Like most conservative bloggers Conservatives on Fire has focused mainly on domestic issues. I have, however, tried to keep an eye on events in Europe because I know in this day and age of globalization what happens there affects us here. Also, like most of you, I am not an economist and so I am constantly search the Internet for pundits that can help me understand the deluge of economic data that is thrown at us. Because of my background as an engineer, I look not so much for people who agree with me as I look for people whose logic works for me. I know full well that numbers do not lie; but, people do lie about what the numbers mean. So, that is why I look for logic at all times.
This past weekend I have been busy looking for answers to questions that plague my mind. Today I am going to recommend four articles for you to read. (I owe a debt of gratitude and a big hat tip to The Classic Liberal for the links to these articles.) The first three articles should be thought of as more like homework, for lack of a better term. It is my hope that you will invest the time necessary to read and understand what these articles are saying. For now, let me share with you my interpretation of these articles and, for the sake of argument, assume my interpretation is correct. (If you decide to do the homework reading, you can always come back at a later date and challenge my conclusions.) So, based on that assumption, what I am interested in today is your reaction to what I see as the only reasonable way to go forward. Here then is the reading list with a very brief description of what I think you will learn from each article.
Article 1. _ World Economy Hanging By A Thread posted at Financial Sense. To follow this article you will need to understand the term Purchasing Manager’s Index (PMI). You can find a good definition at Investopedia. This article makes it clear to me that the European economy is on the verge of imminent collapse and will drag the US over the cliff with it.
Article 2. _ Sovereign Debt, Sovereign Bank Runs posted at LewRockwell.com. From this article you should see that the “Banksters” are about to be hung on their own petard.
Article 3. _ Bloody September posted at Zero Hedge. From this article, you will see that the economic indicators are getting worse almost by the minute. It suggest that we are already in recession but TPTB don’t want to admit it or they are blind to the facts.
My conclusion is that the Gloom and Doomers we correct all along. The debt/credit party that the central bankers and the political elite have enjoyed for so long is over. Europe’s economy will fail and it will fail soon. The US economy will follow. There is nothing that can be done. All attempts to turn the ship of state around will be over come by the brewing perfect storm.
When will it happen? It is happening as I write these words. No one can put an exact date on when the final collapse will occur; but, in my humble opinion, I will be surprised if it doesn’t happen before the 2012 elections. The collapse will happen no matter who we elect in 2012. Europe will see more chaos and violence in their streets and so will we. People will naturally panic. Heads of States will be tempted to impose martial law.
First let me say that I hope whoever is President ,when the collapse occurs, will refrain from imposing martia law. This would only prolong the agony. It would be far better to allow each governor to deal with the chaos and violence without Federal assistance. Also, the 2012 elections are even more important than ever. We will need the best people at the helm. We will need cool heads.
Okay. This brings me to the real subject of this post. I have been thinking about this solution for some time. I have not discussed it here before now out of fear of being ridiculed. But, this weekend I was delighted to learn that there are people, far smarter and knowledgeable than I, who are expressing the same thing that I have been thinking.
The second part of today’s title is: “Time to Forgive and Forget”. That is what I am recommending as the only plausible solution for reclaiming the future. All debts will have to be forgiven and forgotten. There is no other way, in my opinion, and that opinion is backed up by this article Endgame: When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy. The author of this article is Charles Hugh Smith of the “of two minds.com” blog. It is this article that I hope you will read now.
This may seem to be a radical idea but if you think about, I think you will realize the logic of it. It will happen. We will either do it willing or we will be forced after years of agony to finally accept that there is no other way. America and all nations will need to wipe the slate clean and start over again. This is why the next elections are even more important than we may have thought. We will need the wisest of heads to leed us to a new beginning. We don’t want to repeat the mistakes of the past. You can be sure the financial elites (the banksters) will want to start the game over on their terms. This we can not allow to happen.
Hopefully, whoever is President when the collapse happens, will seek out the best minds in America to map out a future based on solid monetary policy and based on the concepts our Founders originally intended. The sooner the idea of forgiving all debt is accepted, the sooner we begin the recovery process.
America, in my opinion, is better suited than most nations to rebuild. We are blessed with all the natural resources we need. We have abundant fertile land to grow all the food we need. We possess the industrial capacity to produce all that we need. Trade with other nations will recommence in the natural course of events. This pending economic collapse should be seen as providing us a second chance to get things right. We can do it! I am absolutely convinced that we among all people are best able to rebuild and we will learn from our past mistakes.
The Nanny State, the Welfare State, the Envirnmrnteal Extremist State and the Bankster Cotrolled Economies are over and we will never let them raise their ugly heads again. I am not depressed by the coming events and neither should you be. This will turn out to be the second chance we have wanted to provide our grandchildren a future worth looking forward to.
Well, that’s what I’m thinking. Wha are your thoughts?