Our Failed National Economy
David Stockman posts at Lew Rockwell:
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Tuesday night's election result was a victory for deep partisan stalemate, polarization, dysfunction, and acrimony throughout the halls of government. The market badly wanted a Republican victory, and sometimes you get what you wish for. Unfortunately, Mr. Market’s innocent dreams of a more “business friendly” government will turn out to be a nightmare of fiscal profligacy on a scale that's virtually unprecedented in modern history.
It's now guaranteed that the hapless soul who succeeds to the White House in January 2013 will preside over a nation with $15 trillion of reported public debt, that is, debt at 100% of GDP and counting. On top of that will be tens of trillions more in unfunded (and unreported) entitlement liabilities – the financial burden of which will only intensify as the baby boomers become fully retired. Worse still, Obama’s successor will have no way to stop the headlong rush into national bankruptcy he or she will inherit from this week's earthquake because the specious ideological shibboleths of both parties will have poisoned the only policy tools – tax increases and entitlement cuts – that can make a difference...
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Got garden?
posted by Concerned American | 6:43 AM
4 Comments:
The image was perfect match with the article..thanks
Legal services CV
Got garden?
No, but I do have a good rifle. Maybe I'll find the man with the largest garden or farm and offer my service as a guard.
Yes, I have garden and I have a vineyard. My neighbor has beef cattle, I have chickens.
More importantly, we (myself and my neighbors) have the ability to shut down access to our road, and the tools to keep it that way.
The dollar is going to be destroyed and along with it us.
Solution? Underground economy but what do we use? Barter can be cumbersome but there is an answer and the Constitution provides it where the standard for silver and gold specie are detailed.
Shenadoah had a chart a couple weeks back detailing trading in certain commodities-silver, gold, rice, ammunition, fuel. That helps.
What would help even more is currency issued by each of us based on the Constitutional Dollar; we do work and the party issues a dollar to us. Someone else in the Free Economy has something, we can do work, barter or present that work generated dollar... guess what that's cash.
We have our own currency not subject to the fed!
Read more here:
http://freedomguide.wordpress.com/2009/05/02/whats-a-dollar/
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