Last year, Joe Biden – or whoever is really running America (into the ground) – promised to forgive a massive amount in student loans. This was a self-serving promise that he knew would be ruled unconstitutional, and which he could blame on the Republicans. Although this was hyped as forgiveness, it wasn’t, rather he was […]
The worldwide covid lockdowns, Joe Biden’s insane war on oil and now the actual war in Ukraine have led to massive hikes in prices worldwide. The world runs on energy, so anything that raises the cost of energy raises the price of everything including food, household goods, heating, literally everything. In addition to that, the […]
If you are an America, you are probably tired of hearing about the so-called insurrection of January 6 last year. But have you heard of a much more recent insurrection? Last weekend, crowds of angry citizens flooded the Presidential Palace in Sri Lanka. This island paradise has a population of around 22 million, and most […]
Now, let us take this analogy one step further. The poker tournament is the economy, and the players contribute to it simply by playing, regardless of whether they win or lose. The people playing with real cash are business owners and the like, but ordinary workers don’t have that sort of money, so in order […]
What is wrong with capitalism? The short answer is nothing, or at most, very little. Virtually all the problems laid at the door of capitalism are actually due to finance. These problems include debt, depressions, and something called unemployment. To help you understand the nature of these problems and their solution, here is a perfect […]
Marxism/communism/socialism is the movement of the downtrodden masses, right? The basic plan is to strip the ultra-wealthy and just plain wealthy of that wealth and distribute it to the rest of us. They will bring about a society in which each contributes according to his ability and takes according to his need. (We can now […]
In July, the Stop The War Coalition held a Zoom meeting in which its invited speakers blamed war on “Imperialism”. Topically but not surprisingly the British role in the trans-Atlantic slave trade had more than a little to do with it, and listeners were treated to a clown from the African Diaspora explaining how if it hadn’t been for the slave trade, Africa would be leading the world in technology, art, and everything else.
Back to our example, having repaid his debt, the bank takes a $10 fee – its profit – and the other $40 is credited to the customer’s regular account.
The big question is, if the banks can practise this sleight-of-hand for profit, why can’t our governments do so for the public good? The short answer is there are too many people on the take. Think Deep State, Dan, then you will understand.
Former Secret Service agent Dan Bongino (pictured) hosts one of the largest conservative shows on YouTube and other media.
His analyses of politics are often spot on, as are his pithy sayings. Two of his favourites are:
all debts are paid
and
there is no power in yes.
The first is actually quite a profound statement, and if you don’t understand the second, think of how many times you’ve been told “No!” by bureaucrats and other jobsworths, then you will understand.
"Today’s loan sharks wear expensive suits and work on Wall Street, where they make hundreds of millions of dollars in total compensation by charging sky-high fees and usurious interest rates."-Bernie Sanders and Alexandria Ocasio Cortez
