Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
Redefining Political Economy, Globalization & Business Models Consequent on Corona Virus Pandemics - 9th Apr 20
Plus500 Rreview - 9th Apr 20
Gold Price Closely Tracks Debt-to-GDP Ratio - 9th Apr 20
Gold, Silver and Rigged Market Socialism - 9th Apr 20
Going to School in Lockdown Britain, Dobcroft Sheffield - 9th Apr 20
Amazon Face Masks to Protect Against Covid-19 Viral Particles N95, FPP2, PM2.5, for Kids and Adults - 9th Apr 20
Is Natural Gas Price Ready For An April Rally? - 8th Apr 20
Market Predictions And The Business Implications - 8th Apr 20
When Will UK Coronavirus Crisis Imrpove - Infections and Deaths Trend Trajectory Analysis - 8th Apr 20
BBC Newsnight Focuses on Tory Leadership Whilst Boris Johnson Fights for his Life! - 8th Apr 20
The Big Short Guides us to What is Next for the Stock Market - 8th Apr 20
USD Index Sheds Light on the Upcoming Gold Move - 8th Apr 20
The Post CoronaVirus New Normal - 8th Apr 20
US Coronavirus Trend Trajectory Forecast Current State - 7th Apr 20
Boris Johnson Fighting for his Life In Intensive Care - UK Coronavirus Crisis - 7th Apr 20
Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up! - 7th Apr 20
Crude Oil's 2020 Crash: See What Helped (Some) Traders Pivot Just in Time - 7th Apr 20
Was the Fed Just Nationalized? - 7th Apr 20
Gold & Silver Mines Closed as Physical Silver Becomes “Most Undervalued Asset” - 7th Apr 20
US Coronavirus Blacktop Politics - 7th Apr 20
Coronavirus is America's "Pearl Harbour" Moment, There Will be a Reckoning With China - 6th Apr 20
Coronavirus Crisis Exposes Consequences of Fed Policy: Americans Have No Savings - 6th Apr 20
The Stock Market Is Not a Magic Money Machine - 6th Apr 20
Gold Stocks Crash, V-Bounce! - 6th Apr 20
How Can Writing Business Essay Help You In Business Analytics Skills - 6th Apr 20
PAYPAL WARNING - Your Stimulus Funds Are at Risk of Being Frozen for 6 Months! - 5th Apr 20
Stocks Hanging By the Fingernails? - 5th Apr 20
US Federal Budget Deficits: To $30 Trillion and Beyond - 5th Apr 20
The Lucrative Profitability Of A Move To Negative Interest Rates - Pandemic Edition - 5th Apr 20
Visa Denials: How to avoid it and what to do if your Visa is denied? - 5th Apr 20 - Uday Tank
WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments - 4th Apr 20
US COVID-19 Death Toll Higher Than China’s Now. Will Gold Rally? - 4th Apr 20
Concerned That Asia Could Blow A Hole In Future Economic Recovery - 4th Apr 20
Bracing for Europe’s Coronavirus Contractionand Debt Crisis - 4th Apr 20
Stocks: When Grass Looks Greener on the Other Side of the ... Pond - 3rd Apr 20
How the C-Factor Could Decimate 2020 Global Gold and Silver Production - 3rd Apr 20
US Between Scylla and Charybdis Covid-19 - 3rd Apr 20
Covid19 What's Your Risk of Death Analysis by Age, Gender, Comorbidities and BMI - 3rd Apr 20
US Coronavirus Infections & Deaths Trend Trajectory - How Bad Will it Get? - 2nd Apr 20
Silver Looks Bearish Short to Medium Term - 2nd Apr 20
Mickey Fulp: 'Never Let a Good Crisis Go to Waste' - 2nd Apr 20
Stock Market Selloff Structure Explained – Fibonacci On Deck - 2nd Apr 20
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? - 2nd Apr 20
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK - 2nd Apr 20
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

Obamas America Starting to Look Like Maos Communist China

Politics / US Politics Mar 19, 2014 - 10:39 AM GMT

By: Jeff_Berwick

Politics

Many like to watch movies or read fiction novels as a way to relax and get away from work and other stresses of day-to-day life.  I, on the other hand, find non-fiction to be much more interesting than almost anything dreamed up by a fiction writer.  So, when I want to relax and get away from things I like to read and watch non-fiction books and documentaries.

Given what is going on in China lately I have been nearly obsessed learning about China's history.  It is easily one of the most interesting cultures on Earth with thousands of years of dynasties, warlords, communism, capitalism, wars and atrocities.


Of all the atrocities the worst, by far, was committed during Mao's Communist China revolution and the typically Orwellian named, "The Great Leap Forward".

That leap eventually ended up with the deaths and starvation of somewhere between 20 and 45 million people. Despite this devastation, American oligarch David Rockefeller said this of the period: "Whatever the price of the Chinese revolution, it has obviously succeeded not only in producing more efficient and dedicated administration, but also in fostering high morale and community of purpose. The social experiment in China under Chairman Mao's leadership is one of the most important and successful in human history."

As I watched a recent documentary on this period it struck me how eerily similar the early years of Mao, leading to those deaths, were to today's USA and Obama.

THE SIMILARITIES

Hope and Change.  As with Obama, Mao was swept into power under great fanfare as a savior by a society of people who had been so impoverished and wartorn to put their faith in this man with his ideas.  As with Obama the first few years didn't go too terribly giving some people hope.  But, soon after taking power, in 1950, he quickly got China involved in the Korean War.

Land Reform.  During that same period Mao went to work on taking away land from landowners and "giving it to the people".  Done differently, but with the same end goal, the US has been decimating small farmowners through regulations, taxes and even armed raids ending up with large corporations owning more and more of the productive land.  The large corporations, through the US blend of fascism and socialism, end up owning more and more of the land.  According to the US Department of Agriculture, the number of farms in the United States has fallen from about 6.8 million in 1935 to only about 2 million today.  According to Farm Aid, every week approximately 330 farmers leave their land for good.  This isn't done as overtly as it was during Mao's time of just killing landowners as the US government has perfected propaganda but the end result is essentially the same.

Suicides.  In Shanghai during this time, suicide by jumping from tall buildings became so commonplace that residents avoided walking on the pavement near skyscrapers for fear that suicides might land on them.  In the US today, even the New Yorker writes about the "suicide epidemic".  Between 1999 and 2010 the number of Americans between the ages of thirty-five and sixty-four who took their own lives rose by almost thirty per cent. Among young people in the US, suicide is the third most common cause of death; among all Americans, suicide claims more lives than car accidents, which were previously the leading cause of injury-related death.

Media Suppression and Targeting.  Mao launched the "Hundred Flowers Campaign" urging all those with different opinions to express themselves.  It was a ruse, however, and he used this to target opponents eventually killing 500,000 landowners.  In the US it is done differently but groups, like the Tea Party, have been targetted by the IRS for having oppossing views.  And it is well known in the mainstream media that you cannot speak out against the current regime.  Journalist Abdulelah Haider Shaye was imprisoned under Obama's orders for speaking out about US involvement in the Middle East.  And, currently, according to Reporters Without Borders, the US stands at #46 on the World Press Freedom Index just after Romania and one ahead of Haiti.

Only Those In Government Prospered.  During Mao's time it was said that only those in government and those in the capital cities connected to the government prospered.  This is very similar to what is happening today in the US.  Government workers currently get paid 45% more than their counterparts in the private market.  And, while most of the country languishes in depression level conditions, Washington D.C. is flourishing.  The Washington metro area includes a whopping six of the 10 most affluent counties in the nation.

Lies And Statistics.  As things got worse in Mao's China the government took to overtly lying about nearly every statistic.  They lied egregiously about crop production and the amount of deaths by starvation.  Doctors were not allowed to list "starvation" as a cause of death.  In the US it is similar in that nearly all government statistics are heavily manipulated to paint a better picture of what is really going on.  Unemployment figures, for one, are adjusted so that if people give up looking for work they are not counted as being "unemployed" anymore.  The US government currently says that the current rate of unemployment is 7.3%.  However, the percentage of the population which is employed is at lows not seen in 40 years.  And, just by computing the unemployment numbers the way they were computed prior to 1994 (before they took out "long term discouraged workers" from the figures) as computed by Shadowstats.com, shows an unemployment rate of 23%.

Famine and Starvation.  As things got worse, by the end of the 1950s, tens of millions of Chinese died of starvation.  The US has much more past wealth to live upon and still has the printing of the US dollar to keep things more afloat temporarily but even with these advantages there are now 1 in 6 Americans on food stamps... and 1 in 4 children in the US on food stamps.  In other words, already, a very large percentage of the population cannot even afford food to eat without assistance. Without government assistance, they would starve. 

THE DIFFERENCES

It should be said that China in the mid 20th century and the US in the early 21st century are two very different places.  China, at that time, was a very poor and backward place.  Whereas the US, due to semi-free markets for past centuries, is incredibly advanced and has built up a lot of wealth.

As well, communication technologies such as the internet do not allow most government's today to wholesale slaughter people.  In the US today these same goals are undertaken through fines, taxation, regulation, inflation and criminalizing nearly every human activity.  Nearly half of all people under the age of 23 in the US today have been arrested and the US has the world's largest prison population with 25% of the prisoners with only 5% of the world population.  Through these means the US government can look to be less heinous than outright murdering thousands or millions of people but essentially with the same results.

Because of these differences we should not expect to see the US follow the exact same path of Mao's China.  But the similarities of the two times are striking.

We have published this cartoon from the Chicago Tribune in 1934 on numerous occassions because it so perfectly explains what is going on in the US today.

Spend! Spend! Spend!  The US government has been spending and going into deficits at rates that would have shocked people even 15 years ago.  The debt of the US government has increased $6.666 trillion since President Barack Obama took office.  When Obama was first inaugurated on Jan. 20, 2009, the debt of the U.S. government was $10,626,877,048,913.08, according to the Treasury Department’s Bureau of the Public Debt. As of Jan. 31, 2014, the latest day reported, the debt was $17,293,019,654,983.61—an increase of $6,666,142,606,070.53.  The total debt of the United States did not exceed $6.666 trillion until July 2003. In the little more than five years of the Obama presidency, the U.S. has accumulated as much new debt as it did in it’s first 227 years.

Blame The Capitalists.  Fomenting a class war the heavily socialist indoctrinated youth and poor are constantly told it is "greedy corporations" causing their problems.  This can be seen clearly in all the recent "minimum wage" rhetoric. 

Junk The Constitution.  The Constitution and the Bill of Rights have been all but ransacked in recent years... specifically since 9/11 and the Patriot Act.  People collecting rain water or building a pond on their own property or living sustainably off the grid have been deluged by federal agencies threatening them with massive fines or jail time.  And, the rising police state and the endless accounts of police brutality is just another example of this.

Declare a Dictatorship.  Barack Obama continues to wage wars without approval from Congress, issue Executive Order edicts, create kill lists and in his most recent State of the Union address even went so far as to say that he was going to go around Congress to get things done... all to wild applause.  That is a dictatorship.

THE FALL OF AMERICA

Those plans, as laid out in the Chicago Tribune cartoon from 1934 are falling exactly into place.  That, combined with the fact that Barack Obama's US is following a very similar path to Mao's China should be enough to make the hairs on the back of your neck stand up.

Unfortunately, it only keeps getting worse.  Capital controls are coming into effect in July of 2014, under the Foreign Account Tax Compliance Act (FATCA) and so if you don't have yourself or your wealth well outside of the US by this point your time is running out.

For this reason we have again set-up an urgent conference called the Crisis Conference this time scheduled for April 30th-May 4th in Cabo San Lucas, Mexico.  If you still have significant assets inside the US I urge you to seriously considering attending.

The US is currently similar to the early days of Mao.  How it ends up is anyone's guess but it isn't going to be pretty.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2014 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules