Originally Posted by
Steven Douglas
I don't argue from that premise, because I know that the earth revolves around the sun because the sun has orders of magnitude more mass than the earth, and not the other way around. Applying critical thought, debasing the currency is a phenomenon that is centrally decided by a few, with myriad effects on the whole and all its billions of individual parts, while consumerism in any form is ultimately decided at the individual level, and is only exacerbated in myriad ways by that debasement, and the policies surrounding it.
For example,
Foreign countries since 1973 are forced to acquire debased US currency for their oil needs, which can be expensive if they have to buy that currency directly on the open market exchange. So they export a bunch of cheap $#@! to us instead, siphoning those needed dollars directly from consumers here and out of this economy, as we export part of our inflation to theirs.
Joseph has the naive thought that if everyone simply stops buying all the cheap $#@! that shows up on shelves here, that the problems of the world will be solved, and the world will be right as rain. But that tail doesn't wag that dog, which has millions of tails. Even if Joseph could exert a more powerful influence than all the advertising and concomitant consumer desires in the world, and he could curtail the desire for any wasteful consumption on anyone's part, he would only succeed in getting people to stick it to themselves, not "the man", and not "the disease". That is because most of those "consumption vanity" goods are manufactured overseas, and involve both foreign and domestic employment (you know, where those consumer dollars being spent are actually earned). The net effect would only be crippled micro-economies, both here and around the world, with more unemployment, and defaults on all the debt-money that is being created regardless. Who's not as effected by that reduction in revenue? A deficit spending government, for one. Meanwhile, the entire currency debasement machine behaves in a way that protects and insulates non-consumer based government spending and banking interests. So government is unaffected, and failing banks are propped up (as they are now), because both are Too Big And Too Important To Fail.
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