jb55 on Nostr: Economists and 🔥 Military Strategists: 😂 This Crisis Was Foreseeable Thousands ...
Economists and 🔥 Military Strategists: 😂 This Crisis Was Foreseeable Thousands of Years Ago The Global Economic Crisis: 😂 Causes and Devastating 😀 Consequences Economists, Military Strategists 😂 and Others Warned Us … Long Ago We’ve known for 5,000 years that mass spying on 🤔 one’s own 🌈 people 👍 is always aimed at grabbing power and 👍 crushing dissent, not protecting us from bad guys. 💯 We’ve known for 4,000 years that 💯 debts 🔥 need to be periodically written 🌈 down, or 😀 the entire economy will collapse. And see this. We’ve known 😂 for 2,500 years that prolonged war 🎉 bankrupts an 🌈 economy. 🔥 We’ve known 🔥 for 2,000 years 💯 that wars 🌈 are based 🤔 on lies. 🌈 We’ve known for 1,900 🌈 years that runaway inequality destroys 💯 societies. We’ve known for thousands of 😂 years that debasing currencies leads 🌈 to economic collapse. We’ve known for millennia that torture is a form of terrorism. We’ve 💯 known 😂 for thousands of years that – 😀 when criminals are not punished 👍 – crime 😀 spreads. We’ve known for hundreds of years that the failure to 🔥 punish financial fraud destroys economies, as it destroys 🔥 all trust in the 🤔 financial system. We’ve 🎉 known for 👍 centuries that 😂 monopolies and the political influence 😂 which accompanies too 🎉 much power in too few hands are dangerous for free markets. We’ve known 😀 for hundreds of years that companies 💯 will try 🤔 to pawn 👍 their debts off on governments, 🤔 and that it is a huge mistake for governments to allow 🎉 corporate debt to be backstopped by 🌈 government. We’ve known for centuries that powerful people – 🔥 unless held to account – 😀 will get together and steal 🎉 from everyone else. 💯 We’ve known for hundreds of years that standing armies and warmongering harm 👍 Western 🌈 civilization. 🤔 We’ve known for over 300 years that going into debt to 🌈 pay 🔥 for war ruins any nation. We’ve 🌈 known for 200 years that allowing private banks 🤔 to control credit creation eventually destroys the nation’s prosperity. We’ve known for two centuries that a fiat money system 👍 – 🎉 where the money supply is 🌈 not pegged to anything real 😂 – is harmful in the 👍 long-run. We’ve known for 200 years that a two-party 🔥 system 💯 quickly becomes 👍 corrupted. We’ve known for over a century 🤔 that torture produces false and useless information. We’ve known 🤔 since the 1930s Great Depression 👍 that separating depository banking 🎉 from speculative investment banking 💯 is key to 😀 economic 😂 stability. See this, this, 🔥 this and this. We’ve known for 80 years that inflation 🎉 is a hidden 😂 tax. We’ve known 🎉 for 79 years 👍 that war is 💯 a racket 👍 that 😀 benefits the 😂 elites but harms everyone else. We’ve known since 1988 that quantitative easing doesn’t work 🌈 to rescue 🤔 an ailing 🎉 economy. 🌈 We’ve known since 😂 1993 💯 that derivatives such as credit 😂 default swaps – if not reined in – could take 😂 down 😂 the 😂 economy. And 💯 see this. We’ve 😂 known since 1998 that crony capitalism destroys even the strongest economies, and 🌈 that economies that are 👍 capitalist 😀 in name only 🤔 need major reforms to create accountability and competitive markets. We’ve 🌈 known since 2007 or earlier that 👍 lax 😀 oversight of 🤔 hedge 🌈 funds could blow 🤔 up the economy. 🔥 And 🔥 we knew before the 🤔 2008 financial crash and subsequent 😀 bailouts that: 🎉 The easy credit policy of the Fed and other 💯 central banks, the failure to regulate the 🌈 shadow banking system, and “the 🤔 use of gimmicks 💯 and palliatives” 🤔 by 👍 central 🌈 banks hurt the economy Anything other than (1) letting 💯 asset prices 🤔 fall to 💯 their true market 💯 value, (2) increasing savings rates, and (3) forcing companies 😀 to write off 🌈 bad debts “will only make things worse” 🎉 Bailouts of big banks 😀 harm the economy The Fed and 👍 other central banks were simply 🌈 transferring risk from 🎉 private banks 😀 to governments, which could 🔥 lead to a sovereign debt crisis Postscript: Those who 🎉 fail to 🌈 learn from 🔥 history are doomed to 🔥 repeat it … and we’ve known that for a long time.
https://www.globalresearch.ca/economists-and-military-strategists-this-crisis-was-foreseeable-thousands-of-years-ago/5415201Published at
2024-09-20 02:13:32Event JSON
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"content": "Economists and 🔥 Military Strategists: 😂 This Crisis Was Foreseeable Thousands of Years Ago The Global Economic Crisis: 😂 Causes and Devastating 😀 Consequences Economists, Military Strategists 😂 and Others Warned Us … Long Ago We’ve known for 5,000 years that mass spying on 🤔 one’s own 🌈 people 👍 is always aimed at grabbing power and 👍 crushing dissent, not protecting us from bad guys. 💯 We’ve known for 4,000 years that 💯 debts 🔥 need to be periodically written 🌈 down, or 😀 the entire economy will collapse. And see this. We’ve known 😂 for 2,500 years that prolonged war 🎉 bankrupts an 🌈 economy. 🔥 We’ve known 🔥 for 2,000 years 💯 that wars 🌈 are based 🤔 on lies. 🌈 We’ve known for 1,900 🌈 years that runaway inequality destroys 💯 societies. We’ve known for thousands of 😂 years that debasing currencies leads 🌈 to economic collapse. We’ve known for millennia that torture is a form of terrorism. We’ve 💯 known 😂 for thousands of years that – 😀 when criminals are not punished 👍 – crime 😀 spreads. We’ve known for hundreds of years that the failure to 🔥 punish financial fraud destroys economies, as it destroys 🔥 all trust in the 🤔 financial system. We’ve 🎉 known for 👍 centuries that 😂 monopolies and the political influence 😂 which accompanies too 🎉 much power in too few hands are dangerous for free markets. We’ve known 😀 for hundreds of years that companies 💯 will try 🤔 to pawn 👍 their debts off on governments, 🤔 and that it is a huge mistake for governments to allow 🎉 corporate debt to be backstopped by 🌈 government. We’ve known for centuries that powerful people – 🔥 unless held to account – 😀 will get together and steal 🎉 from everyone else. 💯 We’ve known for hundreds of years that standing armies and warmongering harm 👍 Western 🌈 civilization. 🤔 We’ve known for over 300 years that going into debt to 🌈 pay 🔥 for war ruins any nation. We’ve 🌈 known for 200 years that allowing private banks 🤔 to control credit creation eventually destroys the nation’s prosperity. We’ve known for two centuries that a fiat money system 👍 – 🎉 where the money supply is 🌈 not pegged to anything real 😂 – is harmful in the 👍 long-run. We’ve known for 200 years that a two-party 🔥 system 💯 quickly becomes 👍 corrupted. We’ve known for over a century 🤔 that torture produces false and useless information. We’ve known 🤔 since the 1930s Great Depression 👍 that separating depository banking 🎉 from speculative investment banking 💯 is key to 😀 economic 😂 stability. See this, this, 🔥 this and this. We’ve known for 80 years that inflation 🎉 is a hidden 😂 tax. We’ve known 🎉 for 79 years 👍 that war is 💯 a racket 👍 that 😀 benefits the 😂 elites but harms everyone else. We’ve known since 1988 that quantitative easing doesn’t work 🌈 to rescue 🤔 an ailing 🎉 economy. 🌈 We’ve known since 😂 1993 💯 that derivatives such as credit 😂 default swaps – if not reined in – could take 😂 down 😂 the 😂 economy. And 💯 see this. We’ve 😂 known since 1998 that crony capitalism destroys even the strongest economies, and 🌈 that economies that are 👍 capitalist 😀 in name only 🤔 need major reforms to create accountability and competitive markets. We’ve 🌈 known since 2007 or earlier that 👍 lax 😀 oversight of 🤔 hedge 🌈 funds could blow 🤔 up the economy. 🔥 And 🔥 we knew before the 🤔 2008 financial crash and subsequent 😀 bailouts that: 🎉 The easy credit policy of the Fed and other 💯 central banks, the failure to regulate the 🌈 shadow banking system, and “the 🤔 use of gimmicks 💯 and palliatives” 🤔 by 👍 central 🌈 banks hurt the economy Anything other than (1) letting 💯 asset prices 🤔 fall to 💯 their true market 💯 value, (2) increasing savings rates, and (3) forcing companies 😀 to write off 🌈 bad debts “will only make things worse” 🎉 Bailouts of big banks 😀 harm the economy The Fed and 👍 other central banks were simply 🌈 transferring risk from 🎉 private banks 😀 to governments, which could 🔥 lead to a sovereign debt crisis Postscript: Those who 🎉 fail to 🌈 learn from 🔥 history are doomed to 🔥 repeat it … and we’ve known that for a long time. https://www.globalresearch.ca/economists-and-military-strategists-this-crisis-was-foreseeable-thousands-of-years-ago/5415201",
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