Posted: November 21st, 2010 by Militant Libertarian
The American ship of state is inexorably steaming toward the iceberg of economic collapse. And while the ship of fools moves forward, America arranges the deck chairs on its version of the Titanic. News broadcasters are giddy with excitement while discussing the election outcomes. This gives them untold numbers of news stories as the balance of power in DC shifts yet again.
Americans are, for the most part…infants and toddlers that chase after the newest shiny object that arrests their fleeting attention. Asking most Americans to concentrate on bedrock issues like taxation, regulation and tyranny is asking far too much of them. Most Americans are stupid (a mental outlook that affirms the crude and vulgar, while eschewing the noble and virtuous) and credulous (a readiness or willingness to believe, especially on slight or uncertain evidence).
The stupidity and credulity of Americans make them easily led and swayed by news stories so ridiculous that they should be an embarrassment. Stupidity’s best recent examples are any stories related to Lindsey Lohan, Dancing with the Stars, or American Idol. Credulity’s finest example of all time is what occurred on September 11, 2011.
Permit me to make some observations about new stories that have floated to the surface of the national toilet bowl that is the media.
1. “Quantitative Easing.” Bernanke of the Federal Reserve likely came up with this meaningless phrase, intended only to deceive. What is actually happening is counterfeiting on the grandest scale in the history of the world. The Federal Reserve is becoming the buyer of last resort of US Treasury debt instruments. Benny and his bunch are printing $600 billion in new paper money and spewing it out into the world. Those nations around the world who (a) own American debt, or (b) are tied to the dollar are pissed. Which means pretty much every other nation of the planet is getting screwed by Washington, as well as American citizens.
What will happen when the nations of the world finally refuse to buy more US bonds? Two choices emerge for DC: (a) print up more paper currency to monetize the debt through the Fed. (b) bankruptcy. Which do you think will happen…realistically?
2. China announces manufacture of commercial airliners. China sees the market domination of Boeing and Airbus, and won’t be held hostage by either to serve their rapidly growing air travel market. SoCommercial Aircraft Corporation of China (COMAC) is building the C919 passenger jet, scheduled to enter the market in 2015.
Aeronautics is one of the last major manufacturing sectors left for American exports. Now that export sector is being directly threatened by Chinese competition. But China is making these moves to serve its own internal needs. Airbus did a study showing that air traffic doubled in China in the last decade, and will double again in the next decade. They predicted that China will need another 80 airports, bringing their total to 240. And it’s estimated that they will need 5,000 planes to handle just domestic traffic. And don’t think that the Chinese planes will be lower quality. They will certainly rival or exceed present competitor’s products. Aren’t American computers already being produced in China? So, expect massive layoffs in the aeronautics industries in America as China proves it doesn’t need American or European planes.
3. And speaking of commercial air travel…America is up in arms over the aggressive body search tactics currently done by the Transportation Safety Administration’s airport “security” thugs. Some are calling these searches criminal sexual assault and sexual battery. But your alternative to these body searches is to go through the X-ray body scanners. No one knows the long-term health risks associated with the new scanners, and you can be sure that the Federal Government will take no responsibility if the scanners are found to be hazardous.
Remember what air travel was like prior to 9-11? You showed up at the airport and checked your luggage at the front desk…if you had luggage. Then you went to the gate where you boarded the plane. There were no scanners…no TSA enforcers…no metal detectors and wands.
Now remember back about two years. You showed up at the airport at least two hours before the flight so you could take off your shoes, remove all metallic objects from your person, walk through a metal detector, get wanded if you set off the metal detector, and then go to your gate. This procedure, while invasive and completely unnecessary, worked just fine right up until someone invented the body scanning machines and sold them to Homeland Security. Did some major breach of security occur in the USA that called for this level of invasion? NO!! But curiously, now that hundreds of these radiation body scanners are in use, searches bordering on sexual assault are the necessary alternative to allowing TSA to look at your body under your clothing.
You should also be aware that in the entire history of Homeland Security and the TSA, the TSA has never ONCE prevented a terrorist act through the airport screening process. Sure, they prevent literally tons of private property…like shampoo bottles and nail clippers from being carried on aircraft. But that is simply the confiscation of items that the TSA has banned from domestic flights. Meanwhile, every search…every scan…violates your 4th Amendment rights against unreasonable search and seizure.
There is a substantive difference between a “pat-down” search and the TSA searches. Police officers I’ve spoken to tell me that they do “pat-down” searches as a matter of course. But the searches presently being done by the TSA are known by police as a “custody search.” And a custody search cannot be done by police unless (1) they have probable cause, and (2) you’re already under arrest, and (3) you’re going to jail. The TSA has no probable cause except the presumption of guilt for all travelers…and that doesn’t pass the test.
Americans nationwide are incensed by the tyranny shown by the TSA and Homeland Security. And they should be. But how about some perspective here? Most people don’t fly even once a year. But every person is affected 24/7 by the taxation and regulation oozing across the American landscape. Where is the outrage? Where is the proportionate response to having 50% of your income stolen from you at the point of a gun?
4. President Obama’s hand-picked National Commission on Fiscal Responsibility and Reform is in disarray. The leaders floated some ideas on how to deal with Federal spending. But even the members of the committee cannot agree on spending cuts. There is no possible way that Congress will EVER cut the Federal government’s budgets in a way that each of us individuals or families have to make cuts when money’s short. So, the “bus of state” is hurtling toward the cliffs overlooking “Debt Canyon” with no brakes, so to speak. And, on its way to the edge of the cliff, it has to pass over train tracks, and there is an inflation train speeding toward the crossing. If the train doesn’t hit and destroy the bus, the bus will run off the cliff and be destroyed at the bottom of the canyon.
There is no third option available to the United States of America.
But, let me offer an idea for your consideration. That idea is repudiating our national debt.
Much of the national debt is America owing America. For example, the Social Security “fund” has no money in it. It only contains other debt instruments like Treasury securities. So if our national left pocket owes money to our national right pocket, how about we call it even and just write off ALL the debt? I’m not suggesting that private holders and other nations that hold American debt should get shafted. I’m just talking about our own bookkeeping here in DC.
But in a real sense, the other nations of the world will eventually get the American shaft. Inflation will consume the dollar soon like burning leaves in autumn. The dollar cannot continue as the world reserve currency, and a new reserve currency is on the horizon. I posit that it will be the Chinese Yuan.
If we cannot fix our own national government, it will surely and eventually be destroyed…either from without or from within.
This article today is written to give you a little more evidence that state secession is the only hope for liberty on the North American continent. At some future point, the American economy will collapse. Out of that catastrophe, a few states will muster the courage to secede and try to rebuild a new civilization.
Who will be first?
DumpDC. Six Letters That Can Change History.
© Copyright 2010, Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.