I want to go to America?

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

I turn on the TV and listen to my president. Democracy, free market, moderate interest rates, investments, developed stock market, liberalism, modernization … The more I listen, the more obsessive is the image of the American man in the street who chews popcorn and listens to his president.

Instinctively, I look out the window, thank God, the same cluttered yard and the homeless dog Savely. Again I listen to the president. Free trade, American experience, Silicon Valley, WTO, loans. Again I look out the window, as if looking for salvation, skyscrapers and American jazz appear behind the autumn fog. But, thank God, Savely is wet and hungry, still in his place. Turning off the volume, it gets a little lighter.

What do we know about American life today besides Hollywood glamor and McDonald's? Why is our president so sure that a democratic society is the only possible option for the future? Maybe we should take a closer look at the society from which we want to make tracing paper.

Once upon a time America made a dream come true. A dream of endless possibilities and amazing stories of dizzying wealth overnight. These fabulous landscapes of skyscrapers and festive lights, luxury cars and shops heaped with clothes for every taste. It was not even a fairy tale, it was heaven on earth. The ultimate dream lived in Manhattan no further than 5th Avenue. To live in America means to reach the shores of the promised ones. But it was so.

America today is still heaven, but for a very narrow circle of people. After the grandiose Reagan liberalizations in 1980, America has experienced unprecedented growth in the financial market. In the period from 1980 to 2008, its volume increased a hundred times! The world of financial speculation and their derivatives - derivatives, swaps, options, futures, has reached an unprecedented scale, turning America into a "Wall Street Casino". The market for real goods shrank to a paltry 12% of GDP. The absolute deregulation of the financial market allowed banks and all kinds of hedge funds to earn unprecedented profits. The financial lobby in America is considered the most powerful today. They are able to enact such laws against which Roman slavery is simply resting on the lawn. But what about ordinary people, once the middle class of America was considered the largest in the world? Today they call their life in America "compulsion by duty."

Life in today's "Promised Land" is impossible to imagine without loans. The most important document in America is not a passport or higher education diploma, but a personal "credit history". When applying for a job, first of all, they require a document on credit history. If everything in it is "ok", there will be no problems, and if not, then neither qualifications, nor experience, nor skill will save you. America seemed to be out of her mind. Over the past twenty years, the structure of credit relations has become so complex that it has become simply impossible to understand the jumble of bonds, swaps, credit defaults, securitized subprime loans, and other exotic financial derivatives. Trusting cunning brokers and bankers, people fall into total dependence on financial instruments, most of which do not understand at all.

For example, they open a line of credit for a certain amount of finance, and they send you a bank card in confirmation. You decide to use some amount from the proposed volume. For the amount of money you specified, you are assigned a discount rate, and its size is less, the less you use the amount from the agreed amount of the credit line. You use money and enjoy life. But at some point, the bank decides to reduce the amount of the credit line, it does not even discuss this issue with you, because there is such a thing as “universal default”. As a result, the amount you used as a percentage of the amount of the credit line increases. In accordance with the agreement, the size of the discount rate also increases, and not proportionally, but as the bank decides. As a result of this operation, your interest expenses on the loan increase dramatically. Of course, you can refuse payments and go to pay off the loan and return the card. But in America, that means ruining your credit history, which is a very serious jail in your personal file. This is how the mechanism of "coercion by debt" works.

But the given example is just one of hundreds of enforcement mechanisms. The most profitable is a credit overdraft. Overdraft operations are entangled in a complex mechanism in the form of penalties and fines. America today has a multi-billion dollar overdraft industry that generates hundreds of billions of dollars in revenue for banks. It is almost impossible for a borrower to understand the intricate algorithms of penalties and fines, and therefore hundreds of thousands of Americans fall under this mechanism every day. The growth of the overdraft interest rate can reach 10,000%! As the Americans themselves joke - the mafia takes cheaper.

I am reading a special report by T. Gurova at the Yaroslavl World Political Forum. "The most striking and successful example of organic modernization is undoubtedly the US project, within which it was possible to implement the concept of a society free from the hereditary elite, where everyone can succeed." Mrs. Gurova, apparently, raves about pictures from Hollywood films, otherwise how to perceive such maxims, and even in a scientific report. We read further: "… for a very long time and even after reaching an extremely high level of well-being of its citizens, allows the United States to remain an innovative country in spirit." And now I am reading an article by the American economist Michael Dorfman, it came out a little earlier than Gurova's report: “The world of financial speculation, derivative securities - derivatives, swaps, options and futures (forward transactions) became more and more complicated, and the financial industry wanted to insure itself against all attempts by the state introduce clear rules here.

This opportunity was given to them by the second law - "modernization" of urgent transactions. The law lifted restrictions on over-the-counter transactions, on the creation of speculative brokerage firms that play with stock values that they actually did not possess. Wall Street began to turn into a casino. Now that most Americans have lost 20-40% of their retirement savings in these games, Wall Street Casino has become a household name. At the same time they talked about modernization and liberalization, about the involvement of investors in national wealth, about a free market, about a society of owners. " Today, the total debt of American households on loans exceeds 300%! The economy is built in such a way that Americans simply have nowhere to earn money, it is impossible to pay off loans by working as a pizza delivery man. What is the innovativeness of this economic model, what is the innovative spirit? In unprecedented schemes of taking money away from the population? With an income of 70 thousand US dollars a year, it is impossible to generate retirement savings in America. And this amount is higher than the average salary in the United States.

All the power of the American model of economy rests on the power of the printing press. America could afford any expenses for any needs when the cost of a hundred dollar bill was less than three cents. Why is electronic money so actively promoted? Because their cost is beyond the bounds of economic calculations, in other words, they are not worth anything. Therefore, America can buy oil for free. And not only oil. Any other resources and goods. However, a similar effect has on the world economy, like a foreign body on a living organism. The body decays. What we see today. The monetary measures taken are like treating jaundice with diarrhea pills. And our elite is simply crazy about the American experience of cheating the people. They even write scientific reports, only there is no truth in these reports, as well as scientific logic.

Today, the main danger for American society, and in the future for Russian society, is the formation of the ideology of a free market, where all freedom is reduced to unlimited credit pressure. The idea is imposed on society that the bias towards the financial market is the freest market. The inflatable financial market began to spread throughout the world. This know-how has plunged a number of European states, Greece, Spain, Italy and others into a debt tailspin. The absolute absurdity is presented as the highest innovative mechanism. Credit Swap Volumes Reached 1.2 Quadrillion Dollars! This is twenty times the world GDP! Are these marvelous economists aware that such a pyramid could lead the free Western world to complete collapse? And our grief economists, what do they dream of - overdrafts? And we are offered to modernize in the American way, but we do not have a printing press. For us, this is eternal slavery.

It's time to think with your own head, it's time to return to the rational and end with this capitalism.