The "Untied States": Let's Get This Economic Collapse Over With, So We Can Get On With Our Lives

The United States are becoming "Untied".

The worst financial mistake we ever made was to create the Federal Reserve. In 1933, when the US went off the Gold Standard, it became only a matter of time before the center could no longer hold. I'm surprised it's lasted this long. But let's unmask the culprits and get it over with--because I would like my 401K to be worth something when I retire in 20 years.

Have you looked at your 401K lately? Mine sucks. I'm making a much higher salary than my employer projected, and I'm putting in 4 percentage points more of my own money than my employer projected, but right now, I'm about $25,000 off the pace of my employer's meager projection for my

We have become a mega-empire identified as much by gigantic economic bailouts as by military imperialism. We have become a welfare state that prizes moral hazard above all else. Somehow in the midst of all this, we think we can tax ourselves more to pay for more health care, more social security, and more CO2 abatement.

total earnings. I've lost about that much in the last year.

When one little person makes a mistake, the effect is not that costly. When a fiduciary tycoon, like Alan Greenspan or Ben Bernanke, make a mistake it is terribly costly. Many such tinkering mistakes are why the US economy will either go down in some sort of flames and/or we will soon be clamoring for the Amero.

In a House Financial Affairs Committee meeting 3 years ago, Ron Paul reminded Alan Greenspan how he had sold his soul to the financial devil.

Even you, in the 1960s, described the paper system as a scheme for the confiscation of wealth.

Greenspan replied:

But as I’ve testified here before to a similar question, central bankers began to realize in the late 1970s how deleterious a factor the inflation was.

And, indeed, since the late ’70s, central bankers generally have behaved as though we were on the gold standard.

That may have been partially true then, but it is not true today, and it is nonetheless a poor defense of the need for the Federal Reserve.

When George W. Bush took

Let's get over the Fed-induced economic collapse that must happen, and then let's get back to a Constitutional money standard--by abolishing the Federal Reserve.

office, you could buy an ounce of gold for about 300 bucks. Now it costs you about $970. What does that tell you about the Fed's ability to smooth out the booms and the busts?

The Fed pretends to help the economy by keeping interest rates far lower than the rate of inflation. That encourages people to buy homes and other instruments of debt that in a normal market they would have no business considering. It also makes it so you and I can't earn squat on our savings and investments. And then they finally admit what we've felt all along for quite some time--that we experienced the highest inflation in the last 37 years last year! We've already noticed a ton of belt tightening around our house in the last couple of years.

Is that why they don't dare report the value of M3 anymore? Business Week reports(March 31, 2008, page 30), however, that the Fed increased the value of M3 by as much as 15% in the past year--as well the highest increase in 37 years.

Municipalities are feeling the crunch as well. You know that $350,000 home of yours that recently skyrocketed to a value of $500,000?

We are nearly $80 trillion in debt in this country, and now the federal government is seriously considering bailing out Freddie Mac and Fannie Mae. And in other news, fire fighters fought an out-of-control blaze at an oil refinery with jet fuel.

Well, city and county governments will not be dropping your property taxes anytime soon, because they've become used to the increased revenue--because they're feeling the pinch, too.

We are nearly $80 trillion in debt in this country, and now the federal government is seriously considering bailing out Freddie Mac and Fannie Mae. And in other news, fire fighters fought an out-of-control blaze at an oil refinery with jet fuel. Not only will this prolong the inevitable, it will make the inevitable worse.

If our currencies remained tied to gold and silver, there would be no far less drastic booms and busts. Booms and busts occur when the government or its cronies manipulate the economy to their personal benefit. Under a gold standard, over time, the price of goods should go down, because: (1) there could be no inflation, and (2) the ability to produce goods and services would improve, making them cheaper to mass produce. That's why I want the collapse to happen, because that's the kind of economy that I want to live under--not the shyster-dominated one that we have now--even if it means we have to atone as a nation for our financial sins first.

Instead we have become a mega-empire identified as much by gigantic economic bailouts as by military imperialism. We have become a welfare state that prizes moral hazard above all else. Somehow in the midst of all this, we think we can tax ourselves more to pay for more health care, more social security, and more CO2 abatement.

To really fix the problem, we must clean out Congress--with the exception of the handful of people like Ron Paul who understand and want to fix the problem. And now is a good time for a cleaning, because almost no one thinks that Congress is performing well.

Yes, we are becoming "Untied". The Federal Reserve's enrich-the-rich policies are our main economic obstacle, and they have got to stop. Let's get over the Fed-induced economic collapse that must happen, and then let's get back to a Constitutional money standard--by abolishing the Federal Reserve.