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Forum Post: Winners and Losers Post Corona Virus

Posted 1 year ago on July 4, 2020, 3:42 p.m. EST by agkaiser (2515) from Fredericksburg, TX
This content is user submitted and not an official statement

The more we borrow to make life better, or merely to get by,the worse it will become for us. Debtors are born to lose. The inexorable domination by the power of compound interest must concentrate wealth with the rentier class as the bonds of debt tighten around we the people who work for the masters ... the Wall St. Oligarchs.

They are the winners and most of us must always be losers. That's a mathematical certainty. To have just 10 times the average wealth for 10% of the population, 90% of us must have zero net worth. Most of us have negative net worth all of our lives. We are lifelong debtors.

Michael Hudson has seen the inevitable and written more and more clearly than I can ever hope. Since the coronavirus shutdown he's said:

"We are in a situation much like a war- There are winners and there are losers in a war. In this case the winner is the aggressor - the financial sector. Its demands for payment have set the stage for today's economic breakdown. This has been the case throughout history - Finance always has been the great destabilizing factor. Right now, you're having businesses - retail stores, restaurants, hotels, airlines and other businesses that are being closed down or operating at only a small capacity far below break-even levels. These businesses are not able to pay their stipulated rents or mortgage debt service. Their landlords are not able to pay their banks."

The worst losses will occur after the foreclosures start.





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[-] 2 points by ImNotMe (1488) 8 months ago

NB: "Sanctions are restrictions on trade, finance and travel, that are technically supposed to be used to punish certain actors — governments, corporations or individuals — only when they are convicted by a body, usually the United Nations, of committing a crime. But over the past few decades ... The USA has increasingly issued its own so-called sanctions outside of any legal process as a tool to either punish or retaliate against almost 40 countries representing a third of the global population." from ...

fiat justitia - ruat caelum!

[-] 2 points by ImNotMe (1488) 9 months ago

"'How Many More Deaths Must It Take?!' Barbados Leader Rips Rich Nations in Fierce UN Speech"! by Jake Johnson:

"How many more variants of COVID-19 must arrive, how many more, before a worldwide plan for vaccinations will be implemented?" Meanwhile,

fiat lux et fiat justitia ...

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

"Nurse: “We Are Screaming at the Top of Our Lungs And So Few Are Listening”! by William Rivers-Pitt:

spero meliora ...

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

Re. COVID19: "Ilhan Omar Says Congress Is - “Not Embarrassed Enough” for Failing on COVID Relief"! by Jake Johnson:

"It's really quite shameful that we find ourselves negotiating a deal with such a small amount of money."

omnia causa fiunt!

[-] 1 points by ImNotMe (1488) 10 months ago

"Trump Politicized Basic COVID Safety Measures. It’s Still Killing Us"! ... by Wm. Rivers Pitt:

respice et adspice!