Lloyd Blankfein Says Bernie Sanders Would ‘Ruin Our Economy’, The Economy is already ruined, Bernie will only make it worse – February 12, 2020,
The creation of Bernie Sanders is a Democrat manifestation that was inevitable, Martin Luther King created a movement that revolutionized America. The Democrat collectivists that got the ball rolling were the Racists, who first used the minimum wage laws to price blacks out of certain laws and then used Jim Crow laws to fuel Collective changes in the U.S economy.
It’s important to remember that Socialism as Bernie Sanders will tell you has several different strands, Fascism is National Socialism, Communism is the end goal to Socialism, democratic socialism is the first sign that the Republic, the Constitution is under direct attack because Democracy is mob rule. Democracy means that the majority can oppress the minority.
A lot of white people abandoned White Supremacy because, in the end, it’s a form of collectivism that will limit your rights and freedoms in favor of mob rule. In any collectivist society, your freedom of speech is under threat in some capacity. People forget it’s a taboo to use the “N” word. A judge might be sympathetic to a violent person who claimed that they became violent because they were triggered because someone they didn’t like called them a word they didn’t like.
Freedom of speech has been under attack for a long time, the government has also been engaging in all manners of price and wage controls, I often write about the 32nd President of the United States, Franklin D. Roosevelt and why the Great Depression lasted so long. Herbert Hoover the 31st President of the United States was a 1 termer March 4, 1929 – March 4, 1933, why? Because he refused to intervene in the economy at least to the extent Franklin D. Roosevelt did.
‘Lloyd Blankfein Says Bernie Sanders Would ‘Ruin Our Economy’ | nytimes.com
During that era, there was a demand, there was a fear that the minorities were getting too powerful, the collectivists wanted to use the power of the state to price out their competition. The tax the rich crowd existed way back then and they wouldn’t stop demanding Government intervention until they got their way. Now, if you call the economic collectivism model for what it is, you can stop being confused about how the economy works.
Bernie Sanders shouldn’t be allowed to use Denmark and Norway as models for his version of Democratic Socialism, Bernie wants to increase the Federal Minimum Wage
Economics affects social cohesion, a confused population, tends to seek easy answers, during the period of FDR, you have to remember that the people who wanted change, didn’t care how long it took, FDR was their guy and no matter how long it took, FDR would find a way to make it work. This is basically the thinking behind Bernie Sander’s supporters. Bernie supporters want the government to create an economy that benefits them, the problem is that economically the Democrats have already done everything they can without going full-blown Socialist.
Full Blown Socialist is when the government micro-manages almost every single part of the economy, sure this exists to some degree now, but Bernie is a communist, come on. In Norway, Denmark, Sweden, Finland, and Iceland they have NO Federal minimum wage, do you know why? It’s price control, once the government regulates prices everything has to repriced, now people like myself, I’m a believer in Tariffs, I’m not a believer in minimum wages.
A tariff can prevent countries who manipulate their currencies from draining your country of its jobs. A minimum wage destroys any merit of having a tariff, one of the reasons why particular parts of Western Europe have such high tariffs which allow them to fund their social services, is because they have no minimum wages. There’s no price control, meaning that market forces are creating the prices, not the government. No, when China manipulates it’s currency America, has no means to fight back, because most states have minimum wages, not mention the Federal Government also has a Federal minimum wage.
Bernie Wants to Cancel Student loan debt, this is a lawsuit of epic proportions
Now, Bernie wants to basically wants to make colleges free, but worse than that he wants to cancel student loan debt, this is an economic crash, there is no market fundamental to making a persons labour free, Bernie also wants to make sure other persons labour is a customer right, meaning Bernie also wants to make health care free and this ties into Bernie’s support of Labor Unions. Labor unions especially public-sector labor unions push costs up, this will also have to be priced into the market and then finally, the bread and butter of peoples retirements the energy sector, Bernie wants to make a Green New Deal, most profits in the stock market come from energy companies.
Now, a Green new deal a regulation that will change the entire energy sector, effectively shrinking the Energy Sector in the United States with what Bernie Sanders calls high paying Union jobs. This is will trigger an economic collapse and this time unlike with Herbert Hoover everyone will know this economic crash was caused by Bernie Sanders and the Democrat Party.
A Donald Trump Crash vs. a Bernie Sanders Crash
Being perfectly honest I prefer a Bernie Sanders crash over a Donald Trump crash because as I’ve stated for years, Donald Trump has been in bankruptcy courts before, he understands the process, a bankruptcy is a renegotiation of debts, that’s all it is, it’s a statement that I can’t pay my bills, I’ll give you 10 cents of every dollar I owe you, furthermore a bankruptcy or debt renegotiation is in fact an economic stimulus if you understand what starting from scratch means and how a person can start from scratch. It could also equate to a normalization of interest rates. I’ve been writing about this topic for years.
The downside to a Trump economic crash is the belief that any future president will be able to accomplish what Trump accomplished. Trump is different, he’s a different breed of human being, that’s rare. Bernie Sanders, on the other hand, he’s a rockstar, he’s a person that’s spent his entire adult life in politics, Bernie was even doing political debates in high school and college, Bernie is rare politician that’s been able to keep his beliefs since college, he was socialist when he first became a politician and still a socialist now, he’s never had to change because he’s been rewarded for his Socialist viewpoints, let’s not forget Bernie is an excellent debater.
In the event, Bernie becomes President the market will crash, but what’s worse is that the market will refuse to come back until Bernie articulates his economic message. This will be a disaster of epic proportions for people dependent on the markets for their retirements. Under a Bernie Sanders presidency inflation will take hold of America, Americans will feel the Bern, because oh yeah, I forget to mention, the price of oil, people assume the price of oil will remain low if Donald Trump isn’t President, you’re absolutely wrong, Trump leaves the price of oil will skyrocket, America won’t be energy independent if Bernie is President, Bernie has made it clear that the Green New deal will become law!
It’s likely that the entire energy sector will halt investments until it’s clear what Bernie Sanders will do. Furthermore, Bernie is going to hike taxes on millionaires and billionaires, great, how is Bernie going to do this without hurting people dependent on pensions, because most of the rich are responsible for people’s pensions. Bernie has to articulate all of this while the economy goes into free fall.
Long and short term when people really start to feel the Bern, will be the moment when people start to second guess the Democrat Party, because, the economic downturn can’t be blamed on Donald Trump, sure the downturn might start happening while Donald Trump is president because the market will be terrified if it remotely believes Bernie Sanders will be President, but once Bernie is President and the economy crashes, well, it will be abundantly clear as to why and they’ll be no hiding it. However there’s one thing I will say, is that under FDR, FDR supporters double-downed on FDR even as the Great Depression got worse and worse, don’t be surprised if this happens if Bernie Sanders is president, because if this does happen, then what will emerge is calls for a separation!
Democracy or socialism isn’t mentioned in the U.S constitution! But let’s make no mistake about it, the U.S economy is already ruined, the difference between Trump and Bernie is that Bernie will make things worse in the short term, but hopefully, Americans will learn their lesson after Bernie destroys everything.