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Title: Paul Joseph Watson: The Truth About 'Sh*thole Countries'
Source:
TruthRevolt
URL Source: https://www.truthrevolt.org/news/pa ... -truth-about-shthole-countries
Published: Jan 13, 2018
Author: PJW
Post Date: 2018-01-13 16:33:42 by Tooconservative
Keywords: None
Views: 6449
Comments: 66
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Begin Trace Mode for Comment # 40.
#1. To: Tooconservative (#0)
Let's be objective about "shit-hole" countries, shall we? No nation on this planet has more phucking debt than the USA; it makes the USA ... the most disgraceful, shit-hole country on the planet throughout mankind's known history.
This merely demonstrates how dumb you are. We have made ourselves the indispensable country that is Too Big To Fail. At least, during the present balance of power within the international community and competing economies. We maintain trade routes and safe sea lanes. We make world commerce possible. We are its biggest markets. We have keystone economic and diplomatic relations with every major country. And we have few rivals of any significance. We are the world's only real military superpower. We are the biggest energy producers in the world. The list is quite long. In short, we are the Indispensable Country on planet Earth. I never like the claims of American exceptionalism as such talk always smacks a bit of the old manifest destiny doctrine. We are pretty determined and pretty well-positioned to maintain our position as the Indispensable Country. And we're better at it than the British Empire ever was. They made a lot of mistakes. We are, as we have always been, eager to diminish debt through inflation, primarily to benefit businesses large and small but also generally to the benefit of homeowners and those with considerable consumer debt. So, don't worry quite so much about American debt. America's run as the dominant world empire will continue for decades, perhaps even a century more. In the end, it is more likely that we will simply tire of empire rather than any other country taking the central role from us. I could imagine America retreating somewhat from the world around 2040-2050 and China becoming a dominant world empire to take up the slack. I don't really see Russia having the capacity to overcome its internal problems, let alone become a true global power again. Anyway, I enjoyed PJW's little rant. He was having some fun dishing it out, especially on the Xlinton's robbery of Haiti. They really do hate the Xlintons down there.
Don't toot your all-mighty dollar to me, that makes America GREAT. It is collapsing world-wide.
In your dreams. Always remember: we don't have to be all that good. We just have to be better than any likely coalition of our rivals. By that measure, America is very strong.
Why the rise of world wide crypto-currencies, then? Even Venezuela has entered the ring.
It's a bubble more ridiculous and irrational than the dot-com bubble of the late Nineties. It cannot end well. Only a few of these cryptocurrencies will be around in a few years. I think it will come down to the two main Bitcoin currencies and Monero. The idea of Venezuela going crypo is just laughable. They're eating animals like storks. Soon they'll be eating each other.
But you have to ask yourself, "why?" Why do otherwise rational people invest thousands upon thousands of dollars in crypto-currencies? I think the answer is staring us in the face: the US dollar is about to tank, particularly because the US federal debt continues to rise unsustainably while China rises with economic wealth already transferred into their coffers. All around the world, there just isn't much faith in the good ol' USA anymore.
China has huge amounts of US treasuries and currency in its coffers. They send us stuff. We send them dollars that we print. If the dollar goes up, we have the stuff, they have worthless paper, and they have nowhere to sell their stuff. We go, they go. The reverse is not true.
China has huge amounts of US treasuries and currency in its coffers. They send us stuff. We send them dollars that we print. If the dollar goes up, we have the stuff, they have worthless paper, ---- ;The question remains, -- how long can the US federal debt continue to rise unsustainably? How long can we continue to print paper money without the rise of hyperinflation?
How long can we continue to print paper money without the rise of hyperinflation? The question that has to be answered to answer those questions is: "What is sustainable?" The current deficit is probably sustainable on a permanent basis. We start to get into dishonest rhetoric when we speak about these things, akin to the liars who claim that "50% of the people pay no taxes", pretending that the only taxes are the federal income tax. That is so far from the truth as to damage the integrity of the person asserting it. There are not all that many people who really want to have an objective conversation about economics. Those who do, recognize that running a deficit, even forever, is not a dire thing if that deficit is within certain parameters.
The question is ---- "What is sustainable?" ---- The current deficit is probably sustainable on a permanent basis. ---- running a deficit, even forever, is not a dire thing if that deficit is within certain parameters. We can control inflation by avoiding a rise in our deficit beyond current averages? Sounds good, but put me down as having little faith.. I'll keep my faith in gold...
Don’t put your faith in gold. When things get too desperate, governments confiscate it. Put your faith in farmland.
Most of the tobacco farmers in Cuba that did that in 1959, are now in Nicaragua or the Dominican Republic.
How many Cubans actually got out with their gold?
How many Cubans actually got out with their gold? NONE got out with their farmland. Some may have gotten out with their gold, at least it's portable. You can't take farmland with you when evil government begins confiscation. That was some dumb financial advise that you gave!
Dumb advice? Do you know what's really dumb? Living your life as though you're going to be a refugee at any moment, investing all of that time, effort and fear into the belief that the American world is on the verge of falling to pieces. It isn't. It isn't, and those people who spend their time worrying over the impending apocalypse would be far better served learning, first, WHY the American world is not really coming unraveled, the self-interest or insanity of those who say that it is, and also what is really likely to happen if it comes unraveled - how it REALLY would (sudden total meltdown and anarchy have never happened anywhere in the world, not anywhere - for civil society to utterly collapse, as in places like Somalia, takes decades of warfare and oppression and real evil, in a place where there is nothing - now name me a place in Europe or anywhere in Latin America - the places where Americans almost all come from - that has degenerated to anything like Somalia or the post holocaust apocalypse that preppers are looking forward to. And now consider: you've survived the holocaust, the Zombie Apocalypse, etc. That just means you've survived the first wave of it. Sure, you might go on for a few years, in misery, at the margins of life, eking out an existence, but soon enough after that you're going to succumb to disease, famine, exposure, random violence or just plain old age. The best prepared preppers and the wealthiest kings all end up in the grave also. So, if you're REALLY going to be prepared to "get out", focusing on the inevitability of death itself, and figuring how you're going to prosper in the "what comes after death" period is a whole lot more beneficial (not to mention uplifting), then figuring out how you're going to manage to cling to a miserable three or four extra years of life in the ruins of a holocaust ravaged world in which everything you had and everybody you loved (if you're capable of loving people at all, that is) has died a grim death and is lost. Ultimately we all lose to death. Preparing for THAT - and what comes next - is more worthwhile, because that WILL come - is more worthwhile, not to mention uplifting, then manically preparing for an "end of America" that is never going to come in your lifetime, and in the process letting real life and what you can do to advance your and your heirs status in the real world that actually is. Gold is a pretty bad investment, all in all. The problem with it in the American world is simple enough: It has no intrinsic value, only the value that a market will give it. You cannot eat it. You cannot fight with it. You cannot live in it. You cannot clothe yourself with it. You cannot use it to generate more wealth other than by spending it. Because it is a physical object, you have to take physical possession of it and actually guard it physically. If you don't, it will be stolen and you will have nothing at all. In a functioning world, the existence of government, police and law and order act as a strong guard against anybody trying to steal your gold. And if they do anyway, you can buy insurance to get some of the value back. Of course, if the law is strong enough to keep your stuff in your house basically safe, it is also strong enough to take your gold itself in times of economic crisis, which is what this American government already did. In 1933, the government confiscated the gold, and didn't let Americans legally own it again until 1972. The government can do it again. Between 1933 and 1972, you could not legally store your wealth as gold bullion. You had to engage in various subterfuges. So, to be very clear, the gold hoarders during that long period - the folks who kept their wealth in illegal gold to preserve themselves from the collapse of America that never came - had to hide their wealth their whole lives, still faced having it stolen (as in all ages), could not readily USE that wealth to buy anything - holding it was illegal so converting it was hard. Earned no rate of return on it, and did not participate with that wealth in the active economy, where they could have earned much greater returns...by buying farmland, or by buying stocks, or bonds, or just about any other active, positive, dynamic, legal, open thing. Essentially, they took their talent of gold and buried it in the ground, and still had a talent when the gold was finally legalized. Did they make some money on the first spike? Sure. But they ended up behind. Had they invested the original amount of money in 1933 in stocks, bonds, land - you name it - they would have had a lot MORE money in 1972 than they had when they no longer had to hide their gold. Today, as long as the American system stays up, that remains true. Stocks, bonds, land, private business - active investments - they all pay better than gold. If you stuck it out in the stock market through the recent crash, or you bought lead - guns and ammo, or stock in the companies that make them - active things with a use - you made a lot more money than you did buying and holding gold. The disadvantages of gold go further than that. The tax on long-term capital gains is 20%. The tax on qualified dividends is 20%. The tax on tax free municipal bonds is 0%. The tax on gains in gold is 25%. So, when you cash out of your gold, or when your heirs liquidate the position, you're going to give a quarter of your profit - or your heirs are going to give up to 40% of their inheritance. Also, you can't spend gold. You have to convert it to dollars. You pay a premium for each conversion. So, with gold, what've you got? An inert physical asset - a shiny rock - that you have to guard - that you pay a premium to buy and a premium to sell, and a tax if it grows in value. It more or less grows in value with inflation, while stocks and bonds and real estate beat inflation over time. It's the ultimate passive activity. It treads water with inflation, nothing more. By buying farmland, you are buying an asset that will produce profits every year, year after year, that can't be destroyed or stolen, that you can use yourself to grow food upon in the event of calamity, and that is taxed at a very low rate. It is easy to rent. It can't be "hacked" or stolen by fraud. And short of a French, Russian, Mexican, or Chinese-style full-on revolution, nobody messes with it. If America falls apart and you're sitting on a piece of land you owned, farming it, you have food, and nobody to contest title other than with guns - and the land itself is not something easy to "steal". But your pot of gold is easy to steal in a lawless society, also by guns, and is much more desirable to the men with guns. My advice was sound for all scenarios other than the very narrow one: you're a Jew, with gold coins, living in organized operating states that want to kill you. You have gold you can use to bribe the border guard. But you could have done the same thing with Reichsmarks or dollars too, and the gold is heavier to carry.
You ignored my comment about the white farmers in Africa. Their land wasn't stolen was it? Land is easier then gold for the government to confiscate. Far easier. That doesn't negate your comments on living your life like the appocalypse is happening soon. Which I find pretty much spot on.
Not really. You're forgetting political ease. The US government DID confiscate gold, in 1933, and kept private ownership illegal until the 1960s. People had jewelry, yes, but they didn't have bullion amounts. The government was largely successful in hoovering up most of the gold, by decree. Let the government try to go out there and mass confiscate land, and see if they can do it without a Bundy-style revolution. Also, just on a basic level, if gold was so much better than dollars, why is it that huge companies like Goldline and Swiss-America exist with multi-million dollar advertising campaigns to get you to trade YOUR supposedly worthless, inflating-away, fiat paper currency dollars for THEIR supposedly precious, stable, eminently worthwhile hunks of shiny rock? Are those guys in those companies just all stupid? Do they not understand their own advertisements? Here they HAVE the gold already - and they're telling you that it's going to be valuable real soon, and that dollars are going to be inflated away to worthlessness - so QUICK! Let them have those useless dollars, and they'll sell you this valuable gold! Seems like strangely obtuse behavior for people who sound like they value the gold a lot more than the inflating, "worthless" fiat currency paper money.
According to him, the sale of cigars in the Vatican will be allowed at least for a while because their smoke is not inhaled. http://www.novinite.com/articles/185077/Pope+Francis+Bans+the+Sale+of+Cigarettes+in+the+Vatican+from+Next+Year You want to conquer the cigar market with your Connecticut Shade Leaf Wrapper tobacco farms? What's Pope Francis' cut?
Tobacco isn't a sin.
#41. To: Vicomte13 (#40)
(Edited)
Thanks for the confirmation on that, as I puff on my cigar along the highway to heaven.
Top • Page Up • Full Thread • Page Down • Bottom/LatestThe Truth About Shithole Countries
#2. To: buckeroo (#1)
(Edited)
Let's be objective about "shit-hole" countries, shall we? No nation on this planet has more phucking debt than the USA; it makes the USA ... the most disgraceful, shit-hole country on the planet throughout mankind's known history.
#3. To: Tooconservative (#2)
#4. To: buckeroo (#3)
Don't toot your all-mighty dollar to me, that makes America GREAT. It is collapsing world-wide.
#5. To: Tooconservative (#4)
#6. To: buckeroo (#5)
(Edited)
#7. To: Tooconservative (#6)
#10. To: buckeroo (#7)
US federal debt continues to rise unsustainably while China rises with economic wealth already transferred into their coffers.
#11. To: Vicomte13, y'all (#10)
US federal debt continues to rise unsustainably -------
#13. To: tpaine (#11)
;The question remains, -- how long can the US federal debt continue to rise unsustainably?
#14. To: Vicomte13 (#13)
The question remains, -- how long can the US federal debt continue to rise unsustainably? ----- How long can we continue to print paper money without the rise of hyperinflation?
#16. To: tpaine (#14)
#17. To: Vicomte13, tpaine, have a cigar (#16)
gold. When things get too desperate, governments confiscate it. Put your faith in farmland.
#22. To: hondo68 (#17)
#26. To: Vicomte13, faith in government, asset forfeiture, thievery (#22)
Put your faith in farmland.
#27. To: hondo68 (#26)
#28. To: Vicomte13 (#27)
By buying farmland, you are buying an asset that will produce profits every year, year after year, that can't be destroyed or stolen,
#36. To: A K A Stone (#28)
Land is easier then gold for the government to confiscate. Far easier.
#39. To: Vicomte13, didnt inhale, A K A Stone, Tooconservative, Connecticut Shade Leaf cigars (#36)
Holy smoke! Pope BANS sale of cigarettes in Vatican – but cigars are ok...
Pope Francis has issued an order to ban the sale of cigarettes on the Vatican's territory in 2018, Curia spokesman Greg Burke said on Thursday.
#40. To: hondo68 (#39)
Replies to Comment # 40. Tobacco isn't a sin.
End Trace Mode for Comment # 40.
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