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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Monday, August 30, 2010

YouTube - I Want Your Money Trailer (2010) HD

As the US government continues down the path towards socialism/communism, it is important to keep in mind that we still have the capacity to fight for our liberty. Remember.... "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

If it takes violence to take our lives back, then so be it!

3 Comments:

At 2:31 PM, Anonymous Anonymous said...

It's not really our money. The government has the right to take whatever it needs to do the right thing. Without that, the county would fall apart. Thank God we have President Obama running the show.

 
At 8:05 AM, Blogger glenzo said...

Yes, we are too stupid to know what's best for us. Good thing that we have an incredibly smart and erudite dear leader to guide us.

 
At 7:16 PM, Blogger Skippy-san said...

Considering that just about all of their "facts" are not true, and can be proven in correct with just a little due diligence and research, then yes it is easy to come to the conclusion that most Americans are pretty stupid. Because they are.

Simply put-very little has changed in the time Obama has been in office. The debt did not just start on January 20th 2009-The United States government has been spending more than it has taken in since John Kennedy was sworn in. The American people have been doing that since Reagan was president. That debt has taken away the flexibility for Kensyianism or supply-side theories to be practiced.

Under George W. Bush, the U.S dollar lost nearly half it's value in just five years and the stock market lost half of it's value in a day. And I think that this is just the beginning of a steep and rapid decline. Americans have traditionally thought that their exceptionalism made them immune from the laws of economics and history, but they forgot that the British thought that a century ago, as well.

At the same time though For the last 20 years or so, the Americans have been outsourcing most of their industrial capacity to the developing world, on the premise that the financial services and Internet technology sectors could drive the economy, which they can - in good economic times.

Previous recoveries have happened by stimulating consumer demand, which in turn stimulates the industrial sector. But there really isn't an industrial sector anymore, and consumers, seemingly having learned a lesson from the financial panic, are saving and paying down personal debt. Even if people weren't saving, increased consumer demand would only widen the trade deficit with China and move even more money and jobs overseas.

That's what these stupid teabaggers keep forgetting.

 

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