Comments by "DXR" (@MrDXRamirez) on "TradingCoachUK" channel.

  1. The only ones not in debt are the capitalists. When the economy crashes and politicians want to resuscitate capitalism the only class that has the capital are the capitalists. Do you think they will invest their capital to start up the economy when the politicians try to get it from them, and by what means will they tax the rich, when the rich refuse to pay and the president refuses to step down from power, which is highly likely to happen, there is no institution powerful enough to extract the wealth from the super rich to restart an economy shattered and loaded with debt. No buyers and stocks falling in price no more capital going back into the cities and infrastructure and the bonds come due, who pays? We saw this happen with Greece and the capital borrowed from the central bank of Europe was money the capitalists acquired from tax breaks re-lent to government with interest. Liberty bonds raised the capital for a war effort not for the investment and development of industry and jobs. This would have been a way out of the crisis without the banks in rebuilding an economy away from the situation of people and governments in deeper debt than in 1929. When it happens again, the next crash, will the working people of America resist paying the debt and how will they defend that position?
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  2.  @joycekoch5746  It will have to be a life-changer and a lifestyle changer in the aftermath of a collapse. Roman Empire was a slave society, it could not survive. America is a capitalist society with a higher level of productive forces. It can survive. The productive forces in America are high enough to support a socialist society without a fall in the standard of living of the working class. May not be to the standard of the upper ruling social classes but they have nothing to do with the production of the economic surplus. They don't work. A person of this class will have to search deep for the soul of new society that requires a new attitude in them about humanity. Humanity is not their exclusive servant might be too hard an adjustment for the whole social class of ruling elites to take but that is just too bad. The US is fortunate that it can afford a true affluent society. Why it prefers to demean and undercut itself by not even trying for an affluent and egalitarian material society and show the world the way, is all low functioning and low self-esteem playing itself out in candidates, politics and institutions, in my opinion.
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  3. I like the idea behind the Liberty War Bonds as a vehicle for the average person to get a dividend each month from this capital. Capital raised for investment direct into the American economy, into factory cities, job study programs, as production centers. Liberty Bonds was a way to build a Navy the idea can still work to re-build a society. As production takes off so does the economic surplus and everyone owning an Industrial Bond is getting a share of the value of the stock surplus which they can exchange for money, sell or transfer, or collect as dividend. This would certainly curtail the banker's habit of cheating the Public and debasing the currency, the general misuse of money can't happen if most of it is in Public hands.
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