Jul 2, 2011

Global Economic Collapse...

Let's not miss the forest for the tree. The tree is Greece. Wonder who the forest is?..

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ΤΑΔΕ ΕΦΗ Chrysotheras (POSTED BY CHRYSOTHERAS) ΣΤΙΣ (ON)7/02/2011 01:10:00 PM

1 ΣΧΟΛΙΑ (COMMENTS):

Anonymous Anonymous ΕΙΠΕ (SAID)...

The source is uncertain but this nineteenth-century statement is surely true: “A Democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largesse out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result that the Democracy collapses due to the loose fiscal policy, always to be followed by a dictatorship.” The statement is often wrongly attributed to Alexis de Tocqueville, but he actually did say, “A democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.” If that sounds familiar, it is—and that is ominous. It is doubly ominous because high Chinese officials have remarked that democratic capitalism is failing while autocratic capitalism is succeeding. Beginning in 2012 the Chinese will overtake the United States in new scientific advances in some fields. One year later, their gross domestic product (GDP) will exceed ours.
Credit policies long pursued by central bankers based on the Keynesian Model of progressive inflation have brought the United States to the brink of economic collapse. In the final analysis, even wealthy nations cannot afford to live beyond their means to support Progressives’ “social justice” welfare programs. Nearly all the developed world is at the “Keynesian End Game” and the end of the dollar UNLESS we find a wholly new source of national wealth. Globalization and “free trade” agreements have led to the outsourcing of well-paying jobs from the advanced nations and a boost to the growth of developing nations. Unless reversed, this trend will continue to the detriment and ultimate collapse of western economies. We must become net exporters and keep balanced budgets.

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January 14, 2013 9:11 PM  

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