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What’s Wrong With The Economy: 9 Toxic Dynamics

Consumption

These nine dynamics are mutually reinforcing.

Beneath the surface signals of an eternally rising stock market and expanding GDP, we all sense something is deeply, systemically wrong with the U.S. economy. These nine structural dynamics generate secondary dynamics, all of which are toxic to social mobility, sustainable prosperity, accountability and democracy:

1. The financialization of the economy, which transformed services, credit, risk and labor into commodities that could be traded globally. Financialization generates enormously asymmetric returns: those with access to low-cost credit, global markets and expertise in finance collect the lion’s share of gains in income and wealth.

2. The technological transformation of the economy, which has placed a substantial scarcity premium on specific tech/managerial/communication skills and devalued ordinary labor and capital. As a result, the majority of gains in wealth and income flow to those with the scarce skills and forms of capital, leaving little for ordinary labor and capital.

3. The end of cheap fossil fuels. The fracking boom/bubble has obscured the long-term secular trend: the depletion of cheap-to-access and process oil. As many analysts have observed (Nate Hagens, Gail Tverberg, Richard Heinberg, Chris Martenson et al.), the global economy only grows if energy and credit are both cheap.

4. Globalization, which transformed the developing world into the environmental dumping ground of the wealthy nations and enabled the owners of capital to offshore waste and labor.

5. The destructive consequences of “growth at any cost” are piling up. “Growth” is the one constant of all existing political-economic systems, and none of the current Modes of Production (i.e. the structures that organize production, consumption, the economy and society) recognize that “growth” is not sustainable.

The first two dynamics drive three other dynamics that have hollowed out the productive economy:

6. The dominance of debt-funded speculation as the means of “getting ahead”as opposed to producing products and services of intrinsic value that serve the core needs of communities.

7. The economy’s gains in income and wealth are concentrated in the very top of the wealth-power pyramid: the top 5%–entrepreneurs, professionals and technocrats, etc., and within this class, most of the gains go to the top 1/10th of 1% –the existing owners of wealth, and financiers/speculators with access to cheap credit.

The net result is the bottom 95% have few opportunities to “get ahead” outside of gambling in the asset bubbles du jour: the stock and housing market. While the average middle class household may be able to borrow enough to speculate in the housing bubble, two factors limit the odds of success for ordinary investors/gamblers:

A. The gains in housing are concentrated in specific markets; outside these hot markets, gains are modest.

B. Asset bubbles eventually pop, leaving those still owning the assets with losses. The risks are thus intrinsic and high. The average investor/gambler lacks the experience needed to recognize the bubble has stopped expanding and exit the market before ll the other speculators rush for the narrowing exit.

8. The devaluation of ordinary labor and capital means the bottom 60% of the economy that lacks the requisite skills with a scarcity premium in the Emerging Economy have lost easy access to the ladder of social mobility.

9. The concentration of wealth and power in the hands of the self-serving few corrupts the economy and democracy. The U.S. economy is dominated by insider and elite rackets, skims, scams and cartels/quasi-monopolies, all of which corrupt the economy by creating perverse incentives for exploitation and gaming the system to benefit the few at the expense of the many.

This corruption in service of maximizing private/personal gains at the expense of the system itself also corrupts the mechanisms of governance, which are now little more than cloaking devices that protect insiders and elites from scrutiny and consequences.

The 20% above the bottom 60% may appear to have some access to social/economic mobility, but this is largely an artifact of the bubble economy since 2009. Once the bubble deflates, the illusion of social mobility for the “middle class” between the bottom 60% and the upper 20% vanishes.

The “upper middle class” between the bottom 80% and the top 5% is being squeezed by the over-production of elites, i.e. the over-abundance of those with college degrees and the relative scarcity of secure jobs within the top 5%. As a result, credential inflation is rampant, with Masters Degrees replacing Bachelors Degrees as the default for a white-collar job, and PhDs replacing Masters diplomas as the new default for positions that lack security and upward mobility.

In other words, the number of people who qualify for and desire a slot in the elite class (top 5%) far exceeds the number of slots available. As Peter Turchin has explained, this competition generates social disorder at the top of economic heap as the top 20% fight over the few positions open in the top 5%. The disgruntled, frustrated losers far outnumber the relatively few winners.

These nine dynamics are mutually reinforcing, meaning that each dynamic strengthens one or more of the others, reinforcing each other so the sum of the nine is far more powerful than a mere addition might suggest.

The New Aristocracy (the top 9.9%) (The Atlantic)

*  *  *

Charles Hugh Smith via OfTwoMinds blog



346 Comments on "What’s Wrong With The Economy: 9 Toxic Dynamics"

  1. twocats on Tue, 12th Jun 2018 7:24 pm 

    this was a long time ago, way back in 2011, but Peak Oil should have been obvious and urgency should have been extreme. Just read these nimrods and despair:

    http://energyskeptic.com/2018/challenges-opportunities-for-alternative-transportation-fuels-and-vehicles-u-s-house/

    convenience stores had a chair at the table but not a single geologist or PO expert. I mean – this is Idiocracy level discussion being had this supposedly all-powerful kingdom of global domination.

  2. Go Speed Racer on Tue, 12th Jun 2018 9:21 pm 

    Wow. That author really nailed it,
    didn’t he. That’s a helluva good analysis.
    But on the downside, doesn’t fix anything.
    Leaves everybody screwed except the
    top 10%

    Don’t forget to notice that link to the
    9.9% Aristocracy – That article just came
    out, an it’s dam good.

  3. Davy on Wed, 13th Jun 2018 4:49 am 

    “We Know How This Ends! – China Copies U.S. Housing Bubble Policies”
    https://tinyurl.com/yasq2gkd

    “The government is forcing large banks to lend trillions of yuan for rental housing, at below market rates, to borrowers who can’t afford it, and banks are trying to pass of the risk by bundling these loans into asset-backed securities. Reuters: China pushes state banks into home rental market at their own risk As property prices rocket across China, Beijing has appealed to the country’s banks and insurers to help accelerate the development of rental markets as a way of making homes more affordable – and rein in speculative sale markets. The big state banks have responded by pledging more than 3 trillion yuan ($467 billion) in rental housing financing, including for real estate developers, leasing firms and tenants, according to Reuters calculations. The total value of the rental market was 1.3 trillion yuan last year.”

  4. Makati1 on Wed, 13th Jun 2018 5:59 am 

    “,… in 2016, renters in this country (US) paid $478.5 billion in rent, which represents a $17.7 billion increase from 2015.”

    “The total value of the rental market was 1.3 trillion yuan last year.””

    1,300B yuan = $203B USDs. For a population four times that of the Us why is $1.3T yuan paid in rent, a big number? Or a problem?

    How is that different than Us banks doing the same with low interest, pushing the Us rental market growth?

  5. Davy on Wed, 13th Jun 2018 6:18 am 

    It’s not 3rd world, the point is China and Europe are on the same path as the US to unsustainability despite what you and neder preach.

  6. Davy on Wed, 13th Jun 2018 6:22 am 

    Don’t forget, 3rd world, this is in addition to other debt fueled excesses in China. It shows the Chinese are pushing bubbles and bad debt into new areas with cumulative consequences.

  7. twocats on Wed, 13th Jun 2018 6:34 am 

    You’d have to be delusional to not see that China has pushed a massive bubble. And from my last count the EU has not slowed down their Draghi easing. In fact, some countries have asked for the US to stop strengthening the dollar.

    For all those saying the dollar is going to collapse – it will only collapse if another currency shows more restraint and stability. And right now that just isn’t the case.

  8. JuanP on Wed, 13th Jun 2018 7:31 am 

    Twocats “For all those saying the dollar is going to collapse – it will only collapse if another currency shows more restraint and stability. And right now that just isn’t the case.”
    The US Dollar has lost around 80% of its value against gold in the last two decades. I consider that very significant, but I don’t think it qualifies as collapse because it has been a slow and gradual process. It is also less of a devaluation than most of the other currencies in the world (the Euro has lost value on a par with the dollar since it was created, too). I don’t know if you’ve ever witnessed a currency collapse, but I have (Argentina’s) and it is something that is usually unforeseen by most people.

    I do expect the US Dollar to collapse in the future, but I don’t expect it to be replaced by a single currency. IMO, we will go back to what was before, many currencies. This is happening slowly, but there will be crises along the way which will make the process uneven. The dollar’s collapse is inevitable when you consider how unsustainable the US and global economies are. People with savings should diversify. When I started posting here at PO I had all my savings in US Dollars, but now I buy Silver and Gold. I still have six months of living expenses in dollars, but my life savings are in real property, tools, supplies, and metals. Since I already have all the property, tools, supplies, and materials I will ever need. All my new savings go automatically to metals.

  9. JuanP on Wed, 13th Jun 2018 7:39 am 

    I like the way CHS thinks and I’ve been reading his stuff for about 10 years. I used to visit his blog regularly when I first discovered him, but not anymore because there is only so much you can learn from any one person. After reading what we write for a while most of us sound like a broken record; I know I do. There is nothing wrong with this article, IMO.

  10. eugene on Wed, 13th Jun 2018 9:12 am 

    Personally, I’m thankful for China. Gives people somebody to blame. If you have any interest at all and can read try Nomi Prins “Collusion: How Central Bankers Rigged the World”. If you can’t or won’t read, try her on YouTube. Or simply continue to believe as you do. The latter is want the vast majority do.

  11. Boat on Wed, 13th Jun 2018 9:36 am 

    The US is often criticized for offshoring jobs. Yet when Trump demands an equal trade balance the foreigners squak bully. These same foreigners say the US raped and pillaged their lands while adding pollution. Turns out US imports are much more important. For all that capitalism hate it sure seems like they want more of it.

  12. MASTERMIND on Wed, 13th Jun 2018 9:49 am 

    Boat

    Average tariff rates charged by G-7 nations:

    USA: 1.6%
    EU: 1.6%
    UK: 1.6%
    Italy: 1.6%
    Germany: 1.6%
    France: 1.6%
    Japan: 1.4%
    Canada: 0.8%

    Source: World Bank
    https://data.worldbank.org/indicator/TM.TAX.MRCH.WM.AR.ZS?end=2016&start=2016&view=bar

    We have fair trade balances..The US economy doesn’t produce anything besides military equipment..The US economy hasn’t grown since 2000 (see petroleum consumption)..
    https://imgur.com/a/pYxKa

    Record mass shootings, record school shootings, record drug deaths, record suicides, record major hurricanes, record retail store closures, auto sales declining, restaurant sales declining, movie sales declining, new home sales negative, record young people living at home, homelessness exploding, student debts exploding, government debt exploding,,

    And we have the mother of all energy crisis (oil shortage) coming soon..

  13. GregT on Wed, 13th Jun 2018 10:07 am 

    “The US is often criticized for offshoring jobs.”

    It wasn’t the U.S. that offshored jobs Boat. It was the big corporations, and it isn’t the people who have gained those jobs who are complaining. It would be those who no longer have them.

  14. Davy on Wed, 13th Jun 2018 10:35 am 

    Yea, Eugene, be happy for the US where most of the blame goes, you included.

  15. GregT on Wed, 13th Jun 2018 10:44 am 

    Most of the blame goes to the Empire Davy, which just so happens to be destroying the USA from within.

  16. MASTERMIND on Wed, 13th Jun 2018 11:02 am 

    We live in frightening times. It’s my belief that “you personally” will most likely die of starvation or conflict between 2020 to 2040

    You will experience a collapse of human civilization, a die-off of humans, a destruction of the ecosystem, a loss of access to mined and drilled resources, and a dark age from which your descendent’s will not reemerge.

    Simple really….when the World Economy Collapses everything shuts down…the end… We’re talking about grids down all over the world and 7.5B people dropping like f*** flies in short order. The collapse will be absolutely horrible..There is no collapse or horror movie ever produced that has even come close to imagining what the collapse of BAU might look like. I’m talking about every corporation and every social program going bankrupt at once. I’m talking about people eating people. I’m talking about the Worst Catastrophe to ever happen in the history of mankind. Nothing has ever, or will ever come close…

    Sleepwalking Into The Next Oil Crisis
    https://www.forbes.com/sites/rrapier/2018/03/23/is-the-world-sleepwalking-into-an-oil-crisis/#509edc8b44cf

    According to the German Army leaked study. When the oil shortages hit, Wall street will crash, the public will lose all faith/trust in their institutions, and the global economy and world governments will collapse..
    http://www.energybulletin.net/sites/default/files/Peak%20Oil_Study%20EN.pdf

    Scientific American: Apocalypse Soon: Has Civilization Passed the Environmental Point of No Return?
    https://www.scientificamerican.com/article/apocalypse-soon-has-civilization-passed-the-environmental-point-of-no-return/

    Inside the new economic science of capitalism’s slow-burn energy collapse (Ahmed, 2017)
    https://medium.com/insurge-intelligence/the-new-economic-science-of-capitalisms-slow-burn-energy-collapse-d07344fab6be

    Peer Reviewed Study: Society Could Collapse In A Decade, Predicts Historian (Turchin, 2010)
    https://www.nature.com/articles/463608a

    NASA Peer Reviewed Study: Industrial Civilization is Headed for Irreversible Collapse (Motesharrei, 2014)
    http://www.sciencedirect.com/science/article/pii/S0921800914000615

    The Royal Society: Peer Reviewed Study, Now for the First Time A Global Collapse Appears Likely (Ehrlich, 2013)
    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3574335/

    Peer Reviewed Study: Limits to Growth was Right. Research Shows We’re Nearing Global Collapse (Turner, 2014)
    https://www.scribd.com/document/379418787/Is-Global-Collapse-Imminent-An-Updated-Comparison-of-The-Limits-to-Growth-with-Historical-Data-Turner-2014

    Peer Reviewed Study: Financial System Supply-Chain Cross-Contagion: Global Systemic Collapse (Korowicz, 2012)
    http://www.feasta.org/wp-content/uploads/2012/06/Trade-Off1.pdf

  17. Antius on Wed, 13th Jun 2018 11:04 am 

    It would appear that we can no longer trust the statistics that we are given on metrics like economic growth, inflation and unemployment.

    https://www.zerohedge.com/news/2018-06-13/real-economic-numbers-215-unemployment-10-inflation-and-negative-economic-growth

    Some extracts:
    1. The truth, of course, is that the percentage of the population that is employed has barely budged since the depths of the last recession. According to John Williams, if honest numbers were being used the unemployment rate would actually be 21.5 percent today.
    2. If inflation was still calculated the way that it was in 1990, the inflation rate would be 6 percent today instead of about 3 percent.
    3. And if inflation was still calculated the way that it was in 1980, the inflation rate would be about 10 percent today.

    Doesn’t look good. The US has been in a recession since 2000 and a depression since 2008. In another one of Smith’s articles, he predicts a global economic meltdown between 2021 and 2025.

    https://www.oftwominds.com/blogjun18/global-meltdown6-18.html

    Looking at the stats, I wonder if we can keep it together for even that long.

  18. MASTERMIND on Wed, 13th Jun 2018 11:04 am 

    Existing oil reserves are scheduled to begin a catastrophic crash within 1 to 3 years. When it hits the economic and social damage will be catastrophic. The end of Western Civilization, from China to Europe, to the US, will not occur when oil runs out. The economic and social chaos will occur when supplies are merely reduced sufficiently….

    https://imgur.com/a/6dEDt
    https://arxiv.org/pdf/1708.03150.pdf
    https://www.scientificamerican.com/article/has-peak-oil-already-happened/
    http://www.sciencedirect.com/science/article/pii/S0301421509001281
    https://www.scribd.com/document/375110698/The-end-of-Peak-Oil-Why-this-topic-is-still-relevant-despite-recent-denials-Chapman-2014
    https://www.scribd.com/document/375110317/Projection-of-World-Fossil-Fuels-by-Country-Mohr-2015
    http://www.energybulletin.net/sites/default/files/Peak%20Oil_Study%20EN.pdf
    http://www.scribd.com/document/367688629/HSBC-Peak-Oil-Report-2017

  19. GregT on Wed, 13th Jun 2018 11:27 am 

    MM,

    What, exactly, do you believe that you are accomplishing by continuing to post the same cut and paste nonsense, that does not support your conclusions, over and over and over ad nauseum?

    You do realize that after about the second or third time, people simply stop reading it, or is that too complicated for someone of your vast superior intellect to figure out?

  20. Rockwellstartrek on Wed, 13th Jun 2018 11:32 am 

    The collapse has already begun. When a communism regime meddles in the election of the beacon of democracy and nothing is done about it, isn’t that a sign of collapse of the Empire? Has anyone notice the parallel to post WWI of the discontent that gave rise to the national socialist regime of Italy and Germany?

  21. GregT on Wed, 13th Jun 2018 11:43 am 

    “When a communism regime meddles in the election of the beacon of democracy and nothing is done about it, isn’t that a sign of collapse of the Empire?”

    Oh boy.

  22. MASTERMIND on Wed, 13th Jun 2018 11:43 am 

    #BREAKING Germany’s Merkel calls migration policy the “litmus test” for the future of Europe

    https://twitter.com/AFP/status/1006939027508023298

  23. MASTERMIND on Wed, 13th Jun 2018 11:48 am 

    Rockwellstartrek

    Don’t worry Vlad the bad will be neutralized..They already have troops on his border ready to charge..and missile defense systems surrounding him. And the media has already manufactured the consent for the killing of Putin..Just one false flag away..And they are the masters of false flags..

  24. GregT on Wed, 13th Jun 2018 11:52 am 

    Vlad the Bad is the manufactured enemy du jour, to keep the dumbed down masses from paying attention to the real enemy of the state(s); the Empire itself.

  25. Davy on Wed, 13th Jun 2018 12:00 pm 

    “Most of the blame goes to the Empire Davy, which just so happens to be destroying the USA from within.”

    most of the blame goes to everything and anything, greggie

  26. Davy on Wed, 13th Jun 2018 12:04 pm 

    You over do the empire thingy grehggie, it is a catch all for your extreme anti-Americanism. You are just an intellectual simpleton and the best way to handle complex topics is to render it down to one boogieman.

  27. GregT on Wed, 13th Jun 2018 12:12 pm 

    If the Empire was concerned about the American people, it would be focussing on the multitude of problems brewing at home, instead of the endless warmongering all around the globe, which at this point in time, is amassing debt for the American people to the tune of at least a half a Trillion dollars per year, and isn’t accomplishing anything other than the mass murders of hundreds of thousands, or millions, of innocent people.

  28. Antius on Wed, 13th Jun 2018 12:23 pm 

    Germany’s Merkel calls for unified European approach on migration.

    https://www.reuters.com/article/us-europe-migrants-italy-germany/germanys-merkel-calls-for-unified-european-approach-on-migration-idUSKBN1J92I8

    In other words, those pesky East European countries need to be made to put up and shut up. If you don’t take in third world colonists, the Soviet bureaucracy in Brussels will punish you.

  29. GregT on Wed, 13th Jun 2018 12:28 pm 

    “Until the latest of our world conflicts, the United States had no armaments industry. American makers of plowshares could, with time and as required, make swords as well. But now we can no longer risk emergency improvisation of national defense; we have been compelled to create a permanent armaments industry of vast proportions. Added to this, three and a half million men and women are directly engaged in the defense establishment. We annually spend on military security more than the net income of all United States corporations.”

    “This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence — economic, political, even spiritual — is felt in every city, every State house, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society.”

    “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the militaryindustrial complex. The potential for the disastrous rise of misplaced power exists and will persist.”

    “We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.”

    “Another factor in maintaining balance involves the element of time. As we peer into society’s future, we — you and I, and our government — must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow.”

    – You know who.

  30. MASTERMIND on Wed, 13th Jun 2018 12:38 pm 

    Greg

    I am home watching ESPN..And they just ran a hit piece on Putin ahead of the world cup..And they interviewed a former spook ie CIA director..who accused Putin of all these horrible things..And then they said he scored five goals in hockey and called him the “Dear Leader” comparing him to North Korea’s leader..Even ESPN now is spreading anti Russia propaganda..

    You can’t make this up..LOL

  31. MASTERMIND on Wed, 13th Jun 2018 12:39 pm 

    I emailed: Dr Mamdouh G. Salameh
    International Oil Economist / World Bank Consultant

    And asked him when do you think global peak oil will occur?

    And he replied by 2028
    https://imgur.com/a/RnllRDJ

  32. MASTERMIND on Wed, 13th Jun 2018 12:56 pm 

    Jeff Gundlach sounds alarm on America’s ‘exploding’ debt says Washington is spending its way to a “suicide mission”

    http://money.cnn.com/2018/06/13/investing/us-debt-gundlach/index.html

  33. Davy on Wed, 13th Jun 2018 1:24 pm 

    “If the Empire was concerned about the American people, it would be focussing on the multitude of problems brewing at home, instead of the endless warmongering all around the globe, which at this point in time, is amassing debt for the American people to the tune of at least a half a Trillion dollars per year, and isn’t accomplishing anything other than the mass murders of hundreds of thousands, or millions, of innocent people.”

    That’s a pretty bad run-on sentence grehggie. Again you use the “empire as a catch all”. This empire thingy is a global phenomenon of extreme wealth that does not know borders. This empire thingy also is reflected in the other side doing the same thing. You never are willing to discuss that part of it. It is always American and under the catch all of Empire. Do you have references for the amassing of debt? Do you have references for the millions of deaths per year? Slow down and start getting more sophisticated so you can focus in on some detail not the whole grand conspiracy that is a fantasy.

  34. MASTERMIND on Wed, 13th Jun 2018 1:30 pm 

    Psychiatrist Warns Trump May Be on ‘Boundary of Psychosis and Reality’ As Mental Health Appears to Deteriorate

    https://www.alternet.org/news-amp-politics/psychiatrist-warns-trump-may-be-boundary-psychosis-and-reality-mental-health

  35. Davy on Wed, 13th Jun 2018 1:34 pm 

    well we know the blind lying liberals are in a psychosis so one can understand how it might be rubbing off on trump.

  36. Cloggie on Wed, 13th Jun 2018 2:16 pm 

    Psychiatrist Warns Trump May Be on ‘Boundary of Psychosis and Reality’ As Mental Health Appears to Deteriorate

    https://www.alternet.org/news-amp-politics/psychiatrist-warns-trump-may-be-boundary-psychosis-and-reality-mental-health

    And who is the author of the article?

    This cry-baby:

    https://downtrend.com/wp-content/uploads/2017/08/Black-Bigot-Chauncey-DeVega.jpg

    https://downtrend.com/vsaxena/anti-white-bigot-chauncey-devega/

    “ANGRY ANTI-WHITE BIGOT CLAIMS TRUMP’S “PRESIDENCY IS EVEN WORSE” THAN HURRICANE HARVEY”

    That would be Chauncy the gate crasher, material for Greater Baltimore, after the break.

  37. Cloggie on Wed, 13th Jun 2018 2:23 pm 

    #BREAKING Germany’s Merkel calls migration policy the “litmus test” for the future of Europe

    https://twitter.com/AFP/status/1006939027508023298

    Let’s see if her “government” survives another week:

    http://www.spiegel.de/politik/deutschland/fluechtlingspolitik-angela-merkel-und-horst-seehofer-verabreden-krisentreff-a-1212800.html

    Her minister of the interior, Seehofer of Baravia has proposed a strict policy paper regarding invaders, but the Christian c*nt want’s none of it. Seehofer is scared to death for the AfD in the upcoming Bavarian election and has to play tough.

    There is a crisis meeting as we speak in Berlin.

    Clinton, May and Merkel, the best illustration that women have no place in politics. Nice agenda point for after the crash of the West, that can’t happen fast enough.

  38. GregT on Wed, 13th Jun 2018 2:31 pm 

    “That’s a pretty bad run-on sentence grehggie.”

    Run on sentences do not contain punctuation Davy.

    “This empire thingy is a global phenomenon of extreme wealth that does not know borders.”

    Correct, the Empire knows no borders, and does not swear allegiance to any flag. The US military is the current projector of power for that Empire. It has no concerns for the American people, and is going to bleed them completely dry all in due course. If it doesn’t bring war to the American homeland first.

  39. Anonymouse1 on Wed, 13th Jun 2018 2:42 pm 

    The exceptionalturd, as we know, is not a connect-any-dots kind of lunatic. He prefers to spend all his time sharing his lame(and repetitive) rationalizations and delections. He certainly has no time to spare for ahem, ‘farming’ or, ‘prepping’. That much is clear. Much easier, and satisfying for him to furiously mash that refresh button all day long looking for yours or Maks latest comment.

  40. MASTERMIND on Wed, 13th Jun 2018 3:04 pm 

    Clogg

    You always attack the person arguing anything you dont like..Thats called an ad hom fallacy..You are such pathetic low life..Nobody loves you and your jobs are never coming back..along with your economic growth..Sorry Fat boy..

  41. GregT on Wed, 13th Jun 2018 3:05 pm 

    “well we know the blind lying liberals are in a psychosis so one can understand how it might be rubbing off on trump.”

    Always blame the other guys. Much easier than peering behind the curtain.

    Divide and conquer. The oldest strategy in the book.

  42. MASTERMIND on Wed, 13th Jun 2018 3:07 pm 

    Davy

    You sound like a paranoid loon..who are these lying liberals? you live in Jesus fantasy land..and you wouldnt be shit without your wealthy family..You are as pathetic as clog..no education, no knowledge,..And you spam this site with zerotrash..Just like you..Keep sticking up for trump you piece of soggy white bread..

  43. GregT on Wed, 13th Jun 2018 3:10 pm 

    “You always attack the person arguing anything you don’t like..Thats called an ad hom fallacy..”

    So what would you call these MM?

    “You are such pathetic low life.”

    “Sorry Fat boy.”

  44. MASTERMIND on Wed, 13th Jun 2018 3:13 pm 

    Guy McPherson is on the edge of extinction. Guy is crazy. He should be put in a cage and displayed at a freak show in a circus…

  45. MASTERMIND on Wed, 13th Jun 2018 3:15 pm 

    Greg

    Those are just insults..and keep sticking up for your tin foil hat whack job nazi friend..you two are thick as thieves.

  46. MASTERMIND on Wed, 13th Jun 2018 3:18 pm 

    Greg and Clogg

    Here is reddit’s ask a historian page..you can ask any question to real historians..Ask them about your theory how Hitler was set up by the Jews and the US..And take a screen shot and show me what they say..

    https://new.reddit.com/r/AskHistorians/

    Prove yourself..You lying tin foil hat whack jobs..Prove that you are right..or shut the fuck up and go back to alex jones dot com..

  47. GregT on Wed, 13th Jun 2018 3:24 pm 

    I’ve read enough about 20th century history MM, to understand that the ‘official’ story doesn’t jive with reality.

    If you really have any desire to ‘clue in’, you’ll have to do your own homework. I’m not your mommy.

  48. MASTERMIND on Wed, 13th Jun 2018 3:35 pm 

    Greg

    You are going to regret ever having children..When society collapses soon..and you think about your daughter being brutally gang rapped and sodomized by goons..You are going to hate yourself..you should have done your homework before you had kids..and not just assumed everything would be fine..

  49. MASTERMIND on Wed, 13th Jun 2018 3:38 pm 

    Greg

    HAHA! I knew you wouldn’t take the challenge..You are full of shit..Put up or shut up.You think you know more than actual historians..the hubris..Just admit you and clogg are paranoid schizophrenics..

    The truth fears no questions..

  50. GregT on Wed, 13th Jun 2018 3:44 pm 

    MM,

    My children are your age, and both are doing extremely well. Far better than you are, or likely ever will be.

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