It Can Happen Here
After World War II, the United States became a world leader because we had a select place on this planet.
We had the climate, the geographical protection of being bordered by two oceans, the natural resources and the right attitude of a population supported by a constitution and rule of law, second to none.
The economic encouragement from the entrepreneurial drive-based capitalistic system worked.
Capitalism flourished because of low taxes, sound money and minimal regulation. Now, we practice the dead opposite of what made us great. Our country is in the grip of a false doctrine. Socialism and intervention have replaced capitalism as the dominant economic philosophy.
To quote James Cook, president of Investment Rarities Inc., “We’ve seen the mess that socialism left in Russia when capitalism died.
Nevertheless, our so-called intellectual leaders have sold the public on the idea that capitalism harms them. The end of capitalism means the end of Western civilization. The anti-capitalist trend in America means the end of America.”
With the blessing of this president and the spendthrift Congress, Ben Bernanke is debasing our currency in order to maintain the fiction that trillion-dollar-plus annual deficits and a more than $16 trillion national debt don’t matter.
To keep us floating, the Federal Reserve is purchasing our own debt (to the tune of about $85 billion per month). We are just printing more money without any backing! This approach has always led to hyperinflation followed by depression.
Please do not think that it can’t happen here, the greatest, financially strongest country in the world. It certainly can and almost certainly will.
You should prepare yourself for the day that comes when dollars will be totally worthless. It can’t be far off now.
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