THE PRIMARY REASON WE STILL HAVE AN ECONOMY
July 02, 2010
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Government is now printing out of thin air approaching $2 trillion dollars and handing it to over 100,000,000 people to consume.
That consumption is driving much of the income to the rest of the economy including many of our investments and incomes to tens of millions of people.
The problem is the $2 trillion never existed in the first place......it was not created out of production and obtained through taxes...but simply printed out of thin air.
When our politicians are openly saying unemployment benefits create jobs.....you begin to scratch your head and wonder what future lies ahead for our nation.
Now most Americans have jobs and "wealth" simply because government is giving massive amounts of printed money to people without jobs so they can spend and consume massively.....and at the same time we are cutting off credit to the producers.
We are killing the producers and rewarding the non producers. This only keeps up until production gets so low that there will not be enough supply for everyone....and that is where the tensions will become palpable as more and more will be fighting for less and less.
I am not sure what will wake America up....it is amazing how so few understand that we are all now depeendent on the Federal Government printing trillions and handing it out to non producing people so they can consume against a collapsing production base...........
The unsettling point will ostensibly arise when government can no longer print the money because few will accept it....at that point, all of our options will be very limited as we approach our Independence Day.
I have been blogging about this for three years and still so few get appreciate the gravity. It was all so easy to foresee what would happen once the bankers cut off credit to a credit dependent consumption based private economy.....the private economy would collapse and we would all directly or indirectly depend on government handouts to survive.
We are now here as production continues to collapse around America. If we don't restructure the debt on the private economy very soon, practically every asset in America will be owned by government or a few select bankers.....and at that point, what will freedom mean?
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