hoover

10 Reasons to Believe That We're in a Depression

Excellent. You have an unusual perspective, and a corect one I would opine. The idea of exporting freedom as our primary contribution to the world during the last century, is an enormous intangible export that few ever consider. It has spawned hundreds of democracies and semi-democracies around the world. And, I would agree that our current downfall is mostly, as you say, caused by greed, vanity, and deceit. Thanks.


On Nov 19 12:23 PM User 353732 wrote:

> America's greatest export during its great ascent in the 20th century
> was freedom. Free markets, free speech, free elections, free minds.
>
> The freedom to innovate and succeed or fail;the freedom to be accountable
> for one's decisions and actions; the freedom to take the lonely path
> less traveled that often led nowhere but sometimes led to rich hidden
> treasures and unexpected vistas that inspired and motivated entrepreneurs
> and inventors and liberators.
>
> When America stopped exporting freedom because its Bosses no longer
> believed in it and its reigning elites began to import collectivism
> , class warfare and contempt for entrepreneurship and middle class
> values, then the moral and intellectual balance of trade turned against
> the USA and continues to worsen by the month.
>
> The worse the moral and intellectual balance the more debased and
> devalued becomes the polity. This devaluation is now being made tangible
> in the disgrace of the dollar( from as sound as the dollar to as
> fake as a dollar....), in the glorification of entitlements and instant
> gratification, in the mutilation of markets and institutions, in
> the accelerating corruption of the US Regime and in eroding civil
> society. As the moral and intellectual net worth of America is depleted
> so is its capacity to create real wealth and enduring competitive
> advantage.
>
> America cannot "be" Europe or Asia : it can only "be" itself; either
> much worse than Europe or Asia, which is the present trajectory or
> far, far, better which is what a rediscovery of liberty and the truths
> of the Constitution will lead to.
>
> Yes, there is a depression but it is a moral and intellectual one.
> Unless faced and cured, it will surely become a social and economic
> one. This depression is from within and from within may come the
> cure and restoration.
>
> No contender is defeating America the Champion; it is defeating itself.
> Greed, vanity, deceit is what the US Regime now gorges itself on
> every day.......This is not the breakfast of champions.

The End of Gold, Part Two

Dave, good thought provoking article. It is quite obvious that deflationary forces are at work in various commodities, houses,and other items. But, if you visit the supermarket every couple of days like I do, you know there are also inflationary forces at work. I have always assumed that deflation can never occur because government prints enough fiat money, and financial institutions lend enough money, to prevent deflation. But, of course loans are imploding and at the same time businesses are laying off people (reducing their buying power) and cutting costs to the bone. Deflation could happen over a number of years -- but I will have to see it to believe it.