Socialists- Sending The Western World Broke and Lying About Why.

Socialists will never admit their ideas don’t work, and they often point to Norway or Denmark as examples of where it does. What they fail to mention every time is the important background information that the economies of these countries are kept afloat by enormous oil revenues of the kind that other countries can only dream of.

Opponents of socialism have been striving for decades to point to the simple fact that socialism does not work, based on Lady Margaret Thatcher’s maxim that “eventually, you run out of other people’s money”. Even Denmark and Norway will face this outcome when their oil reserves expire. Then the excrement will really hit the fan as two nations of people with a deeply ingrained entitlement mentality suddenly have to deal with the real world. (they’ll probably riot in the streets and blame capitalism)

Europe is collapsing under the mountain of debt. So is the UK and Ireland. Whole countries made insolvent by the largess of power obsessed socialist governments spending money they did not have buying the votes of dull indoctrinated people who could not see how they were being duped. Even the USA is tottering on the brink of a debt precipice. For the same reason. Bankrupted by socialists.

The Guardian- More than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown, a leading analyst has warned. Meredith Whitney, the US research analyst who correctly predicted the global credit crunch, described local and state debt as the biggest problem facing the US economy, and one that could derail its recovery.

“Next to housing this is the single most important issue in the US and certainly the biggest threat to the US economy,” Whitney told the CBS 60 Minutes programme on Sunday night. There’s not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizeable defaults – more. This will amount to hundreds of billions of dollars’ worth of defaults.”

New Jersey governor Chris Christie summarised the problem succinctly: “We spent too much on everything. We spent money we didn’t have. We borrowed money just crazily. The credit card’s maxed out, and it’s over. We now have to get to the business of climbing out of the hole. We’ve been digging it for a decade or more. We’ve got to climb now, and a climb is harder.”

American cities and states have debts in total of as much as $2tn. In Europe, local and regional government borrowing is expected to reach a historical peak of nearly €1.3tn (£1.1tn) this year.

Not damn hard is it? How come then that so many people still vote for this monstrous Ponzi scheme dreamed up by power obsessed Marxists? Two reasons basically. 1) They don’t know any better thanks to a corrupt mainstream media and education system, and 2) they’re locked so deeply into the system they cannot get out. The entitlement mentality that the socialists have bred has drawn the stupid and gullible into their web like flies.

So, its all going sideways, and the real battle now is for truth. The left will do all they can to portray their own failures as a failure of capitalism. As the tried to pin the US Prime Mortgage collapse on capitalism. Think about this for a while. Socialism collapsing. Media still cheering for it. Bloggers and others trying valiantly to get the truth out there. What’s the first step in the race to apportion false blame? Shut down the alternative media. Its all collapsing in a heap and those who are to blame for this disaster are today flat out trying to shut down the internet, talk radio and FOX news.

Maybe its all a coincidence. Maybe not. Maybe they know the collapse is coming and are positioning themselves for the takeover that was always at the root of their plans. Would anyone be this dishonest and manipulative and ruthless in their quest for power? Would anyone plan on violence in the streets as a way of eliminating opposition? Of course not. Bolshevism? Never heard of it.

The Revolution

In early October, Lenin convinced the Bolshevik Party to form an immediate insurrection against the Provisional Government. The Bolshevik leaders felt it was of the utmost importance to act quickly while they had the momentum to do so. The armed workers known as Red Guards and the other revolutionary groups moved on the night of Nov. 6-7 under the orders of the Soviet’s Military Revolutionary Committee. These forces seized post and telegraph offices, electric works, railroad stations, and the state bank. Once the shot rang out from the Battleship Aurora, the thousands of people in the Red Guard stormed the Winter Palace. The Provisional Government had officially fallen to the Bolshevik regime. Once the word came to the rest of the people that the Winter Palace had been taken, people from all over rose and filled it. V. I. Lenin, the leader of the Bolsheviks, announced his attempt to construct the socialist order in Russia. This new government made up of Soviets, and led by the Bolsheviks. By early November, there was little doubt that the proletariats backed the Bolshevik motto: “All power to the soviets!”

From The Bolshevik Revolution.

11 thoughts on “Socialists- Sending The Western World Broke and Lying About Why.

  1. Mortgage origination has now become a public oligopoly, with the government controlling 94 percent of the market. Fannie’s and Freddie’s market share has grown from 39 percent in 2006 to 72 percent in 2009, while that of the Federal Housing Administration’s has leapt from 3 percent in 2006 to 22 percent in 2009. In addition, the Federal Reserve has been a major force in suppressing interest rates and providing liquidity in the housing market. In 2009, it agreed to purchase up to $1.25 trillion in agency mortgage-backed securities [MBS], or at least 80 percent of Fannie’s and Freddie’s new MBS issuance.

    Instead of shrinking the housing giants and reducing the risk on the Federal Government’s balance sheet, the administration, on 24 December 2009, increased Treasury’s commitment to Fannie and Freddie to unlimited amounts for the next 3 years – and has allowed for expansion of the firms’ trading portfolios. The administration also has placed Fannie and Freddie at the center of its loan modification and refinancing efforts, further deteriorating the GSEs’ financial health at taxpayers’ expense.

    Yip, all Capitalism’s fault alright…

    *rolls eyes*

    As if we had Capitalism in the first place…

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  2. “…So is the UK and Ireland. Whole countries made insolvent by the largess of power obsessed socialist governments…”

    Just for the record, Ireland has never had a left-wing government in the history of the state.

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  3. Bearhunter 10:38,

    “Just for the record, Ireland has never had a left-wing government in the history of the state.”

    Isn’t that much the same as saying our current National Party is right-wing? Labels become meaningless – what parties actually do when in power is the acid test, surely!

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  4. I think you’ll find, red, that the people in that picture are not the Irish government.

    As for an empty assertion, can you point me to the last time Ireland had a socialist/left wing government? The nearest there has ever been has been when the Labour party made up a tiny part of coalition governments and managed to get precisely sod-all policy enacted. It would be hard to find a modern democracy with less of a left-wing influence in the past century.

    http://en.wikipedia.org/wiki/Irish_cabinets_since_1919

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  5. And great post, Red – who can deny the fact that the socialist global house of cards is well and truly collapsing?! What I want to know is is it even possible to retrieve ourselves from this mess? – or is there simply too much damage, and too much water has been allowed to flow under the bridge?

    Or is this what’s required – complete collapse followed by re-building from the ground up? Mind you, in that scenario there’s always Red China (and perhaps India & Russia) to consider.

    Whatever happens, though, it’s going to get worse before it gets better. And I am assuming, perhaps wrongly, that it is going to get better …

    Perhaps mankind’s ONLY solution is turning to an authority other than himself …

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  6. Bearhunter- I’ll grant you that the Irish have a larger religious influence in their culture that has dampened to a small extent the population’s ardour for socialism, but to suggest it has never been socialist is absurd. Can you tell me a country that you do think is socialist and how it differs from Ireland. That would be helpful.

    I’ll try something similar for you. Australia has been socialist for decades. Its got a GDP/ govt spending ratio about the same as Ireland’s is (currently, or at least before the GFC, around 34%). Using GDP/Gvt spending ratio, where do you think socialism would start? 10%? 20%? 30%?40%?

    Your comment sent me searching for some backup, and I found this page, The Economic History of Ireland

    The recent “Tiger” period too was still manipulated by government. I reject the myth that it was a free market, especially given that much of the “boom” was underpinned by money coming from the European Union.

    In the end, socialism is a frame of mind, a mix of politics with culture, and at the root of it is the general belief amongst the citizenry that government is the answer to any problem. Especially that government can be used to counter the evil of capitalism. I can’t see anything in Ireland’s recent history that suggests they weren’t suffering from that malaise.

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  7. What I want to know is is it even possible to retrieve ourselves from this mess? – or is there simply too much damage, and too much water has been allowed to flow under the bridge?

    We can fix things very quickly, we just need politcians who will face the economic reality and do what is right as dictated by a set of reason and morally based principles… For example, the US could fix it’s problems easily by privatising all of it’s government apart from essential functions, replacing all taxes with the Fair Tax Act and repaying debt as fast as possible, the moral and economic growth that would follow would be staggerring… They need some simple Constitutional amendments and to repeal of avalanche of muncipal, state and federal regulations but change can happen remarkably quickly…

    Despite everything that happened in the US in the 20th century to hamper growth; two World Wars, the Vietnam war, the Gulf War, the Korean War, the Cold War, the introduction of an income tax, the introduction of the Fed, the New Deal, the Great Society, the raft of un-Constitutional laws, the creeping socialism, despite all this the average standard of living grew 7 fold… Imagine if they hadn’t started losing their way in 1913…

    The US is still the best hope of freedom, true freedom, in the world… Things can change positively and quickly, the problems can be fixed, and if they can ever get their act together I shall be there as fast as I can…

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  8. ” think you’ll find, red, that the people in that picture are not the Irish government.”

    They are a large part of the bureaucracy. If you look closely, you can see that many of the banners refer to the Civil Service Unions.

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