Have you ever wondered what $787 Billion Dollars looked like? Click here to see what $315 Billion US dollars looks like. Double that and add some to make it $787 Billion.
Now for a moment consider 10.2 Trillion US Dollars and how much that is. In about 20 years our US National Debt is projected to grow to around 50-100 Trillion US Dollars. Is that when the dollar collapses? What happens when nobody else on the planet wants to subsidize US National Debt? At this rate, there will come a time when it all comes crashing down. Is congress going to stop this madness? Is the president? Will we the people stop it?
Here’s a grand ol’ video programming Americans to think that Inflation will save them. Here let us devalue your money, rob you of your savings and force you into spending more than you should have to…
Here are some great comments spawned by the video:
soylentgreenb (1 month ago) Show Hide
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“The only theory that talks about “natural” bubbles is Keynesianism – In a free market there are no natural bubbles…”
How many times does it have to be proven that imperfect information and high feed-back amplification leads to bubbles?
gergenheimer (1 month ago) Show Hide
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I agree 100% – and by far the biggest source of imperfect information and the feedback amplification of moral hazard comes from government. In free markets, there will be misallocations of resources and capital, but they will be localized and short-lived, as people all over the system react to information of varying quality. The way massive bubbles are created is from a persistent, centralized, coercive source of bad information and moral hazard – i.e. government policy and central banks.
“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.”
“If one rejects laissez faire on account of man’s fallibility and moral weakness, one must for the same reasons also reject every kind of government action.”
About Rob Alexander (taken directly from his website)
Rob Alexander
Salt Lake City, Utah, United States
I promote the constitutional positions of such principled American statesmen as Congressman Ron Paul, President Ronald Reagan, Senator Barry Goldwater, Secretary of Agriculture Ezra Taft Benson, and Senator Robert Taft.
I support Rob Alexander for Utah State Representative. We need constitutionally minded people filling congressional seats in the House.
Now is the time for the people of America to wake up. [Read more →]
This year was full of tricks and no treats. The trick: the government subsidized Fannie Mae/ Freddie Mac and passed legislation to practically force lenders into this subprime lending mess. Then the government deregulated the whole mess.
Who is to blame? The Fed. Congress. Large investment banks involved in this mess. [Read more →]
“A government trying to step in and improve the workings of a free market is exactly like a man who takes a lighted lantern at noon of a bright June day to show you the sun. But a government’s answer to any criticism as to the inadequacy of the lantern is always to bring more lanterns and then more lanterns – until eventually the smoke and glare of the lanterns so seriously interfere with and shut off the light of the sun that everybody actually has to work mainly by lantern light.
It is interesting to note, too, that in any society the government, and its allies who want to use the lanterns, always claim the justification that the society’s economy is more complex than those which have preceded it. They insist that therefore the lanterns of planning and control are necessary and helpful now, no matter how futile and harmful they have been shown to be in the past. Of course exactly the opposite is true. The more complex the economic life of a nation becomes; the more nearly infinite the shades and grades of impulse which determine the proper interchanges and relationships between its components become; then the more impossible and ridiculous is any undertaking to plan and control these relationships, and the more the automatic working of a completely free market is needed.”
— Robert Welch, The Blue Book, pages 122-123, Copyright 1959. From the 23rd printing.
I’m taking my whole family to this wonderful Rally for the Republic. It’s going to be an event that will go down in the history books as the second American Revolution. We fight for freedom. We for for individual liberties. We fight for a sound currency. We fight to restore Constitutional restraints in government. We fight for our nation’s sovereignty. We fight for liberty!
