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Thursday, October 30, 2014
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Political Brinksmanship...Just Wait Until January
    by ALMARTIN (AL MARTIN RAW.COM)

 Political Brinksmanship...Just Wait Until January (10-17-13) In the post-war regime there were fundamental changes undertaken as to the manner of the structure of the planet’s economy. The planet effectively abandoned the pre-war model which was sustainable, i.e. savings-generated economic growth.

What governments wanted to do in 1946 -- and what they had to do to some degree because otherwise the United States would have ended up controlling the world and would have been responsible for it -- was to engineer a post-war economic boom. This couldn't be done by maintaining a pre-war model of savings-generated economic growth which can only produce about a 2% annual GDP. Suddenly everybody wants a 3-4% annual GDP in order to pay down the accrual of wartime debt in the allied countries.

"The people" don't count in any equation. As George Bush accurately observed, they're just the fodder that makes everything work. They don't determine the direction of any policy. They are just the fodder that produces the tax revenue, which the government depends on.


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