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Forum Post: Dark Ages 2.0

Posted 1 month ago on Sept. 4, 2021, 1:39 p.m. EST by agkaiser (2514) from Fredericksburg, TX
This content is user submitted and not an official statement

Each generation buys into the same real estate ponzi. Buy bigger and bigger houses and when they appreciate sufficiently, sell out and retire on your profits. Where does that money you gain come from? Why it's the savings of your children when they buy into the market at a much higher price than you did. The secret is, of course, that very few actually have any savings and the money really comes from the increase in debt ... the loans created on the ledgers of banks. And overall debt grows. So does the interest: the profits of the banks.

Don't forget: All that interest, profit and indebtedness of most of the population are growing at an exponential rate. So is wealth inequality/concentration. Also remember that it's not just real estate and finance. Most business is to big for our own good and will only continue to grow their wealth and our debt. When they tell us to think of mom and pop's store... well that's just a little part of our disinformative education... a diversion... our conditioning and socialization. It's all aimed at the same target. What do we need to see there? A civilization in which almost all of the wealth and power are in the hands of an elite class.

In the end only billionaire investors and private equity hedge funds like Blackstone will be able to borrow enough to buy housing and become landlords. Our burden of debt, largely bequeathed to us by our parents, will make us the peasant tenants of financial feudalism as the overall unpaid debt obligations will bring on Dark Ages 2.0. That's how too big to pay back debt brought down the Roman Empire. Debt jubilee was the solution the Roman elite could not bring themselves to embrace. No doubt in their greedy delirium of parasitism they were concerned for our moral hazard. They fear that we will hate to see our neighbors [or children] be freed of debts that we felt obliged to pay. Michael Hudson of the University of Missouri is a great source. Here's one example:

https://www.nakedcapitalism.com/2020/12/a-hard-look-at-rent-and-rent-seeking-with-michael-hudson-pepe-escobar.html

Here's another look at predatory private equity. https://actionnetwork.org/forms/joint-action-demand-congress-stop-wall-street-predatory-capitalism

I can tell you over and over that the Wall St. Oligarch-Billionaire parasite class is a threat to the survival of the human race, as have been all such classes since the beginning of civilization. Debt is tyranny. Creditors and investors are traitors to the human race. They have abdicated their humanity and must be handled like the vicious predatory animals that they have chosen to become. But what's the point?

Such rants are a waste of my energy. You need to take a hard look at your state of mind. Only after a thorough examination of your beliefs, their sources and a reality check, will you really know the truth that can set us free of the parasite classes that have dominated the human race since the beginnings of civilization.

Do it. Maybe we can forestall Dark Ages 2.0???

Video link https://youtu.be/6IZlCuXxgUI

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

Re. "Wall St. Oligarch-Billionaire Parasite Class .. is a threat to the survival of the human race, as have been all such classes since the beginning of civilization. Debt is tyranny." ... Yep agk and U sum up the essence of OWS' raison d'etre in that line and in your excellent forum-post - further to which - I append:

radix omnium malorum - est cupiditas!

[-] 2 points by agkaiser (2514) from Fredericksburg, TX 1 month ago

thanks for the link. not enough of us are yet willing to see, much less act on, the greatest threat the human race has ever faced. The parasite class of banksters and billionaires is responsible for all the wars, famine, lack of health care for the masses, death, destruction and global climate change that combined, threaten our existence.

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

"The Landlord’s Game: Eula Biss on the Anticapitalist Origins of Monopoly", by Eula Biss:

"Greatest threat the human race has ever faced (is) a parasite class of banksters & billionaires"!

OWS was/is all about exposing Banksters' Control over democracy! The 1%'s Class War is real!

Only an active & educated 99% can overturn the 0.01% tyranny & it can't happen soon enough!

ad iudicium?

[-] 1 points by agkaiser (2514) from Fredericksburg, TX 1 month ago

1rst world corporate rapacity in third world countries: stripping them of assets, resources, taking advantage of near slave labor through corruption of their governments are responsible for terrorism throughout the world.

[-] 0 points by ImNotMe (1488) 4 hours ago

"The Economic Strategy of American Empire"!

"Max Blumenthal and Ben Norton speak with economist Prof. Michael Hudson about his book “Super Imperialism: The Economic Strategy of American Empire.”

fiat lux et fiat justitia ...