Moving along…

My concerns for the nation’s direction are well documented at this point, but I have some very serious concerns for the lack of preparation taking place. While I certainly would love to see the utter resurrection of the US Economy, the same folks who expected the economic collapse as far back as 5 years ago expect that NONE of the policies being implemented will work to correct the market.

When the economic downturn began, Representative Ron Paul called for the government to allow the liquidation of the companies that were in trouble. Yes, people would have lost jobs, but the correction would have been much quicker. Instead of perhaps 3-4 years of economic hardships, the government instead borrowed hundreds of BILLIONS of dollars from other nations, inflated the dollar beyond reason (because we no longer back our currency with precious metals or assets with intrinsic value they could do so unchecked), propped up businesses which had demonstrated no desire to correct the bad business practices that lead them beyond bankruptcy.

Now we are looking at possibly 15 YEARS of economic correction, and what will correct a contracting economy? The bottom. We have to hit the point at which the bubbles have all burst, at which people are saving their money and living within their means, at which point those who can afford to rent, rent, and those who can afford to buy, buy.

The only two debts which make any sense anymore are an automobile, and a house. The debt anyone owes for an average mortgage should NEVER exceed the original value of their mortgage barring local catastrophe or some other strange event. People didn’t NEED to refinance, they WANTED to refinance, so they did. Now we’re stuck in a downward spiral of economic contraction. The links below paint a picture which at the very least should convince everyone to PREPARE for the worst depression in history. It may not happen, but if you are prepared for it to happen, and it doesn’t, then you won’t have harmed your financial standing by saving and investing in the proper commodities.

Who is really to blame. (Liberals & Democrats may not want to read this)

A response to the Secretary of State’s claim that America is to blame for the arming of the Mexican drug cartels.

Why a group of people who want to regulate everything say everything needs to be regulated…

The bubble we have to burst without the help of Washington…

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4 Comments

Filed under National Politics

4 responses to “Moving along…

  1. Justin

    You forgot to mention the third group of people who can neither afford to rent or buy. We need to wait for these people to die I guess.

  2. Cassie

    Out of curiosity. Do you know why countries (including the US) don’t back thier money with precious metals anymore?

    I like your information.

  3. sjrat

    Removing the standard of value related to a precious metal or other asset gave the government who were using such a standard total control over the printing of their money. One of the major problems I have with these moves is the complete disregard for restricting their own power governments continue to demonstrate. Our government was established on a principle of restraint, a concept which every President & Congress has ignored and largely gone the other direction. Bush wanted more power, Congress gave it to him, Obama wants more power, Congress gives it to him. Our system was designed to tilt toward Congress as the power, because it kept the power base closest to the voters. That’s no longer the situation.

  4. sjrat

    That it is somehow the responsibility of the federal government to take care of those is not likely be something I ever believe. To say that this 3rd group is somehow deserving of the support of taxpayers is profoundly against the concept of limited government. Do bad things happen in life? Yes. Is it the responsibility of society to pick up that burden? No. Life, Liberty and the Pursuit of happiness are the guarantees, then the rights given under the Constitution and Amendments. No where will anyone find a promise of housing.

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