When All Else Fails

Perfidious Profligacy

by David Simpson, LDL

As a financial advisor the toughest part of my job these days is reading the economic news.  What’s worse is seeing the accelerating decline of my beloved country.  But worse still, and perhaps worst of all, is seeing the planned use of financial terrorism, international economic blackmail, to foist upon the world the socialist internationale.  Before you disregard me as a crackpot, allow me to explain.

This report hit today’s* news:

Russia, China, others urge diverse monetary system

YEKATERINBURG, Russia – Brazil, Russia,India and China say the world needs a more diversified international monetary system.

The four so-called BRIC nations are concluding their first summit with a final statement calling for the reform of global financial institutions to reflect changes in world economy.

They said Tuesday there is a strong need for a stable, predictable and more diversified global monetary system and urged support for a more democratic and just “multipolar” world order.There was no explicit mention of the U.S. dollar or the United States in the statement.

Be prepared to hear a lot more from the “BRIC” nations (or some other conglomeration) pushing for regional or world currencies and for a new “world order.”  Neither of these ideas are new nor is the call for their implementation (can anyone say “European Union”?).

What is new is the urgency of the call and the setting up of the contestants for battle.  Consider this:  The BRIC nations are 4 of the 12 largest economies in the world (based on the IMF’s 2008 GDP figures) and, excepting only Japan, are the only non-Western nations on that 12-nation list.   Combined their four economies equal 62% of the United States’ GDP.  In short, they are a formidable foe.

Do they consider us a foe?  Well, we’re all familiar with the historical stances of Russia and China towards the United States, but check out this quote from Brazil’s mad-man of a president and you decide:

During a press conference, da Silva, a socialist who told [Britain’s Prime Minister] Brown poor countries should not have to suffer because of the mistakes of the rich, suddenly pointed his finger at Brown and said, “This is a crisis that was caused by white people with blue eyes. And before the crisis, they looked as if they knew everything about economics.”

Hmmm?  Class and racial warfare.  Pretty standard fare from the likes of totalitarian megalomaniacs like da Silva.

So do I predict an all-out war between the United States and the BRIC nations?  Actually no, but that does not mean that the threat of war (even world war) or graphic descriptions of economic catastrophe will not be used to convince the beleaguered American public to accept the real end: a global monetary system (re-read the BRIC statement above).

It has already started, as evidenced from this recent “scare”port:

The cost of daily living, from buying food to getting medical care, will become difficult for all but a few as the dollar plunges. States and cities will see their pension funds drained and finally shut down. The government will be forced to sell off infrastructure, including roads and transport, to private corporations. We will be increasingly charged by privatized utilities—think Enron—for what was once regulated and subsidized. Commercial and private real estate will be worth less than half its current value. The negative equity that already plagues 25 percent of American homes will expand to include nearly all property owners. It will be difficult to borrow and impossible to sell real estate unless we accept massive losses. There will be block after block of empty stores and boarded-up houses. Foreclosures will be epidemic. There will be long lines at soup kitchens and many, many homeless. Our corporate-controlled media, already banal and trivial, will work overtime to anesthetize us with useless gossip, spectacles, sex, gratuitous violence, fear and tawdry junk politics. America will be composed of a large dispossessed underclass and a tiny empowered oligarchy that will run a ruthless and brutal system of neo-feudalism from secure compounds. Those who resist will be silenced, many by force. We will pay a terrible price, and we will pay this price soon, for the gross malfeasance of our power elite.

In short, I predict that our “power elite” will continue the economic stupidity that is bringing us to national bankruptcy and that when things get so desperate we will be offered a false and fool’s choice:

Okay America do you want:

  1. Starvation, foreclosure, unemployment, hyper-inflation, wiped-out savings, invasions and war; or
  2. A global monetary system where we can return to some sense of normalcy (albeit with a whole new set of rules and masters, but we aren’t mentioning that).

Hmmm?  Give me a minute, I need to think!

I will leave it up to you to decide if this is indeed “stupidity” on the part of our leaders or something else.  In any case, Americans at that point will take the default choice of a “global monetary system” because at that point there really won’t be another choice.

But there is another choice now, namely, the reduction of the size, scope and cost of government at every level and the return of economic common sense to our nation.  When conservative commentators warn their fellow Americans about the coming economic calamity, their primary concern is not about the money.  No, their primary concern is about the devastation to the people, freedoms and culture of America, which we so sorely take for granted now, and which will surely come if we continue with this perfidious profligacy.

We are at the point where every American, public and private sector alike, better be ready to sacrifice for the common good.  Clearly however, this leadership should start at the top of the ruling class.  Barack Obama should announce tomorrow that he will not accept a salary until this economic unraveling of America is brought under control.  The Senate and House should, at least, forego their automatic pay raises for the same time-frame. (In fact, one Senator has proposed just such a bill and he is getting grief from his colleagues.)  A moratorium on federal, state and local government hiring should be put in place immediately.  Every department, program, commission and service ought to have their budgets frozen and be rewarded if they come in UNDER budget.  No new money should be printed by the Federal Reserve and every dollar saved under these belt-tightening activities should be used to pay down our national debt.  And we haven’t even mentioned elimination of pork-barrel projects, return to sound money, privatization, an equitable tax code and many other proposals that are emanating from the common sense of the common man.  Similar measures are needed in each state of the union.

The collective conscience of the common American is saying to the government: Stop!  You are destroying our country.

Now if the common man knows it, how is it that the “smart guys” in Washington don’t?  Is it possible that those in power are more interested in enhancing their power rather than the common good?  Could it be that their interests are not in line with the best interest of America?

A true community can not be built on selfishness and leaders who expect obedience OWE loyalty to what was once called the commonwealth.  Again, are the current actions of our leaders ones that look as though they are trying to save America or ones that will lead to its ultimate destruction?  You decide after looking at a sample of the common desire (as expressed on protesters’ placards) and the corresponding action of the government:

  • Slogan: Cut Taxes, Not Deals             Government action: Billion dollar bailouts to select (and well-connected) financial institutions without normal accounting procedures.
  • Slogan: Don’t Stimulate…Liberate    Government action: Wholesale nationalization (take-over) of industries by government and intrusion into private business’s management.
  • Slogan: Spend Less Than You Earn   Government action: Obama says: “We are already out of money…” then proposes new programs, bailouts and services.

What can you do about it?  Admittedly the problem is big, but I am going to propose a rather simple solution.  Send a letter to every public official you care to track.  Your list might include your local school board member, mayor, state representative, governor and U.S. congressman.  Do more or less, but please do something.  Your letter should say something like this:

Dear [Officeholder]:

I believe the size, scope and cost of government services are bringing America to the brink of destruction and I believe that it needs to stop.  I want you to send me a list of every cost-cutting action and proposal that you have taken (or will take) to help save us from economic ruin.  If I do not receive this list or see you taking these much needed steps, I will work for your unseating at the next election.

Get everyone you know to do the same thing!  Then wait for their response, track their efforts and FIRE them at the next election if they don’t do what they say.  Better yet, run against them yourself.

“Unless the people, through unified action, arise and take charge of their government, they will find that their government has taken charge of them.”  President Calvin Coolidge

My prayer is that God provides us the will, wisdom, courage, commitment and time to right the ship.  Now that’s a bailout that I can get behind!

*Author’s note: This article was originally published on July 20th 2009 and one year later we are one year closer to the demise of a free America.