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posted ago by defiant_liberty ago by defiant_liberty +19 / -0

The thing is, the left just didn't magically happen one day, they happened because we are financing them. The watered down money the Fed pumps into the system, at below market interest rates, finances the survival of leftist lunatics no matter how stupid they are. It's not a coincidence that as interest rates are at record lows, unproductive debt and craziness are at record highs. It's not a coincidence that as the Fed rushes to the rescue to stabilize every market, that things are more unstable than ever politically. The market is not being allowed to purge unproductive activity, which eliminates systemic financial risk, but explodes social and political risk.

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defiant_liberty [S] 1 point ago +1 / -0

I couldn't but help to think that if the US dollar was taken off gold by presidential directive, then why can't it be put back on. If Trump remonetized gold at $20000/oz all hell would break lose, but at least we wouldn't be ripped to shreds financing our own destruction.