Things
have changed since the 1st Great Depression. It started with a stock market bubble crash
in 1929 and it lasted until 1939. New
jobs came in 1939 when the US went into “war production” mode to supply the
allies with war equipment. Those with
cash were able to buy hard assets at much lower prices. The drought periods in 1934 and 1936 caused
the dust bowl and farm crops failed. So,
we had high unemployment, food shortages and no investment capital. Families
and neighbors helped each other through this depression. This time is different.
This time
we have high government spending and debt, no manufacturing jobs and excessive
immigration. We have tons of subsidies, welfare, food stamps and a National
Socialist government. Our elected
officials have refused to lower spending and stop immigration and will be
replaced by the voters for this failure.
The US
and other Governments with debt equal to its GDP will hold down wages
artificially to keep interest rates down.
They are used to a managed economy and are clueless about how well free
markets would work (without them).
Our
transition requires that free market outsiders take over government and
communicate a plan to lower government spending and debt and restore freedom
and the rule of law to allow the free market to expand, while making sure that
nobody starves to death.
The
tricky part is removing the Big Money Puppet Masters from political control of our
government and getting elected officials to work for the voters. We need to
remove the corruption, subsidies and grants (bribes) and remove bailouts for
gambling bankers. A Trump win would accomplish this.
Norb
Leahy, Dunwoody GA Tea Party Leader
No comments:
Post a Comment