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New World Order
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Title: 5 Reasons Billionaire David Rockefeller Won’t Be Missed
Source: True Activist
URL Source: http://www.trueactivist.com/5-reaso ... id-rockefeller-wont-be-missed/
Published: Mar 21, 2017
Author: Aaron Kesel
Post Date: 2017-03-21 06:31:02 by Deckard
Keywords: None
Views: 11196
Comments: 43

By: Aaron Kesel / We Are Change

 With New World Order kingpin David Rockefeller dead, here’s a look at the top 5 reasons why he was one of the most despised people on Earth and won’t be missed.

1. Founder Of Several Secret Societies

David Rockefeller was a huge part of virtually every secret society of ultra rich on the planet. He was not just a member of the Council Of Foreign Relations, the Trilateral Commission, and the Bilderberg Group – he was reportedly the founder. Through these secret societies and others like the occult Bohemian Grove club, Rockefeller conspired to control the media and governments around the world to establish his goal towards a one world government, even once thanking the media for its complicity.

“We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years.” He went on to explain: “It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries,” David Rockefeller, said speaking at the June 1991 Bilderberger meeting in Baden, Germany.

2. Population Control

Rockefeller is no stranger to the agenda of population control. In a speech on September 14, 1994, during the Annual Ambassadors’ Dinner, he discussed how the U.N. should sustain the world’s population, noting that improved public health has caused global life expectancy to rise from 46 years in the 1960s to 60 years at the time. ‘Stabilizing the population’ – as Rockefeller called it – actually meant sterilization, vaccinations, encouraging abortions, using food as a weapon, and viewing disease and war as a means of “correction” to stop population growth.

3. Rockefeller Foundation was behind unethical experiments on the population

Following up from Rockefeller’s own speech, we have the fact that the Rockefeller Institute was allegedly behind unethical experiments on the population. A few include infecting Guatemalans with STDs, sponsoring a plot by Dr. Cornelius P. Rhoads to infect Puerto Ricans with cancer, an allegation which Rhoads strongly denied and dismissed as a joke.

David Rockefeller joined the Rockefeller Institute board of trustees in 1940, was its chairman from 1950 to 1975, chaired the board’s executive committee from 1975 to 1995, and became honorary chairman and life trustee.

4. Globalist Connections

Through his influence in various secret societies, Rockefeller established himself as one of the globalists’ main front men. Rockefeller and his affiliates had also admittedly been working against USA interests and setting up a one-world political and economic structure (New World Order). In his book “Memoirs,” Rockefeller admitted to being part of a “secret cabal” of people doing just this:

The Rockefeller Foundation and the Bill and Melinda Gates Foundation have specifically been working together in tandem to create means for depopulation through the use of vaccines. Check out the video below of Bill Gates talking about how this could be done. Gates and Rockefeller are both confirmed Bilderberg attendees and could have been collaborating together knowingly.

Additionally, the CIA and Rockefeller family also have a history working together, specifically in regards to the handling of classified information.

The CIA had used the Rockefeller’s barn as a vault to store 327 TOP SECRET and SCI documents covering a variety of topics and even suggested giving Mrs. Rockefeller a top level security clearance. The documents were later moved to the Ford Presidential Library.

5. Worldwide Influence

A major study from the Global Policy Forum linked the Rockefeller Foundation as using their money and power to control health and agricultural policies around the globe. Calling them “driving forces behind global multi-stakeholder partnerships, the Global Policy forum says that the “mushrooming of global partnerships and vertical funds… has led to isolated and often poorly coordinated solutions” which they claim have “contributed to the institutional weakening of the United Nations… [and] undermined the implementation of integrated development strategies at national level.”

In short, we know that Rockefeller’s influence at least in the realms of health and agricultural stretched across the globe. Then there is also the issue of the international banking system whose influence spans throughout the world. The Rockefeller family has been labeled as one of the driving actors in this field as well.

After a 1973 trip to China, David Rockefeller praised communist dictator Mao Tse-tung – who had slaughtered over 40 million people. Who knows how many people died at the hands of people financed by David Rockefeller? (2 images)

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#1. To: Deckard (#0) (Edited)

5 Reasons Billionaire David Rockefeller Won’t Be Missed
Hey, Aaron, David Rockefeller doesn’t really give a damn….anymore.
     … if he ever did.

He is somewhere now, wildly laughing at all you crazy ass CT freaks.

And, as he passed from the face this earth at 101 years of age …
     … he was last heard loudly singing:

Great Heavens, Bubba, let it go …
You can move along now, and find something constructive to do with your life …

Gatlin  posted on  2017-03-21   7:17:22 ET  Reply   Trace   Private Reply  


#2. To: Gatlin (#1) (Edited)

He is somewhere now

He is in Hell...hopefully to be followed by other globalist warmongers like McCain, Soros, Kissinger, GHW Bush and both Clintons.

...CT freaks

Attaboy! I knew you'd eventually resort to that epithet.

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-21   7:20:23 ET  Reply   Trace   Private Reply  


#3. To: Deckard (#2) (Edited)

[David Rockefeller] is in Hell...hopefully to be followed by other globalist warmongers like McCain, Soros, Kissinger, GHW Bush and both Clintons.
Wow! You are condemning people to Hell?

Hmmm …

I remember reading at one time….something like this:

God the Father has appointed His Son to be the eternal Judge who will condemn people to hell.
Is that true?

Assuming that it is….then by what right do you condemn people to Hell?

Furthermore …

Didn’t Jesus teach you, that you should not judge others….when he said:

Judge not lest you be judged.
Just askin’ …

It looks like you skipped a class and missed his lesson….so, maybe this old geezer can help you out a bit.

Let’s start by asking….what is Jesus teaching against? Then, answer that by saying….it is not the mere act of judging others. What Jesus taught was specifically against an unique kind of judging….the kind of judging you continually do.

Someone once said:

The type of judging Jesus spoke out against was the ignorantly blind and stupidly hypocritical self-righteous judging you do that overlooks your own faults and sins….looking ONLY to see the failures, sins and faults of others.
I believe that….and you should learn to believe it too.

I trust it has not been too hard for you to learn your lesson for today, young laddie.

For you desperately need to learn it and, above all….learn to live it!

And stop trying to condemn people to Hell, that job is far “above your pay grade” …

Gatlin  posted on  2017-03-21   8:35:34 ET  Reply   Trace   Private Reply  


#4. To: Deckard (#0) (Edited)

None of these one world government dickheads will be missed, the meglomaniacs just keep getting bigger, but there is a great big pit they will all be buried in

paraclete  posted on  2017-03-21   8:49:20 ET  Reply   Trace   Private Reply  


#5. To: Deckard (#2)

...CT freaks
Attaboy! I knew you'd eventually resort to that epithet.
Your ignorance has once again betrayed you.

For you are correct to say that “CT freaks” is an “epithet.”

You weren’t smart enough to know the definition of epithet is:

Any word or phrase applied to a person or thing to describe an ACTUAL quality.

A good rule for you to remember and learn to follow:

Never make a panic response….clearly think through what you wish to say and the point you desire to make.

Gatlin  posted on  2017-03-21   9:03:34 ET  Reply   Trace   Private Reply  


#6. To: Gatlin (#5)

Thanks for once again displaying your ignorance Gatslime .

Epithet - 3. a word, phrase, or expression used invectively as a term of abuse or contempt, to express hostility, etc.

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-21   9:29:51 ET  Reply   Trace   Private Reply  


#7. To: Gatlin (#3)

maybe this old geezer can help you out a bit.

Maybe the old geezer you refer to could tell us all why globalist scum like those I mentioned deserve any less than eternal damnation.

I find it offensive that you chastise others for speaking the truth and not your "version" of it.

BTW - your megalomania is becoming tiresome.

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-21   9:34:37 ET  Reply   Trace   Private Reply  


#8. To: Deckard (#6)

...fake definition ...

Gatlin  posted on  2017-03-21   10:42:35 ET  Reply   Trace   Private Reply  


#9. To: Deckard (#7)

" your megalomania "

LOL !!!

Si vis pacem, para bellum

Rebellion to tyrants is obedience to God.

There can be no divided allegiance here. Any man who says he is an American, but something else also, isn't an American at all. We have room for but one flag, the American flag... We have room for but one language here, and that is the English language... and we have room for but one sole loyalty and that is a loyalty to the American people."Theodore Roosevelt-1907.

I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within." -- General Douglas MacArthur

Stoner  posted on  2017-03-21   11:03:21 ET  Reply   Trace   Private Reply  


#10. To: Gatlin (#8)

...fake definition ...

Nice try weaseling out of your ignorant post.

So, let me get this straight - the Oxford Dictionary, Mirriam-Webster and others are publishing "fake news"?

Good grief!

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-21   11:20:45 ET  Reply   Trace   Private Reply  


#11. To: Deckard (#7)

I find it offensive that you ...

I regret that I have offended you.

But you must strive to understand that it was not intentional….and also understand that it is common knowledge [judging from the articles you post and the statements you make] that you live in a complex world surrounding yourself constantly with a fear of government actions and the uncertainty of a bright outlook for our nation of tomorrow.

While I don’t share your dismal outlook….I do, however, have a sincere curiosity and desire to understand the core of your beliefs. It is therefore in that interest, and in order to better understand you, that I will ask you a few questions….which of course, you may decline to answer or you may possess insufficient knowledge to answer.

To begin, it has been reported that “globalism” is only a “conspiracy theory” and as such: “Globalism is a principle driver for the fears that animate the radical right in the United States.”
Do you agree or disagree with this statement….and why?
It has also been reported that many of those on the far right conscripting to the “conspiracy theory of globalism” celebrate Donald Trump’s election victory as a momentous blow against the globalist conspiracy.
Have you actively joined in that alleged celebration and if so….where, when and why?

I am intrigued by your great uncontrollable fear and deep condemnation for the “globalist.”

Can you please list 10 things the “globalist” did that has specifically hurt you and directly interfered with your right to life, liberty and your pursuit of happiness?
There is no hurry on this, and since some of it may be too complex for you to answer….you may therefore need to consult with hondope to come up with some halfway intelligent answers. I can surely understand if you do.

Gatlin  posted on  2017-03-21   11:38:24 ET  Reply   Trace   Private Reply  


#12. To: Gatlin (#11)

To begin, it has been reported that “globalism” is only a “conspiracy theory”

Attaboy!

You are one clueless idiot and New World Order apologist.

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-21   11:45:31 ET  Reply   Trace   Private Reply  


#13. To: Deckard (#12)

Attaboy!

That’s all you can say?

Attaboy!

Having difficulty responding to my post, are you….I understand.

Have you tried consulting with hondope….or, are you already in the process of doing that?

Gatlin  posted on  2017-03-21   12:41:26 ET  Reply   Trace   Private Reply  


#14. To: Gatlin, ChiCom McCain of ISIS, Chairman Mao, chairman tater (#13)

After a 1973 trip to China, David Rockefeller praised communist dictator Mao Tse-tung – who had slaughtered over 40 million people

Your chicom ISIS Senator McCain likes Mao too!

You seem to love the enemies of America, why is that?

~mccain, lieberman, rothschild ~
America Last, globalists


The D&R terrorists hate us because we're free, to vote second party

"We (government) need to do a lot less, a lot sooner" ~Ron Paul

Hondo68  posted on  2017-03-21   13:53:02 ET  (2 images) Reply   Trace   Private Reply  


#15. To: Deckard (#12)

Can you please list 10 things the “globalist” did that has specifically hurt you and directly interfered with your right to life, liberty and your pursuit of happiness?

Can you please list 10 9 things the “globalist” did that has specifically hurt you and directly interfered with your right to life, liberty and your pursuit of happiness?

Gatlin  posted on  2017-03-21   19:53:04 ET  Reply   Trace   Private Reply  


#16. To: hondo68 (#14)

You seem to love the enemies of America, why is that?

Just for the record, I have no love of any person, american or otherwise, who seeks to use power and influence to rule over others and manipulate the system to his benefit. I know that puts me on the outer with the neocons and leftists inhabiting this place and with those who think multinational capitalism is a good thing.

paraclete  posted on  2017-03-21   21:33:13 ET  Reply   Trace   Private Reply  


#17. To: Gatlin (#15)

Can you please list 10 9 things the “globalist” did that has specifically hurt you and directly interfered with your right to life, liberty and your pursuit of happiness?

1. They left the borders open. That led to more drugs in the country.

2. They left the border open. That let foreigners come in, which cost us money and culture.

3. They let Mexican trucks come across the border. That hurt our truckers.

4. They let foreign goods come across our border in a manner that undermines our workers and makes them compete with pracical slave labor from countries such as China.

5. They got us involved in the Iraq war which cost us north of a trillion dollars with no real benefit.

6. They subjected us to a jurisdiction not our own with international agreements like the UN.

7. They stole our money and gave it to foreigners and called it foreign aid.

8. They gave rocket technology to China so their rockets wouldn't crash anymore.

9. They gave equipment to North Korea to try and appease them out of developing nuclear weapons. When in fact the money helped the develop nukes because if freed up other resources.

10. Smelly arabs now run convenience stores across the land. That a bonus one for extra credit.

A K A Stone  posted on  2017-03-22   6:55:41 ET  Reply   Trace   Private Reply  


#18. To: A K A Stone (#17)

Great list - think that will get him to stop his whining defense of NWO scum like Rockefeller?

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-22   7:02:04 ET  Reply   Trace   Private Reply  


#19. To: Deckard, A K A Stone (#18) (Edited)

I was just checking, Deckard, to see if you were smart enough to come up with a list….and you proved you are too dumb to do so.

Therefore, Stone showed he had the intelligence to do so and he had to do the work for you …

Thanks, Stone, for helping the stupid libertarian asshole do something he lacked the ability to do.

Which proves, the poor libertarian asshole misfit needs all the help he can get in this world to see him through his troubled times.

I see you carrying water for Deckard a lot lately….keep up the good work in his defense.

Deckard, here is the man that is going to save you from the evils of globalism and you had best get with the program to start backing him instead of running him down all the time and condemning everything he is trying to do to “MAGA” …

You, Deckard, may now post: “Thank you President Trump for all you are doing to Make America Great Again.”

Just do it …

BTW, Deckard….do you think you can answer the other questions in my post without Stone having to baby you and help you?

I’ll answer my own question.

Obviously not, otherwise you would have done so by now.

Gatlin  posted on  2017-03-22   8:05:18 ET  (1 image) Reply   Trace   Private Reply  


#20. To: Gatlin (#19)

...to see if you were smart enough to come up with a list….and you proved you are too dumb to do so.

Listen you obnoxious twat - I will post to you when I decide to, you got that?

I don't have to answer to you or anyone else on this forum.

Stone answered the question before I did and made some good points and I agreed. I don't make posts here based on your timetable you abhorrent little clunge - now shut your gaping maw and stop trying to boss people around.

...here is the man that is going to save you from the evils of globalism

Oh - you just stated earlier that globalism is a "conspiracy theory".

It's funny - you always scoffed at any mention of the NWO before - now that St. Donald is president, you've suddenly become a conspiracy theorist?

Good grief - you really are a confused piece of work, aren't you.

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-22   8:34:24 ET  Reply   Trace   Private Reply  


#21. To: A K A Stone (#17)

Yours is not a bad list that could be refined for more details and clarity….consequently, I find the below list to be a much better explanation of the disadvantages of globalism:

1. Globalization uses up finite resources more quickly. As an example, China joined the world trade organization in December 2001. In 2002, its coal use began rising rapidly (Figure 1, below).

Figure 1. China's energy 
consumption by source, based on BP's Statistical Review of World Energy data.

Figure 1. China’s energy consumption by source, based on BP’s Statistical Review of World Energy data.

In fact, there is also a huge increase in world coal consumption (Figure 2, below). India’s consumption is increasing as well, but from a smaller base.

Figure 2. World coal consumption based on BP's 2012 
Statistical Review of World Energy

Figure 2. World coal consumption based on BP’s 2012 Statistical Review of World Energy

2. Globalization increases world carbon dioxide emissions. If the world burns its coal more quickly, and does not cut back on other fossil fuel use, carbon dioxide emissions increase. Figure 3 shows how carbon dioxide emissions have increased, relative to what might have been expected, based on the trend line for the years prior to when the Kyoto protocol was adopted in 1997.

Figure 3. Actual world carbon dioxide 
emissions from fossil fuels, as shown in BP's 2012 Statistical Review of World 
Energy. Fitted line is expected trend in emissions, based on actual trend in 
emissions from 1987-1997, equal to about 1.0% per year.

Figure 3. Actual world carbon dioxide emissions from fossil fuels, as shown in BP’s 2012 Statistical Review of World Energy. Fitted line is expected trend in emissions, based on actual trend in emissions from 1987-1997, equal to about 1.0% per year.

3. Globalization makes it virtually impossible for regulators in one country to foresee the worldwide implications of their actions. Actions which would seem to reduce emissions for an individual country may indirectly encourage world trade, ramp up manufacturing in coal-producing areas, and increase emissions over all. See my post Climate Change: Why Standard Fixes Don’t Work.

4. Globalization acts to increase world oil prices.

Figure 4. World oil supply and price, both based on BP's 
2012 Statistical Review of World Energy data. Updates to 2012$ added based on EIA 
price and supply data and BLS CPI urban.

Figure 4. World oil supply and price, both based on BP’s 2012 Statistical Review of World Energy data. Updates to 2012$ added based on EIA price and supply data and BLS CPI urban.

The world has undergone two sets of oil price spikes. The first one, in the 1973 to 1983 period, occurred after US oil supply began to decline in 1970 (Figure 4, above and Figure 5 below).

Figure 5. US crude oil production, based on EIA data. 
2012 data estimated based on partial year data. Tight oil split is author's 
estimate based on state distribution of oil supply increases.

Figure 5. US crude oil production, based on EIA data. 2012 data estimated based on partial year data. Tight oil split is author’s estimate based on state distribution of oil supply increases.

After 1983, it was possible to bring oil prices back to the $30 to $40 barrel range (in 2012$), compared to the $20 barrel price (in 2012$) available prior to 1970. This was done partly by ramping up oil production in the North Sea, Alaska and Mexico (sources which were already known), and partly by reducing consumption. The reduction in consumption was accomplished by cutting back oil use for electricity, and by encouraging the use of more fuel-efficient cars.

Now, since 2005, we have high oil prices back, but we have a much worse problem. The reason the problem is worse now is partly because oil supply is not growing very much, due to limits we are reaching, and partly because demand is exploding due to globalization.

If we look at world oil supply, it is virtually flat. The United States and Canada together provide the slight increase in world oil supply that has occurred since 2005. Otherwise, supply has been flat since 2005 (Figure 6, below). What looks like a huge increase in US oil production in 2012 in Figure 5 looks much less impressive, when viewed in the context of world oil production in Figure 6.

Figure 6. World crude oil production based on EIA 
data. *2012 estimated based on data through October.

Figure 6. World crude oil production based on EIA data. *2012 estimated based on data through October.

Part of our problem now is that with globalization, world oil demand is rising very rapidly. Chinese buyers purchased more cars in 2012 than did European buyers. Rapidly rising world demand, together with oil supply which is barely rising, pushes world prices upward. This time, there also is no possibility of a dip in world oil demand of the type that occurred in the early 1980s. Even if the West drops its oil consumption greatly, the East has sufficient pent-up demand that it will make use of any oil that is made available to the market.

Adding to our problem is the fact that we have already extracted most of the inexpensive to extract oil because the “easy” (and cheap) to extract oil was extracted first. Because of this, oil prices cannot decrease very much, without world supply dropping off. Instead, because of diminishing returns, needed price keeps ratcheting upward. The new “tight” oil that is acting to increase US supply is an example of expensive to produce oil–it can’t bring needed price relief.

5. Globalization transfers consumption of limited oil supply from developed countries to developing countries. If world oil supply isn’t growing by very much, and demand is growing rapidly in developing countries, oil to meet this rising demand must come from somewhere. The way this transfer takes place is through the mechanism of high oil prices. High oil prices are particularly a problem for major oil importing countries, such as the United States, many European countries, and Japan. Because oil is used in growing food and for commuting, a rise in oil price tends to lead to a cutback in discretionary spending, recession, and lower oil use in these countries. See my academic article, “Oil Supply Limits and the Continuing Financial Crisis,” available here or here.

Figure 7. World oil consumption in million metric tons, 
divided among three areas of the world.

Figure 7. World oil consumption in million metric tons, divided among three areas of the world. (FSU is Former Soviet Union.)

Developing countries are better able to use higher-priced oil than developed countries. In some cases (particularly in oil-producing countries) subsidies play a role. In addition, the shift of manufacturing to less developed countries increases the number of workers who can afford a motorcycle or car. Job loss plays a role in the loss of oil consumption from developed countries–see my post, Why is US Oil Consumption Lower? Better Gasoline Mileage? The real issue isn’t better mileage; one major issue is loss of jobs.

6. Globalization transfers jobs from developed countries to less developed countries. Globalization levels the playing field, in a way that makes it hard for developed countries to compete. A country with a lower cost structure (lower wages and benefits for workers, more inexpensive coal in its energy mix, and more lenient rules on pollution) is able to out-compete a typical OECD country. In the United States, the percentage of US citizens with jobs started dropping about the time China joined the World Trade Organization in 2001.

Figure 8. US Number Employed / 
Population, where US Number Employed is Total Non_Farm Workers from Current 
Employment Statistics of the Bureau of Labor Statistics and Population is US 
Resident Population from the US Census.  2012 is partial year estimate.

Figure 8. US Number Employed / Population, where US Number Employed is Total Non_Farm Workers from Current Employment Statistics of the Bureau of Labor Statistics and Population is US Resident Population from the US Census. 2012 is partial year estimate.

7. Globalization transfers investment spending from developed countries to less developed countries. If an investor has a chance to choose between a country with a competitive advantage and a country with a competitive disadvantage, which will the investor choose? A shift in investment shouldn’t be too surprising.

In the US, domestic investment was fairly steady as a percentage of National Income until the mid-1980s (Figure 9). In recent years, it has dropped off and is now close to consumption of assets (similar to depreciation, but includes other removals from service, such as removals because manufacturing has moved overseas). The assets in question include all types of capital assets, including government-owned assets (schools, roads), business owned assets (factories, stores), and individual homes. A similar pattern applies to business investment viewed separately.

Figure 9. United 
States domestic investment compared to consumption of assets, as percentage of 
National Income. Based on US Bureau of Economic Analysis data.

Figure 9. United States domestic investment compared to consumption of assets, as percentage of National Income. Based on US Bureau of Economic Analysis data from Table 5.1, Savings and Investment by Sector.

Part of the shift in the balance between investment and consumption of assets is rising consumption of assets. This would include early retirement of factories, among other things.

Even very low interest rates in recent years have not brought US investment back to earlier levels.

8. With the dollar as the world’s reserve currency, globalization leads to huge US balance of trade deficits and other imbalances.

Figure 10. US Balance on Current Account, based 
on data of US Bureau of Economic Analysis. Amounts in 2012$ calculated based on 
US CPI-Urban of the Bureau of Labor Statistics.

Figure 10. US Balance on Current Account, based on data of US Bureau of Economic Analysis. Amounts in 2012$ calculated based on US CPI- Urban of the Bureau of Labor Statistics.

With increased globalization and the rising price of oil since 2002, the US trade deficit has soared (Figure 10). Adding together amounts from Figure 10, the cumulative US deficit for the period 1980 through 2011 is $8.6 trillion. By the end of 2012, the cumulative deficit since 1980 is probably a little over 9 trillion.

A major reason for the large US trade deficit is the fact that the US dollar is the world’s “reserve currency.” While the mechanism is too complicated to explain here, the result is that the US can run deficits year after year, and the rest of the world will take their surpluses, and use it to buy US debt. With this arrangement, the rest of the world funds the United States’ continued overspending. It is fairly clear the system was not put together with the thought that it would work in a fully globalized world–it simply leads to too great an advantage for the United States relative to other countries. Erik Townsend recently wrote an article called Why Peak Oil Threatens the International Monetary System, in which he talks about the possibility of high oil prices bringing an end to the current arrangement.

At this point, high oil prices together with globalization have led to huge US deficit spending since 2008. This has occurred partly because a smaller portion of the population is working (and thus paying taxes), and partly because US spending for unemployment benefits and stimulus has risen. The result is a mismatch between government income and spending (Figure 11, below).

Figure 11. Receipts and Expenditures for all US 
government entities combined (including state and local) based on BEA data. 2012 
estimated based on partial year data.

Figure 11. Receipts and Expenditures for all US government entities combined (including state and local) based on BEA data. 2012 estimated based on partial year data.

Thanks to the mismatch described in the last paragraph, the federal deficit in recent years has been far greater than the balance of payment deficit. As a result, some other source of funding for the additional US debt has been needed, in addition to what is provided by the reserve currency arrangement. The Federal Reserve has been using Quantitative Easing to buy up federal debt since late 2008. This has provided a buyer for additional debt and also keeps US interest rates low (hoping to attract some investment back to the US, and keeping US debt payments affordable). The current situation is unsustainable, however. Continued overspending and printing money to pay debt is not a long-term solution to huge imbalances among countries and lack of cheap oil–situations that do not “go away” by themselves.

9. Globalization tends to move taxation away from corporations, and onto individual citizens. Corporations have the ability to move to locations where the tax rate is lowest. Individual citizens have much less ability to make such a change. Also, with today’s lack of jobs, each community competes with other communities with respect to how many tax breaks it can give to prospective employers. When we look at the breakdown of US tax receipts (federal, state, and local combined) this is what we find:

Figure 12. Source of US Government revenue, by year, 
based on US Bureau of Economic Analysis Data.

Figure 12. Source of US Government revenue, by year, based on US Bureau of Economic Analysis Data.

The only portion that is entirely from corporations is corporate income taxes, shown in red. This has clearly shrunk by more than half. Part of the green layer (excise, sales, and property tax) is also from corporations, since truckers also pay excise tax on fuel they purchase, and businesses usually pay property taxes. It is clear, though, that the portion of revenue coming from personal income taxes and Social Security and Medicare funding (blue) has been rising.

I showed that high oil prices seem to lead to depressed US wages in my post, The Connection of Depressed Wages to High Oil Prices and Limits to Growth. If wages are low at the same time that wage-earners are being asked to shoulder an increasing share of rising government costs, this creates a mismatch that wage-earners are not really able to handle.

10. Globalization sets up a currency “race to the bottom,” with each country trying to get an export advantage by dropping the value of its currency.

Because of the competitive nature of the world economy, each country needs to sell its goods and services at as low a price as possible. This can be done in various ways–pay its workers lower wages; allow more pollution; use cheaper more polluting fuels; or debase the currency by Quantitative Easing (also known as “printing money,”) in the hope that this will produce inflation and lower the value of the currency relative to other currencies.

There is no way this race to the bottom can end well. Prices of imports become very high in a debased currency–this becomes a problem. In addition, the supply of money is increasingly out of balance with real goods and services. This produces asset bubbles, such as artificially high stock market prices, and artificially high bond prices (because the interest rates on bonds are so low). These assets bubbles lead to investment crashes. Also, if the printing ever stops (and perhaps even if it doesn’t), interest rates will rise, greatly raising cost to governments, corporations, and individual citizens.

“Whatta” think?

Gatlin  posted on  2017-03-22   8:35:31 ET  (12 images) Reply   Trace   Private Reply  


#22. To: Gatlin (#21)

“Whatta” think?

I think you have replaced nolu chan as the "King of Spam".

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-22   8:42:39 ET  Reply   Trace   Private Reply  


#23. To: Deckard (#20)

Listen you obnoxious twat - I will post to you when I decide to, you got that?
That is an obvious cope out and defensive mechanism, meaning that you don’t have the intelligence to answer my question and you are hide….like you hide behind your mama’s skirt when you were a spoiled brat.
I don't have to answer to you or anyone else on this forum.
And the reason of course is, that you are not intelligent enough to do so….all you are capable of doing is to copy and paste fake news and yellow journalism articles and link to other sources when you are asked a question or need to make a statement.
Stone answered the question before I did and made some good points and I agreed. I don't make posts here based on your timetable you abhorrent little clunge…
Bullshit….you didn’t have time…that’s a lie. You have massive amounts of time….your continuing stream of posting articles proves that. BTW, you post on the time your TV station employer pays you to be working for him. Does that mean in addition to being a liar….you are a cheater? Many would say so …
...here is the man that is going to save you from the evils of globalism
Oh - you just stated earlier that globalism is a "conspiracy theory".
Okay, here is the man who is going to save you from the evils of “conspiracy theories.” He is going to save you, Deckard, from everything you dislike and get those bad old “boogey men” out from under your bed, the ones you are so eternally afraid of. How’s that….better?
Good grief - you really are a confused piece of work, aren't you.
Only in your mind, you young laddie….ONLY IN YOUR WARPED MIND….where confusion reigns supreme 24/7/365.

Like it does for all fanatical libertarians …

Gatlin  posted on  2017-03-22   9:01:46 ET  Reply   Trace   Private Reply  


#24. To: Deckard (#22)

First Stone had to answer for you….and now you feel that you must reciprocate and answer for Stone.

Good grief, Bubba….Start answering for YOURSELF.

It’s not a hard thing to learn to do …

Although it’s recognized that libertarians do have a problem thinking and answering for themselves …

BTW – look at the time …

Are you are YOU AT WORK NOW and posting on LF while your boss is PAYING YOU to be WORKING FOR HIM?

Appears that way …

Gatlin  posted on  2017-03-22   9:10:39 ET  Reply   Trace   Private Reply  


#25. To: Gatlin (#23)

Listen you obnoxious twat - I will post to you when I decide to, you got that?

That is an obvious cope out and defensive mechanism, meaning that you don’t have the intelligence to answer my question

Oh my - here goes Gatlin again with his deluded sense of superiority. Guess what? As much as the voices in your head keep telling you that you are the expert on everything, guess what? You ain't.

I will post to you WHEN I FEEL LIKE IT!

The only purpose you serve at this forum is that of a whipping boy, someone who deserves scorn and ridicule. There's no point in having an intelligent debate with you - the word "intelligent" is not in your meager lexicon.

BTW, you post on the time your TV station employer pays you to be working for him. Does that mean in addition to being a liar….you are a cheater? Many would say so …

Fist of all - it is none of your fucking business what I do with my free time at work - got that you disgusting example of smegma?

Your seeming ignorance of globalism, aka the NWO is frankly pathetic.

Yeah, just a big joke to you. Just a "conspiracy theory" when the facts are there for anyone to see.

What I find truly laughable about you is your unfettered worship of Trump - just like the ignoramususes who believed that Bush was the "Great White Hope" in 2000.

I admit Trump has done some good things, but at the end of the day, he's just a puppet, like any other president we have had in the past 40 years.

...everything you dislike and get those bad old “boogey men” out from under your bed, the ones you are so eternally afraid of.

Good grief man - are you for real? Being aware of the NWO plans does not make one afraid of them.

"Boogey men"?

Sure, whatever - there is no plan by the elites to institute a global government, religion and economic system.

You really are a simpleton, you know that?

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-22   9:24:23 ET  Reply   Trace   Private Reply  


#26. To: Gatlin (#24)

Are you are YOU AT WORK NOW and posting on LF while your boss is PAYING YOU to be WORKING FOR HIM?

Listen shithead - I don't work for you.

Sod off you repulsive tosser.

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-22   9:25:27 ET  Reply   Trace   Private Reply  


#27. To: Gatlin (#24)

First Stone had to answer for you….and now you feel that you must reciprocate and answer for Stone.

Oh - now you have decided that someone can only comment on posts that were expressly written to them?

Does your arrogance know no bounds? Who the hell do you think you are, the forum nanny?

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-22   9:28:24 ET  Reply   Trace   Private Reply  


#28. To: Deckard (#27)

Oh - now you have decided that someone can only comment on posts that were expressly written to them?

Nope....that's a lie.

I just duly noted who is answering for whom....I never "decided" they could not.

Gatlin  posted on  2017-03-22   9:33:46 ET  Reply   Trace   Private Reply  


#29. To: Deckard (#27)

Does your arrogance know no bounds?

My confidence knows no bounds.

Ignorant libertarians often mistake confidence for arrogance….you just did, AGAIN.

Gatlin  posted on  2017-03-22   9:36:38 ET  Reply   Trace   Private Reply  


#30. To: Gatlin (#28)

Oh - now you have decided that someone can only comment on posts that were expressly written to them?

Nope....that's a lie.

Weasel.

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-22   9:37:20 ET  Reply   Trace   Private Reply  


#31. To: Gatlin (#29)

Just shut up bragging about yourself you self-aggrandizing prick.

Your delusions have become tiresome.

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-22   9:38:29 ET  Reply   Trace   Private Reply  


#32. To: Deckard (#27)

Deckard posted @ 9:28:24 ET

I see you are still posting on your employer’s time, cheating him …

And you are constantly on the rag about government cheats.

Hypocritical much …

Gatlin  posted on  2017-03-22   9:44:43 ET  Reply   Trace   Private Reply  


#33. To: Deckard (#31)

Things always get tiresome to you when you don't have the intelligenc to handle them....you have noticed that of course, it just happened again.

Gatlin  posted on  2017-03-22   9:47:08 ET  Reply   Trace   Private Reply  


#34. To: Deckard (#30)

Weasel.

Is that ALL you have?

Obviously it is ...

That's so WEAK ...

Looks like you need to call on hondope for help....again.

Gatlin  posted on  2017-03-22   9:49:17 ET  Reply   Trace   Private Reply  


#35. To: Deckard (#26)

Listen shithead - I don't work for you.

You have pretty well convinced everyone that you don’t work for anyone….you do not work at all, posting on LF is definitely not work

And you spend far too much time during the day on many various forums while sitting in your chair at the computer in a TV station to be considered working for someone.

If fact, you have definitely shown by your actions that you are a cheat….aren’t you ashamed?

I should have known better that to ask a libertarian if he has any shame….sorry about that, disregard the question.

Gatlin  posted on  2017-03-22   9:56:19 ET  Reply   Trace   Private Reply  


#36. To: Gatlin (#35)

And you spend far too much time during the day on many various forums while sitting in your chair at the computer in a TV station to be considered working for someone.

Various forums? Making shit up again I see.

Listen asshole, I don't work for you - I do my job and I do it well enough to have free time to respond to your idiocy.

Mind your own fucking business....

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-22   10:10:38 ET  Reply   Trace   Private Reply  


#37. To: Gatlin (#35)

you have definitely shown by your actions that you are a cheat

Go fuck yourself.

“Truth is treason in the empire of lies.” - Ron Paul

Those who most loudly denounce Fake News are typically those most aggressively disseminating it.

Deckard  posted on  2017-03-22   10:11:19 ET  Reply   Trace   Private Reply  


#38. To: Deckard (#37)

Go fuck yourself.

Typical libertarian retort….code for him saying” I have made an ass of myself again, and I can find nothing else to say or no other words to use.”

Gatlin  posted on  2017-03-22   10:38:54 ET  Reply   Trace   Private Reply  


#39. To: Deckard (#36)

Various forums? Making shit up again I see.
It was you the other day who reposted here of LF to sneakypete, a phrase someone used to against him on another forum

That is strong evidence that you participate in other forums, it not participate….then you spend time monitoring them, and that is the same difference.

Ya know….you just can’t stop continually stepping in your own shit.

That is an inherent problem with libertarians….is it not?

Of course, it is.

Gatlin  posted on  2017-03-22   10:45:56 ET  Reply   Trace   Private Reply  


#40. To: Deckard (#36)

I do my job and I do it well enough to have free time to respond to your idiocy.

If you have ENOUGH FREE TIME to spend all of the time you are spending posting on LF during your work day on….then there is no question that you are either over paid or under performing.

Wait, forget the “or”….make that both.

Gatlin  posted on  2017-03-22   10:49:48 ET  Reply   Trace   Private Reply  



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