Imagine you and me are setting across from each other. We create enough money to represent all of the world’s wealth. Each one of us has one SUPER Dollar in front of him.

You own half of everything and so do I.

I’m the government though. I get bribed into creating a Central Bank.

You’re not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with.

All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world!

That isn’t the only thing though. You need to get busy and get to work because YOU’VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED.

That to me represents what has been happening to the economy, and us, and why so many of our occupations just can’t keep up with the fake money presses.

They have been beating us with our own stick!!!!1

The author is quick to point out what a drain “baby boomers” are on the economy. Most of the parents of boomers did not pay SS taxes their whole life, while their children did. So they have earned their benefits ten times over.

The quickest “fix” to the economy is to rid the country of illegal squatters from Mexico, who are costly the U.S. BILLIONS every year. California is THE canary in the coal mine. The only taxes the invaders pay are for PURCHASES. Add THESE tax payments and subtract entitlements (EIC tax refunds, food stamps, health care, etc) and you will see a NEGATIVE tax flow of about $40k per year for the AVERAGE Hispanic family with five children.

Of course of the two “drains”, Obama and his suicidal ilk would rather set up “death panels” than find, arrest, and deport the freeloading invaders.

The author here should be concentrating his attention on the other “HORDE”.

In any event, massive debts are never a good thing for any country, individual or company. Too much debt will cause bankruptcy and economic disaster. On this, the article is dead right.

It was debt expansion during the 1920′s that caused the initial depression. It was the continued resistance to deleveraging through more debt creation during the 1930′s that caused it to last so long.

Increased borrowing and debt only serve to move future purchases into the present. There is only so much of the future that can be forced into the present. This ultimately gets corrected by a future contraction.

http://www.trueliberty.us/Money.html

TY

Actually, only the Crash happened in 1929, it didn’t even make headline news, it took three years for that even to filter through the economy. The Great Depression was not a single event, but a number of missteps, particularly by the government’s own interventions.

Today, everything about our social and educational system renders people dependent to the point of being infantile. School prepares your for…more school. More school prepares you for more of the same. Along the way, you’re led to believe that “experts” or others in authority know better than you do. That, I believe is how it’s possible for people to buy things of which they have no understanding (e.g., derivatives) from people who know only a little about them but who were “assured” by some number-cruncher that the risk was minimal.

But to blame the “exporting” of jobs to other countries as a cause of delaying recovery is just plain bad economic analysis. This assumes that the quantity of jobs is somehow fixed, so they can either stay in a country or be “shipped” to other countries, like wood, steel or any other commodity. The reality is that jobs are services performed in exchange for income; they are not commodities.

As another commenter noted, forcing companies to keep the jobs they offer here in the US will only impose additional costs on everyone, and we’ll all then be even worse off than we already are. If anything, the relatively cheaper labor being hired abroad is most likely softening some of the harsher edges of the current recession by giving us relatively lower prices on certain goods.

Instead, people should ask themselves: How is it even possible that the government can wrack up this much debt in the first place?

The answer is that they have this nifty little custom-made central bank, the Federal Reserve System, which can buy up any U.S. gov’t debt not sold to other central banks or private investors by simply printing new money–money that is not backed by any scarce commodity, such as gold, which was historically the voluntarily chosen money for centuries prior to our modern age of centralized banking and fiat money systems.

It is this constant inflation of the money supply for the past century or so that has gradually driven up prices and thus has driven U.S. companies to hire cheaper labor abroad and has prevented other companies from hiring more labor here. (Additionally there’s gov’t favoritism of unions, which also contributes to unemployment, though unionism is most likely a reaction to inflationary pressures as workers see the real value of their wages decline over time.)

Fiat, debt-based money issued by a central bank enables government to wastefully deplete scarce resources over time and eventually burn through real savings. THAT is the ROOT of the problem. Only a return to 100% commodity-backed money–which naturally disallows monetary inflation–will enable scarce resources to be used for purposes actually valued by the people and thus result in a long term and sustainable economic recovery.

These Int’l shylocks that have taken over every major nations banking and money issue one by one have been bleeding us thru the stealth tax of inflation (the more money units created from thin air – the less each one will buy), and as well, the compounding annual interest expense on the total debt.

100yrs these banksters have been fleecing the world’s peoples, controlling their economies and corrupting their politicians with “credit card” fiat payable by who knows ho wmany generations now yet to be born.

Thay have MADE (stolen) ENOUGH already, and have amassed powers over and through our govt never contemplated as representing anything but debt slavery to our founding fathers who put the specie (gold/silver) clause in the Const for what they already witnessed the MO of the shylocks to be.

SOLUTION? Stiff ALL the banksters their sovereign debts and let them piss up a rope for a change.

Reconfiscate our nation’s stolen gold, let gold and silver trade alongside the FRN until the FRNs are all gone, then try and hang the shylock traitors for what they are and always were – robbers with unconst’l govt sanction.