The Freeman's Burden:

To defend the principles of human liberty; to educate; to be vigilant against the ever expanding power of the state.

Thursday, February 28, 2008

Economic Collapse Rapidly Approaching, Fascism to Follow?

US Dollar (1999-Present)

Silver (1999-Present)

If you really want to know what is going on with the US economy, just look at the flight of dollars into commodities. As the dollar tanks, banks write off billions in bad loans and the Fed Kabuki Theater becomes theater of the absurd, dollar flight into tangible assets continues to climb. Look no further than silver which has seen a 30% rise in value in just the first 2 months of 2008. Since Bush took office and the Neo-Conservative Welfare/Warfare state was fully initiated, silver has risen almost 500%!

The million dollar question (a million will buy a loaf of bread and a coke in another 6 months) is this: Is the Bush administration and the Fed criminally incompetent, incapable of controlling the economic tsunami now cresting, or is the darker, more nefarious assumption that they are intentionally destroying the dollar in order to initiate the introduction of a unified Amero and a fascist state less the stuff of conspiracy theories then we would like to admit?

Whichever it is, history tells us that we are teetering on the edge. A careful study of inter-war Germany and 20th Century Latin America shows that the rise of totalitarian regimes is led by economic collapse.

Simply put, authoritarianism needs a desperate and impoverished population to take root. The commonality throughout recent history is that a debased currency is a necessary condition for totalitarian rule. Inflation in the 100% to 25,000% is common in these historic scenarios. Or, if you look at it from the other side, a wealthy and robust middle class is the best hedge against anti-democratic forces.

But today, it is the middle class in this country that is being wiped out by the destruction of the dollar, thus creating the space necessary for greater and more oppressive state-led control. If you are inclined towards believing that the worst intentions are responsible for this crisis, then your concerns are buttressed by a careful reading of recent legislation and Bush administration directives.


Anonymous Anonymous said...

Its over. I feel pain for my children. I will do everything in my power to help them through this and hope they can lead productive lives.

9:27 PM  

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