I guess we can give the masters our firstborns as outright slaves to satisfy the debts we cannot pay as our mere debt peonage demands. That's consistent with the precedent Joseph set 3800-4000 years ago when acting as Pharaoh's business manager/[debt]tax collector.

Maybe the ruling cons and neoliberal sellouts will hold a constitutional convention to reign in the objecting [objectionable] "liberal" press that offends them but that the first amendment protects. And they can do away with the fourth to deal with the difficulty of prosecuting resistors and the 14th to put uppity coloreds back in their place.

"In this Q1 report, the IIF documented that the total global debt hit a new all-time high of $217 trillion or about 327% of the global economic output, that is, world gross domestic product (GDP). This is an alarming total debt to GDP ratio."

http://www.nakedcapitalism.com/2017/07/debts-cannot-paid-will-not.html

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4 Comments


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[-] 1 points by agkaiser (1821) from Fredericksburg, TX 2 months ago

Let's all live in the streets so our masters can own everything and lease it to Asian or European investors, who will pay us almost enough to eat, as long as we work in their sweatshops. Meanwhile socialists in Scandinavia and Europe will take up the slack by consuming the low priced goods we work to make. This is win-win for investors everywhere. No one of consequence or backbone will lose anything. And Wall St. will thrive setting new records every day. Trump will have made America great again.

[-] 1 points by agkaiser (1821) from Fredericksburg, TX 2 months ago

Maybe if we lower wages the Chinese will send our factories back to us. We will work for food. Right?!

[-] 1 points by grapes (4988) 2 months ago

No need to work for food - apply for SNAP.

[-] 1 points by agkaiser (1821) from Fredericksburg, TX 2 months ago

Food stamps are needed to subsidize Walmart, who the Chinese will no doubt emulate when they start outsourcing here for the chump cheap labor that the cons say will create jobs. but we already know Walmart jobs need a SNAPpy assist to live on what they pay. That's what made the Waltons rich. They show how to get a real gummit hand out.

Has that tangent led you back to the center of this discussion?