Sayonara Global Economy

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises

The surreal nature of this world as we enter 2015 feels like being trapped in a Fellini movie. The .1% party like it’s 1999, central bankers not only don’t take away the punch bowl – they spike it with 200% grain alcohol, the purveyors of propaganda in the mainstream media encourage the party to reach Caligula orgy levels, the captured political class and their government apparatchiks propagate manipulated and massaged economic data to convince the masses their standard of living isn’t really deteriorating, and the entire façade is supposedly validated by all-time highs in the stock market. It’s nothing but mass delusion perpetuated by the issuance of prodigious amounts of debt by central bankers around the globe. And nowhere has the obliteration of a currency through money printing been more flagrant than in the land of the setting sun – Japan. The leaders of this former economic juggernaut have chosen to commit hari-kari on behalf of the Japanese people, while enriching the elite, insiders, bankers, and their global banking co-conspirators.

Can Capitalism Be Saved?

The forces that threaten the free market are many. Who dares to stop them? The advocates of the free market appear to be outgunned, though their case can be eloquently made. Every reader would profit by watching the classic FreeMarketAmerica.com video “If I Wanted America to Fail,” which summarizes the inverted policies that hamper the successful operation of our market system. And as our country depends on freedom to prosper, the gradual limitation of economic freedom suggests an even worse danger; that is, the end of political freedom. “Your country is in peril,” said New Zealand author and researcher Trevor Loudon in a recent speech for  America’s Survival. “Small groups of Marxists [now] run your country,” he explained. For the labor unions were taken over by hard-core Marxists in the 1990s, and this affected the trajectory of one of the two major parties which in turn moves the country ever closer to Marxism. Day by day, moment by moment, the checks and balances of the Founding Fathers are breaking down. A highly centralized socialist system is evolving out of the old free market system; and national bankruptcy appears to be an integral part of their plan.

Trade Policy and Economic Decline

In a book titled SELLING US OUT, J.R. Martin writes of Chinese companies “exploiting loopholes in the U.S.-China tax treaty signed by the Reagan administration in 1986.” He asks what the Founding Fathers would say about our current trade deficit, and our indebtedness to communist-ruled China. Martin asks, “What would Washington and Adams think about the corrupt and destructive power of the two major political parties in America? How would they judge today’s capitalism?”