INFLATION -DEFLATION will be DEFEATED by PEOPLES REV

INFLATION -DEFLATION will be DEFEATED by PEOPLES REV

By Hugo Adan

9/22/20 20

 

This is my reaction to the art below:

INFLATION AS A TOOL OF THE RADICAL LEFT 

"...the best way to destroy the Capitalist System was to debauch its currency... The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose..."

….

FALSE!:

Inflation is effect of neoliberal policies & those who rule this Syst are the main cause. The cause are debt  and we must write down debts that blocks Econ recovery: bankruptcies are the price to be paid for the financial sector’s sabotage of the tax system.

 

Over-lending  for junk  mortgages (plus bailouts & QEs for financial speculation) caused the bubble  (ASSET PRICE INFLATION).  Widespread forecloseus threw  million homes onto to the market at distress prices , that is one cause of inflation.

 

Trying to save appearances by keeping bad debts on FED books has lead to DEBT DEFLATION gnawing and  affecting the consumer demand and speculative business investment.  That is the problem that  we have now:  a fake economy  that doesn’t  sustain itself:  capital don’t reproduce itself  in good faith. They only recycle the appearance of  good Econ financed with a fake USD  printed  from the thin air. Fact is that our USD  is being  abandoned fast in the global market.   

 

Either we go back to dollar based on gold or set new rules to cover the debt burden.

 

If we set new rule s we must scaled debts to their ability to be paid and avoid  widespread  foreclosures .

 

 That imples to taxing busuness speculation as FDR did it in 1935-36  (in the middle of first recession) . If they refuse new taxation, they are not real americans and then  the FED must confiscate their assets and bank’ fortunes as FDR dit it.

 

Then we will have Econ recovery witout inflation for many years (40 years) as FDR got it. ALL THAT WE NEED  NOW IS A PLAN FOR POST-NEOLIBERAL ECONOMY. Speculators from WS will not do it. The PEOPLE SOCIALIST FRONT in allieance with productive middle sector of capital investors ,plus the labor and  working middle classes will do it. This implies peaceful REV with REFERENUMS across the Nation.

 

The winner (either Biden  or Trump), will have ZERO chances of gobernability after election anarchic caos left by Dems & Reps. PEOPLE REV will win.

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