Posts tagged debt
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.
“You are a den of vipers and thieves [the bankers pushing for a central bank]. I intend to rout you out, and by eternal God, I will rout you out.” President Andrew Jackson (if he hadn’t been such an Indian-hating SOB he’d be an all-time favorite).
“Give me control of a nation’s money and I care not who makes it’s laws” [because he'll control the country!] — Mayer Amschel Bauer Rothschild
“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.” — Congressman Louis T. McFadden in 1932 (Rep. Pa)
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs”. -President Thomas Jefferson
I’ve seen a pile of Schiff vids (if you haven’t seen it, “Peter Schiff was right” is a must-see) and this is the the best from start to finish that I’ve seen.
With power, clarity and clever, entertaining insights Schiff details why Americans enjoyed incredible success during the late 19th and early 20th centuries but is now in a very difficult situation.
His biggest home run in the video is him accurately calling the real estate bubble’s coming explosion…in 2006!
Although I have profound and limitless respect for our armed forces; and it is incredible to imagine The United States as the Christian saviors of the world it is a logistical impossibility that almost always comes with more problems than benefits long term. Everything I need to know on this topic I learned from Mickey Mouse and his tragic apprenticeship (hint: our arrogance creates monsters we can’t control).
Beyond the horrific reality of war and the cost to our youth’s humanity, mental health and quality of life outside of battle back in the real world; war is an economically devastating event. Prices on common goods like leather, steel and kevlar are increased exponentially, invoices are fudged, defense contractors rake Uncle Sam’s credit card through fire and much more en route to incredible profits for “defense” contractors and mile-high debts for American taxpayers. Not to mention the true lotto winners: the financiers who often finance both sides of a conflict and bankroll entire nation’s war chests.
Although we’re often told that WW2 got us out of the depression imagine what our economy would have been like with the resources spent in war being driven into socially useful goods, businesses and bank accounts.
For an infalliably precise perspective on this check out Austrian (in philosophy, not birth) economist Robert Murphy’s brilliant article on WW2 and our exit from The Depression here.
As Marine Major General Smedley Butler said, “War is a racket!” This same sentiment was echoed by President Eisenhower in his farwell address to America regarding the military-industrial complex, the corporations that run it, and the incredible risk to The American Way that it poses.
If we seek to return to prosperity, peace and passionate pride we must redefine what it means to be a “good American.”
Here’s the article about our involvement in Lybia continuing indefinitely, arg.
Mainline Republican budget cuts are pathetic when viewed through the lens of reality without the 12 year single malt Scotch goggles that most politicians like to wear.
We will deal with the gravity of our situation one day or another.
Sonner will be much less painful than later.
I think this is a great speech that highlights the need for We The People to buckle down and get serious about what’s wrong in our country so we can discover how to solve the problems we face.
A Kentucky native, and now Senator, Dr. Paul’s first address to The Senate references another famous (to history geeks like me) Kentucky politician: Senator Henry “The Great Compromiser” Clay.
This seems may seem like a noble title, but a closer look might reveal some facts about the man you might not like. Senator Paul continuously criticizes Senator Clay for his support of slavery and his “great compromise” to keep slavery as a legal institution with a deciding vote in an 88 to 88 tie in The Senate.
With this apparent condemnation of slavery in mind, was the much of “the media” correct when they called him a racist due to his opposition to The Civil Rights Acts?
Maybe, maybe not. After he publicly opposed the Civil Rights Act because it wasn’t Constitutional he later balked and said it was needed because the racial situation in the south. Admittedly, this is an extremely tricky issue and I don’t have a perfect answer to it.
“But if he’s not a racist HOW can he oppose The Civil Rights Act!?”
According to Dr. Paul, his opposition stems from the fact the a group of people in Washington should not be able to tell private businesses what they can and can’t do with their establishments.
What if someday in the future we force female sports teams to have male players on them–or a black organization now must include a certain number of white people in the name of fairness and equality?
I agree that Southern states were having incredible problems with racism and my heart goes out to anyone who was harmed in the struggle for equality–my point here is to make sure we remember that The Constitution of The United State was written to be exactly that: the united STATES of America.
The 10th Amendment clearly states: “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
That means if it’s not in The Constitution, the federal government shouldn’t be able to do it! However, we have drifted far from this ideal and have created a fat, slow and obtrusive federal government entity that seeks to override and control rather than organize and subjugate itself to the proper rule of law: The United States Constitution.
If you’re interested, please look into The 10th Amendment Center if you’re interested to know how this primary piece of The Constitution over rules federal domination and force.