Why Nationalism Terrifies Wall Street

Posted on May 4, 2017 by Darin

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4 Responses to Why Nationalism Terrifies Wall Street

  1. Ronbo says:
    May 4, 2017 at 02:43

    “A specter is haunting the world. The specter of nationalism.”

  2. KG says:
    May 5, 2017 at 22:09

    We’re near as dammit all serfs now.

    • Darin says:
      May 6, 2017 at 00:23

      I have noticed a trend however. People have started just saying no,and stopped buying stuff they either don’t need or can no longer afford since it has been priced out of reach.
      Some industries are already in a death spiral as they have simply over stepped their value.First one to go here,contract internet and phone companies,which should be a case study in what happens when an industry cocks over it’s customers for decades and then suddenly gets some free market compitition.

  3. Warren Tooley says:
    May 6, 2017 at 02:00

    Here’s what I figured. Suppose credit didn’t exist. Suppose all money had to be backed by gold and/or silver. You fire me and hire someone willing to work for half. So far you have more money right? And where am I going to get the money to buy your things? If people get fired they will have no money to buy the very things you are selling.

    Now, we have a debt based economy. So I don’t need a job as I can just borrow, or the government will borrow and give to me. Without welfare or a debt based economy it wouldn’t be happening. Who do I blame? John Maynard Keynes, who created this system.

    Who is the revelator, John Stuart Mill. To Mill, if all money were backed by gold or silver you have to produce things to have money. You trade your produce for money and then you buy. He said that if all money is backed by substance this has to work that way. But if we start to use credit instruments-debt based or fiat money, this changes things. This is all explained in my review under 3rd book. My review goes on and on for his 5 books, but is short for just his third book. If only we took heed.

    https://www.amazon.com/Principles-Political-Economy-John-Stuart/dp/147517859X/ref=sr_1_1?ie=UTF8&qid=1493992211&sr=8-1&keywords=%22principles+of+political+economy%22

    Oh guess what Australia, New Zealand, Canada and England all have a bill of exchange act, which says our money is debt based. Promissory note is another word for promise to pay. Even more of a parallel.

    http://www.legislation.govt.nz/act/public/1908/0015/latest/link.aspx?id=DLM138268

    I’ll stop with the New Zealand link.