Economic Collapse Considerations

* This is mostly taken from an online conversation I had.

I wonder when we'll realize that being polarized by the two halves of the political machine doesn't bring any real change. Going from one extreme to another, back and forth, doesn't seem to do anything to better the lives of any of us, it only seems that liberty decreases year after year.

There are two candidates from Texas running for president, but only one that doesn't support extremism in politics. Guess which one I'm supporting, still.

Why political polarization has gone wild in America (and what to do about it)

The problem goes way way deeper than whoever the president is or which political party controls congress. 30 years of bad economic policy and allowing wall street to create the internet & housing bubbles that burst and ended up dragging the entire world economy into the crapper is the long & the short of it. There was an enormous systemic failure both of the govt, and the financial system....to think that one president or another is entirely to blame is short-sighted and foolish. Every president since reagan had a hand in this mess and both political parties are just as responsible as the other. No president gets elected without wall street money, and no president in the future is going to do anything other than wall streets bidding. 4 more years of Obama is going to be exactly the same as 4 years with some other dipshit. If you think otherwise, you're not being completely honest with yourself. This mess will take decades to crawl out from under.

  1. Incase you haven't noticed we are in large part still operating this country under W's policies, W's wars, W's tax cuts, W's subscription drug plan, etc. A large majority of our current spending is a result of the Bush administration. And lets no forget the two completely failed stimulus bills that added over 1 trillion dollars to the national debt. All of the above—unpaid for, but I digress

2. There is no comparison to W vs. Obama on spending. Even with projected analysis of Obamas current policy costs by the CBO, W out spends him by a 1: 4 margin. That's not debatable, it's a fact.

3. In 2001, President George W. Bush inherited a modest surplus, with projections by the CBO for increased surpluses with continuations of Bill Clinton’s policies. But every year starting in 2002 and the adoption of the Bush tax cuts, the budget fell into deficit at a rapid pace. In 2009, Obama inherited a $1.2 trillion deficit and more deficits in years to come, based on continuing W's policies and the effects of the recession that W created.

Some see Obama as less of a problem than Bush, but Obama is just getting started. Wait until he has four years behind him (or God forbid, eight). Projections are just fairy tails. I'll wait and see what the actuals look like once he's done his damage.

Want to get to the root of the problems? Fiat currency. Which I guess we can pin on Nixon and Co. Everything after that has been downhill, sometimes polished nice and shiny so we keep buying into it...

Want to fix the financial problems of the world? Crash the banks. Go back to a currency with real value. Invest in gold and silver. Get out and stay out of debt. Dump the 401k. Stay out of the stock market. All of these things support the system of control and wealth redistribution that the government and banks have created to manimpulate our economy.

And some background on why our government was initially restrained from having a heavy hand in economics. Congress has given away the responsibility to coin currency to the Federal Reserve, which is headed by major players from the banking industries, but is not actually a federal agency and has no federal oversight. Anyone who still doesn't see the problem?

History of Fiat Money

And with investments in the US government, devaluation of the dollar results in many of these investments returning near zero profits for investors, but keeps the government floating along, but only just. These systems do little to nothing for those of us at the bottom. It's all just a twisted way to control a population.

The main issue is that the public seems to be in a lull, not really wanting to accept that this is one of the biggest problems we have. This false wealth and market manipulation is not sustainable, but the public seems to want to ignore it as long as they can charge their purchases and get loans for whatever.

We have moved away from an economy based on wealth and production to one based on debt. The only way out of this pit is to kill the Fed, go back to a currency system that can not be controlled, and forgive debt. If we don't work toward changing the way our economy works, it will cease to work.

Endgame: When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy | Truth is Treason

Take a moment and listen to Andrew Gause talk about the real world of money. It will give you a new perspective, or at least reassure you if you already believe anything of what I posted already.

Surviving Collapse: Patrick Timpone, Andrew Gause, Real World of Money Interview

Lewis also wrote the Blind Side and Moneyball, but haven't read any of his work yet.

For a more bleak perspective, look into Dmitry Orlov. He observed the Russian collapse, then moved to the US and started making correlations...

    

Here are a few other resources I follow regularly, more along the lines of collapse. With these groups and movements, the goal is sustainability and localization, the practical opposite of the failure that is globalism.

http://www.thezeitgeistmovement.com/

http://www.transitionnetwork.org/

http://www.collapsenet.com/

Back to financial systems, I believe the first steps toward collapse have been met already. The guys over at Half Past Human predicted that the dollar would cease to be the global reserve currency. The Fed keeps printing dollars, China is unloading deflating dollars, so we are past this point already.
http://halfpasthuman.com/

The next stages would be a collapse of the derivatives markets, something that is probably good for anyone who is not a millionaire.
http://www.derivativescollapse.com/

Backdoor bailouts of banks are attempts at keeping the fractional reserve banking system afloat, but it has been on the downhill slide since the umbilical to real wealth (gold standard) was cut in Nixon's reign.
http://lewrockwell.com/rothbard/frb.html

I know I don't paint a pretty picture, but I am just being realistic, and hope to simply help others learn more so that we can gain more support for recognizing what is wrong with US (and global) economics and work toward a replacement system that doesn't defraud the vast majority of people supporting it under threat of violence (taxation = violence).