Robert Ringer describes American’s alternatives as “fight or flight:”
Contrary to the “summer of recovery” blather we are being fed on a daily basis, the truth is that the economy is getting worse by the day – and the worst, by far, is yet to come. Economic judgment day may be a bit late in arriving, but it is coming. So you have only two choices: Fight or flight. I’ve already made my choice. What about you?
The full article can be read below:
By Robert Ringer
Ever since Barack Obama fooled independents into giving him the keys to the car (his metaphor), the talk about economic judgment day has increasingly intensified. But what, exactly, would have to happen to bring about a total collapse of the U.S. economy?
One path to economic judgment day is for the government to allow market forces to rule, which, because of decades of government meddling in the economy, would surely bring about a full-scale deflationary depression. Though the iPod, flat-screen-TV, eat-out-four-nights-a-week crowd doesn’t want to hear about it, the truth is that a deflationary economic judgment day would be a good thing because it would cleanse the economy of artificially high wages, profligate spending, and malinvestment.Read the rest of this entry »
The Great Recession of 2011-2012
Martenson Weekly Roundup
America's Bread and Circuses
More "Brown Shoots"
The Almost Forgotten Problem
Mr Ringer makes three points worthy of note;
runaway inflation …would almost certainly lead to social chaos and anarchy, more likely than not followed by a dictatorship. [As] The … natives become restless when they discover that [the] government’s paper money is worthless.
Since the politician’s are virtually certain to choose flight, hyper-inflation is almost certainly unavoidable, which would be followed by martial law as “only an authoritarian police state
couldcan restore order”. If Obama is going to make a move to try to fundamentally and irreversibly transform America into a socialist country ruled by regulatory bureaucracies, that’s when it will happen.if BHO continues to press the welfare pedal to the floor – which he clearly has every intention of doing – an inflationary ending is virtually assured…I’m glad the Obamessiah was able to fool the public and win out over Mush McCain. Why do I say that? Because if McCain had ended up on the throne, no matter how liberal he may have been, the Democrats and their left-wing allies in the media would have had a field day blaming the inevitable economic collapse on the evils of capitalism. (Remember, Obama has been in power going on two years and he’s still blaming George Bush for everything!)
They still plan on blaming capitalism and that argument will in fact be easier in 2011 and 2012. Obama has already telegraphed that, after the mid-terms he will start blaming a new Republican Congress. But with multi-trillion dollar deficits, engineered by the previous Congress, sovereign default or hyper-inflation is mathematically unavoidable. Kicking the can further down the road will run up against the proverbial irresistible force (a republican congress bent on cutting spending) meeting the immovable object (Obama’s veto) , which shall finally present politicians with the end of the road…and either sovereign default or hyper-inflation will result.
Don’t think in terms of overnight victory. It won’t happen. In fact, this is a war where there’s no such thing as total victory. The story of the human race is told in the ebb and flow of liberty and tyranny. Just as communists are wrong to believe they can change human nature and “convince” people to willingly give up their freedom and property, so, too, is it a mistake for defenders of liberty to believe they can convince those who worship big government to believe in freedom.
Wise words, though in the US, those who favor big government are far less in number than those who require liberty. When the price of big government and the nanny state is finally understood to be the loss of freedom, it will be emphatically rejected. That is because of the irrationality of the entitlement mentality. For it is not merely economic ‘nannyism’ to which they feel entitled, they also feel entitled to their unalienable ‘rights’. We imbibe it in the mother’s milk of our culture and the public will demand its ‘rights’ and when, out of economic necessity the liberal elite tries to deny those rights, they will learn that they have the proverbial “tiger by the tail” and shall “reap the whirlwind” that they have sowed.
No, it won’t end the war between responsibility and irresponsibility that every generation must fight anew but the argument will be settled for quite some time to come, reality’s lessons are often delayed and slow in arriving but when they finally do arrive… they get our attention.
My issue with your comments and those of most of the contributors on this blog and similar blogs is this; Everyone is in the present with blame. Our problems started the moment we became the “king of the hill”. The moment we felt that we were the greatest power in the world. The generations to follow set on laurels they had no part in making. Our way out will be when the new and future generations realize that they have reached the valley and they change their attitude from national supremacy too national diligence.
Your comment Boddychaw is a mixture of accuracy and misunderstanding.
“Everyone is in the present with blame” what exactly does that mean? Please clarify. ‘Blame’ serves only to obtain a scapegoat, identifying the sources of error is necessary for correction.
Our financial problems started in 1971 with the disconnection of the dollar from an actual material store of value. We’ve been living off the explosion of credit that resulted, ever since.
Our social problems started in the 1960′s when the ‘greatest’ generation, having previously in their youth accepted being told what to think and having never learned how to think, couldn’t logically defend their social positions. Which resulted in their children, the baby boomer generation, who hadn’t been taught how to think either, adopting false but seductive social positions, that resulted in the societal upheaval with which we are currently embroiled.
We became the “king of the hill”, not because we ‘felt’ that we were the greatest power in the world but because we actually were and still are the greatest power in the world. That position places an inherent mantle of responsibility upon our societal shoulders and we can’t escape it without dire consequences.
We’re an oil dependent civilization and the only thing that has kept our civilization from going under is our military might. Specifically the Pax Americana, which keeps the sea lanes open for world-wide commerce without which our civilization would collapse.
“The generations to follow set on laurels they had no part in making”.
True, but they have everything to do with retaining our freedoms and that is deserving of ‘laurels’. They cannot do that if they don’t understand the issues fully.
“Our way out will be when the new and future generations realize that they have reached the valley and they change their attitude from national supremacy too national diligence.”
It’s not national ‘supremacy’ wherein their current attitude lies, it’s in intellectual laziness on a national level. That is what must change and it’s a much deeper understanding that is necessary for a change to national diligence, for what shall they be diligent about, if they lack a deep and full understanding?
“Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.” John Adams
“Whenever the people are well-informed, they can be trusted with their own government.”
Thomas Jefferson
“The death of democracy is not likely to be an assassination from ambush. It will be a slow extinction from apathy, indifference, and undernourishment.” Robert M. Hutchins
* I have no proof reader, pardon any silly mistakes.
>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<
From your response it appears that you understood my meaning to nth degree. “Everyone is in the present with blame.” I believe you covered that, in part, in your third and fourth paragraphs.
Your quote; “We became the “king of the hill”, not because we ‘felt’ that we were the greatest power in the world but because we actually were and still are the greatest power in the world. That position places an inherent mantle of responsibility upon our societal shoulders and we can’t escape it without dire consequences.”
All of our foreign policy since the nuclear attack on Japan has been based on having the rest of the world feel at gut level our ability to annihilate just about anything. In fact it has been a financial albatross around our necks as we go about policing and rescuing the rest of the world. We do it with our hands tied by our own arsenal of WMD.
The jealously from Iran's leadership has put them on a course to take the hill.
The greatness of America comes from our natural arrogance, as you so well reacted to when I used the word felt. Natural arrogance is not a weakness it is strength that we obtain through our diverse ethnic population and our once open arms to the rest of the world.
Iran leadership does not understand any of that and may well be the one that wakes the sleeping giant.
We still are the greatest power in the world. We can easily hold that position if all blame is not connected to those only in the present. The pendulum swings slowly but it moves back and forth. Hatred thrashes instantaneously and uncontrollably about the minds of those stuck only in the present. The bombardment from these fools spews from the media-ways at light speed. All that they have to say is; “everyone in the present is to blame.” Their audience; the nuclear silver spoon babies that sit on the laurels, from those of their past.