Dr. Paul Craig Roberts, former Assistant Secretary to The Treasury during Reagan’s Presidency, recently penned article “The Virtual Recovery” analyzes the potential for conflict between China and The US to ask a profound yet largely ignored question: What happens if/when our military posturing against China backfires and they dump a trillion dollars of our debt?
He also nails the virtual nature of our manipulated recovery and the government’s falsification of economic statistics to show we are in a far greater mess than the government leads on.
HOWEVER!! I know we will recover, we will survive, we will flourish; but society and economics may take a much different form than in the past. What does God have in mind for all of this? It’s tough to say, but it would appear there are great idol’s of the heart—among them money, power, and domination—being thrown down mightily today as Mystery Babylon is judged.
People lusting for those things may want to readjust their perceptions of what is good and desirable or face profound trouble and tribulation when these creations of man come crashing down.
If this sounds frightening, FEAR NOT! Be strong and courageous! And probably more importantly, be humble before The Creator of the Universe, repent for worshipping false idols, lusting for Earth’s virtual kingdom and if you feel led to do so, seek The Will of The Lord in your life and pray for wisdom and discernment to find out for yourself if it’s time for His Perfect Son, Jesus Christ—and the deep profound peace that comes along with Him—to come alive for you.
“As surely as I live,’ says the Lord, ‘every knee will bow before me; every tongue will confess to God.” Romans 14:11
This life is short and fleeting, breathe in the knowledge that we can’t control it and IF you feel led to, offer your desires as a willing sacrifice to have God’s Plans come alive in you and for you to see a far greater Kingdom manifest before you with liberty from the Earthly addictions we have willingly subjugated ourselves to in the past.
I don’t pretend to have any answers beyond that.
The excellent Ben Swann reports in the below video on Romney and Obama’s claims about the economy, our deficit, and how they plan to reduce it.
After listening to their plans to cut and keep certain programs; but never deal with our insanely over-funded and counter productive military presence around the world, or the entrenched but thoroughly un-Constitutional departments of commerce, education, energy, etc., neither candidate comes up with numbers stand up under fire.
Who did come up with a plan to reduce the deficit by $1T first-year, cut back our military offense while maintaining our defense, give young people a way out of the Social Security Ponzi Pit and BALANCE THE BUDGET in three years!?
Readers of this blog will likely not wonder long to come up with the answer: the honorable and wise, Dr. Ron Paul. Ben Swann reported on Dr. Paul’s plan a few months back as well.
The majority of people, and certainly popular economists and politicians, constantly urge us to support government economic interventions, bailouts, and Federal Reserve monetary massages to “save us from another Great Depression.”
But what if their valiant brilliance is steadily drowning us in a sea of paper money and debt instead of energizing our economy? What if there are other schools of thought that show us a clear and proven path out of our economic trauma?
Enter Austrian Economics and the counter-intuitive power of freedom.
Freedom: yes, it is an amazing speech from Braveheart, but is it also the root of economic prosperity?
No! Freedom in the hands of greedy capitalist pigs who are willing to pillage and destroy the planet is our greatest enemy! Without the government to protect us we’re all screwed! -Samantha Statist
Well, yes, people can be greedy, and certainly capitalists have done harm to the planet; but you must ask yourself: who gave them that power? Was it the government and their apathy towards property rights? And specifically to finance: was it the government that mandated banks to lend massive quantities of money to people without financial aptitude and ability to repay? Was it the government that lowered interest rates so low that borrowing and spending money was as easy as breathing and as exciting as binge drinking in Atlantic City?
When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans. -Ron Paul
If you have eyes and ears, you are painfully aware of our economic problems. How to solve them requires listening to the people who saw this coming—hint: there’s a dozen or so collected in the superb soon-to-be-released documentary The Bubble.
Check the interview below for an introduction to the driven, talented and wise beyond his years Director, Mr. Jimmy Morrison—and lookout for the film when it drops in the upcoming months.
Assassinating world leaders, corrupting state officials, manipulating global commerce are all detailed by this fascinating, repentant man. His book “Confessions of an Economic Hit Man” is an absolutle must read is you want to understand why so much of the world hates us so much.
Anyone concerned about the growth of government, taxes, and prosperity should take account of the importance of our currency in the equation.
“It is no coincidence that the century of total war coincided with the century of central banking.” -Ron Paul
A very interesting interview with founder of Jews for Ron Paul, Walter Block, PhD. Dr. Block is a very interesting man, libertarian philosopher and Austrian School economist whose views are frank, refreshing and optimistic.
The video addresses some of the catalysts of terrorism and why “normal” people often turn into violent criminals.
His story, if accurate, is a shocking tale of corruption and power that is hidden from our eyes. Confessions and The Secret History of The American Empire were incredible wake up sirens to me when I read them close to 10 years ago now (wow, time flies). The world is far more beautiful and far more cruel than it appears.
Here’s another great interview with Mr. Perkins detailing a series of alleged assassinations of South American leaders at the hands of the corporations and politicians he once represented. One asterisk on the above video: it’s with Zeitgeist, an organization I do not support as they’re basically techno-marxists. However the video includes a series of valuable points about the mutant form of fascist capitalism (an leviathan mix of governments, corporations and paramilitary forces colluding to deliver their will to the world).
A funny debate between the Progressive Policy Institute‘s Diana Carew and Peter Schiff on the dangers of the current student loan bubble, the “right” to higher education and the proper role of government.
Poor Diana’s lower-lip sucking fear face is a cutesy coffin for her pyre during this debate.
Surely “progressives” (what a great marketing term for such a wantonly regressive gaggle of optimists) will call Schiff a bigoted, racist, “one-percenter” for standing upon the Cro-Magnon principles of economics and supply and demand; but that’s to be expected.
Somehow she doesn’t “get” that if the government gives away huge sums of money to students demand will increase and so will prices. Statists are a strange bunch…