Posted on 03/28/2015 9:23:26 AM PDT by rktman
“There is no America! There is a cash machine.”—Michael Savage
We are experiencing the “Greatest Invisible Depression” in the history of the United States; the Depression Era soup kitchens and lines are unseen, coming to the mail box in the form of welfare checks, yet the government cash machine, the Fed, keeps printing bogus trillions that have no backing in goods and services.
(Excerpt) Read more at canadafreepress.com ...
exactly right.
However, to understand how to renew the American Republic, one cannot do better than to study the lessons of the Roman Republic in Machiavelli's Discourses on Livy.
I think I posted nearly those exact words yesterday.
The great depression was not called that until the mid-1950’s. This will, eventually, be called WD II and the original one will be called WD I - World Depression I.
And it’s not hit the really bad part yet.
It will end the same way - with world war.
The reason it’s taking longer is that we bailed out the banks, and that water is only slowly finding its way back in.
:). it’s rather obvious to all of us “knuckle draggers” and “hobbits” out here no?
***keeps printing bogus trillions that have no backing in goods and services.***
And the nation that collapses first loses all. Remember the fall of the old USSR? I remember reading that people who had saved up millions of commie rubles for retirement lost it all.
“It will end the same way - with world war.” Some folks would define that as a jobs program.
It’s concerning that trillions have been pumped into the economy, without any increase in inflation.
Why? Because in a healthy ongoing economy, pumping money into the economy increases the money supply, and inflation results from the increase in the money supply.
If we are seeing the money supply increase but no inflation, that is a red flag of a depressed economy.
I realize that entire books have been written about these subjects, and you can’t express all the details in a short internet posting. But, it is troubling that so much money is out there, but we’re not seeing improvement in the economy or any inflation as a result.
Stay tuned. It could be a bumpy ride in the years ahead.
And politically, stay tuned. If a Republican is elected president in 2016, he will be blamed for the fallout from the Obama era policies.
It worked for Baraq, very well.
He was able to pull off re-election with $4 gas, 8% unemployment (13% real), surging food prices, and trillion dollar deficits.
Worked like a charm for FDR.
The new improved “miracle worker”?
With the American Empire, its a question of will. For whatever reason, too many people seem to be ashamed of our own culture and history. I don’t think this constitutes a majority yet, but it certainly does include most people who are “influencers”. That does not bode well for the future. The fact that we elected a full-fledged security risk as POTUS is evidence of our stupidity.
I also think our material prosperity and technological prowess are part of the problem. They have served to insulate people from reality and enabled them to take off on these foolish flights-of-fancy. These attitudes would never have been tolerated pre-1960.
I suspect the fall of Rome was incomprehensible to most Romans too—until the Barbarians were at the gates.
“until the Barbarians were at the gates.” Knock, knock, knock.
I refer to this as the “Greater Depression”; here in NJ there is no hiding the downward spiral (and nobody even pretends there is any recovery).
If it was not for food stamps, welfare and unemployment benefits there would be lines around every block at soup stations and rioting in the streets. People would be starving to death. What happens when we can’t borrow any more money?
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