thegreatdivide wrote on Oct 22^nd, 2025 at 1:06pm:


America's DL said that. Turns out he was lining his pockets the whole time.

The economy's following suit, as you'd expect. Confucius say fish rots from the head, no?

So, do you think China's DL is succeeding?

aquascoot wrote on Oct 22^nd, 2025 at 8:03am:


That's a tough one, dear. Why did Aquascoot support the Americans backing the "noble Israelis" in their Six Day war, the War of Attrition and the Yom Kippur war?

Those disagreements led to the oil shocks of the 1970s, two recessions and the loss of America's gold standard - all that gold they seized in WWII and used to pay for another war Aquascoot supported, the invasion of Nam and the bombing of Cambodia.

The invasion of Iraq? You supported that one too. Not only did it fail to secure the Middle East as planned, it facilitated the rise of ISIS, raised global terrorism and tanked the US budget. This left nothing in the coffers for when the global financial crisis inevitably hit and America was forced to bail out its banks to stave off total economic collapse.

And why does Aquascoot support the Americans propping up the "noble Bibi" to conduct a genocide in Gaza, drone attacks on civilians in Lebanon and Syria and the bunker-bombing of Iran?

Not only has your DL facilitated Israel's weapons shipments and funding in full, he ordered Congress to increase the military budget. To help make a few savings, he had his team write a big, beautiful bill that cuts Medicaid and food assistance for all those Americans forced to work two jobs to get by.

It's most peculiar. For all your Dorothy Dixers about fat Europeans, you supported every one of those wars and interventions. The Europeans?

Not so much. While they scrambled to vote them down in the UN, the Americans used their veto power on the Security Council, but do you know?

Historically, Americans have done okay out of the deal. Global trade, you see, is paid in US dollars, not Euros. This gives the Americans the ability to sell US bonds to other countries to pay for all of its wars, including Israel's. In return for having to work two jobs, Americans are able to get cheap loans, based on America's high credit rating: the quid pro quo America has with its citizen-consumers.

Having a powerful currency allows the Americans to import cheaper goods. So, in return for playing global cop, Americans get cheaper oil, cheaper loans and cheaper stuff than anybody else in the world, based on the post-war agreement with Europe to trade in US dollars.

If the American economy enters a downturn, its leaders look for endless wars to stimulate the economy. War creates jobs. Representatives from both parties have weapons factories in their districts, and manufacturers are largely secular when it comes to political donations. The 2000 recession led to the 2003 invasion of Iraq, the recession in the 90s to the first Gulf War, and I guarantee you your DL will find his own endless war to start when the economic going gets tough.

Pete refuses to say whether he's got invasion plans for Iran, Venezuela, Panama or Greenland, but who can say? Maybe DL will pick Canada or Mexico, his number one trade enemies. He renegotiated their free trade agreement himself, so who knows?

Back in the good old days, you used to lecture us on worshipping the Fridge, free trade and America Inc. The "Superior Man" bounces out of bed with a five year plan, you said. Fixed, unwavering, steady in his resolve - like an Israeli tank commander slicing through the Sinai Desert, etc, etc, etc.

Then, all of a sudden, you changed you mind. The Superior Man suddenly became unsteady, wavering and all over the shop. No more endless wars, you said - apart from the ones DL starts. No more free trade - apart from the trade DL does in Trumpcoin. No more American-led NATO and USAID, the stick and carrot America has used to stay number one since WWII.

Today, you want the bulk of American revenue put into tax cuts for American billionaires. They can use their savings to buy million dollar dinners with DL, the cost of doing business. If they play nice, DL promises to approve their mergers, sling them a nice government contract or pardon them if they get into any hot water.

Free trade? Bad. Corruption? Good. Endless wars? It depends...

You think it's a smart move. A real "win/win", no?

Just killing it.

Dnarever wrote on Oct 22^nd, 2025 at 8:37pm:


Thats what Pelosi, Clinton, Shumer, Schiff, Biden have delivered over the last couple of decades.

Karnal wrote on Oct 22^nd, 2025 at 2:34pm:


Xi is making headway with fighting the corrosive effects of corruption, but not  saving the Chinese people from the catastrophes caused by mainstream economics.

Re "rotting" economies: China actually benefitted from WTO mainstream Neoclassical free trade rules, but the US didn't, so now Trump has slapped tariffs on the whole world; China hasn't yet worked out how to deal with the new reality as Trump is determined to  maintain US global hegemony - WTO free trade rules be damned.   

I think you need to stop focusing on the faults (whether real or perceived) of both Trump and Xi, and understand the errors in your own beliefs re the current economic orthodoxy. 

To help disabuse you of your erroneous beliefs re money creation - beliefs which are the ultimate cause of the current crises of democracy around the world -
here is an easy to follow summary:   

1. Money is created out of thin air.

2. A currency-issuer doesn't need to earn or borrow money;
you could prove it yourself.....but don't get caught.....

3. Therefore a legal currency-ISSUING government doesn't NEED
to tax or borrow from the private sector, or balance a budget (like you and I
must do - we are USERS of the currency); rather it needs to limit spending to what is available for purchase, to avoid inflation and devaluing the currency. 

4. It's time for currency-issuing governments to assume control of the privilege of money creation from the private banks.

Over to you.... I see you persisting with slugging it out re the economy with the other equally indoctrinated  posters on this board.

thegreatdivide wrote on Oct 23^rd, 2025 at 1:18pm:


You make that sound like a bad thing, dear. In our country, banks create money. They check out your income and savings, create money on their computer and sell you a loan.

You then go and invest in something nice, like a house. You pay the bank back, and in 20 years or so, the money's finally real, with extra cash for interest.

We have an independent Reserve Bank that handles all the money creation. One of its jobs is to create money on their computer to pay all the government's wonderful employees and programs. In turn, they use the cash to pay off their loans to the bank, and there you have it, the economy in action - a vast spiral of activity, promises to pay, and time.

The march of compound interest, as Walt Rostow called it. It's how our economy works, interest adding to economic growth and more money, always on the up and up. Once economies get into the swing of this, there's no going back - until you get a financial crisis, but by then, you should have the savings to weather it out.

To keep the whole thing going, you need an ever-increasing population, so we import people. Those people get in on the loan thing, the banks create more money to buy houses, and Australia stays afloat through the price of real estate.

Now, far be it from I to lecture the Chinese on population, but you need to get the fundamentals right. If you people can't get the same trick happening in your country, don't blame us. You can't trust the government and their friends in big business to plan everything. They're hopeless.

In Australia, you need to convince people first. You do this by creating desire. People have to want to buy in. You create desire by finding sneaky ways to get them to want things.

Back in my day, the real estate part of the newspaper was always the biggest. The old print stalwart, Domain, was once a form of property porn. It's now online, of course, and it's equally pornographic. Nearly every home auction I've been to had a journalist lurking around. When I bought my house, they put the story on Domain, can you believe it? Guy buys house. It was a boring story, so they sugared it up with how it was the best time to buy property.

Real estate ads were the print media's "rivers of gold". They were when the colony was first established, and still are today. The allegory of gold refers to the gold rush days, Australia's first population boom. Back then, anybody who wanted to come to Australia could - until the British racists kicked out the Chinese and established the White Australia Policy, but that's all by the by. Today, racists like that only exist online, so it's all good.

So, banks don't just create money out of thin air, dear, there's a bit of an art to it.

Marla wrote on Oct 22^nd, 2025 at 1:57am:



I recently found out this happened in Denvoid.


I was at Civic Center Park chillin' with some "brown-skinned people" and being baked right out of my god damn mind.



T'was great. 

ProudKangaroo wrote on Oct 24^th, 2025 at 5:40am:




Here we go, Bbwiyawn's ("I'm more educated than most here") little 'intellectual' kid sister is claiming the mantle of the educated!!!