Skip to comments.Economic Chaos Ahead
Posted on 02/08/2012 4:16:52 AM PST by Kaslin
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Those levels of cost (Medicare and SS) are just not sustainable. It’s that simple. As a doc I am very, very concerned with what the future of health care will look like without some major changes. Unfortunately, everything the political class has thrown out there is not going to fix the problem. Plus, if every physician in the US worked for free it would not fix the problem or stop the increases in medical costs.
They don't want to admit what a lot of folks are now starting to realize: unmanaged collapse is coming unless we drastically reduce the level of debt and public spending. Their choice, raising taxes, sucks even more money out of an anemic economy.
Let's bleed the patient to feed the leeches. Dumb move.
A while back some FReeper posted an article about how the gold standard really wasn’t better than the fiat currency we have now. In fact the reason we have fiat currency was chicanery with the gold standard. Unfortunately, the real problem is as Shakespeare wrote ong ago, “not with our stars but ourselves”.
Samuel told the people they shouldn’t have a king but instead of the hard thing (telling Samuel that his sons were corrupt judges and doing something about it) they asked for a king. Same problem, same mistake. I am with Beck on this one. Jesus is and has always been the only answer. How we love one another is how we are known. Good or ill.
Of course He pointed out that we would need a “sword and a purse” in Luke 22. I have a feeling there is gonna be some serious zombie killing and that may have some impact on “how we are known” but I find nothing in His word that requires me to be a helpless victim.
Another FReeper turned me on to this documentary and it was a revelation.
What is important is the quantity of money and the abolition of the Fed. Please watch all two hours, it's not cheesy or maniacal. It is the system proposed by Thomas Jefferson, Benjamin Franklin and Thomas Edison.
The Liberal morons of the American electorate have dug in against cuts. I, for one, am all for them! Cut them down to the nubby, bloodied, nerve-frayed, marrow-oozing bone! And for the love of God, reform our tax code. Flat tax, fair tax, whatever... just ensure that every citizen of this country is paying a share of the tax burden.
But but but but that doesn’t that doesn’t fit the MSM the economy is back.
DEFUND socialist collectives, foreign and domestic.
DISMANTLE UNaccountable bureaucracies, czars, NGOs, agencies, social-engineering programs operating under the auspices of “government”.
DEPOPULATE socialists (and totalitarian wannabees with their mandates) from the body politic.
How to Identify Legal Plunder
But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.
Then abolish this law without delay, for it is not only an evil itself, but also it is a fertile source for further evils because it invites reprisals. IF SUCH A LAW WHICH MAY BE AN ISOLATED CASE IS NOT ABOLISHED IMMEDIATELY, IT WILL SPREAD, MULTIPLY, AND DEVELOP INTO A SYSTEM.
The person who profits from this law will complain bitterly, defending his acquired rights. He will claim that the state is obligated to protect and encourage his particular industry; that this procedure enriches the state because the protected industry is thus able to spend more and to pay higher wages to the poor workingmen.
Do not listen to this sophistry by vested interests. The acceptance of these arguments will build legal plunder into a whole system. IN FACT, THIS HAS ALREADY OCCURRED. THE PRESENT-DAY DELUSION IS AN ATTEMPT TO ENRICH EVERYONE AT THE EXPENSE OF EVERYONE ELSE; to make plunder universal under the pretense of organizing it.
Legal Plunder Has Many Names
Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on. All these plans as a whole with their common aim of legal plunder constitute socialism.
Now, since under this definition socialism is a body of doctrine, what attack can be made against it other than a war of doctrine? If you find this socialistic doctrine to be false, absurd, and evil, then refute it. And the more false, the more absurd, and the more evil it is, the easier it will be to refute. Above all, if you wish to be strong, begin by rooting out every particle of socialism that may have crept into your legislation. This will be no light task.
“The Law” Frederic Bastiat 1801-1850
Raising taxes to keep retiree senior benefits ar current levels might work, as long as all of those taxes raised are on the retirees themselves and-force them to go back to work to continue to pay entitlement taxes.
He forgets the $2T SS trust fund piggy bank saved by our trustworthy representatives all these years. Honest Tim Geitner is watching that to make sure it's safe as Democrats assure us it is.
It can be argued that the decline in the value of the US$ correlates directly with the price of gold. A projection of the Kittco 10 year chart gives a pretty good picture of the future declining value of the US$. It can be argued that we are presently on a gold standard imposed by the markets.
In a recent e letter John Maudlin advised that Europe is already on the gold standard with the uro being the proxy for gold.
The other prong to tie it together is inflation. Inflation of the prices of stuff including gold and oil, inflated valuation added to actual growth, all compounded, will be the only solution All that is presently under way.
I favor default. Heck, I favor a Jubilee. I think the world’s entire economic model is completely tainted. I would not burn it all down overnight, but I think we need to cancel the debts and start over on firmer ground.
That’s because an economic collapse is the only way we will come to our senses.
A combination of prosperity and technology has eroded our common sense. This is gradually leading us to a hard fall. And it will take a hard fall to restore it.
Not gonna happen.
People don't want to be free. They don't want to grow up, be responsible for their lot in life, and act like adults.
We have a neotenic population,and that will be our demise.
When the cardhouse collapses, they’re gonna be “free” whether they want to be or not.
When I bring up the idea of an inevitable economic collapse with my libinlaws, the curious response I get is “well, we’ll all be in the same boat”...
I fail to gain any solace in such a situation...
I’m not even sure why they respond that way, unless it is that they are so into the “collective” that they can’t think any other way.
You see...these guys in DC..both the dims and the GOP...AREN'T stupid (OK...some are...). They may be crazy...they may be self-serving hypocrites and liars...but they are NOT stupid. To do what they CONTINUE to do (And this means the GOP) is idiocy...and they are NOT idiots.
They understand that they only way out of this mess IS to crash the system.
Now the PROBLEM is what are they going to REBUILD from the ashes? Therein lies the rub. I know the dims are trying to deliberatly crash the system as to bring about a socialist state. I have yet to figure out the GOP agenda. I'm afraid many of them are on the same team.
I’m thinking I’m going to stop using the language of commies to describe the free market system.
“Capitalist” is an epithet in their vernacular, and was a word invented by Marxists.
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