Recessions come and go. But do we learn

[Blackduck]

@Falstaff

[edit - Riots ? - does it matter much ? - wthether President Trump can hold back the tide for another 4 years - or not ? - Does it matter in the greater scheme of things ? - when the Parasite is bigger than the dog - they Both die ! ]

This is a very valid point.

Cheers

Blackduck

[Johnscott31]

@Blackduck

Like I said in my first post at best we have crony capitalism.

Whether the game is rigged or not those with large asset portfolios can benefit from central bank money printing while the poor cannot.

So I do think the rich get richer and the poor get poorer

I’m not blaming them, to an extent I am one of them too.

I just don’t believe we are in a true capitalist system and will not be until we end fiat currency

[Blackduck]

@Johnscott31

I just don’t believe we are in a true capitalist system and will not be until we end fiat currency

I agree with you on this point as printing money can create hyperinflation that could eventually lead to a total collapse of the economy. The worse cases have been both Zimbabwe back in 2000 and ever more recent Venezuala. Are we there yet?? No I don’t believe so. But we are heading in that direction at a rapid pace. However I still believe that what we have now is still far better than what Black lives matter and antifa are trying to the USA.

Cheers

Blackduck

[Johnscott31]

@Blackduck

I’m really not disagreeing with you at all. But the issue is that the left blames capitalism when in fact we don’t have capitalism.

[Blackduck]

@Johnscott31

I’m really not disagreeing with you at all. But the issue is that the left blames capitalism when in fact we don’t have capitalism.

I know we have discussed capitalism verses socialism in an economic context. However there are also social issues between the two that are vastly different.

If you have the time watch this video of an interview with Jordan Peterson who is possibly one of todays best free thinkers. I think you will enjoy.

Cheers

Blackduck

[Falstaff]

@Johnscott31

As for Rome when they started mixing gold coins with copper there was an increase in decadence, speculation and increased social problem

That’s WAY too simplistic - I recommend you spend the 21/2 hours listening to Molyneux !
That’s seriously iimportant stuff !

[Falstaff]

@Blackduck

If you have the time watch this video of an interview with Jordan Peterson who is possibly one of todays best free thinkers. I think you will enjoy.

He’s good isn’t he ? - That vid is a repost of part of teh full interview he did about a year or so ago - presumaly because it is so relevant today - a lot of Anderson’s Interviews speak sense.

@Johnscott31

I’m really not disagreeing with you at all. But the issue is that the left blames capitalism when in fact we don’t have capitalism.

Ok I’ve taken a brief look at the “Austrian” stuff and I find it sadly disappointing in many ways - It’s based on “Laissez faire” Capitalism seemingy - and if you want an example of how “Real Capitalism” works - read that book I linked to above (People of the Abyss) Jack London’s experiences in London 1902 ! - you simply cannot believe how totally dreadful that was ! AND it was only 100 years ago !

Usually I see “Lefties” arguing “that wasn’t REAL Communism” interesting to hear it from a “Capitalist”

So how then would the “Austrians” prevent “loans” being made (credit) - which started with the original Goldsmiths and caused many Bank crashes (although the Banks" were smaller) - and how would they deal with “the DESERVING Poor” ?

I notice they do not address “Entreprenneurship” at all - so how then would they propose personal advancement and enterprise to thrive ?

The problem is IMO the very nature of “Money” and I think Rowbotham’s “Grip of Death” (Literally “Mortgage” ) captures it very well - his analysis does have quite a lot in common with the “Austrian model” when it comes to the business cycle - but his expalnations do operate in teh “Real World” to an extent.

[ZacKing]

the next will take a lifetime for the economy to recover though, its started already.

[Blackduck]

@Falstaff

He’s good isn’t he ? - That vid is a repost of part of teh full interview he did about a year or so ago - presumaly because it is so relevant today - a lot of Anderson’s Interviews speak sense.

You are right and have seen the full interview. However I chose that small clip as it is short and too the point.

@Falstaff

(People of the Abyss) Jack London’s experiences in London 1902 !

I have not read this book and I intend to get it and read it.

Cheers

Blackduck

[Falstaff]

@Blackduck

I have not read this book and I intend to get it and read it.

Cheers

Blackduck

Do that mate !

It’s not a happy read - but it is accurate ! (AFAIK) - and as we know Jack London was a credible writer.