I might not be an expert, but I have a sense that the current bunch of big government lovers, in the form of Democrats, are going to wreak a lot more havoc on our economy. I think that if you aren’t in debt and if you are prepared for it, then it really won’t affect you too much. Food storage, gold, and no debt are the keys to riding this one out. America made it through one Great Depression. I’m sure she can make it through another. Of course, many people will suffer greatly. This crisis could have been predicted a hundred years ago when the Federal Reserve was created and the government was given the power to tax progressively, 2 central tenets of Karl Marx spelled out in his communist manifesto. Will people ever learn the lessons of history? NO. Every generation must make the same mistakes over and over, because generally people want to believe they can get something for nothing and there are always politicians, hungry for power, that are willing to tell them what they want to hear. I am amazed at the arrogance of Obama though. It shouldn’t surprise me though. He is a very self-confident man and speaks about bi-partisanship and the importance of unity, but in the end “It’s his way or the highway” and unity means uniting under his belief system. He’s the typical liberal or progressive who believe they are open-minded, which gives him great comfort, but really his is just as close-minded as we all are with an added caveat, he is willing to use government force to make people believe what he believes, whereas I would never do that. That is the difference between a conservative and a liberal, progressive. They would use government force to implement their world view. Conservatives would not. They generally believe that the government should interfere as little as possible in people’s lives. It’s time for a third party. The Republicans are dead. The Democrats are socialists. There is no real representation for the majority of Americans who are conservative. We are forced every 2 or 4 years to hold our noses and vote for the best of the worst.
Archive for the ‘Economics’ Category
Preparing for the effects of all these experts
Friday, February 20th, 2009Random Thoughts by Thomas Sowell
Sunday, February 15th, 2009This guy might not be an expert, but he sure asks some great questions. When will people stop, think, take a moment to breath, and start realizing that most of the words that come out of many politicians’ mouthes are nothing but lies. Thomas Sowell, as he often does, explains this stunningly well in the following article.
http://townhall.com/columnists/ThomasSowell/2009/02/11/random_thoughts
Thank you Bill Bonner and DailyReckoning.com
Friday, February 13th, 2009This excerpt came from Bill Bonners Feb. 13, 2009 article titled “Bankers Pull Another Fast One”. It was so good, I had to post it. I love Bill Bonner. He may not be an expert, but he sure is smarter than all of them.
In London, the Guardian announced its own 12 questions to put to the bankers, including “why should profits be private, but losses be socialized?” Uh…that is a good question, but it is put to the wrong person. Why the bankers would want to offload their mistakes is a question even a Guardian reader could answer. Why else would they humiliate themselves publicly? Why would not a one of them dare show any fight? The pols control the money now; the bankers know it.
The question is better put to the inquisitor than to his victim. Why would the government wish to take on the losses? There, the answer is fairly easy too – power. Besides, it’s not their money; it belongs to the same mouth-breathing yahoos who are enjoying the show. In fact, we have other questions we’d like to put to Barney Frank, John McFall and the rest of these sanctimonious meddlers: How many of you jackasses went short the financial sector? And if you’re so smart, why didn’t you warn the public about the housing bubble and the toxic asset meltdown? If your committees…and your armies of regulators at the SEC, FHA, FDIC, FSA or other agencies…could do nothing to prevent the crisis, what good are they? And how cometh it to be that the biggest financial fraud of all time took place right under your own employees’ noses?
So you see, dear reader, how deliciously the plot turns? In the bubble years, the bankers ripped off the public…pretending to make them rich, of course…while the regulators looked the other way. Now, the politicians create a distraction, pretending to punish the bankers, while together they pick the public’s pocket for $3 or $4 trillion more. The bankers are judged guilty; but the audience hangs.
Oh if politicians just shut up and listened
Tuesday, February 10th, 2009I might not be an expert, but I think that Dr. Adrian Rogers (1931–2005) was when he said,
“You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it.”