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New Year Reveals Americans Hopeful, But Realistic

January 1, 2009

new-year-revelry-2009The New Year revelry has passed. As is usual for a new year, Americans are ever hopeful. Rightly so, since, as a nation, we have triumphed over much and have been widely prospered in many ways. Most Americans haven’t given up on America just yet, even with the dark economic straits that the nation is in. Bush is on the way out and Obama is taking the reigns. Russian wunderkind, Igor Panarin is openly declaring the end of the good old United States. You can consider ol’ Igor a crank if you like, but you would be better served to consider this as a wake up call of sorts, even if you think that the  Russian academic is indulging in wild fantasy.

While most polls demonstrate Americans are hopeful by a three-quarters majority, a World Net Daily poll shows that a majority of Americans participating in the poll agree that the United States stopped being the United States years ago followed by the idea that the U.S. won’t break up, but will continue to lose sovereignty to the U.N. and other global entities. Most Americans don’t consider Igor Panarin’s statement as expert testimony, but see with their own eyes that America has significant challenges ahead at the very least, never mind that fact that tens of thousands of criminals  continue to run amok in the finance and banking system that has brought the country to it’s knees. Uncle Ben Bernanke’s public stand is that the blight is only about financial literacy. Please…Are American’s that stupid?

new-year-2009Some see Barack Obama as the reincarnation of old American hope and principles, even though his party doesn’t necessarily stand for those principles. Until his inauguration and the proof of his leadership, many Americans hang the entirety of their hope for this nation on his shoulders. That is a lot of pressure for one man considering the kind of politicians we have in Congress (not counting Ron Paul, of course).

Now that economic calamity has threatened the nation and the world, what is seen as a complete moral collapse by many outsiders and some insiders seems to have real implications for the future of the United States. The fine folks that brought the nation into the mess it is in are making the blight worse unless you love the prospect of a force majeure with central bankers.

For those that still remember the Constitution, the document was ratified by the nation’s founders for the governance of religious people that understood right from wrong, while desiring to manage and govern their own lives. Therein may lie the nation’s real problem. Could somebody like Igor Panarin be right or is he just as “rotten to the core” as we are?

~ E. Manning

2 Comments leave one →
  1. as1776 permalink
    January 2, 2009 11:37 am

    Quantitative Easing Won’t Work

    In a Liquidity Trap although Saving (S) is abnormally high investment (I) is next to 0.

    Hence, the Keynesian paradigm I = S is not verified.

    The purpose of Quantitative Easing being to lower the yield on long-term savings doesn’t create $1 of investment.

    It does diminish the yield on long-term Treasury Bonds but lowers marginally, if at all, the asked yield on savings.

    This and other issues are explored in my tract:

    A Specific Application of Employment, Interest and Money
    Plea for a New World Economic Order


    This tract makes a critical analysis of credit based, free market economy, Capitalism, and proves that its dysfunctions are the result of the existence of credit.

    It shows that income / wealth disparity, cause and consequence of credit and of the level of long-term interest-rates, is the first order hidden variable, possibly the only one, of economic development.

    It solves most of the puzzles of macro economy: among which Business Cycles, Stagflation, Greenspan Conundrum, Deflation and Keynes’ Liquidity Trap…

    It shows that no fiscal or monetary policy, including the barbaric Quantitative Easing will get us out of depression.

    A Credit Free, Free Market Economy will correct all of those dysfunctions.

    The alternative would be, on the long run, to wait for the physical destruction (through war or rust) of most of our productive assets. It will be at a cost none of us can afford to pay.

    A Specific Application of Employment, Interest and Money

  2. January 2, 2009 9:51 am

    Nowhere is it written in stone that the American empire will last forever. Conversely, no where is it written in stone that the American Republic must implode. We are doing this to ourselves. There is a growing body of the public aware of the issues:

    1) Empire building/maintenance: troops in 130 countries, 1.1 million man standing army, perpetual conflicts, unyielding military-industrial complex, etc.

    2) Erosion of Constitutional limitations on government power, enabling unprecedented interest-group pillage of national Treasure, and unconstrained growth in scope of federal programs

    Americans have been on a steady path of abdicating control of their lives to public officials for centuries; post WWII has seen an acceleration of this mentality, whose only result will be creation of an un-American American that implodes upon itself. We can, at any time, reverse this course and reign in our governing bodies. We can once again embrace the freedom we rhetorically cherish, the freedom that was earned by our Founding Fathers.

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