Where is John Galt?

Where is John Galt? Follow along as we find out!

Friday, October 18, 2013

…AND THEY’RE BACK

Here we are now a full day with the Government back in business, and what do we have to show for it? Well how about nothing, squat, nada, zilch, zero, frankly we have less than zero. With the Government up to its usual foolishness, we have approximately 16 trillion less than zero.

Now I don’t want to beat a dead horse, but when is enough, enough, anyone with a lick of sense would tell you that when your bank account is in the red, you stop spending. But, not our “leaders” for some reason they seem to believe that governments somehow are exempt from the same economic laws that the rest of us need to live with. What really scares the heck out of me is that there are grown adults in the world that believe that line of tripe, that somehow a country doesn’t have to recognize the law of supply and demand simply because it can print its own money. Even worse, if you try the same trick, the government man will put you in jail for Counterfeiting, even though the government does it all the time, with no repercussions. Sure, the Government has that right pursuant to section 8 of the U.S. Constitution

“…To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;…”

Nowhere in there does it say that the government has the right to turn over the production of the Governments script (money) to a private banking cartel, or to print funny money of its own.

I would like to see the United States return to a ‘real’ Money standard; I have never liked paper fiat money. There are several reasons for this, first it doesn’t feel right, Gold and Silver have weight and sound to them that is more ‘real’ than an equal amount of paper. Granted paper money is much easier to carry, but it doesn’t jingle, or have a heft that coin carries with it. Secondly, you can’t bury yourself in debt. If you don’t have the resources, you can’t have the money. The United Stats was much better off when it had to have assets to back up the public debt rather than “the full faith and Credit of the United States”. Trading on a good name is fine when you can pay your debts, but when being in debt becomes a habit, you would think your creditors would begin to get nervous.

Which unfortunately seems to be happening, China, one of our largest foreign creditors, has downgraded us, while that might not be of immediate concern, it does speak volumes to the future. The U.S. Debt has been downgraded twice in our history, both during Mr. Obama’s tenure. Think what you will of that, but in my opinion, it shows either a complete lack of understanding and leadership, or it is intentional mismanagement designed to destroy the Country.

I don’t want to think that someone with Evil intent could be elected to the highest office in the Country without someone of Character speaking up, but I find it hard to fathom the level of incompetence required to damage an economy as resilient as the United States as well.

If anyone has a third option, I would be open to suggestions…

Intense Debate Comments