As you may remember Phil, about two years ago when I first discovered this exhilarating forum, I wrote a piece on the finite lifespan of fiat monetary systems and gave warning, at that time, of the fact that our current system had already entered a period that could be considered maximum possible lifespan. I said that from that period of maximum practicality, it would rapidly decline and reach its maximum possible lifespan ending in irreversible insolvency where all productivity within the economy is siphoned off by the underlying debt upon which the entire economy is built.
Well, according to what I am seeing we are indeed reaching that point, although I hope I am wrong, but I fear I am not. Now, looking at the causes you will find one cause and one cause only, that is the legislative process that has ignored the very principles of Constitutional Order in addition to the laws of economic science. It was the formation of a Central Bank given extremely wide latitude governing monetary policy without a smidgen of Congressional oversight or authority, for that matter.
I am in agreement with you about the influences of, as you put it, the uber wealthy and their cohorts in government, that is why I have said, since I first began posting on the CHB, that unless we return to the sound principles of both economics and Constitutional Order then we will remain at the mercy of those who are only too willing to make of us simply a productive peonage supplying our labors to increase the wealth to those who have, through the corrupting influences of power and ambition, embedded themselves as parasitic ticks in the flesh of this land and its people.
Once again, you are making my point for me; for you are indeed right about government regulation, just as I have said, it not only favors those large financial forces within this country, but in most cases it is crafted by agents of the same economic sectors those regulations are written to oversee. It is the classic fox guarding the henhouse.
Once again, until limitations, Constitutional in my view, are forced upon the government there will be no end to the political whore-doms that sell this land and its people for filthy lucre and unbridled power. We have a blueprint that can accomplish this reversal, but for some reason, perhaps ignorance or complacency, we seem to ignore its potential to solve many of the major issues we now face as a people.
We are in a very strange position, for without the changes in our government, without the constraints of the principles of the Constitution, then more or less economic regulation will do little. What will happen, as this run-a-way locomotive continues down this dead-end track, is not only an economic collapse, but a social one as well.
When I advocate a free economy, I presuppose a free government, one in which the separation of powers are restored, one in which the Will of the People is once again considered by those who are suppose to be the servants of the People. As the situation becomes desperate, and it will, the People will hopefully not forget that there is a solution to our problems and in remembering they will begin to place forceful demands upon this government, questioning its motives, its actions and its very being.
