IS IT 1929...OR 1972...0R 1982...OR 1837, 1857 0R EVEN 1720...?
WELL, HOW ABOUT NONE OF THE ABOVE...?
THIS CRASH WILL SET THE WORLD ECONOMY BACK 100 YEARS...AND WILL COMPLETELY CHANGE THE WAY WE VIEW THE "ECONOMY!"
IT IS VERY POSSIBLE THAT THIS IS THE CRASH THAT MARX AND ENGELS WERE PREDICTING IN THEIR ECONOMIC THEORIES...
REMEMBER MARX WAS AND IS A GREAT AND ORIGNIAL ECONOMIST...
I KNOW YOU THOUGHT HE WAS A DEVIL RELEASED FROM HELL TO INFLICT SLAVERY ON THE WORLD... RIGHT?
WELL I'M SORRY THIS IS A BULLSHIT FREE ZONE.
IF YOU CAN'T HANDLE THAT THEN GET THE FUCK OFF THIS PAGE...
MY HUNCH IS THAT THE COLLAPSE OF GLOBAL CAPITALISM THAT MARX PREDICTED WAS MERELY DELAYED BY KEYNESIAN ECONOMICS...BUT NOT STOPPED...
OK...THAT'S A SOMEWHAT RADICAL IDEA...BUT RIGHT NOW WE NEED SOME NOTIONS THAT MAKE SENSE...ANYTHING.
FOR MANY YEARS...THE WORLD HAS BEEN SOLD A BILL OF GOODS BY INTERNATIONAL CAPITAL, THE ULTIMATE ANTI-MARXISTS...AND THOSE GOODS ARE TURNING ROTTEN BEFORE OUR EYES...
(NEVERMIND THAT COMMUNIST CHINA IS THE FASTEST GROWING ECONOMY IN THE WORLD NOW!)
THIS IS NOT YOUR NORMAL "CYCLICAL" DECLINE...
RATHER THIS IS AN "EXISTENTIAL" DECLINE...THAT IS TEARING UP THE VERY ROOTS OF THE CAPITALIST SYSTEM...
THAT'S WHY NOTHING IS WORKING... THE SYSTEM IS SO FLAWED...SO FILL WITH INTERNAL CONTRADICTIONS AND ERRORS ...NOT TO MENTION BULLSHIT ....IN LAYMAN'S TERMS...
THAT IT CAN NOT SURVIVE...
LOOK AT AMERICAN MANUFACTURING... IF YOU CAN FIND ANY...
LOOK AT THE AMERICAN TRADE DEFICIT...NOW STRUCTURAL...WHATEVER THE FUCK EVER THAT MEANS...! A STRUCTURAL TRADE DEFICIT IS LIKE AN ANIMAL LIVING WITHOUT A HEART... IT'S SOME KIND OF ZOMBIE BIG LIE PUSHED BY INTERNATIONAL CAPITAL...
I HAVE BEEN READING SOME HISTORY LATELY...MAINLY OF EUROPE IN THE MODERN ERA...SAY 1720 TO 1920...AND I FIND ALL MANNER OF DISCUSSION ABOUT "BALANCE OF TRADE" ISSUES...
WARS WERE LOST AND KINGS HAVE FALLEN SIMPLY BECAUSE OF "BALANCE OF TRADE" PROBLEMS...
YOU SIMPLY CAN NOT HAVE A "STRUCTURAL TRADE DEFICIT" IT IS ECONOMIC HERESY...
BUT THE US HAS HAD ONE THAT IS PERMANENT AND "STRUCTURAL" FOR DECADES...YET NO ONE EVER TALKS ABOUT IT... AT LEAST NOT FOR LONG...IN THE US MEDIA...!!
HOW CAN SOMETHING THAT IMPORTANT BE IGNORED FOR SO LONG...?
WELL,IT WAS IN THE BEST INTERESTS OF INTERNATIONAL CAPITAL TO BREAK THE BACK OF LABOR...IE UNIONS...AND ALSO BEAT BACK THE SPECTER OF "SOCIALISM" ...AND FOR A WHILE OF SOVIET STYLE INTERNATIONAL COMMUNISM...
THAT IS HOW WE CAME TO ACCEPT THESE BIG LIES OF INTERNATIONAL CAPITAL...
UNFORTUNATELY, AFTER THE FALL OF THE USSR...INTERNATIONAL CAPITAL KEPT ON TELLING THE SAME BIG LIES...
NAMELY THAT AMERICAN TRADE DEFICITS DON'T MATTER ...
AFTER ALL, WAS NOT AMERICAN ECONOMIC EXCEPTIONALISM BLESSED BY SAINT MAYNARD OF OXBRIDGE AT BRETTON WOODS??
SAINT MAYNARD ALSO BLESSED THE DOLLAR AT BRETTON WOODS... THUS THE DOLLAR BECAME AN ICON...SUITABLE FOR FRAMING...LIKE ST GEORGE AND THE DRAGON...OR SAINT CYRIL.
WE HAD TO WORSHIP IT LIKE AN IDOL...!
AND THE PAGAN GOD OF GOLD WAS DRAGGED DOWN THE HILL, AND THROWN INTO THE RIVER!! A RELIC OF OUR FORMER BARBARISM...!!
KEYNESIAN ORTHODOXY AND IT'S ICONS RULED ECONOMIC THINKING FOR A GENERATION...
ALAS NOW, ALL THAT HAS ENDED...
MARX WAS RIGHT...! AND YOU AIN'T GONNA HEAR THAT ON CNBC ANYTIME SOON...
MORE LATER...
