After exactly 100 years, on Jan. 1st, the Keynesian Socialist Economy, initiated by the creation of the Federal Reserve in 1913, and its later modulation into the Keynesian Federal Reserve that grew out of the Rooseveltian 30s, will begin its disintegration.
For the first time since the curse of Keynes has been imposed on Capitalists in America, the Keynesians are unable to “stimulate” any further, and have accumulated such horredous debts, that they must raise taxes in the midst of a depression — exactly what their dogma teaches should never be done — because they have no other choice. We are now about to watch as an economy with one foot cut off thanks to the Democrat Socialists, will now have its other foot amputated.
And Obama said, “Let them walk on their stumps.” And the People bowed low and walked on their stumps.
For the first time in Keynesian annals, we are about to witness a depressed America become drastically more depressed thanks to the very mechanistic philosophy, the philosophy of the Keynesian Bureaucrat, that has touted stimulating whenever there is economic recession or depression. Now the government will be vacuuming even more dollars out of the economy to satisfy the greed of Obama, and tax rates will rise, slowing commerce even more and killing the initiative to start businesses and take risks. Trading in stocks and commodities will thin, and markets become less liquid and more dangerous. The economy will crash.
This is the price of the American Socialism that has been imposed on American Jeffersonian Free-market Capitalists since War Criminal Johnson began his Socialist “Great Society”.
Fifty years later, Johnson’s Great Society sees 40% of the populace having less than $500 in savings according to a report mentioned on Drudge. The Fruits of Socialism are evident, as they were in Germany after 10 years of Socialist rule there brought on a Hitler, a worse Socialist.
The coming Economic Crisis will write a new chapter in modern economic history, and will mark the beginning of the end for paper-based fiduciary currencies. The Copper Standard will mount its climb January First, 2013.
The public will pay a very great price indeed in the next few years for not voting for and electing Ron Paul or Gary Johnson, and for believing in the Socialism of the Democrats and Republicans.
A very great price indeed.
Hoooooooooooooooooooooooooooowwwwwwwwwwwww! — Silverwolf