Adam Smith, Karl Marx and Chairman Mao visit Washington

Timecop escorted Adam Smith, Karl Marx and Chairman Mao to Washington DC during the Big American Global Bailout Financial Crisis of 2008.

Karl Marx said, "My thesis 'Das Kapital' needs rewriting. Socialism finally got destroyed in my model state, the Soviet Union, by a acute shortage of capital. The cold war ended, and capitalism boomed for 20 years, until now? Both socialism and capitalism are busted? I did not foresee that."

Adam Smith* observed, "Capitalism just got destroyed in a financial meltdown by excess supply of capital and the invisible hand of credit default swaps. I did not foresee that."

Chairman Mao said, "Gentlemen, I foresaw that. I left a secret note for my successors, saying that Stalin and successor Stalinist idiots got it wrong, fighting a cold war that would forever freeze them. Geopolitical power does not come from the barrel of the gun. It comes from selling a lot of $1 stuff to the guys with the biggest guns, then lending all of the money from sales proceeds back to them, and then being able to afford losing all the money that you lent to them, when your capitalist borrowers eventually end up shooting themselves in the foot, by borrowing even more from their own European hot money pockets**."


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*Unfamiliar with Adam Smith? See his career wiki, and the wiki on his origination of the idea of the invisible hand that steers capital markets.

**Mostly the Swiss and European bank deposits of petro-dollar sheiks, emerging market oligarchs, drug dealers and tax evaders.