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Forum Post: Plutocratic Oligarchy

Posted 4 weeks ago on Jan. 30, 2020, 8:58 a.m. EST by agkaiser (2416) from Fredericksburg, TX
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We live in a plutocratic oligarchy. Our puppet governments are operated with strings attached to Wall St. Oligarchs. The wealth of the ruling elite plutocrats grows at the rate of compound interest. As they acquire more and more money and property, our indebtedness grows. They increase profits with overhead transactions that are not connected to real production and interest on the money they loan us from the excess they accumulate by, among other crimes, paying us to little to maintain a decent life. This can't end well!

"So IMF chief Georgieva said this coming decade will be far from one of milk and honey. She warns that there’s great uncertainty building up and the point she was making is that technology change, the rise of the internet and so on, plus mounting debt ,,, corporate debt, these things are fueling inequality which in turn is fueling populism and fueling political extremism. Now in many respects, this situation mirrors the roaring twenties ..." John Christensen of the Tax Justice Network

“too often we overlook the financial system, which can also have a profound and long lasting, positive or negative effect on inequality." IMF chief Kristalina Georgieva

"Now it’s that 'negative' effect which we identify as the finance curse, when too large a finance sector starts to drain wealth away from the real economy, and it’s good to have the head of the IMF drawing attention to this. We’ve been drawing attention to it for many years, but it’s good that this is now reaching the mainstream." John Christensen of the Tax Justice Network

https://www.nakedcapitalism.com/2020/01/another-great-depression-or-tax-justice-and-transparency-the-tax-justice-network-january-2020-podcast.html

12 Comments

12 Comments


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[-] 2 points by gsw (3269) from Woodbridge Township, NJ 1 week ago
[-] 2 points by agkaiser (2416) from Fredericksburg, TX 1 week ago

Capitalism is self destructing hundreds of years ahead of Marx's prediction. The ruling elite class of banksters and billionaires are too stupid to see it. And they're smarter than most of the rest of us.

I've said that before. At least one person has commented that the parasites know they're wrecking the world. They just don't care what happens next as long as they''ve got theirs now! ... That's still stupid.

[-] 0 points by grapes (5232) 1 week ago

It's middle-of-the-road-saviors' "sovereignty". We must all sing with one heart and mind the praise for our glorious Supreme Leader, glans-penile Ninja Turtle, who had struggled through the major storm's spate of pounding rain, to give life with every lurch and every breath. "Serve the people." ¿One treat, one mouth, to emulate our stable genius, the Furor? Jawohl, Herr Reichsschieber, 1+2+3+4+5+...=-1/12. Heil Rechenschieber!

[-] 2 points by agkaiser (2416) from Fredericksburg, TX 1 week ago

The "sovereignty" of capitalism is derived from it's progenitor, feudalism. The peasants and serfs are still the 99%. The lords of Wall St. are still the patrons who abuse the clients and threaten the survival of all with their stupidity and greed.

[-] 1 points by ImNotMe (1488) 1 week ago

''Government Debts as Class Swindles'' by Prof. R.D.Wolff:

''The same politicians who facilitate tax reductions for banks, big corporations, and the wealthiest individuals likewise then facilitate government borrowing money from them.''

radix omnium malorum est?

[-] 1 points by agkaiser (2416) from Fredericksburg, TX 1 week ago

Middle of the road saviors are as self-destructive and stupid as Trump.

"... Which leads me to argue back: Look, even if we elect a better-than-Trump, half-measures candidate, we’re still not better off. Our grandchildren will curse us all the same...."

https://www.nakedcapitalism.com/2020/02/on-february-6-antarctica-was-warmer-than-orlando-but-mainstream-democrats-fiddle-as-the-planet-burns.html

[-] 1 points by gsw (3269) from Woodbridge Township, NJ 2 weeks ago

‘They can’t win unless they cheat’: Internet blasts Republicans for blocking three 2020 election security bills

https://www.rawstory.com/2020/02/they-cant-win-unless-they-cheat-internet-blasts-republicans-for-blocking-three-2020-election-security-bills/

[-] 1 points by ImNotMe (1488) 3 weeks ago

Re. Plutocratic Oligarchy:''Albert Einstein warned in 1949 that the time would come when the very rich so controlled the means of communication that it would be almost impossible for ordinary people to make informed decisions; and so democracy would be broken.''

''We live in the time Einstein warned about.'' - from …

et veritas vos liberabit …

[-] 1 points by ImNotMe (1488) 2 weeks ago

NB: ''Charles Koch’s Political Operation Gears Up to Attack 2020 Democrats!", by Don Wiener:

cave canem!

[-] 1 points by ImNotMe (1488) 2 weeks ago

''America Is An Oligarchy - Trying To Screw You Out Of Every Penny You Have!''

q.e.d.?!

[-] 1 points by beautifulworld (23074) 1 week ago

"Right now we are involved in a fundamental battle for our life."

"Between the national security state who's reason to be is war, war, war and the predatory capitalist state who's reason for existence is to screw you out of every penny you have in your life any way they can do it."

"The real deep state is the oligarchs who are running this country."

Col. Wilkerson says he hesitates to call the USA a democracy anymore. He's says we're a predatory capitalist state owned by oligarchs and we're killing ourselves.

From http://www.informationclearinghouse.info/52971.htm

[-] 1 points by ImNotMe (1488) 1 week ago

"'Contempt' Shown by Bloomberg for Recipients of Social Security - Indicates Billionaire Would Seek to Cut Benefits if Elected President, Say Critics." by Eoin Higgins:

"If he wins the presidency - striking a 'grand bargain' with Mitch McConnell to cut our earned benefits, is likely to be among his top priorities" because Billionaire Bloomfuk has no idea how Americans are living!

Per your reply, Col. Wilkerson was General Colin Powell primary aide & he knows more about "the deep state" than most! Bloomberg, the Oligarch - by dint of his money & power is at the heart of U$A's 0.01%!

ad iudicium ...