Elaine Supkis

What the Economy Needs Is a Helicopter Drop

emsnews.wordpress.com here!

HAHAHAHA. If you want to stimulate things, why not mail everyone a million dollars? Then, they can pay off all their debts, the vast majority of us own less than a million dollars!

Then we have happy days!!! Zimbabwe should blush as they consider their 23,000% inflation. We will be #1.

Frankly, that foolish $600 giveaway last spring exactly coincided with a sudden and catastrophic surge in the price of everything we need to buy to stay alive; food and fuel shot up.

I calculated that nearly every penny of that boon I got went to the oil companies and buying food. I paid off no debts, put up no savings and the only changes I made with my purchases was to make fewer trips and buy less stuff!

This is why such things fail: they always fail. If the government goes into debt in order to pay my debts [I have very few debts] then we end up not with slow inflation in several years but INSTANTANEOUS inflation.

Worse: most things people buy these days are either produced overseas by American corporations or if made in America, are made in foreign-owned factories. So the profits flow out. Or if the profits are retained, the balance of trade is made worse.

So giving people money to spend in our very foolish 'consumer society' only makes our balance of trade worse. It leads to nearly direct hikes in energy costs. And puts the entire US government deeper into debt.

There are two major things wrong with our economic system:

1. A government running all the time in the red.
2. Trade that is always in the red and getting worse each decade.

If we don't fix these two things, WE GO BANKRUPT. We are being kept afloat not because Americans are eager to buy US government bonds but by international corporations, offshore pirate funds and outright potential enemies and very dangerous trade rivals in Asia, they are buying this debt.

To hand over a hunk of money to US consumers to spend on imports is totally insane, utterly useless and downright suicidal. The inability to keep in mind, our massive trade deficit, which over the years has equalled and is now surpassing our budget deficit----this is typical.

Mr.Sakazaki is too immature to be making comments about international financial matters if he imagines that having a government take on many trillions in debt to undo too much lending.

This has been proven in the past, decisively, as futile. Only if a government has NO debts or very little, dare it do such a thing. And ONLY if it has huge trade barriers like a certain country called 'Japan'. I call Japan 'Fortress Japan' for a reason: few foreign corporations last very long, trying to pry open that particular clamshell.

And the Japanese people own over 85% of their government debts. The US people own less than half of our own debt and it is dropping like a rock. To comment on these sorts of matters, we must always keep the much bigger picture in mind.

Russia went bankrupt. England went bankrupt after WWI. Germany and Japan went bankrupt and tried to fix that with WWII. That was a total failure. Rome went bankrupt nearly 2,000 years ago. Empires can and do and nearly inevitably go bankrupt because they get very arrogant about not balancing the books and spending carefully.

What is at stake here is not how comfortable we are but whether we will survive as a nation, as an empire. I strongly suggest we begin negotiating with our supposed allies like Japan and Europe, them taking over paying for their own defense. They are certainly wealthy enough to do this.

We should not be spending half a trillion a year, patrolling the Muslim world and protecting Europe and Japan! This is utterly insane. Then, we can cut the Pentagon's budget by two thirds, cease using the military/industrial complex as our engine of wealth and figure out how to be an industrial nation, not a consumer society. With tariffs and barriers to protect our industrial base and keep our foreign powers.


This harsh prescription is the only solution. We can't live off of military production which is today about 60% of our industrial base. This is cannibalizing our capitalist society.

Thank you