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Morality is Liberty without Force

Browsing Posts tagged economic collapse

Over the past few months, I established website No-Ruler.net with Blogger.

We have seen ever-increasing collectivism using the immoral Force of government to bring upon America an totalitarian government which has proceeded to set aside our Constitution.  This is nothing new, but we have passed all possibility of return.

The collapse we have been writing about here on Morality101 for a couple of years remains largely ahead of us.  The more government manipulates with TARP and “Stimulus”, the real effects are delayed but building up to cause this “recession” to become the deep dark abyss of the Greatest Depression this world has ever known.  It will result in bankruptcy of the U.S.A. and of most or all other countries; a collapse not only of the monetary system but of the governments as well.

Please visit our article http://no-ruler.net/blog/secession/.   As we anticipate that this work will take most of our attention over the next several months, we could certainly use comments, feedback, and related articles there.  So please also register so that you can participate!

If you are in tune with us here, the biggest help you might be is simply forwarding the No-Ruler article to everyone you know!  The more quickly we can spread the word, the better our chances will be of avoiding the battles of revolution.

And since it’s that time, Merry Christmas and Happy New Year.

CNSNews.com – Chief Treasury Economist Says White House Economic Forecast is ‘Smoother’ than Can Be Expected in Reality.

(entire article reposted here – please comment!)

Alan B. Krueger, U.S. Assistant Secretary of the Treasury for Economic Policy


Tuesday, September 08, 2009
By Matt Cover
(CNSNews.com) – Alan Krueger, assistant secretary for economic policy and chief economist at the Treasury Department, told reporters that the economic projections used by the White House–which foresee a decade of uninterrupted economic growth ahead–are “smoother” than what can be expected in reality.

Even with this smoother-than-reality economic forecast, the administration is predicting that the federal government will run up an additional $905 billion in deficit spending over the next decade, almost doubling the national debt.

Krueger, speaking to reporters at a Friday briefing, said that while the administration’s Gross Domestic Product (GDP) growth forecasts were largely in line with private estimates, numerous factors could affect and alter those estimates.

“It’s the nature of forecasting that forecasts typically are smoother than the realizations,” he said. “Your hope is that the ups and downs balance out and, on average, are on the forecasted path.”

What Krueger did not mention is that, while the administration’s projections are close to those of private economists, known as the Blue Chip Consensus, those private forecasts only extend through 2010, while the White House’s extend through 2019.

When asked by CNSNews.com if the fragility of the administration’s projections meant higher budget deficits in the future, Krueger said that deficits were inevitable during bad economic times.

“Deficits are inevitable when you’re trying to recover from such a steep recession,” he said.

Krueger also said that, because of that steep recession, it was impossible for the administration to produce a balanced budget in the short term, saying such an idea was not “advisable” for Obama.

“In fact, it wouldn’t be advisable to have a balanced budget at this point or anything close to a balanced budget at this point,” he said.

In the longer run, however, Krueger said that the administration planned to put the budget back on a path toward fiscal responsibility, saying that the country relies far too much on borrowing and not enough on public investment.

“One has to draw a distinction between the short run and the long run,” he said. “Certainly in the longer run the administration plans to put the budget on a path that’s fiscally responsible.”

“In the U.S., I think that we rely too much on borrowing and short-term consumption at the expense of longer-run investment, public infrastructure,” he said. “The president has said that it’s very important that when we emerge from this recession that we build a stronger foundation, one that’s less susceptible to these kinds of boom-and-bust cycles.”

However, the Obama administration’s projected budgets rely on what Krueger criticizes: borrowing to finance short-term consumption.

For example, the Obama administration projects that, as a result of its 2010 budget, the federal government will run a cumulative deficit of $9.05 trillion by the year 2019. In total, the government plans to spend $43 trillion during the next decade while taking in only $34 trillion in tax revenue.

In no year between now and 2019 does the administration plan to balance the budget. In fact, the smallest single-year deficit Obama plans to incur is $739 billion in 2015, after which time the deficit will begin climbing again until it hits nearly $1 trillion ($917 billion) in 2019.

However, Krueger claimed that it was a “very important” part of Obama’s budget to move the country toward “responsible budgeting” and a “more sustainable” path.

“That’s why it’s very important, in the administration’s budget, that we make the critical investments in human capital and physical infrastructure, responsible budgeting, health care reform, clean energy, to move the U.S. to a more sustainable economic path,” he said.

The Five Financial Shockwaves to Expect When China’s Yuan Swaps Places with the U.S. Dollar | Overseas Stock Markets. | Overseas Stock Markets.

This article is from Australia, for goodness sake!  It’s written more for the viewpoint of investors, but will apply to everyone.  Obviously Australians can see past the brainwashing better than we Americans!

Due to the continuing increases in the debt, now beyond any ability of America to pay, our vaunted dollar will most surely collapse.  This article says it will be replaced by the yuan of China; well maybe, maybe something else, but which doesn’t really matter.

The USA Fed and Treasury will be unable to maintain the charade forever.  Adding to the debt will absolutely result in severe inflation or hyperinflation of our dollar, and America will be forced to admit bankruptcy.  That will mean that all the funding for defense, collectivist shams, … everything, will cease.

The government and it’s welfare system will be unable to pay itself to send you more checks, because it is out of “real” money.  This will be the economic collapse, far worse than the Great Depression.

It will be plain hell falling into that abyss.  The many who have never learned to be self-sustaining. who have survived only via the welfare system, will have no means of buying food or services, no reserves, and will resort to being the thieving criminals they have always been.  There will be severe shortages of everything as producers fail and their goods and services disappear.

The bright light at the end of that tunnel can be the opportunity for, either Anarchy (NO RULER) or a new constitution, which severely and absolutely limits the powers of government and it’s force upon the people.

We must return to Reason and assert our true Right to Life.  Either we get it together at that time, or humanity, if it survives at all, will return to the Stone Age.  All the alternative scenarios are too horrible to even think about.

This article, while oriented to investors, holds much which must be grasped by we everyday folk.  Understanding it will not be enough, for each of us must act to prepare for the events ahead.

Failure to use your mind and your Reason may well mean that you cannot survive.

ONLY LIBERTY IS MORAL.  Force and Sacrifice of collectivism is the immoral cause of this collapse, and if one fails to choose liberty, humanity can well disappear.  The leftist brain-dead altruists are not your friends, they are your mortal enemy.

See it now, or you’ll see it later the hard way. Ditch them!

This began with my writing this comment at Digg about Obama’s refusal to disclose his real birth certificate:

The original article posted here on Digg was poorly written, obviously Lily Gordon didn’t grasp the basis for Major Cook’s stance. Therefore the Digg blindfolders went wild and the thread quickly deteriorated into a plethora of racist and homosexual denigration which had nothing to do with Obama’s continuing evasion.

Nothing changed; America still hasn’t seen a real B.C. The courts sidestep the issue time after time on the basis that nobody has “standing”, etc, etc, ………… leaving little but a game for the lawyers to play. The paradox is that nobody, including SCOTUS, can order Kenya to open it’s vault.

The Constitution has failed to protect America on this and on everything which has ensued. As a result, America is being overrun with unconstitutional and immoral collectivism via the “president” who isn’t. Obama and his lackeys will never cooperate by disclosing the real B.C. This is simply a crime against humanity.

Therefore, that which has been forced upon the American people can be set aside from the abyss of the progressing economic collapse which may include government collapse. With the people then finding it necessary to rethink everything, finally reinstate the morality of liberty, and restart with a clean sheet of paper, perhaps humanity can survive and be all it could be.

This does not mean I am giving up on the push for the real BC, but this mountain may be impossible to climb, and the death of America is then inevitable.

There can be only one reason that Obama & Co. has not, and will never, reveal Obama’s true and real birth certificate.  That only possible reason is that whatever and wherever it exists would serve only to prove that he is not a “natural born citizen”. To make this available to the citizens would result in Obama’s immediate removal from office, open him to charges of malfeasance and treason, and render his every action as president null and void.  This will most certainly be called a Constitutional crisis, but less harmful than what this fraudulent communist has already done toward the destruction of America.

If we “birthers” were wrong about this, it would have been easy to prove us wrong by simply laying that real piece of paper out where the citizens could see it.  All the time which has passed serves as incontrovertible fact that Obama is not a “natural born citizen”, which renders his cohorts as partners in crime.

The only way out of this dilemma might be if some court actually orders Obama to produce his true BC, which will eventually be appealed all the way to the Supreme Court, which will then finally hear this matter, but SCOTUS seems most unlikely to uphold such an order due to some reason of “standing” or else-wise.  Once again the people will realize that our Founders, who did their utmost to write a solid Constitution, left too many gaps which have come to be exploited over these 230 years of “legal” nitpicking.

Now, after these many moons of avoidance, if any such BC were to magically appear, it would be subject to great distrust, the reasonable expectation being that Obama & Co managed to bribe a and hire a very few persons to create a forged BC along with related indexes and such.  This would trigger the need for placing such BC under the microscope of scrutiny, and eventually the real truth would become the subject of infinitely more debate.  That would be a no-win never-win situation for our entire nation.

My expectation is that our divided nation will eventually find itself in revolution pitting the “Obamabots” against the “Wingers”.  Nothing will be resolved, but many gallons of blood will be shed.in a horrible exercise of futility.  History must then conclude that all of this could have been avoided by Obama simply disclosing the truth, thus Obama will be deemed responsible for such disastrous events regardless of the outcome.  Most assuredly some historians, those more interested in “Change” than in Truth, will attempt to reach other conclusions.

While I could continue this for many pages, I choose to close this here, and return with one or more articles on where we go from here.  Hopefully those will be published very soon.

Triggered by post/article at

http://digg.com/politics/Obama_birth_status_story_sparks_storm_of_Web_traffic

Published also to

http://digg.com/d1xHuO

Facebook and Twitter



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With unemployment on the rise and the economy sinking like a stone, the Democrat/Socialists are going to demand more of your hard earned money to finance a pie in the sky healthcare scheme, or should we say “scam” that will take over what little remains of your private life.

…Face it America! The revolution is over… and YOU LOST! Socialism won – because you didn’t even show up to fight!

via Faultline USA: US Economy in the Tank – Dems Push For Massive INCOME TAX INCREASE!.

also submitted to http://digg.com/d1whYe

Deflation Vs. Inflation: The Great Debate Rages On – Marc Courtenay — Seeking Alpha.

As we celebrate the 4th of the July in the USA we find ourselves at a tipping point that will impact our financial conditions and quality of life for many years to come.
Most of you know I don’t create or sell any of my own trading services and I’m known for fiercely independent analysis. If I were selling a product or a service in the western world in the summer of 2009, would I be able to keep my prices at current levels? Would I have to lower them in order to keep up with the competition and/or accommodate the sinking incomes of my customers?
Robert J. Samuelson wrote an insightful article in Newsweek magazine recently titled “Deflation and Inflation? The Fed Could End Up Facing Both”.  What he wrote speaks to the confusing and paradoxical nature of the bizarre times we are living in.
“To make sense of today’s most perplexing economic debate–whether we’re flirting with inflation or deflation–it’s worth recalling what happened after WWII. Under intense political pressure, President Truman lifted wage-price controls. All heck broke loose.

“Suppressed during the war, wages and prices exploded. Autoworkers, steelworkers and others went on strike for higher pay. In 1946 and 1947, consumer prices rose 8.5% and 14.4%, respectively.

“What’s instructive,” writes Samuelson, ” is that prices then stabilized. There was no wage-price spiral as occurred in the 1960s and 1970s. True, a mild recession in late 1948 and 1949 helped temper price increases. But inflation subsided mainly becuase people dindn’t expect it to continue.
They’d lived through the Depression, when prices declined. Except for wars, American prices were usually fairly stable.
The lesson for today: psychology matters [that is why consumer confidence, or the lack thereof, is so important]. What economists call “expectations” shape how workers, managers, investors behave. If they fear inflation, they act in ways that bring it about.
“The converse is also true, as the late 1940s show. The lesson provides context for today’s debate. Are the Federal Reserve’s easy-money policies laying the groundwork for higher inflation?
“Or, will these policies prevent deflation–a broad decline of prices–that would deepen the economic slump?” Samuelson goes on to give the numbers we have all read a hundred times including “…to lower long-term interest rates, it’s [the Federal Reserve] pledged [to buy] $1.25 trillion of mortgage securities backed by Fannie Mae and Freddie Mac and $300 billion of long-term Treasury bonds.”
We all know these steps are without modern precedent. We also have been told that the billions and billions of bailout dollars that have been “loaned” to the banks have not made their way into the US economy yet. continue reading…

Striker101I have wasted most of this past 13 months on Digg.com, in futile jousting with immoral collectivists who do not and will not understand the morality of the personal right to life of each individual on this planet, who seek to use the Force of government to negate our right to property, and don’t give one rip about the objective of happiness.  Our right to property is now diverted from sustaining our life and enhancing our happiness, and is now instead being ripped from our hands (stolen) toward furthering the immoral goals of collectivism via Force.

Much time was simply wasted, trying to avoid reading trivia completely irrelevant to the ongoing economic collapse, and even more trivia wading thru irrelevant comments often nothing more than ignorant abusive blurbs consisting of nothing more than FU, FTW.  While we still hang onto the thread of freedom of speech, having to deal with such ignorance wastes everyone’s time and energy for naught.

During this period we have been clobbered by the burst housing bubble, bailouts serving only to increase the national debt, to the election of a non-citizen communist who now purports to be the president of this new USSA, to an infinitely broad “stimulus bill” which we have now seen serving only to increase the already impossible mountain of national debt.  This cannot be funded because the Federal Reserve cannot find buyers for the T-bills and T-bonds, thus Government cannot pay it’s bills nor even fund the bailouts and stimulus.  This is a GOOD thing, although we doubt the liberals and socialists and collectivists will not understand this just yet!

So what has this to do with Digg?  Well, just yesterday Digg ended it’s Shout feature, which was the way we could pass good articles to our friends.  Digg now suggests Facebook and Twitter be used to compensate.  Now I don’t know that you feel this way, but having to play KissyFace and Tweeting is not my idea of useful productive time on the internet, so you’ll not find me there.  If someone knows an equally active social website devoted to active and serious discussion of philosophical political issues and ideas, PLEASE comment and let me know.

But worse with Digg is it’s now blatant attempts to promote bleeding heart crap and to conceal or even delete anything relevant to true Liberty and the current actions of Government seeking to destroy that last vestage of Freedom. For that reason alone, I am done with Digg.com.  I may submit more (of Morality101) articles to Digg, but will not be otherwise participating.  I see no compelling reason that Digg will survive these fatal mistakes.  Leave that to the collectivists to have a mutual admiration society and continue to scheme how to gain more powers to Force.

I hope to convert this blogger into THE major forum for the serious ongoing discussion mentioned.  I wlll need your help to accomplish this, there is too much for me to learn about doing this and so I need the collaboration of others.  I barely know how to “Submit” an article here via WordPress, much less to set up the tools for good interaction between us.

So, requested action(s)

  • My email address is available only  to my Friends who know me as Striker101 on Digg.  If you are one of those, please either use your Digg handle or else email me so I know who you are.  You will be authorized as Authors and thus allowed to Post and to Submit.
  • To others, you will find my eaddy at the root website of http://morality101.net.
  • ONLY to those who understand the foundations of Objectivist or Libertarian philosophy, REGISTER here at  Morality101 so that you can participate, and then DO participate.
  • We are not here to argue with collectivists, who are wholly without virtue.  We are here to expand upon the likes of Ayn Rand and Ludwig von Mises.  We are here to destroy collectivism before it destroys Capitalism, the free market and Liberty.

Leave your comments HERE, don’t even bother with Digg anymore.

…the current level of government involvement in the economy is almost unprecedented in American history…even though the current housing and financial crisis was brought about by government regulations, controls, and widespread interference with the markets, all we hear from the left and the right are calls for more government regulations.

read more | digg story

3rd Infantry’s 1st BCT trains for a new dwell-time mission. Helping ‘people at home’ may become a permanent part of the active Army.

They may be called upon to help with civil unrest and crowd control.

Yeah, don’t they call this martial law?

read more | digg story

Read it and weep. The reason? Hyperinflation is here at last!
The ongoing bailout insanity will only delay for a bit, and then will make things worse. I am happy to say I told you so.

read more | digg story