Comments by "" (@jmitterii2) on "David Pakman Show"
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Perhaps your comments were too vague... like completely vague... saying he is toxic and a useful idiot needs to have reasons supporting such comments otherwise you are being tribal and disruptive to useful conversation. I have disagreed with Jimmy and find some of his "reporting" lacking when he gets things wrong... I comment on his posts about what he's not discussing. But it's constructive criticism. Calling people toxic and useful idiot is just a put down. It is toxic. It has no conversation to clarify reality.
Just stick to I think something to the effect "Jimmy is wrong about X because he's forgetting about Z or not thinking about Y". Or he has a misunderstanding on how X works.
He's actually reasonable, when he makes idiot mistakes, he does correct them eventually. Just as everyone... I think too much ego has been going around some of these channels, they all act like they have an vendetta of "See, I told you so." way too prematurely often claiming evidence that isn't supportive, but counter to their argument.
Thus I have actually unsubscribed from your show and his and a few others... I'm literally only subscribed to Captain Big Seltzer LOL! He just sticks to policies. Ego can fuck it. Just fuck ego. Otherwise in movement will collapse under it's own tribalism weight... ego is the key to tribalism... at the heart of it, our culture is very sycophantic... we like to pretend we're all individuals, but reality we love to gravel over super heroes... people from Italy, UK, even Germany with its vestige of old nobility see that we have a weird fetish for royalty... hence why coaches are paid the highest of most states in our country, we worship musicians and actors like they're the second coming or child of one of the pantheon... we have a fucked up culture of irrational boot sucking that must turn toward rationality.
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Our country lost its fucking mind. We've gone so far right, they've gone mentally bankrupt.
"We're not ready for reasonable rationality... in fact we should probably go back to being even dumber and crueler and eviler... kids should probably have to work again, stop the prohibition of child labor... and education, school? Really, these kids are freeloading, no school, let them figure stuff out on their own. And I'm not racist... I'm liberal cuz I'm gay, but I think we should endorse slavery again, get people to work... make them, and not do it based on race, because I might have some Jew or black in me somewhere.... and I'm already working, so I don't need to be owned to get me to work, I'm already working.
Get what I'm getting at? I hope... I'm not that educated as you are probably, but you know... I think sometimes, but it's fun to talk more. And seriously, we should probably do away with fire departments.
You know I just don't think we're ready for public roads anymore either."
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Because they are or were totalitarian right wingers of capitalism even though they claimed to be leftist socialists.
Seriously, they never gave up capital (money). Property rights were still enforced. It's just the "state" owned most of the means of production, and in many cases the "state" meant a few oligarchs they termed "leaders of the proletariat which often power and the wealth and its income passed down to successive family members. Similar to monarchies, mercantilism, patronage/oligarchy capitalism.
USSR always had money. The other term for money is capital. Link below shows all issuance of USSR money throughout its history.
http://russianmoney.info/USSR/1961/
Simon, we see various types of capitalism fail all the time.
This is just a definition setting. Getting hung on terms and not specifics is idiotic.
National Socialist German Workers' Party (NAZI's) were a capitalistic socialism system that allowed oligarchs to retain ownership of production with a strong totalitarian government that kept the oligarchs in check and under control.
I think its better to be specific on policies we want.
Because otherwise you just get people not accepting definitions because they have their preference definition.
It's like saying that bottle is blue, and someone screaming at you saying no, its indigo, and another person say nope its more sky blue, and another saying nope I would say that color is baby blue.
It doesn't matter what anyone calls it. Just use that particular reference of blue be that particular reference, compared to other shades of blue.
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I don't understand this capitalist vs socialist... every country that exists still relies on markets and investment money using aristocratic large sums of money for investment.
Venezuela in the 1990's and through most of the 1900's 80% of all wealth in the nation was and still is controlled by 200 oligarch families. The new regime with Chavez and now the new guy Maduro never banished or kill any of them, despite some of them committing overt coupe attempts to over throw the government under Chavez. Venezuela still relies heavily on investment activity for businesses to exist. Venezuela just nationalized their oil and a few other sectors... Norway government owns most of its oil sector too.
Specifically, the only difference is that Chavez did change constitution that made the power of the president override checks and balances of legislature and judicial. Something that I think can be dangerous for any country.
Currently, the oligarchs in Venezuela continue to try to influence the vote, but often fail since prior to the 1990's before Chavez, Venezuela was among the most impoverished... the people don't have it that great now, but it was a nightmare for most before.
Many Venezuelan oligarchs are still trying to actively get US and other countries to aid in overthrowing their government non-democratically.
What's happening to Venezuela is a story of when oligarchs turn completely tyrannical, and the choice between oligarch puppets is a party that somewhat inept in governing as well as needs the oligarchs much of its economy to function.
By the way, people aren't "eating dog in the street". Shortages exist on very specific food items. When famine or extreme food shortages exist, you don't just get inflation, you literally get people in the streets... go look at anyone taking current footage from there... they're not eating dog or scrounging for food like Sudan or some areas of Guatemala, Honduras, and Nicaragua... to which you see like in Sudan and Libya... thousands migrating in large packs like we see in Mexico.
To be blunt, most nations worldwide are in terrible times using this current underlying economic models of oligarchical model of corporations.
As far as Swedes and Norwegians doing better... 2011 went back to school and stayed in dorms... one girl said she was there because she thought she would take it more serious since she had to actually pay for school... she didn't. She was a party animal. And eventually flunked most of her classes and back to Sweden... another Norwegian 20 year old was a raging alcoholic before he came here... and he left a raging alcoholic when he left just after one quarter semester... I'm not sure if he even went more than two times to classes. None of them took anything serious here, I guess under hopes of themselves and their parents the harshness of the US would make them take responsibility... nope. Didn't pan out for them. The Swedish girl to at least last longer, almost a full 4 quarters before she was actually suspended due to poor grades, and couldn't stay at the dorms anymore. They both had visas to attend school and work while they were here. None of them got a job, which I found funny. Their story was, coming to America to get toughened up, they're screw balls because their respective countries are too relaxed.... either way didn't pan out for them.
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Social-Capital mixed market is the method of economics almost all nations have adopted that does better than total communism or capitalism markets which had replaced slavery, feudalism, and mercantilism.
And determining whether to have a sector collective or private owned and operated requires the competitive market principles if it violates these principles severely, and for all sectors to ensure competitive markets principles are increasingly met toward "perfect competitive markets" like food sector does well from farming and manufacturing and retailing at the private sector meeting easier entry to market, price is influenced by supply and demand as plenty of substitutes exist, etc.with only perfect knowledge not always being available thus we require nutrition facts and ingredient lists as well as statements of allergens contained or if processed nearby so people with severe allergies know to use caution or simply not to purchase that good.
Also, externalities exist on food sector, ie. if farmers have a poor crop yield due infestation of fungus, insects, or other disease, or bad weather you can have sudden price increases in food over time as food supply can drastically drop... so a backstop to prevent food shortages and especially famine, all nations subsidize farming in some way using government money in some fashion often via insurance and price floors for crops.
For natural monopolies that violate entry to barrier, requiring economy of scale, severe externality, etc. those items are not competitive markets thus profit motive fails providing better quality and more supply and you get worse outcome (lesser supply, higher prices, and poorer quality). Utilities, roads, ports, etc. are all natural monopolies.
Economics isn't a mystery.
Really, mostly in just our country, the US has just become a dogmatic idiocy founded on pure insanity since Milton Friedman and Ayn Rand cult and politicians horrible return to plutocratic economic policy. Most nations understand economics.
Our nation's thoughts and understanding on economic science/philosophy from professionals to everyday persons has become as misguided, contradictory, and flat out stupid and wrong in violation of not just logic but of observed facts to be tantamount to flat earther, young earther, ancient aliens built everything, and those that mix and match such as flat earthers space isn't real but aliens still somehow did it contradictory lunatics.
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We have a republic that limits democracy and causes many to be apathetic (gerrymandering, candidate stacking, electoral college, etc.).
Democracy is really the only way to go... votes. And democracies require a strong constitution, but one that can be amended just a bit easier than our constitution with big majority vote so as no to harm a large minority.
Any other alternative is monarchy, theocracy, military or non-military dictatorship, a select oligarchy/leader of the proletariat to which only a handful of select people are eligible for voting.
What we have in the US is a broken republic democracy where our candidates are essentially legally bribed, must get those bribes to get any advertisement and media attention, current office holders select their own districts which is absurd; gerrymandering, and candidates are not undergoing basic tests: drug abuse, general education/knowledge tests.
Apathy is what often kills a republic democracy... Hitler gained seats because people were apathetic, French put in Napoleon due to apathy and simply being tired after the terror (the terror was caused by too easily and hasty on suspension of the constitution something that should never happen, and even Lincoln who suspended part of the US constitution should be watched closely).
Democracies work better for more people than oligarchies, theocracies, simple/military dictatorships, absolute monarchies, etc.
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The everything is in burst mode and will continue to hasten into a liquidation problem all around by the end of 2019 into 2020, Trump is just an idiot waiting for is orange jump suit when he is convicted at the state level for money laundering, campaign finance fraud, structuring, and federally on the same as well as violations on the emoluments clause.
He's only president because economically the worker class over the past 40 years has been put through the ringer: suicide rates are at all time highs, opium use and deaths kill more people a year than the the Vietnam war, individual debts are back up to unsustainable levels from credit card to housing to this time vehicle loans that only got to $400 billion, now is at $1.22 trillion... similar to student loan debts that were once only $400 billion is now at $1.5 trillion. Then the new threatening liquidity debt bubble is collateralized debt obligations concerning businesses... business total debt was $4 trillion, it's now $9.5 trillion with these CLO's accounting for about a trillion. Fluff in the market over the past 3 years was brought higher largely due to low interest rates, stock buy backs run-a-muck with large companies literally borrowing money to buy back stock... the most moronic short term sugar high, and midterm disaster.
CLO's I personally think will be the big catalyst that packs the last punch. Vehicle default rates are already on the rise, those were chopped in CLO's, and business CLO's which literally don't hesitate do file Ch 7 liquidation and dissolve will be gigantic. We're seeing a global slow down because other countries also binged on "cheap" debt, and everyone stops borrowing, no more demand, and poof it all falls down. Since borrowing and investment money was what was driving any demand. There was no underlying virtuous demand cycle... real wages have the purchasing power of 1974. And layoffs for good paying companies have already started from GE, GM, Tesla, and a host of others.
He likely won't be president for another 4 years... we'll be in a serious depression... not necessarily caused by him, it was inevitable before him on the idiot policies used to "revive" the economy... nothing was changed, just inflate out of it on the supply side... if the fundamental demand side is completely ruined, you'll get nothing but boom and bust. And this one is going to be a big bust.
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I'm not sure about making me feel like an idiot so much, because this one is doing that for allowing us to have such a process that puts a fucking idiot in the highest office of our nation.
I want a bar like test, similar we have for air traffic controllers, Bar exams for lawyers, pilot exam and practicals to just get a private pilot license, etc.
For governors and president of the US you should be required to pass a governing exam of sorts... covering wide variety of topics for basic elementary understanding from geography, social studies covering the past 200 years at the least, a history portion covering all recorded history in just a very general sense, basic algebra and geometry, basic chemistry, basic biology, basic physics, etc.
They're allowed to study on the test, provide sample questions and pamphlets on what topics and types of questions that would be on the test, and it should be over 100 questions.
Just a basic knowledge test, and I like most tests 70% would be the minimum passing score. Each time you take the test a different set of questions would be randomized with same amount of concentration on topics. Each failure would require a 4 year waiting period.
After the written test which could be multiple choice, another exam would be given called the practical... this one is just to see if the president is capable of coming up with answers on his own, covering all questions missed.
At the very least, it would ensure anyone for the job, that they would have the understanding they're not "like a smart person." We're all ignorant on some topics, that they will need to read books, at the very least research online like google, and know how to pick credible sources like .edu and determine credible non-bias organizations, even know how to access a scholarly journal and look up various topics.
We can't have an idiot serving in the highest office in the land... 2/3's so far have been dimwits. But Trump takes it to a completely different level, where we're getting essentially what is tantamount to idiot royal heirs utterly bereft of basic knowledge. A completely dangerous combination for someone who is ratifying or rescinding first attempt at all laws, committing to various foreign policies, commander and chief of our armed forces, and has the determination on using nuclear weapons.
I know the White House isn't just one person, but an entire administration, but the president himself has extremely dire responsibilities. We can't give it to a buffoon. And succession would be based on those who could pass the knowledge battery too; VP to Speaker and down... your first assignment when you get nominated or elected to any of these offices of succession would be to study and take the exam as soon as practicable.
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I don't think Universal Basic Income would be a stable decent concept. Look at social security at constantly being cut (age changes for retirement, goofy tricks on calculating increases due to inflation, etc), and since we get that small amount pensions have been cut to the point they don't exist for a majority, instead a 401K which is not a pension program, especially from the meager match and total amount for people to pay into it.
What's required is a complete employer and employee relationship change. Eliminate the relationship by making it one in the same.
1) Employees cannot get ahead if constantly considered a cost as they are now.
2) Profit sharing generally doesn't exist with employees despite various gimmick stock options that are often required to be purchased... that's not sharing, that's selling shares for potential profit or loss.
What we need is to change corporations into co-op based businesses where each worker has a stake in the company and a vote in what to do with revenue: capital expenditures, benefits expenditures, wages/salaries, bonuses, operating expenses, to basics on regular amount of hours per week to work, where to work, how to work, etc.
Capital formation has always been the plug on most co-ops. Most individuals don't have money to risk starting a co-op business that require heavy amounts of capital like in mining, refining, and even just moderate manufacturing, etc.
So you create a Federal Reserve Co-Op Bank, similar to the Federal Reserve Bank that exists in most nations; but instead of having private banks run the show, The Fed Reserve Co-Op bank doesn't necessarily need any deposit bank, and in fact has its own branches and only lends money, you may actually allow savings and checking which would help poor unbanked people, but for the function of capital formation deposits aren't required.
Because the Fed Co-Op Reserve Bank would lend directly at very low rates to co-op businesses only; and like the Fed Reserve we have now, the borrowed money is simply printed into existence when it lends or buys assets to other member banks.
Whenever economic advancements were made were based on worker and employer relationship. Originally we had slavery. Then serfdom. Then mercantilism which included voluntary servitude. Then current casual employee relationship where you're just labor costs; and among the easiest cost to keep down; hence why share of revenue in most businesses labor is only 3% to 10%; share of overall costs is 5% to 15% for most business with some exceptions like easy entry businesses retail sales including fast food and restaurants. Which labor costs can range from 10% to 45% of costs; varies wildly because one shop or location generally never reaches any economy of scale.
Look up Richard Wolff.
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We've been doing this for almost 40 years, first Reagan who had to raise taxes and mostly on the lower brackets fucker, then Bush Sr who said read my lips no new taxes, and then raised them mostly on the lower brackets again. Then Bush Jr., and each time it doesn't do well for workers who have seen pay flat, benefits stupid dumb farce insurance, and no more pension, and the sick gimmick of 401K their matching is generally pathetic at 4% when it would really need minimum of 14% match to really be a retirement plan.
This never works. It's idiotic as saying, oh lets "trade" with dictatorship nations who have lots of essentially destitute slaves and play hot potato with them on producing, they won't buy shit, but maybe someday they will. Maybe. They won't because we play hot potato with those ass holes and switch to the next most destitute nation, and when that nation gets to big for its poverty britches we'll move back to the other place because it will be back to being as poor and desperate the first time we arrived... weeeeeeeeeeee!
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There should be a battery of knowledge tests from mathematics, basic chemistry, basic physics, basic law, civics of our federal/state government, basic economics, basic finance, basic world geography, basic geology, basic biology, and reading comprehension.
There is for any job in the military, air traffic controllers, pilots, commercial naval captains and seaman, water works operators, electricians, grid electrical operators and repair, sewer operators, aircraft mechanics, teachers, even vehicle mechanics.
But no empirical knowledge testing standards at all for political offices... that's fucking insane.
It's not too hard to exclude obvious constitutionally and law prohibited items: religion, race, sexual orientation, gender, etc. discrimination. But just empirical exams that EVERY other profession requires.
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