With the impending doom, err, I mean impending Senate health care legislation the demise of the republic is being stepped up. The blogoshere is imploding. Insanity reigns! Well... Frankly, I don't think it's all crazy talk anymore. The nation is already bankrupt and the people in power seem to have no restraint mechanism whatsoever.By all reasonable, logical standards the world economy should have ALREADY collapsed as a result of the financial meltdown caused by the US invented and backed shell game of derivatives/credit default swaps/etc. as well as the predictions of U.S. debt as far into the future as the eye can see.
The financial markets have been exposed as a Las Vegas den of gamblers ponzi scheme that is backed up by nothing other than the investor confidence, there is no 'there' there. And yet, S&P and the Dow have risen over the past year even though on the ground nothing has changed.
Same goes for the dollar, there is no reasonable way the U.S. is going to be able to manage the debt load w/out massive inflation some time in the future. Logically, a person/country would sell all of their dollars now and cash out. But, that isn't happening, investors are still confident about the U.S. dollar, even though the numbers would argue otherwise.
I would say we will have to pay the piper and one day there WILL be a collapse of epic proportion...like what happened to the French when they defaulted on their debt and lo and behold violence and revolution ensued. But when? How long can the patient AKA global financial system be kept alive on life support? Ten years? Twenty years? Fifty years? Five years?
Here is what I sent to Rep. Boehner:
Forget about the Democrats and their socialist running dogs, they have been lying, corrupt, power hungry scum for at least 50 years now. It is no surprise that they have engineered this convoluted monstrosity of a bill. And it will pass – to the utter damnation of their souls. But, Congressman Boehner, you and your fellow Republicans in the House and Senate are to blame for allowing these vermin to come to power. You squandered the support and faith we citizens placed in you and the Republican Party.
The fall of the United States of America…and make no mistake sir, it is coming about, will be laid directly at your feet by future historians. You have not the backbone to stand up, the honesty to stop playing along with Democrats in the interest of ‘compromise’, nor the courage to stand at the gate of freedom and defend it. The Democrats play Monopoly with our money and you have made no effort to cry foul; to bring the game to an end, to tip the board over and scatter the cards. In short, sir, you and your minions have no shame. Being professional politicians instead of Statesmen, you will pat yourselves on your backs, thump yourselves on your chests and declare that you have done everything you can to defend our interest, but it will be a lie.
Posted by: Philip McDaniel | Monday, December 21, 2009 at 11:30 AM
It's really hard to argue with any of these points. Unless and until someone comes along to really bring hope and change - not this pablum from Barack Obama we've had to endure for 2 years - but real ideas, real discipline and a real "vision" the United States of America is doomed. One almost gets the sense that this is what the current regime wants.
Many are saying we can't leave this up to the politicians (of either party) to fix, since they are precisely the ones who screwed it up. It's like giving the bull a tube of crazy glue and telling him to fix the China shop. It is far too complicated for sound bite drivel and special interest pandering - this is all the politicians are capable of - yes, including President Obama. It seems by way of their actions that the Democrats care only about power and the Republicans care only about money. The only thing keeping this rust bucket afloat is the hard work of the American citizen - and I include the public sector worker too. But we simply can't bail out a boat with a ten foot gash with an ice cream pail.
Apocalypse When?
CW
The comment sections of these blogs and mainstream web pages often make the most interesting reading. Here I pulled just 3 comments that I think they sum things up pretty well. FYI I've done some minor editing for brevity.
_______________
There is absolutely no chance that the US can get out of the fiscal mess we are in. The Great Society in sequence with the Vietnam War was the financial ruin of the US, one not sustainable and the other not winnable. With unfunded liabilities in the scores of trillions, and yearly budget deficits in the trillions, and the forced monetization of the debt due to the lack of demand for treasuries, we are finished financially. Finished.
The question. What should we do? On a personal level, reduce or eliminate your debt, buy land if you can, or invest in precious medals if you can't. Get the hell out of major cities now, before it's too late. The end of the welfare state will cause massive disruptions, and violence will take place. Learn a trade, it might be as simple as gardening or as complex as an automobile mechanic, but do something other than sitting in an office behind a computer. Local junior colleges offer many of these courses.
As for the nation at large, the events will now play themselves out. One doesn't know exactly what the large scale effects of massive defaults will have on the world's financial makets, but it is likely that the entire multi-national system will fall apart. World trade as we know it will cease to exist, at least for a period of time. It is very likely that we will no longer live in the world that we know, but one much different. One more like it was much longer ago. We shall see, and I hope and pray that I'm wrong.
Posted by: templar knight | Monday, December 21, 2009 at 11:10 AM