America is Doomed Without Restoring the Rule of Law -- Karl Denninger

Karl Denninger-Only Way Out is Stop Lawlessness Top to Bottom

The latest is called “America is Doomed Without Restoring the Rule of Law-Karl Denninger.” Trader and entrepreneur Karl Denninger has a dire warning. He basically says if there is lawlessness at the top of society, there will be lawlessness at the bottom. Denninger, who is so distraught he has suspended writing on his popular website, explains, “It is illegal for any entity with market power or anybody else to price fix. It is illegal to price commodities of like, mind and quantity in the market place. That is a federal law, and violations of these laws are not civil affairs, they’re felonies. . . . The only deterrents for corporations against bad behavior is people go to jail or the firm has its charter revoked because it runs out of money. The reason that is the case is as long as I can pay a fine and shift the cost onto the customers or shareholders or both, there is not deterrent—at all. . . . When does a CEO ever get indicted? When do members of the board ever get indicted? The answer is never.” In closing, Denninger says, “If we don’t cut this out and start looking at the rule of law as meaning something again, I don’t see how we get out of this. The only way out of this box is to stop the lawlessness and let entrepreneurial people come in and find the technological innovations that drive the recovery. . . . Lack of the rule of law means America is doomed unless we change it.”

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1 comment:

  1. When the "normality" of law is not respected, the predictability of law and order is non existant. Example CIA james Comey and Loretta Lynch in that circus in which constitutional rule of law was virtually extinguished
    Virtually our entire ex-repbulic no longer exists today. What else does society have when there is no law? Hope and trust? That is not why countries write constitutions, laws, enforcement agencies, and civil indications (like stop signs etc.) And it´s worse, because our idiodic politicians talk about taking the first shot with a nuclear missle including the Isreali who are the most lawless and chaotic society if you are not a jew in Isreal. Law and order for members only by religous affiliation. That is what USA is by extortion paying 9 million dollars each and every day to keep it going.


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