How is it the American stock market is roaring even as 1/3 of the country is out of work?
It is roaring in China and Venezuela too. The comparison is apt. The Fed is buying treasury bonds directly. The USA completed the transition to a socialist centrally controlled economy under President Trump.
Generally speaking, the reason that we are better dead than red is, no one can be trusted with the power needed to maintain a socialist state. It’s a supreme moral hazard since the ruler of a socialist state has supreme power. They can print money and make all of society jump this way or that depending on which way their government spends it. This is why the illuminati cults always try to set up communist states: they’re the perfect vehicle for a dynastic unified state/religion whose ruler is as close to a god as one can become on earth.
But let us set aside the cold war era knee jerkeries for a moment. Socialism also fairly rapidly transformed lazy agrarian Russia into a mighty industrial powerhouse. It transformed medieval China and Vietnam and others into titans of industry and China is far stronger now than it ever was in history. Properly directed, the powers of socialism permit incredibly rapid development. It’s fault is that it entirely depends on the leader and you’ll never guarantee a successive chain of good leaders.
Now let us consider which American companies’ stock are being buoyed. Apple, for instance. Can we think of anything they are doing to move production from China? Microchips? Can you think of any reason why the US government would want to print money to support the stock price of a company moving microchip production to the USA? No wonder their stock can’t fail!
We are all paying for it. Yes, even our foreign shill friends. Even China. The USA is maybe the only country that could pull this off. China could do it because of the large trade surplus they enjoyed. America has no such surplus, but it does benefit from the fact that all other currencies and assets are objectively valued in US$.
If, say, Canada tried to do this, the Canadian dollar would rapidly tank as Canada printed trillions to defend the stock price of a company doing something so expensive that it would take decades for that company to turn a profit again. Canadians would soon find they are unable to purchase any imports. China avoids this by defending its RMB with foreign currency from its massive trade surpluses. In the present case, the US is doing as Canada did in my hypothetical above, but because it is the world reserve currency, the US$ is dragging all currencies down with it. See how all fiat everywhere is depreciating relative to gold and silver? Goods prices remain unaffected since they are ALL valued in dollars. US buyers can therefore continue to import.
Get it? Trump turned America socialist to bring the jobs and factories back. Presumably he’ll ensure we transition back when he pegs the dollar to gold or silver, ending the Fed’s pig out of treasuries and bankrupting the Fed.
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[–] 24997041? 0 points 1 point 1 point (+1|-0) ago
Why not? It worked extremely well for Mussolini and Hitler. They both also use Organized labor for backroom wheeling and dealing. Benito's Collective Labor is how Labor enforcers made Organized Blackmail so powerful (with the help of Black Marketing). They also made the Brownshirts the best motivators to keep the peasants in line and vote the party line.
Unionist are the backbone of our global Shadow Government.