ON THE CUSP OF A SEVERE STOCK MARKET CRASH?

The correspondence among the Social Credit discussion group is flowing ‘thick and fast’ at this point in time.  It is important that some of the discussion is reported to our readers. The latest message was: 
Apparently, the HSBC bank is now predicting that we are on the cusp of a severe stock market crash:
Source:  https://www.rt.com/business/362618-stock-market-severe-fall/

While in the short-term people may be able to secure their own positions the long-term answers require us all to wrestle with what is fundamentally wrong with the system and ask ourselves:  do we really want solutions to the problems?

Observing "Social Credit seems absent from contemporary discussion. Why?"
Oliver Heydorn responded: 
 
“Well, do people really want solutions? Are they willing to search and grapple with the issues? Are they willing to fight for fundamental change?
Like Frodo Baggins and his companions in The Fellowship of the Ring, we contemporary Social Crediters are a ragtag band who do the best we can with limited resources. We plant seeds, in the hope that one day they will sprout. That is our duty; we leave the success or otherwise of our efforts to Providence.”
 
Another correspondent wrote:
I think the failure of modern economics is that its philosophy is rooted in materialism.  The following quote is from Douglas in his book, "Whose Service is Perfect Freedom":

"Both Nazism and Communism look at life from a purely materialistic basis. Human beings are mere pawns in the economic game. Life is a matter of mechanics and a perfect society is a perfect machine, designed and made by a little coterie of supermen who call themselves the State. Individuals are mere cogs in that machine.
 
If individuals or groups of individuals do not fit into the society devised, then the State must step in and, with the impersonality of a surgeon wielding his knife, excise them from the body politic. They call it "liquidating" or "purging". But it has not been done with the cold impersonality of a surgeon. It has been done rather with the deliberate cruelty of a gangster exercising his sadistic power and impulse.
 
It is doubtful if any blacker pages of history have been written than those of the last few years which have seen the doctrines of materialism taking the shape of totalitarian States with their claim to absolute control over the entire life of the individual. Any system which begins successfully to use man as a means rather than as an end becomes a Juggernaut crushing out of life all human freedom and value.
 
The fundamental error of these systems is their denial of the truth that, 'man does not live by bread alone'. His origin is more than biological and his needs are more than material."

N.B. Just for the record, this particular quote is indeed from Douglas' book, "Whose Service is Perfect Freedom" but he has pulled the citation from an anonymous writer in The Halifax Chronicle.
 
To which J.H. responded:
 But even in regard to this (false) assumption, they fail on their own terms. 
I am thinking of the neoclassical doctrine of "natural rate of unemployment" which asserts that unemployment (in SC terms, translate as unempayment) should be kept at 5% or higher in order to keep the workforce disciplined,  to prevent wages from rising too rapidly, and to keep price inflation within acceptable bounds.
 
Wallace Klinck added:
... Moreover, their [economists'] position is both philosophically and technically unsound because they almost universally assume that the primary function of an economy is to ensure that all able-bodied individuals are working. This assumption inevitably encourages inefficiency and recognizes humans essentially as mere economic functionaries - and debases the nature and purpose of human life.
 
 
 

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