The Fear of Default and Bankruptcy: How The Government Scared People Into Believing Austerity Measures😱 Should NEVER be an Option – December 13, 2021, #LateStageSocialism

It’s interesting to listen to people these days, they claim they want the government to shrink, but deep down, they don’t really want the government to shrink in size, they only pay it lip service. These people assume we haven’t figured them out yet, but that’s fine, maybe they’re in debt, maybe they’ve gotten used to tyranny, and for them to imagine a life without tyranny frightens them.

When Barack Obama and Ben Bernanke billed out Wall Street it was probably the most satanic period in Unite States history, rich people being rewarded for their recklessness. But, let’s also put this in its proper perspective, the rich were convinced or incentivized by the George Bush’s and Bill Clinton to change how they invest, many of us remember “NEW WORLD ORDER”, the Clinton administration ending glass Steagall, and of course the NINJA loans(No Income, No Job, and No Assets Loan).

I’m keeping this post short so excuse me if I’m leaving important events out. Anyway, the government was to blame for the crash, but you have to also remember that nobody forced these companies to spend in the manner they did. I comprehend that if Obama allowed the economy to crash Social Security and Pensions possibly would have gone bust, but if we’re to be honest, no they wouldn’t have, what would have happened would have been RESTRUCTURING which would of course, equate to AUSTERITY measures.

Obama should have shrunk the size of government, but as I like to point out, we also have to go back to the mood of the country during the Obama administration, the first Black President and America potentially going bankrupt? Truth be told it wouldn’t have been Obama’s fault, but people have short-term memories and the young Obama would have gotten the blame.

Long story short, the economy gets bailed out, interest rates drop to zero, the GOVERNMENT spending spree begins and generates little to no results? The Obama Presidency was the best thing to ever happen to the rich, not only were they bailout, but the bailout also led to them getting bonuses, because a bailout is essentially making a appear that your company didn’t go bankrupt, which also equates to your company having access to cheaper money, because interest rates are near zero percent.

The rich benefit the most from abnormally low-interest rates, because most business people know how to turn a profit, the entity that doesn’t know how to turn a profit is government or private entities and individuals DEPENDENT on government. Because of Obama, there are a lot of private companies built ENTIRELY on debt, meaning if interest rates were to reflect market conditions, most of these businesses would go BUST.

The government has done nothing to improve its conditions with lower interest rates? Currently, the Biden administration wants to borrow even more money, because the other 0% interest money has generated any returns, in fact, prior government spending sprees have resulted in a net negative for America. When someone or some entity is in debt and doesn’t know how to properly invest, you don’t reward that entity with more powers and more money, you do the opposite.

But of course, humans hate change and they’re fearful to mention austerity measures because they’re scared of the unknown. The truth of the matter is that the MONEY isn’t the problem, the regulatory policies are the problem, and austerity measures limit governments’ involvement in the markets. Yes, this should scare you, but tyranny should scare you even more. Because if this economy is not allowed to crash you’re submitting to Big Government which ultimately equates to an authoritarian rule!

Interesting times ahead!