Countdown to a Free America

[Classic-Xer]

(04-08-2018, 01:49 PM)pbrower2a Wrote: 6. N0 -- advantage blue. Most of the growth went to America's elites of ownership and management because Republicans had control of Congress. Now the Master Class has complete control of the economy and pliant figures in firm hold of all levels of government. The USA has become about as absolute a plutocracy as a fascist state or one of the kingdoms in which a royal family controls oil resources as the primary source of income.

But it is worth remembering that extreme inequality of income is an unstable condition in a largely-market economy. If the stock market reels, which it already shows signs of doing due top the impending trade war, then this goes from 'slightly blue' to 'deep blue'. Stock markets collapse when there is inadequate money for buying up alleged bargains in a collapsing market. In view of the abysmal savings rate in America, that collapse could happen very soon.

I bought into the market in March 2009 and held onto solid gains until the nursing home made a pauper out of me.

But that's the result of me doing things that were morally right but personally disastrous. What matters is what happens top others:

10. As bad as things have gotten for me, all that keeps me from becoming a Communist is the body count. But that is not the point. The empire containing Russia is untrustworthy in its foreign policy. If Putin could re-attach Alaska to Russia as easily as he took 'back' Crimea and a slice of eastern Ukraine, he would. I can imagine President Putin making President Trump an offer that the latter couldn't refuse... maybe the Ukraine, Belarus, three Baltic Republics and Finland in return for guaranteeing his re-election? Heck, maybe our Great and Infallible Leader might throw Finnmark (the section of Norway north of Finland) in in the deal.

Your inheritance (parents money) was gobbled up by healthcare (nursing home) costs associated with your parents care. Are you basing economic views of America on your own view of the economy and the financial position that you are in now?