People’s instincts have gotten a refresher course since the Sub-Prime crisis tanked the economy. Americans have been doing an amazing thing; a thing we’ve spent decades neglecting and that is living within our means and saving our money. It’s like inventing the wheel because the more money you save, the more in control you feel, and the less likely you are to live your life as a frightened rabbit hopping from one paycheck to another. We’ve rediscovered the idea that being in debt is bad news and that debt is not necessary to have a wonderful life. You don’t need as many toys as you might think and we’ve relearned that delayed gratification is strength beyond measure. Our savings rate has gone from nothing, to warp speed, overnight, in such a way as to shock the economists, who see the savings rate as bad news because it means that people won’t be spending money like they did which further slows the economy. We the people have begun to see, and correct, the excesses and insanity of capitalism on steroids and a new ethic of rejecting debt has seized the hearts and minds of the American people—— But not the American Government.
Because we the people have rediscovered financial sanity and have returned to the wisdom of saving for a rainy day our government has become unhinged in an attempt to “make up” for our formerly crazed spending. If we will not spend like spoiled children to keep our unsustainable economic growth than our government will take up the burden of crazed spending, on a much larger scale, so “the economy can recover”. Such is the logic of big government out of control.
Spending us into receivership and destroying the dollar is for our own good in the mind of the government. American deficit spending has been out of control for a long time and our insane monetary policy has created damage to our economy: and a depression is necessary to reset the system. When you’re sick and you need an operation to recover the operation is painful in the short run but long term it saves your life. When the economy gets sick enough from unwise management it needs an operation of consequences, called a depression that while painful, is the means by which the economy gets well again.
The government is trying to protect us from the just consequences of its own mismanagement and deficit spending, the corruption of the nefarious Federal Reserve System, and the idea that everyone should be entitled to a home regardless of financial facts. When you spend more than you have you go broke: that is a just consequence and if you learn from it you harvest some wisdom! If you treat money as if it’s just paper and you can print more whenever you wish it will become as valueless as you have been treating it. If we get rid of the Central Bank, known as the Federal Reserve, who deliberately created the monetary disaster in the first place, then the pain of a depression will have been worth it. When you allow a criminal cartel to rule your monetary policy, and find that all the value of your money has been stolen; you only have yourselves to blame. Our founding fathers warned us of the dangers of the central bank.
This crisis will not be over until we stop deficit spending, commit to small government that is not used to create “social Justice”, and return our personal finances to saving and living with our means. When the government gives a mortgage to someone who can’t afford it because they want to help a “minority” or practice “social justice” they do a foolish thing. It’s not “compassionate” or “empathetic” or evidence of a “social conscience” to give someone who can’t afford a mortgage, a mortgage: it’s just foolish and it’s stupid. Our government was never intended to redistribute wealth and design pie in the sky utopian societies that don’t work.
You are responsible for your lot in life not the government, your race, your gender or your brand of sneakers. You are responsible for your life and when we forget this basic law of life we have a depression and everyone gets the message again. We have equal opportunity in the United States not equality of outcome.
Our government, educational and media systems have perpetuated a division of the American people by race, class, sexual orientation, gender, just to name a few, that has been a disaster. Playing one group off against the other is an effective means of political control but its destroying the nation. Big government and social justice spending are a mirage at best and at worst a sort of cultural cancer that will eventually destroy the body politic that contracts the deadly idea that big government is anything other than a death trip.
Here’s an article from Bloomberg that talks about how the people have vastly increased their savings rate and yet it’s cast as bad news! It foreshadows the big finally to the American economy by talking about how the Chinese are taking steps toward a new reserve currency and getting rid of our dollars. When our values get so out of whack that we consider drunken spenders returning to financial sobriety a bad thing because it shows a lack of faith in the economy than it shows you just how far we’ve fallen as a people. The people are wise to cut back on spending. The government would be wise to follow the example of the people!