Joe Biden’s electability meets the voters, with the same historical results as always. Meanwhile, President Donald Trump, comes off his impeachment with record high popularity, awash in so much winning. Let’s take a look at the post-impeachment landscape with a look toward the 2020 election with Bill Whittle, Stephen Green and Scott Ott. Have you signed up for our 3-night Caribbean cruise yet? http://bit.ly/StratoCruise2020 Are you already a Member? https://BillWhittle.com/register/
The 2020 Canadian Outlook Report this year covers the Canadian economy, REPO Crisis, the rising Separatist movements, and the Canadian debt crisis as well as an update on the real estate trend. For the Canadian investor, you have to mindful of not just the direction of a given market, but how that market will perform in Canadian dollars.
For this reason, we face both a debt crisis with rising interest rates and a currency crisis. You will also find the forecasts for the C$ cash and futures, the TSE share index in C$ and US$, the S&P500 in C$, Gold in C$, Crude Oil in C$, Canadian bonds and 90-day paper. We have provided the Canadian outlook for this year from a broad perspective.
Here we have provided the perspective of the Canadian markets to American investors and the prospects for gold and crude oil in terms of Canadian Dollars.
President Trump and Ecuadorian President Lenin Moreno deliver remarks to the press pool prior to a bilateral meeting in the White House. [Video and Transcript Below]
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[Transcript] – PRESIDENT TRUMP: Well, thank you very much. It’s great to be with the President of Ecuador — and it’s one of the most beautiful countries in the world — and perhaps equally as important, and maybe even more importantly, your great First Lady. Thank you very much for being here. This is a tremendous honor. Some of the most beautiful landscapes in the world and one of the most beautiful places on Earth, they say. I’ve heard that for a long time.
And we are working on trade deals, we’re working on military options, including the purchase of a lot of our military equipment. We do make the best equipment in the world, by far. And we’re negotiating some very important pacts between Ecuador and the United States.
So, Mr. President, Madam First Lady, thank you very much. Thank you very much. Appreciate it. Please.
PRESIDENT MORENO: (As interpreted.) I would like to first thank everyone for — especially Mr. President, for his kindness and to invite us over to talk about these very important topics — topics which are common to both countries. I’d like to thank the President for the warmth with which he has greeted us.
And I have to stress the fact that our relationship between Ecuador and the USA is a relationship of fraternity that has been going — that dates back a very long time.
We actually have taken the foundational principles of the U.S. to — as a basis for our own foundational principles to create the first Republic of Ecuador.
We are going to be discussing issues that are common to both nations, such as democracy, liberty, freedom, respect of human rights, the fight against organized crime, the fight against drug trafficking, the fight against corruption.
And we are going to also be speaking about the importance of investment, trade, technology transfer that are all common principles to us. We know that both our peoples want to be governed with justice and equality, and that is what both of us are striving for.
PRESIDENT TRUMP: We want to thank you very much. This is a great honor to be with you.
Okay. Do you have any questions? Yeah.
Q On Roger Stone, sir. On Roger Stone: Isn’t your tweet political interference?
PRESIDENT TRUMP: No, not at all. He was treated very badly. Nine years recommended by four people that — perhaps they were Mueller people. I don’t know who they were. Prosecutors. And they — I don’t know what happened. They all hit the road pretty quickly.
Look, you had somebody — just recently, you saw what happened. He got two months. He got sentenced to two months for leaking classified information at the highest level.
Q Who’s that that you’re referring to?
PRESIDENT TRUMP: They treated Roger Stone very badly. They treated everybody very badly. And if you look at the Mueller investigation, it was a scam because it was illegally set up. It was set up based on false documentation and false documents.
If you look at what happened — how many people were hurt. Their lives were destroyed. And nothing happened with all the people that did it and launched this scam. Where’s Comey? Why — where is Comey? What’s happening to McCabe? What’s happening to Lisa and — to Pete Strzok and Lisa Page? What’s happening with them? It was a whole setup, it was a disgrace for our country, and everyone knows it too — everyone — including NBC, which gives a lot of fake news.
The fact is that Roger Stone was treated horribly and so were many other people. And their lives were destroyed.
And it turns out — if you look at the FISA warrants and what just happened with FISA, where they found out it was fixed, that it was a dirty, rotten deal. So when you look at that, and you see what happened to Roger Stone —
But think of it: A man leaks classified information — highly classified. They give him two months — Roger Stone — for doing — nobody even knows what he did. In fact, they said he intimidated somebody. That person said he had no idea he was going to jail for that. That person didn’t want to press charges. They put him in for nine years. It’s a disgrace.
And, frankly, they ought to apologize to a lot of the people whose lives they’ve ruined.
All right. Next question. Go ahead.
Q Mr. President, it’s the first time —
Q Mr. President —
PRESIDENT TRUMP: Yeah. Please, Steve.
Q — are you considering a pardon for Roger Stone?
Q — that (inaudible) official visit —
PRESIDENT TRUMP: Wait, wait, wait. What?
Q Oh, sorry.
Q Are you considering a pardon for Roger Stone?
PRESIDENT TRUMP: I don’t want to say that yet. But I tell you what: People were hurt viciously and badly by these corrupt people.
And I want to thank — if you look at what happened, I want to thank the Justice Department for seeing this horrible thing. And I didn’t speak to them, by the way, just so you understand. They saw the horribleness of a nine-year sentence for doing nothing. You have murderers and drugs addicts; they don’t get nine years. Nine years for doing something that nobody even can define what he did.
Somebody said he put out a tweet, and the tweet — you based it on that. We have killers, we have murderers all over the place — nothing happens. And then they put a man in jail and destroy his life, his family, his wife, his children. Nine years in jail. It’s a disgrace.
In the meantime, Comey walks around making book deals. The people that launched this scam investigation — and what they did is a disgrace. And, hopefully, it’ll be treated fairly; everything else will be treated fairly.
Q Sir, aren’t you speaking — aren’t you speaking to the Attorney General through your tweets?
Q Mr. Donald Trump —
PRESIDENT TRUMP: Go ahead, please.
Q (As interpreted.) Mr. President, I’d like to congratulate you for the macroeconomic indicators; they’re excellent. But in that number, the growth expectations are going down, especially for the growth in Ecuador, which is at zero. How can we help Latin American economies? How can we help Ecuador, Mr. President? And congratulations.
PRESIDENT TRUMP: Well, thank you. I love that question. I wish we had some people like that here. He’s congratulating us on our great success as a country. And I want to congratulate you, too, because what you’ve done in Ecuador and your President have done a fantastic job. Thank you very much.
Q Mr. President, are you concerned about the four prosecutors?
Q Thank you, Mr. President —
PRESIDENT TRUMP: I’m not concerned about anything; concerned about nothing.
Q Does it show that there’s something wrong at DOJ?
PRESIDENT TRUMP: I’m not concerned about anything. They ought to go back to school and learn, because I’ll tell you, with the way they treated people, nobody should be treated like that.
Go ahead.
Q Mr. President, thank you so much. It’s been 17 years since the last time a President from Ecuador visited the White House and a President of the United States did an official visit with them —
PRESIDENT TRUMP: And when was it? When was it?
Q Seventeen years ago.
PRESIDENT TRUMP: Wow.
Q It was with George W. Bush in 2003. What changed now? What is your specific interest with Ecuador now?
Thank you, Mr. President.
PRESIDENT TRUMP: She did a good job. Go ahead. I think I understood it.
PRESIDENT MORENO: (As interpreted.) Ecuador has — after having gone through very hard times, and especially in regards to its international relationships — has decided to come together again with the international community and bring refreshed relationships to those who are — who have the same way of thinking as we do. We wanted to come closer to them.
(Continues answer in Spanish.) (Interpreter pauses translation.)
(Cross-talk by reporters.)
PRESIDENT TRUMP: Don’t interrupt. Don’t interrupt.
(Interpreter resumes translation.)
PRESIDENT MORENO: (As interpreted.) We need to remember that the USA is the main trade partner for Ecuador. And this is not only in terms of trade, but because we share many common values such as the love for liberty, democracy, justice, solidarity, fraternity, and the respect of human rights.
PRESIDENT TRUMP: And I can tell you the thing that has changed from our standpoint: We’re the number-one economy in the world, by far. We’ve never done better. We have the strongest markets we’ve ever had. The market is up very substantially today: 250 points, when I last looked.
And our country has never done better, militarily. We’ve rebuilt our military. We’ve cut our taxes; we’ve cut regulations at a level that nobody has ever been able to cut them.
And our country is doing great, and we’ve really reestablished a lot of relationships, but we have certainly reestablished it with Ecuador. Ecuador had a very unusual outlook on life, but with your great President, he realizes how important it is to get along with the United States.
And I want to just congratulate him, because our relationship is very good. He’s made tremendous progress.
Q Mr. President, are you open to working on a trade deal with Ecuador?
PRESIDENT TRUMP: Yeah, sure, we will. And they have incredible product. And they grow it and they make it, and we like it. So, we will. Sure. And they need our product, too.
Q Is it going to be like the USMCA? That’s your model for that?
PRESIDENT TRUMP: Well, that’s a great model. We just finished that, and it’s a great model with Mexico and with Canada. USMCA has been very successful. Already, the fruits are really taking place. You take a look at what’s happening in terms of the kind of numbers we’ll be doing with the USMCA. And this, on a much smaller scale, would be interesting. We are looking at that kind of a model, yes.
Q And on Venezuela, are you going to talk about that? And are you worried about the assault on Juan Guaidó yesterday when he arrived in Caracas?
PRESIDENT TRUMP: Yeah, we’ll be looking at and talking about Venezuela. And it’s always close to our heart. We have millions of people from Venezuela living in the United States very successfully. They love our country and they love Venezuela. We’ll take care of the Venezuelan people.
Q Sir, some Republicans said they hope you learned a lesson from impeachment. What lesson did you learn from impeachment?
I think you were — you weren’t chosen. Steve, go ahead.
Q Thank you, sir. The Filipino President decided to —
Q (Asks question in Spanish.)
PRESIDENT TRUMP: Excuse me, one second. We’ll do this gentleman and then you. Go ahead. Steve?
Q The President of the Philippines decided to sever a U.S. military pact with the United States. What was your reaction to that, sir? Is there anything to convince him otherwise?
PRESIDENT TRUMP: Well, I — I never minded that very much, to be honest. We helped the Philippines very much. We helped them defeat ISIS. I get along — actually, I have a very good relationship there. But I — I really don’t mind. If they would like to do that, that’s fine. We’ll save a lot of money. You know, my views are different than other people. I view it as, “Thank you very much. We save a lot of money.”
But if you look back — if you go back three years ago, when ISIS was overrunning the Philippines, we came in and, literally, single-handedly were able to save them from vicious attacks on their islands. But I haven’t heard exactly that, what you — the way you expressed the question.
And my relationship, as you know, is a very good one with their leader. And we’ll see what happens. They’ll have to tell me that.
Q Thank you, and good afternoon, Mr. President. (Asks question in Spanish.)
(Repeats question in English.) My question is about security. We know that Ecuador has a problem with narco-traffic and some other problems. So one of the topics you’re going to talk about is security. I want to know what Ecuador wants to learn from the United States in that topic.
PRESIDENT TRUMP: Well, we’re doing very well on our southern border. We’re doing incredibly well. We built over 100 miles now. It’s substantially more than that, of wall. Very powerful wall. It’s got all sorts of protections on it. We have alarm systems, we have lighting systems, we have everything you can have. It’s pretty much the ultimate of what you can do in terms of that. We have great protection. We have great protection with our military.
We’ve been dealing also with Mexico. Mexico has 27,000 soldiers on our southern border, and they’ve been great. And we just set another record. As you saw, the numbers have come way down in terms of people coming through our border. Way down. They’re going to be very low.
And after the wall is complete, even in the areas where we’re now over 100 miles, incredibly, the traffic has virtually stopped. It’s come to a halt. The wall has been a tremendous — a tremendous thing.
So we’ll have that finished by the end of next year. And sometime during next year, we’ll have it finished. And we’ll probably be up to close — by the end of this year, close to 400 miles of wall. And it’s made a tremendous difference.
So we have great security. We’ll be discussing with Ecuador their situation and their security. They do have a problem with the narcos, and that’s not good. And we will be working with them to help, okay?
Q (In Spanish.)
Q Mr. President, why (inaudible) nomination?
PRESIDENT TRUMP: One second. She’s going to just answer the question.
Q He’s going to answer my question.
PRESIDENT MORENO: (In Spanish.) (No translation provided.)
PRESIDENT TRUMP: Last night, as you know, we had a very interesting election, and from the standpoint of the Republican Party and myself, but from the standpoint of the Republican Party, it was a tremendous success. I got more votes than any incumbent President in many decades. That includes a lot of Presidents. And it was really incredible — the love in New Hampshire.
And, by the way, we did the same thing in Iowa, and we were actually able to quickly count our votes. We knew within minutes after the poll how many votes we had, unlike the Democrats.
So we had a tremendous success in Iowa. And last night, we had a tremendous — a very powerful success in New Hampshire. So it was a great honor.
But setting that record in both states was terrific, and now we’re off to some areas that I like very much: Nevada, you look at that; South Carolina, you look at that. And I think we’re going to do very well there. Probably setting up a major rally in South Carolina. We already have one in Nevada. So we’ll be in those two locations, and we’ll be at a few others also. But it’s been incredible.
The rally we had in New Hampshire and in Iowa — again, it was almost the same; it was — they were both spectacular. You could have put them in a big stadium. We were already in large arenas, but you could’ve put them in a big stadium. We could’ve sold it out numerous times, so it was really, really terrific. And we appreciate it. Yeah, we appreciate it.
Q Who is the Democratic front-runner, sir?
PRESIDENT TRUMP: That’s a good question. I would say Bernie looks like he’s doing very well.
Q Why is he surging?
PRESIDENT TRUMP: I think people like his message. He’s got energy. His people have energy. But they like his message. But a lot of people don’t like that particular message. But there is a group that probably agrees with it. And, you know, whoever it is, we’ll take them on. But it would certainly seem that Bernie Sanders has the advantage right now.
Q Will you debate whoever wins? Will you debate whoever wins?
PRESIDENT TRUMP: Sure. I look forward to it, actually.
Q Lisa Murkowski, moments ago — Lisa Murkowski, earlier, said that you shouldn’t have gotten involved with the Roger Stone case. She said it’s just bad. Some Republicans have said they hoped you would learn a lesson from impeachment. What lesson did you learn from impeachment?
PRESIDENT TRUMP: That the Democrats are crooked. They’ve got a lot of crooked things going. That they’re vicious. That they shouldn’t have brought impeachment.
Q Anything about yourself?
PRESIDENT TRUMP: And that my poll numbers are 10 points higher because of fake news like NBC, which reports the news very inaccurately. Probably more inaccurately than CNN, if that’s possible. “MSDNC” and you’re “MS…” and if you take a look at NBC. No, I think they’re among the most dishonest reporters of the news.
Okay. Thank you very much, everybody. I appreciate it. Thank you very much. Thank you. Thank you very much.
Earlier today President Trump and First Lady Melania Trump welcomed the President of the Republic of Ecuador and Mrs. Rocio Gonzales De Moreno to the White House.
Ecuador is a key country for stability in central America. A key topic of discussion between the two leaders will be Venezuela. Ecuador is suffering firsthand the effects of Nicolas Maduro and his dictatorship in Venezuela with waves of economic migrants from Venezuela arriving through Colombia to Ecuador. The refugee crisis represents a fiscal strain and also a security threat. There are 400,000 Venezuela refugees in Ecuador.
Counter-narcotics and a trade agreement are also a priority for this meeting. The United States and Ecuador are very close to a free trade agreement. USTR Robert Lighthizer has held a successful round-one negotiation for trade and investment with the Ecuadorian Commerce Ministry; and a second round is likely very soon.
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Ecuador and the United States are working toward an energy and infrastructure framework agreement under America Crece. Brazil is likely to join in March and they will join Panama, Chile, Argentina, Jamaica, Colombia, El Salvador, and hopefully Ecuador.
Interesting conversation. President Trump’s 2020 Strategic Communications Director, Marc Lotter, appears for an interview with Stu Varney and discusses Trump’s reelection campaign and performance last night in the New Hampshire primary.
Mr. Lotter highlights some upcoming Trump rallies and events being coordinated by the reelection campaign in key 2020 states. Additionally, Lotter highlights the New Hampshire result last night showing President Trump receiving far more votes than any incumbent president in history.
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It’s also worth noting that during the 2016 GOP primary contest in New Hampshire President Trump received 30,000 more votes (against Marco Rubio, Ted Cruz and Jeb Bush) than Bernie Sanders received last night (against Pete Buttigieg, Elizabeth Warren and Amy Klobuchar) during the Democrat primary.
Earlier today President Trump signed a bill supporting the retraining and re-skilling of military service members for important Science, Technology, Engineering and Math (STEM) jobs. S. 153, the “Supporting Veterans in STEM Careers Act,” which promotes veteran participation in science, technology, engineering, and mathematics (STEM) education, computer science, and scientific research.
At the conclusion of the remarks celebrating the bill, President Trump took questions from the media (press remarks @21:10) [Video Below – Transcript Will Follow]
During the press portion President Trump took questions on a variety of topics to include the DOJ, the outrageous Roger Stone sentence, Michael Bloomberg, the upcoming trip to India and interestingly President Trump says he is aware who “anonymous” is, but doesn’t want to say… “you’d be surprised, you’d be surprised”. Much more:
THE DEMOCRATS’ VERY BAD, ROUGH WEEK. TRUMP “DOG WALKS” THE DEMOCRATS!
PRESIDENT TRUMP HAD HIS BEST WEEK IN HIS PRESIDENCY. AND IT KEEPS GETTING BETTER!
Impeachment FINALLY ended with Trump being acquitted..FOREVER! Adam Schiff’s impeachment trial was an epic fail.
Mitt Romney voted “guilty” on one of the impeachment articles and will NEVER be re-elected!
The Democrat Caucus in Iowa ran by the DNC was a complete disaster. Who won Iowa? No one knows to this day…
Trump takes out ANOTHER top terrorist in the middle east, specifically Qassim al-Rimi leader of Al Qaeda in Yemen.
Nancy Pelosi gives the gift of endless Trump campaign commercials when she rips the SOTU speech in half in her staged political stunt.
Bloomberg is called out as being racist by the left.
Joe Biden calls a New Hampshire voter a “lying dog-faced pony soldier”, and he needs every vote he can get as he has slumped into fifth place in the polls.
Trump poll numbers hit the highest of his presidency.
The RNC raises a cool $117 million since impeachment began.
Trump secures funding for 1000 miles of southern border wall.
Trump fires the Vindman brothers, Ambasador Sondland and scrubs 70 Obama holdovers in the NSC.
White House IDs anonymous mole staff member who wrote NYT post and book, will remove.
Robert De Niro goes home a loser at the Oscars ( ratings hit all time low)
Anyone who has been traveling these past few years will notice the changes in tourism. Back in the ’90s, the number one tourist group was clearly Japanese. As their economy imploded thanks to government mismanagement, the next group was the Russians. When I was in Venice a year ago, there are a couple of performances that alter back and forth in St Mark’s square at night. They were still playing Russian songs when the only tourists there were Americans and Chinese. When I asked them why they were still playing Russian songs, he responded he would play New York, New York. I replied you don’t go to Venice to eat McDonalds.
The Chinese tourists outnumber Americans at least 2 to 1. There were no Japanese and I never saw any Russians there either. The #1 tourists around the world are always from the hottest economy. So with the coronavirus, Chinese tourism has come to a complete halt. This will have a negative impact on the economies dependent upon tourism.
Yes, the political situation in our country is out of control and you are right, there is no turning back.
But this truly pales in comparison to what is happening in the financial markets today. It looks to me like the Fed has aided and abetted this ridiculous surge in stock prices. The phase we are in started back in early 2016 when we were plumbing new lows. The blinked. Then as they tried to raise rates in 2018, the marked puked and once again, they blinked. Less than a year later we have the REPO Crisis which you have discussed many times. At your WEC in Orlando, you stated one of the problems today is “the paradox of solution”, which I found brilliant…every solution to a crisis produces an even worse result later. Then you mentioned this: That politicians in office today have even less experience, that those in the know are leaving letting those in charge impose solutions that don’t work.
Marty, all of this is adding up to those in charge of debt and rates, the Fed, now being incapable of dealing with reality. To me, it’s worse than politics. The markets seem to be telegraphing an inflation ahead and a collapse in debt markets at some point. But you have always used the 1920’s as a sort of analogue to our times, claiming at some point the Fed will be forced to raise rates, realizing too late they have goosed markets and are now losing control. I just don’t see it. Nothing in the current makeup of the Fed indicates they understand the issues. Not them, not anyone in government will let weak companies fail, banks even less. There is no will in this country anymore. No one can take the pain. The Fed seems like they want to bail out everyone.
Your thoughts?
M
ANSWER: I understand that the traditional view states that cheap money means people will borrow to buy stocks. That entire theory is very naive. However, when we actually look at the data, that market myth evaporates in sunlight. We have been making lower highs in broker loans, which shows what I have been saying all along — this is the MOSTHated Bull Market in History! We are nowhere close to the highs of 2007.
The market has risen NOT because of cheap rates but on a capital flight from just about everywhere into the US dollar. The Fed has been baffled because they initially were looking at that market myth. But they see there is no validity to that theory. They are focused on the problem that negative interest rates in Europe and Japan have created. The slightest uptick will be devastating to those economies, not to mention the losses on the outstanding long-term bonds which negative yields.
It is by no means creating future inflation. What it is creating is a future collapse in confidence with respect to the governments actually being in charge of the economy. This is why I wrote that book, “Manipulating the World Economy.” This is all coming to an end. We are looking at, not inflation, but a massive shift in investment strategy from public to private. The Fed cannot raise interest rates to prevent a rally without undermining the sovereign debt globally. The game has changed. The politicians will brow-beat the Fed because the Democrats are really Marxists and will scream at the Fed because their low rates are benefiting the rich. They are beyond brain-dead. The politicians are incapable of understanding the problem and they have become so confrontational that we can guarantee there will be no understanding reached because they are absorbed by this class warfare
QUESTION: Dear Mr. Armstrong, I am following your blog while living in the Netherlands and first of all I would like to express my deep admiration for the work you have been doing for so many years. And yet…..I have my doubts. Your company name involves the term “economics”. And when I read your blogs you seem to favor “economics” and “economic growth” above anything else. I know this is a worldly view. But could it be – with all the changes that are taking place – that let’s say twenty years from now we have reorganized ourselves and that we value other things in life? Is there any data that supports this view?
J
ANSWER: The actual term “economics,” I believe, was plagiarized by Adam Smith’s teacher Francis Hutcheson (1694-1746), who translated a book by the Greek Philosopher Xenophon (c. 430–354 BC) who wrote Oikonomikosaround 400 BC. This work was basically how to manage your estate for dummies. Hutcheson called his Book III “The Principles of Oeconomics and Politics” giving birth to the word “economics.” The word’s Greek “Oikonomikos” stems from the compounded form of “oikos”(ancient Greek: οἶκος, plural: οἶκοι, English prefix: Eco) which was the equivalent of a household, house, or family, combined with “nomikos” which means the law or to regulate/manage. Therefore, Oikonomikos meant to regulate/manage the household or villa estate in those days. Francis Hutcheson, the teacher of Adam Smith, copied Oikonomikos virtually chapter by chapter which included how to manage your wife.
It was also Xenophon who proposed the first public corporation for a bank that would be formed by shares subscribed to by all the Athenian people. Commerce was seen as more important than even agriculture. Xenophon proposed a public bank that would lend at interest to expand the economy. He proposed that the profits would be used to pay for public works. During the reign of Augustus (27 BC-14 AD) in Rome, there was such a public loan bank, but not subscribed to by individual members of society. This public bank provided loans to the poor without interest and it was funded by the confiscation of property from those alleged to be criminals, which included political dissents as well. Collateral was required at twice the amount being borrowed. These types of public banks aided the purchases of land.
Even the committee in Congress known as the Ways & Means in the House of Representatives is the tax-writing committee. Members of the Ways and Means Committee are not allowed to serve on any other House Committee unless granted a waiver. The House Ways & Means Committee has jurisdiction over all taxation, tariffs, and other revenue-raising measures, as well as a number of other programs including Social Security, unemployment benefits, Medicare, the enforcement of child support laws, temporary assistance for needy families, and foster care and adoption programs. This is the committee that is named after the chapter of Xenophon’ work.
Therefore, against this backdrop, the term “economics” does not imply any specific type of system. You have everything from Smith, Ricardo, Marx to Keynes all lumped together under this same category. The economy will always change and evolve over time. So I am using it in this context. Xenophon’s world was all about how to manage an agrarian estate. So things will change with time, technology, and population.
The principle “economic growth” implies also population growth. The economy must grow to accommodate population growth. That is why communism fell because they arrested economic growth by divorcing it from population growth and then it must collapse. It is not something that is exclusive to “materialism” but reflects civilization and people coming together. Under feudalism, Rome collapsed into simple feudal states, and although they minted some coins, they are rarely discovered more than 30 miles from their origin. That is strong evidence that the economy collapsed and there was no interaction between these small states. Thus, you had low economic output or growth.
Even in Star Trek, money was eliminated and people simply used electronic credits – cryptocurrency. That is perfectly reasonable for the long-term future. The economy simply reflects the exchange of money (whatever form it shall take) for labor of the average person. The “rich” get richer from INVESTMENT which creates the economic growth vital to expand and accommodate the expansion of the population. It does not advocate any particular system. It applied under Communism to republics and everything in between.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 