Unsustainable Trends Eventually End: The Problem with Our Economy

“Unsustainable Trends Eventually End”

That is a law of nature that, our common sense tells us, will always hold true.

Our common sense also tells us that the surging U.S. public debt is an unsustainable trend that can only end in disaster. The problems of our economy can not even begin to be addressed until this fundamental cause is addressed. Yet the morally bankrupt politicians in Washington continue to throw billions of dollars at the problem, which is like pouring gasoline on a raging fire in hopes of putting it out.

You can not expect the people who got you into a problem to get you out of it. Somehow they expect to get us out of the problem by doing more of what they did to get us into it in the first place! (This is not rocket science.)

Peter Schiff recently pointed out that foreign Central Banks are now putting only one third of their new reserves into dollars. A year ago it was two thirds! They are not dumping the dollars they already own–YET–but this is the first step. They are now putting two thirds of their reserves in the Yin, the Euro–and as we have pointed out before–in gold. The next step will be the outright dumping of the dollars they already own–a process that has already begun, if only by a trickle, as we have seen China, for example, converting her  reserve dollars into hard assets, like commodities and gold. You see, the U.S. government can’t print gold like they print “monopoly money.”

This will eventually result in a total collapse of the dollar, which we will experience as hyperinflation.

Other fiat currencies will suffer the same fate (and all currencies are now fiat–with no backing whatsoever by gold or silver.) We have seen this coming for years, but it is finally at our doorstep.

Many believe that within a year we will see a full currency crisis, dollar collapse, and hyperinflation. “The impact will be Biblical.”

Foreigners have been telling us, their words now backed up by their actions, that the days are limited in which they will be willing to lend us the money we need to sustain our debt. They are concerned because they know that our situation is unsustainable, and the crisis is rapidly coming to a head. The U.S. has become a dangerous credit risk! (See “Central Banks Are Stealthily Dumping Their Dollars…Perhaps You Should Too!“)

At first this may sound like bad news–but it is necessary–so in the long run it will be good, because remember:

Unsustainable trends eventually have to end, and the sooner they end, the sooner true recovery can begin.

When you take a heroin addict off his drug, at first he suffers. But eventually he has to detox and in the long run he will be better off for it. The alternative is death. Our criminal politicians, who are addicted to spending money, and who have addicted our economy to money printing and debt, will have to be taken off their drug, or else it will mean the death of our nation.

It was money printing, debt and irresponsible government spending that led to our current economic crisis. You won’t hear much talk about this from our politicians (with the exception of Ron Paul), nor from the financial media, but our problems go back much further than the recent collapse of the housing bubble and resulting credit crisis–problems which were in turn created by loose monetary policy (artificially low  interest rates and unchecked creation of new money and debt.) These problems were in turn created by the Federal Reserve, and it will only be with the elimination of the Fed that our economy will be allowed to truly detox!

Their attempts at stimulating the economy, with more money printing and government spending, is like giving the heroin addict another dose of his drug. He feels better for a short while, but in the end it will  kill him.

Obama's Trillion Dollar Bill--Be Afraid...Be VERY Afraid--("But it's only paper!")

Obama's Trillion Dollar Bill--Be Afraid...Be VERY Afraid--("But it's only paper!")

We need to detox–We need to detox our economy of the drug of money printing, financed by debt, and we need to detox Washington of the criminals who are sitting in the White House and Congress. It bears repeating:

You can not expect the people who got you into a problem to get you out of it, especially when they are proving every day that the only thing they know how to do is the same thing they did to got us into the problem in the first place. 

Some people criticize me for calling our politicians criminals and referring to them as morally bankrupt. But let us not forget that these are the same people who stole all the money that Americans paid into Social Security, to spend on pork barrel projects–currying favor with their supporters–to insure their reelections. They are also robbing our children of their future by enslaving them with insurmountable debts. If these are not immoral and criminal acts, then what is?! And now Obama is surging ahead with dizzying deficits, escalating the war (while shamelessly accepting the Nobel “Peace” Prize) and pushing social programs which a bankrupt nation can not afford!  WHEN WILL WE PUT AN END TO THIS MADNESS?! (See “Obama has made it perfectly clear that he is willing to sacrifice the dollar in order to achieve his social agenda.“)

I sincerely believe… that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.–Thomas Jefferson

To preserve the independence of the people, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.–Thomas Jefferson

Then I say the earth belongs to each of these generations during it’s course, fully, and in their own right. The 2d. generation receives it clear of the debts and incumbrances of the 1st., the 3d. of the 2d. and so on. For if the 1st. could charge it with a debt, then the earth would belong to the dead and not the living generation. Then no generation can contract debts greater than may be paid during the course of it’s own existence.–Thomas Jefferson

For more on this topic see previous posts on this blog: “Demise of the Dollar Inevitable” and “The Impact Will Be Biblical.”

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The New Survivalist.com


4 Responses to “Unsustainable Trends Eventually End: The Problem with Our Economy”

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  1. 1 Is Inflation in Your Future? « The New Survivalist Trackback on November 5, 2009 at 4:34 pm

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