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Old 11-16-2008, 06:24 AM   #10
Irving
Avalon Senior Member
 
Join Date: Sep 2008
Posts: 71
Default Re: Why run? Why hoard? What evidence?

As for provable aspects and facts I think that the current slowly unfolding U.S., and worldwide, economic crisis is a great starting point for skeptics. Few realize how intense the comming economic times will be. The U.S. Federal Reserve Wal Street bailouts, stimulus packages and governmental interference in the free market are only going to make the problem much much worse. The Coke vs. Pepsi choice of McCain or Obama left the American people with little option as both are going to further damage the economy through policy. These governmental interferences in the free market are akin to further injections of heroin for a drug addict - it may help things feel better for a very short time while the inevitable crash will be much worse.

The comming economic crash is going to be extremly bad for two main reasons. 1.) The underlying foundation of the U.S. economy is ridiculously unsound in a very simple way 2.) Continued governmental interference that will only exacerbate the problem

Over the past few decades the U.S. has slowly transformed from being a nation that saved and produced to being a nation that borrows and overconsumes.

The U.S. has around 5% of the worlds population and consumes about 25% of the worlds resources on debt - 11 trillion dollars of debt. The U.S. also borrows most of this money from the same nations that it imports the majority of its goods from, such as China. So essentially these foreign countries might as well be just giving the U.S. goods for free. America's contempory high standard of living is based almost entirely upon debt while the rest of the world produces, saves and sacrifices and a country can only borrow so much for so long. We are simply witnessing the end of this era. The end would be smoother and more gradual if government did not interfer in the market, but, since they are trying to reinflate the phoney economy, the eventual crash will be much more rough.

The U.S. has no ability to ever repay its massive debts because, as mentioned, it no longer has a sufficient ability to produce and save as more and more manufacturing jobs are being sent overseas to countries that have third world dictators who keep their workers in line. Essentially half of the malls in the U.S should be demolished and replaced with factories if we were to have a viable national economy.

What I am getting at here is the fact that the entire foundation of the U.S. economy, which has been decades in the making, is a vast illusory bubble which absolutly must pop. Peak job loss will be incredible because most U.S. jobs are in the service sector and revolve around consumption that is based upon credit. Governmental policy is currently aimed at trying to reinflate the U.S.' dying phoney bubble economy and is only going to make the problem far worse and likely create hyperinflation through injections of credit into the marketplace.

I think that once you learn that a severe economic depression is entirely inevitable within the next few years, your entire worldview will change as you realize that at least 90% of the populace has entirely no idea. The vast majority of Congress do not even understand this simple problem, it is outside of their worldview.

I highly recommend the words and work of Peter Schiff for further information as well as LewRockwell.com

I also personally believe that the world's corporate monopolists and big bankers have deliberatly created this crash through policy as to usher in a new global monetary system. The information is out there and the dots only need connecting.

It can be difficult to talk about these subjects without invoking fear. I look at it as being very interesting, exciting and mysterious because no one is exactly sure how this will all pan out. I, for one, am not running or hiding or fearing. Instead, I am actually very pumped.

Out of wisdom and foresite for the future and knowledge of the purpose of the 2nd amendment I do have a couple of firearms and a couple of months of food. I think that guns are optional depending upon your spiritual stance and if you feel lucky, haha. I would certainly recommend having a bit of food on hand though. I look at it as getting myself basically prepared with some essentials so that I can be in a calm state of mind to help and/or comfort others should big things start to happen.

I have only brushed upon the economic side of things here. There are a TON of other factors that I have in mind as well! haha But I look at life as being just a ride anyway. I have no fear of death and sometimes am actually excited to die. I have surrendered my fear and have nothing to hide. The mere mystery that anything is in existence whatsoever has been enough to enthral me ever since I was a kid.

Last edited by Irving; 11-16-2008 at 06:30 AM.
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