STAFF NEWS & ANALYSIS
Vox Article: Silly Slow-Growth Speculation Avoids Central Bank Blame
By - August 02, 2016

The big puzzle in economics today: why is the economy growing so slowly? …  The growth of the US economy keeps falling short of expectations. On Friday, we learned that the US economy grew at an inflation-adjusted rate of 1 percent in the first half of 2016. That’s the slowest six-month growth rate since 2012, and it continues the slow growth that has characterized the recovery since 2009. So what’s going on?-Vox

Vox has published a longish analysis of reasons why the US economy is growing so slowly.

Of course, we don’t think the economy is growing at all. The US is in a depression.

The article doesn’t characterize the economy that way. Instead, it cites detailed reasons for slow growth. But it never addresses the real reason the US economy is dysfunctional.

The mainstream media continually forfeits trust when it posts articles like this one. Of course, no doubt we shouldn’t expect much from Vox whose founders reportedly include Markos Moulitsas, creator of the CIA-affiliated Daily Kos – see HERE and HERE.

According to Wikipedia, “Vox Media, Inc. is headquartered in Washington, DC and New York, New York with offices in Los Angeles, Chicago, Austin, and San Francisco. The network now features over 300 sites with over 400 paid writers.

Vox would seem to be yet another example of how the CIA extends its reach in the media and influences news coverage as well.

If this article had been written in the 20th century, it might have seemed like a serious financial speculation. But in the 21st century when millions understand the real reasons for US economic failure, the article seems, well … crazy.

More:

The weakness of the recovery has been surprising because conventional economic theory says that the bigger an economic downturn is, the bigger the subsequent boom will be.

And the 2009 recession was the worst in decades, so post-2009 growth should have been massive.   Instead, the US economy has turned in its weakest performance in decades. Here are eight of the leading theories.

Here are theories that Vox provides, in order.

-We’re running out of innovations

-There’s too little spending

-Bad corporate governance

-The economy is weighed down with debt

-Excessive regulation is holding back growth

-There’s too much housing regulation in big cities –

-The economy is becoming dominated by big, incumbent companies

-A slow-growing, aging population is hurting growth

The only of these theories that travels near the truth is “There’s too little spending.”

This “theory” mentions the Federal Reserve and its supposed reluctance to print enough money for the economy to operate properly. It also deals with the idea of “economic stagnation” – again, a result of a lack of money, supposedly.

There is no mention however that creating a money monopoly is inevitably ruinous. Only marketplace competition can correctly value money. Any other form of money production inevitably leads to catastrophe.

Of course, there are other reasons why the US is suffering from slow growth besides monetary ones.  And why some 100 million Americans are not working in a formally recognized manner. And why 40 million Americans are on food stamps.

The nation is over-regulated and over-licensed. And, yes, the US judicial system has created a legal environment that encourages the creation of big business. We’ve often mentioned that, see HERE.

But the real reason is very obviously monetary.

How can you write an article about economic stagnation without mentioning the horrendous effects of monopoly central banking?

It is a simple article to write. We can do it right now.

You begin by mentioning that creating a monopoly on monetary production is inevitably going to lead to monetary debasement.

Monetary debasement, over time, leads to tremendous surges in all kinds of economic activity. This is referred to as economic growth, though it is no such thing.

Overly low interest rates lead to economic distortions including over-production throughout the economy. The economy then crashes leaving numerous companies bankrupt.

The central bank then prints money to ensure larger companies and banks don’t go out of business. This leads to investor mistrust because no one knows what companies and banks are solvent.

The economy is now effectively frozen.

There will be no recovery for a long, long time. Or until the central bank decides to let banks and businesses collapse.

But the people running these banks and businesses are all cooperating to “prop up the system.”

It is a system of control and corruption. If the system dies, then the current elites lose power. And so the word goes out: We need to save the system so it doesn’t collapse.

But it should collapse.

At the very top, many are empowered by monopoly central banking, yet the central bank monetary monopoly is the root cause of the problem.

The real solution to the US’s current dysfunction and economic stagnation is to stop printing money and let ruined businesses and banks undergo well-deserved implosions.

Put central banks out of business. Let marketplace competition determine the value and volume of money. Let the economy grow without the hype and over-stimulation of too much money printing.

An economy stripped of monopoly money stimulation would grow more slowly and the frippery of “consumer products” would be reduced.

If intellectual property (patents and copyright) were stripped of judicial enforcement, growth would be further stabilized because large companies would lose monopoly advantages.

Couple this with removing “corporate personhood” and the dominant form of business organization would probably turn out to be limited partnerships.

These smaller entities would link up as necessary to create large industrial products. Economic structuring would be a lot more flexible and innovative. Control would be lessened. Real entrepreneurship would be increased.

Conclusion: Avoiding this reality of central bank destructiveness doesn’t make it go away.  The demise of central banking can be put off … but not forever. In the meantime, Vox and other mainstream and quasi-mainstream publications forfeit credibility and readers with articles like this one. Perhaps such publications will die along with the destructive banking practices they support.

 

 

 

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  • The wholesale problem and its only viable solution with a resolution to lead a vibrant reinvigoration of industry to server at the altars of pleasure and prosperity, DB, succinctly put in words which all with a titter of wit and sliver of intelligence can understand. Bravo.

    And it is creating a major catastrophe for those systems and elite players who/which are foolishly choosing to avoid any fundamental change of programming and projects.

  • Praetor

    The mainstream and quasi-mainstream have collapsed, just like the economy. It is only being held up by wood and that wood is in the form of paper, waiting for a match. When that match is lit no more theories of how it should be. The reality will hit us all in the face and hard. No more dream time!!!

  • JohnnyZ

    I generally agree with DB.

    I want just to add that focusing on CBs omits a large part of the picture. Most
    of the money printing in the economy (95% – at least before serial QE started)
    happens by commercial banks granting credit. Thus CBs are a central hub that
    acts as an insurer and central planning bureau of the (commercial) banking
    cabal, plus it masks as a govt institution and helps fund govt debt.

    Even if you dismantle CBs, FRL will still give (commercial) banksters about 80%
    of their current power. CBs are owned by the owners of the commercial banks and
    serve their interests first. CBs will not need to exist (in their current form
    and function) if there were no FRL. CBs stand on the shoulders of giants, the
    commercial banks.

    The collusion b/w banksters and the state, using the trojan horse of the CB, allows for cartelization of the economy, cronyism, overregulation etc. Even corporations are used by parasitic CEOs, focused on short-term gains for themselves, while destroying value. The biggest problem of the economy is not insufficient demand (a Keynesian fallacy), but overextension of the (Kondratieff) credit cycle + utter moral roth & corruption + an increasing stake of govt in the “economy” (where it does not belong and should not be counted at all).
    These are all symptoms of the bigger problem – our societies, our planet is ruled and structured by satanists / masons / illuminati / Zionists / psychopaths / aliens / reptilians – call them what you like. They control govt, banks, CBs, media, big corporations, courts, police, military, NASA etc.

    • Hi, JohnnyZ,

      Being mindful of all that you have shared, and recognising the growing increasingly dangerous and ultimately violent problems for established fiat dependent systems and leaders/spokespersons intransigently wedded to the present course, with there being no evidence of their providing a viable solution/resolution for their retention and exercise of future command and control, is one easily led to believe that they lack the necessary intelligence, which is surely simply absolutely fabulous advice/mentoring with delivery of a running series of narrative for media supply of …… well, virtual realities to be accepted and believed as natural, and that makes them vulnerable to all manner of exploit by that and those more than just able in the noble and quite secretive art.

      Such vulnerability though would be/could be transformed into a almightily advantageous strength to aid their resurrection with their buying in of required services and personnel. After all, it is not as if billions of dollars is anything valuable and difficult to find and deposit where necessary. Nowadays can such things be done practically, virtually instantaneously with nothing more than just a few numbers being needed to direct funds to program and project suppliers.

      And that is a virtually everything solution for practically nothing payment resolution.

      • And an added danger and highly probable eventuality in the case where such a solution and radical opportunity is ignored, whenever it be offered to even one and a handful of key instrumental players imagined to be a remote command and control of established systems of governance, …. for the course of least resistance and maximum assistance would perversely dictate that such collapsing systems admins in dire peril be warned and advised of available fates and more intelligently designed outcomes ……. is that they be justifiably classified as an ignorant and callous enemy to be ruthlessly eliminated and outlawed with attractive bounties placed upon their ugly heads.

        SMARTR Hearts and NEUKlearer HyperRadioProActive Minds at AI and IT Work, REST and Great Games Play are not immune nor totally reluctant to engage with Anonymous Autonomous Action and Radical Fundamental Reaction when called upon to remove a Future Blockade.

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