Forum Post: Sutton's Law
Posted 8 years ago on Nov. 26, 2016, 1:13 p.m. EST by agkaiser
(2552)
from Fredericksburg, TX
This content is user submitted and not an official statement
"In a famous apocryphal story, Sutton was asked by reporter Mitch Ohnstad why he robbed banks. According to Ohnstad, he replied, 'Because that's where the money is.' The quote evolved into Sutton's law, which is often invoked to medical students as a metaphor for focusing a workup on the most likely diagnosis, rather than wasting time and money investigating every conceivable possibility.
"In his autobiography, Sutton denied originating the pithy rejoinder: 'If anybody had asked me, I'd have probably said it. That's what almost anybody would say ... it couldn't be more obvious.'" https://en.wikipedia.org/wiki/Willie_Sutton
One percent of the population controls the money, resources and owns the property and mortgages that rule our existence and that we need to live. Our government is also in the power of the ruling elite plutocrats who centrally plan our economy from Wall St. The state is less able to provide the common defense and infrastructure, because our rich masters have decided to disparage it and have programmed us accordingly. Corporate media is an abomination.
So given those self evident truths and knowing what we must have to live, it's not a question of where the money is. The question is how do we get it from them? Do we tax 90 to 99% of it? Or do we just take it all, confiscate all their property and put the banksters and billionaires in prison where they belong? "What crime have they committed?" you ask. Reckless endangerment of the majority of the human race and even the whole of the Planet Earth. That works for me. How about the murders of those who can't afford medicine and health care or have no homes or enough food to eat?
I don't care how it's accomplished or for the happy lives of the parasites. It's time, as the bumper stickers on Texas pickups say, to "Just git'r done!" If you find it immoral to defend our lives from the parasites that afflict us by their existence, neither do I care what you think you think!
Zimbabwe's money-changer's business card has:
These are the words of wisdom (and REAL experience) from the frontline of terrible racial and monetary policies. Heed them for riches.
As Americanized for successful local application in the U.S.:
Borrow nearly-free credit(the more the better leverage in case of going bankrupt), buy to Own REAL income-producing assets(not papers or promises), operate, if things go badly, declare Business bankruptcy or threaten to go bankrupt to get concessions, and if things go well, pay yourself a hefty bonus/compensation package and pay back the borrowed credit with inflation-devalued dollars; sue whenever, whoever, whatever as needed for attack, defense, or distraction. The 3€ Feral [No-]Reserve lifts the skirts and obliges support for these
manly 》tastend 《 endeavors with the turkeys. Behold Drumpf!
》Wir lieben den Knochen dicht. Der Weg zum Himmel windet sich durch die Hölle.《
e pluribus unum
Money represents wealth. It's the concentration of wealth, which can be measured by money, that threatens our existence. The rate of concentration of wealth with the ruling class waxes and wains. From Roosevelt thru Johnson the bleeding slowed as wealth was taken back by the working class, whose unions made the middle class that's disappearing today. The neo acceleration of concentration of wealth started with Nixon and took off with Reagan. Reagan destroyed the economy for most of us and decimated the educated middle class. No one since has slowed the dissipation of the wealth of the majority very much.
We're in the final stages of collapse, as the parasites who own US (or hold the mortgages) suck the life out of producers and consumers alike with compound interest and other economic rental streams. Then there are the perpetual monopolies of "mouse" copyrights and patents, especially the life threatening big pharma.
If you think the bastard children of Ayn Rand and Milton Friedman, Ronald Reagan and Margaret Thatcher, were anything but supporters of the economic cancer that's consuming the human race, your head is so far up your ass ... !
The turning point was the erroneous Vietnam War, courtesy of the Hogwarts intelligentsia learning to swim in the Cesspool while trying to eat slices of Domino's pizza, chomping on Cuban cigars, and nearly smoked the World and drowned the U.S.A. with the effluent of the tidal poop.
U got that right!
U-2 got this left!
Prepare for 》der After!《
"Be prepared, be prepared! It's our endeavor. Trusty and steady is he.
We are always jolly company. A scout should be, you will agree."
Jolly, be!
Just git'r done!
The question is NOT about money but the answer IS about money.
There's a huge difference between real money and fiat currency. They're made equivalent by our monetary system through credit creation and yet fiat currency can be created nearly without limit while the resources that the "created-out-of-thin-air" credit can be exchanged for are finite. Cramming the infinite "money" into finite resources means the equilibrium prices of these resources go towards infinity. In our rigged economy, goods are available but people cannot afford them due to so much pseudo-money created to float the economy and is still floating around, outbidding the working stiffs. Think about the stock market crashing nearly one quarter in 1987 in a day, did nearly one quarter of the economy become worthless in a day? No, the stock market is a rigged game where pseudo-money can be minted from hot fart alone.
Paul Volcker struck sanity into our monetary system by nearly strangulating inflation expectations and the Reagan years got income taxes inflation-indexed. Then the U.S. got the longest peacetime post-WWII economic expansion in the '80s. When the profits are real, the investors WILL invest, creating jobs and prosperity for nearly everyone. Instabilities breed hesitancy of investors and encourage hoarding to satisfy safety needs.
My Mom complained of how grocery prices were taking off during the Carter years. I tell you that Carter lost the election of 1980 for a reason that most people can understand well. The U.S. rescue of embassy hostages held by Iran also ended up with U.S. aircraft crashing into each other killing some would-be-rescuers. There was utter incompetence in multiple areas.
Communism or state-mandated-wealth-redistributive socialism are bankrupt ideologies that had long-lingering damaging effects on their states' economies. Just because one cannot measure what's inside an investor's mind doesn't mean that what's there is unimportant to the functioning of the economy. Take the example of Rhodesia. It was a white-dominated society and a very productive (near the top in Africa) economy. Now it is Zimbabwe, a black-dominated society, and a very unproductive economy. What happened?
In spite of the damned racist policies of Rhodesia(pre-Zimbabwe), there was the respect for property rights enforced. Then Zimbabwe government turned a blind eye towards the squatting of white-owned farms by blacks so white flight ensued. The blacks who then controlled the farms didn't know how to operate them productively. With little food production, everybody who eats suffers from high food prices.
The case of Venezuela offers another example. Venezuela nationalized (i.e., really confiscated) foreign oil companies' operations. With the foreigners gone and world crude prices low, Venezuela couldn't fund its socialist largesse anymore. It used to be a socialist welfare paradise with oil revenues paying the bills but due to the one-trick-pony of oil dying, it has become inflationary hell. Even China, Venezuela's big socialist brother, which had been forthcoming with aids, abandoned its little brother.
We in the U.S. suffer the instabilities from persistent inflation for decades since the 1980s when Volcker had whipped inflation. Things have been pretty good but the Cumulative effect of inflation is like a vice that tightens a little bit more each year on our people. I guarantee you our people would live very well indeed if they can choose to pay 1984 prices for their goods.
Heavy-handed government policies usually create bad side effects and are justifiable only if facing a dire situation. 少为宜治, 动前思考。
Don't ever let the incompetent ones take control regardless of what skin color(s) they have. A racist who feeds me is still better than a politically correct incompetent one who starves me. I'm a guttist(my invention, enabled by the courtesy of bw, the intellectually gifted one, who pointed me to A. Maslow's works on happiness), not a racist.