No New Left solution for Plutocracy's sub-prime loan crisis!
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The core value of the plutocratic state is to protect and expand the
asset wealth of the plutocrat by ****fting the tax burden to the middle
and lower cl*****.
Wars for hegemony over resources (Iraq), and wars for ideological
hegemony (Vietnam, Afghanistan, Palestine) are boons for the
plutocrats who own the armaments and weapons system factories, since
they have full funding for their military adventures from the general
tax payer. Only the suckers- lower and middle cl***** die or are
maimed for their benefit.
The plutocrat's own children enjoy the luxury lifestyle, the ivy
league or private school education far from the battleground, and the
unlimited credit card to acquire whatever material luxuries they
please.
Now what happens when these robber barons get control of a democratic
state? Well then they have a fire sale of essential infrastructure in
public owner****p- utilities, telephone companies anything of value
that can be brought into private owner****p and used as a vehicle to
extort more assets from the middle and lower cl*****. Tax cuts make it
more essential that more and more infrastructure be privatized.
Decades ago the assets of the middle and lower cl***** where partially
protected by the residual value of their currency - the silver content
of their coinage. In 1966, an Australian could covert at the rate of
$1.50 = 1 troy oz. of silver.
When the plutocrats get control of a state, what happens to the
residual value of a currency? It disappears into their pockets in tax
cuts, to be replaced by a debased coinage system that uses relatively
worthless nickel or similarly worthless alloy.
If you start paying the sucker middle and lower cl***** in debased
paper money what happens to asset prices? They go through the roof
with dramatic inflationary increases. Only the plutocrats and the
upper middle cl***** have sufficient wealth to afford to own real
assets- real property and wealth producing cor****ations outright.
The middle and lower cl***** trapped on the debt treadmill from which
there is no escape are enslaved for life. What does their meager
earnings now buy after the plutocrats have plundered state assets for
decades, then financed a speculative real asset boom via tax cuts and
debased the currency to boot - not much if anything at all!
Today I need $22.80 AUD to buy 1 troy oz of silver - that's over 15
times more.
However, local real property prices are astronomic - that's over 85
times their 1966 level.
Plutocratic subversion of the state ensures that their wage slaves be
paid a pittance- and all paper or plastic money.
Australian average weekly earnings in late1966 dollars bought you 43
oz of silver.
Australian average weekly earnings in today's dollars buy you 38 oz of
silver.
That's roughly a 12% decline in the real value of average weekly
earnings over the period 1966-to-2008.
But the plutocrats are not happy with fleecing only 12% out of the
pockets of the m*****. Their GST (tax) takes back another 10% of
expenditure on non-food items. Since the m***** now spend virtually
all their income paying the bills, the GST or similar VAT, is a
massive tax ****ft by the plutocrats onto the shoulders of the middle
and lower cl*****.
The sub-prime loans crisis is nothing but a symptom of the plutocratic
revolution of the Right- the progressive subversion of the democratic
state over the decades since their debasement of the currency system
and plundering of state assets whereby they converted the modest real
asset savings of the poor and middle cl***** into unmanageable debt.
The fix of course is to nationalize the assets that the plutocrats
have stolen and restore the residual value of the currency preferably
via international and state protocols that curbs currency speculation
and manipulation.
Curbs via licensing on who can own residential class A housing- the
detached house are essential, if one ever sought, as a matter of
policy, to reverse population implosion in the West via declining
female fertility rates. Western fertility rates plunged in the decade
following currency debasement. In Australia from an above replacement
level of 2.86 to below population replacement level by 1970 and have
remained in a state of chronic decline around 1.7 or about half the
level that existed in the early 1960's. Other countries show similar
trends following currency debasement:
http://www.aihw.gov.au/publications/phe/ihhac/ihhac-c03b.pdf
Individuals without children do not need houses and a better placed
in apartments. House prices would stabilize at an affordable level and
young people could then afford to raise families. The reason one would
do this is that there is a limit to the amount of land available for
class A housing without urban sprawl degrading one's environment.
There is no similar limit to apartment density. If you want to have a
free speculative rental market it should be restricted to apartments
or home units.
You'll need nothing short of a revolution to undo the havoc that the
plutocrats and the Right have perpetrated on the m*****! However, easy
access to abortion on demand has exterminated a generation of young
Australians before birth as the plutocrats would rather poach skilled
labor from foreign countries than pay for the cost of training their
own countrymen - Australian children of the middle and lower cl*****.
The New Left that would have evolved from the seeds of natural
conception was largely exterminated by the axis of feminism and
plutocracy. At an astounding conveyor belt abortion rate of 2000 per
week - a staggering 4,368,000 victims since 1966 in Australia alone!
How can you have a revolution when 300 divisions of young Australian
have been wiped out - exterminated-in-womb as a matter of political
policy favoring abortion-on-demand?
Instead of a modest centrist, secularist political correction that
would have been inevitable given a natural balance between young and
old, we are left with a gerontocracy of privileged plutocrats and
impoverished m***** stuck in their antiquated theist delusions and
without a future due to their own greed, short sightedness and innate
stupidity.
There is no light at the end this tunnel. After plutocracy's handiwork
of recent decades- get set for more chaos similar to that which
followed the Great Depression and its aftermath in fascism and World
War II. The sub-prime crisis is the tip of an iceberg -a harbinger of
inevitable disasters yet to follow for fools who think the universe
belongs to them.
Dev Carter
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