An Overdue Round-Up and Where the Future is Going

Hello, folks!  I know I’ve been on hiatus for what?  About two weeks now?  My grandpa always told me that excuses and alibis ring up “no sale” every time, and he’s right.  I’m still giving you my excuse, but I think it’s a good one: I recently found out that my husband and I are expecting our first child. Great news, to be sure, but I haven’t exactly been feeling like myself.  Okay, I’ve had my head in the toilet most evenings (morning sickness is a serious misnomer), and I haven’t been writing much for either of my blogs.  I’ve mostly been avoiding getting sick and going to bed early, and unfortunately, I’ve been missing out on the action!  Would you believe that I just read today that Rick Santorum dropped out of the race?  (I’m delighted.)

I’m trying to stop being a wuss and get myself back into the swing of things, and I’m going to start tonight by looking at an article I found on Lew Rockwell titled “The Great Collapse of the US Empire” by Jeff Berwick.  Some of the article seems to be thinly veiled advertising for his firm’s services, but he makes some legitimate points about the way the United States is going.  I think many Americans have a keen sense that something is very, very wrong at home, but they haven’t a clear of idea of why or how, just that everything is going to hell in a hand basket.

Having lived  and worked outside the US for about three and a half non-consecutive years, and I can certainly say that there are places where freedom still has a real face and hunting for a job doesn’t make you feel like a blind sow rooting for an acorn.  For about the past two years, I’ve become firmly convinced that East Asia is where it’s at now.  The so-called Asian tiger economies are manufacturing powerhouses, and the standard of living here is rising quickly to rival that of any country in the West.

Let’s take a look at a “snapshot” of the average Korean family with a child or children attending my school.  Almost without exception, their fathers work for a bank, a company like Samsung or Hyundai, in a law firm, as a small business owner, a factory owner, a doctor, or educator.  Most of their mothers stay home, although I have several whose mothers work in government, in banks, or in other prestigious jobs.  The students all wear North Face jackets, carry smartphones, and attend minimally two or three after-school academies.  They are all learning English, and all of the kids above a certain can speak with some degree of competence about world affairs.  In short, most of these kids are like the “smart” kids you knew in school.  Except that they are the majority.  And they are competitive.

The way that one is able to live in Korea further highlights some of the serious problems that we have in the US today.  Koreans do not fear the police.  The police are here to help, and they generally have a “hands off” policy.  Forget being harassed in the street.  More often than not, the police are young boys doing their two-year civil service, move in herds, and will smile and say “Hello” in English when you pass.  Small businesses are alive and thriving here.  Walk up and down any Korean street, and there are innumerable merchants plying their trade, and most of these businesses are family-owned.  It is incredibly common to go into a restaurant here and be waited on by the wife or children while the father prepares your meat in the back room.

Does that mean I think that everything is perfect in Asia?  Obviously not.  However, what I see here is much closer to how I envision a free, functioning society.  The people are not afraid of the police or the government.  Education is good and considered to be a worthwhile endeavor.  Manufacturing is still alive, and competition is encouraged.  In fact, the hard truth in Korea is that you have to compete and compete hard or fail.

The simple truth is that East Asia has a large population and is becoming more and more relevant on the world stage.  The people here are intelligent and economically successful, and they are enjoying their new prestige.  They travel, they spend money, they work hard, and they know what they want.  But one thing that I’ve never noted is that they expect anyone to give it to them.  Does this mean that everything is always bright and shiny and wonderful?  No.  The suicide rate here is the highest in the world, thanks to work-related stress.  There is a lot of pollution, and students spend more time at school than with their families or unwinding a bit.

I suppose what I’m really trying to convey is that capitalism is alive here more than it is in the West.  Freedom is alive here in a way that it is not alive in the US today.  I pay 3.5% in income taxes.  My health care, though not specifically to my philosophical tastes, is more accessible and just as good as anything I would get back home.  The Korean system is not perfect, but it does better by me than the imperfect system at home, which is frankly the worst of both worlds.  My life is good here.  My husband and I save approximately $3000 per month.  We are debt-free, and we have enough money to do pretty much whatever we want, when we want.  The sad fact is that this would not be the case in either of our home countries, England or the US.

It is high time that the US government remove its blinders and get with the program.  The US is being grossly out-performed by the East, and that doesn’t have to be the case.  I still stand firmly behind the belief that Americans are the smartest workers on the planet, and I think just about anyone who has worked both in the US and overseas will tell you that’s true.  We have unbeatable innovative skills, drive, and grit, but American business is stymied by the insurmountable burden of taxes, regulations, and labor laws that the government has laid upon it.  And I don’t just mean big businesses; this affects all businesses, from big manufacturing companies to the family-owned local business, a breed which I fear is approaching extinction now.

Unfortunately, I don’t see the government making any serious efforts to alleviate the situation at home.  Their answer is always the same: MORE.  More taxes.  More laws.  More regulations.  More committees.  More money to the banks.  More money to the mega-corporations.  More debt so that we can spend ourselves back to prosperity.  It’s time to reconsider the old notion that sometimes less is more.  Less regulation.  No war.  Fewer taxes.  Smaller government.  For God’s sake, stop taking money away from those who need it most.  Quit giving our money to failing businesses with too much influence.  Stop peddling influence for money overseas.  Let America get back to work.  Let us compete.  We have done it before, and we can do it again, but first, the government has got to get the hell out of the way.

My pessimistic view is that it is going to take a serious collapse to realize this goal.  I really hate to be that way, because it harkens me back to my grandfather again, though not in the best way: all doom and gloom and “I told you so.”  Part of me, however, is starting to think that maybe we need to get back to basics.  Let it all fall down, come what may.  Maybe, as Berwick suggested, a collapse would take the TSA, the Federal Reserve, and all the shady elements of the government with it.  Maybe it would allow us to get back to first principles, with a new era of liberty and prosperity rising like a phoenix from the proverbial ashes.

I hope that it doesn’t come to this.  Santorum is out and Gingrich is bouncing checks for $500.  They’re out.  Ron Paul is still in, and with a rally at UCLA last week that counted over 10,000 in attendance, I can’t say that the message of liberty is falling on deaf ears, because I truly believe that more and more people are hearing that message and responding to it in incredibly positive ways.  This is so uplifting, as I truly believe, as do most of us in the movement, that there is nothing that brings people together so much as freedom.  This gives me hope that the spirit of ’76 is not dead yet, and that the fight has only just begun.


LED Bulbs: The Wave of the Future?

Have you ever noticed how some movies use different color filters to achieve various cinematic effects?  An example of this that always stands out in my mind is the movie Traffic, which used blue and yellow filters to great effect, if my memory serves.  Of course, this is hardly the only movie that does this, but it sticks out most clearly in my mind, for whatever reason.  Have you ever viewed things through a blue filter in real life?  If you’ve ever used an LED bulb, the answer to that question is probably yes.

I hate LED bulbs.  Yes, I know that they save energy.  Yes, I know that incandescent bulbs are single-handedly responsible for the downfall of mankind.  You know what?  I don’t give a toss.  I hate the unnatural, dim glow of LED bulbs.  It reminds me of being surrounded by the glow of a computer screen.  It makes me feel like a nerd in a Tron-like movie where I’m about to be sucked into an alternate universe and then chased by guys on really cool motorcycles, probably also lit by LED.  While this description may sound somewhat cool, it really isn’t.  Brushing my teeth in a blue-filtered, white-washed reality isn’t pleasing or nice; it makes me feel like I’m going insane.

Incandescent bulbs?  Totally different story.  We have an incandescent bulb in our hall that literally lights our entire apartment.  We have an LED in the bathroom and the incandescent in the hall.  The LED barely manages to illuminate our tiny bathroom, which is approximately 7’x2 1/2′, including the bathtub.  Believe me, it’s hardly asking the moon to light this closet-like space up, but that light bulb fails miserably at the task.  The incandescent bulb illuminates the majority of our living area and kitchen in a warm, yellow, inviting glow that makes me think of summer and/or 1975.  In other words, it makes me feel happy and at peace.  LED blueness makes me feel like I’m stuck in Alaska (Land of Winter and 18+ Hours of Night) on a permanent basis.

Why is this even mildly relevant?  Well, fortunately for you US readers, it really isn’t.  There was a move last year to ban incandescent light bulbs, but it failed to pass the Congress.  However, the area several other countries that are now facing bans on our yellow friends, including the whole of the EU, Australia, Canada, Taiwan, Japan, China, and South Korea.  Since I’m currently a SoKo expat, that would include me.

I had passingly followed the debate in the US, quickly decided that I was in favor of whatever the free market would do by itself, and didn’t think much more of it.  It seemed like there were bigger fish to fry, although the government telling you what bulbs you can and can’t use is about as close to telling you when to wipe your butt as you can get.  Unfortunately, if there was any debate in South Korea about the bulb wars, the incandescent bulb lost.  By 2013, incandescents will be totally phased out in Korea.

I went on a light bulb run about four months ago.  At that time, there were a few, though not many, incandescent bulbs available at our local discount store.  I picked up a bunch and a fluorescent for our overhead and went on my merry way.  Because we use the incandescent bulb a lot, they go quickly. We don’t turn on the LED or fluorescent lights, if we can avoid it, since we prefer the glow of the incandescent and don’t need a lot of lights on at night.  When I returned to buy another big ol’ box last weekend, they had mysteriously disappeared.  My husband and I were perplexed, until I thought of the proposed ban in the US.  I figured if the US was attempting to do it, there was a good chance it had already happened in other places.  Sure enough…

A lot of people have made the argument that we shouldn’t be using incandescents because they are so inefficient.  We should all be doing our part to save the environment.  Others make the argument that nobody should be forcing our choices on things like this.  The free market should decide.  Guess where I fall?

Here’s the thing.  I like the idea of saving money on lighting.  The thing is, I don’t use tons of lights, anyway.  At any given time, we have a maximum of three lights on in our apartment.  According to a nifty little calculator I found on the Internet, we could stand to save about $321 per year if we could switch to an LED bulb.  And another thing! In order to the get the same amount of light from one incandescent bulb, I need about three LED lights.  Seriously, they suck.  I read constantly at night, and they are terrible for reading.  Part of this is due to the fact that they tend to emit light in a direct beam, rather than radiating outward like incandescents.  Not brilliant for someone who spends a good 2-3 hours in any given night reading.

Before you jump all over me, no, I don’t think it’s a good idea to pollute the Earth.  I’m as big on trees and critters as the next person.  However, I also value a well-lit house, particularly in my reading nook.  I understand that people think we need to get away from incandescents, but are LED lights really the future of lighting technology?  Am I really going to have to view myself in blue for the rest of my life?

At the end of the day, I think the market should be making these decisions, not the government.  I don’t like LED lights.  I would prefer to buy incandescent bulbs, especially give that I am in a somewhat transient position now.  Korea is not my “forever” home; this is just a temporary stop.  Paying about $40 for a light bulb, at this point, means that I’m paying $40 for another year of use on the bulb.  I might need to replace the incandescent three or four times in that year-long period, but they only cost like, $3.  At most, I’d be paying $12.  So somewhere in there, my energy savings would have to amount to about $28 over a year on one light bulb for me to be able to break even.  Whether or not it would do that, I’m not sure.  Current estimates seem to suggest that it takes about two years to see a return on an initial LED bulb investment, which would indicate to me that I probably wouldn’t see a return on my investment.  Couple that with the facts that I really need three of the little buggers to sufficiently illuminate the same amount of space and I hate the blue glow and what it comes down to is this: I’d really rather just leave the LED on the shelf, at least for now.

I think LED technology is perhaps a transitional technology.  I know I’m not the only person who doesn’t feel 100% love for the Smurfs of the lighting world.  At this point, they’re quite expensive, which may make them somewhat inaccessible for folks in certain income brackets who don’t have the luxury of waiting to see returns on an investment.  Many people right now could not afford to be spending this sort of money on a light bulb.  Thankfully, the US government mandate failed.  This might be the one instance when government has worked in the favor of our pocketbooks recently.

In any case, I hope that the cost of these things comes down and quality improves over time.  I feel that eventually the mandate will be revived and will pass, which is usually what happens to this sort of thing.  I also wish that, at least here in Korea, we were being given the option of choice.  Let the two bulbs duke it out on the market.  If the LED bulb is not a worthy competitor, perhaps it should be replaced with something else that is – something cheap that lasts a long time and doesn’t make my house look like a scene from Tron.  Allowing a competitive market to force innovation: what a novel idea.  It’s working wonders in the tablet industry.  Why can’t it work in the lighting industry?

Read more about the blue wonders below.

“LED bulbs: The end of the lightbulb as we know it?” – BBC World News

“Congress overturns incandescent bulb ban” – The Washington Times

Gibson Guitar Raid Update

Back in August of last year, the US government raided the Gibson guitar factory, claiming that the guitar makers were in violation of the Lacey Act, which is a conservation code originally enacted to protect wildlife.  It has since been extended to protect plant life, as well.

The Feds stormed into the Gibson plant and confiscated over $500,000 worth of materials.  Why did this happen?  Was Gibson purchasing illegally-gotten rosewood from Madagascar or India?  Shockingly, the answer is no.  The wood in question was obtained from India, where it was gotten legally.  The government got irked over a measurement issue that had to do with how the wood was sanded down before it was shipped over here.  Translation: it was a labor problem and had nothing to do with conservation.

The Indian government has provided affidavits to Gibson saying that Gibson has done nothing wrong and satisfied all laws on their side.  No workers were mistreated or done over in the obtaining of this wood.  The US government (I would assume perhaps the customs office) has also given an affidavit stating something similar.  Simply put, Gibson has done nothing wrong.

The government still has not returned the confiscated materials and refuses to let Gibson fight the charges, which were never officially filed, in court.  To anyone who says that government is not force, I hold up this incident as a shining example of why government is force – and frequently not a benevolent one.

Check out the video summary, including statements from Gibson CEO Henry Juszkiewicz.

Gibson Guitar Raid Update from Reason TV

Chinese Housing Bubble Looming on the Horizon?

I thought I would forego a long-winded post tonight and post a video instead. I got this one off of Twitter via Raw Milk Colorado, and it is about the Chinese housing bubble, a fascinating subject, indeed.

Of course, China is still a state-controlled economy, and the Chinese government has been relentlessly driving large infrastructure projects, including big housing developments. The problem is that these big apartment blocks and shopping malls are, in some cases, largely sitting empty. In one city, only 25% of all the apartments are occupied, and this has been true for over half a decade with no signs of change showing themselves. Meanwhile, in Beijing, the housing prices make affording a property a luxury that is available only to the wealthy, in some cases.

It seems fairly obvious that this is a result of government intervention. State planning can never truly anticipate the needs of the market. This was true back in the USSR, and it is true today in China. Unfortunately, it would appear that China has a housing bubble to rival that of the US bubble that burst back in 2008. That bubble is currently on the upswing, which means that it’s due to burst sometime in the nearish future. Encouraging. Just what you wanted to hear, right?

Anyway, the video is about 15 minutes long and very interesting. I highly recommend you take a gander, when you have a few minutes to spare. Enjoy!

**Sorry, I had to just paste the link on the page.  For some annoying reason, the URL wasn’t showing up.  Not sure if it’s the link or WordPress, but if you copy and paste it into a new window, there shouldn’t be any problems.

Freedom Watch Booted from Fox Business

I am so disappointed to be writing this to you, readers.  Freedom Watch on Fox Business has been cancelled.  For those of you who don’t know about it, Freedom Watch was a show hosted by Judge Andrew Napolitano.  Judge, as he is commonly known, showcased Austrian economics, libertarian philosophy, and real news issues.  Judge was probably the only libertarian on the news, and now he’s been cancelled.  If you’ll allow me a moment of perfect candor, the first thought that I had when I was saw this headline was, This is bull$h1t!  I’m angry.

Judge was shining a bright light on the Fed, the NDAA, and the tomfoolery that goes on daily on the Hill.  Judge was the only host bringing us real straight talk about the economy and the state of the world today.  I watched his show often in clip version, as we don’t get it in Korea, and found every segment to be enjoyable and informative.  I will admit, of course, that he was preaching to the choir.

Why can’t libertarians have a newsman of their own?  I don’t believe that there weren’t enough viewers, because there are plenty of libertarians, and more are coming to the fold every day.  Judge was a great voice for liberty, and that voice has been silenced.

I, for one, don’t intend to take this lying down.  I love Judge’s show, and he is probably the only person on Fox – or TV, generally – for whom I have any respect.  If you are libertarian but you haven’t watched his show before, I suggest you head to Fox and watch some clips before they get removed.  I’m sure there will be plenty of devotees who have him on YouTube, as well.  I will continue to reuse and distribute his clips, as I think they are interesting and informative.  I’m also going to send an angry letter to Fox and tell them exactly what I think about this.  If you love Judge and refuse to let him go quietly into the night, I suggest you do the same!

Freedom Watch: Ron Paul Will Be On GOP Ticket

Continue reading on FreedomWatch with Judge Andrew Napolitano has been cancelled – Wilmington Civil Rights |

**Addendum: Fox has apparently been inundated with emails about Freedom Watch.  Judge has posted on his Facebook page that, while he appreciates the show of support, the people at Fox are getting pretty irked about the constant emails, and he is requesting that people stop immediately.  We must respect Judge’s wishes on this matter.  Please DO NOT email Fox News about Freedom Watch.  I have taken down the links to the Fox exec’s emails.  

Judge has also stated that the decision was based purely on business and not on the content of the show.  He says that he accepted the decision cheerfully and feels that there will be another opportunity or project for him some time in the near future.  I can only hope this is true.  In any case, please don’t email Fox anymore, guys!

Financial Crises Over? Not Yet…

Groundhog Day was a few days ago, and apparently ol’ Punxsutawny Phil saw his shadow.  I guess that means eight more weeks of winter, and although there are significant portions of the US that haven’t had much of a winter, the news that more might be on the way is never a welcome sound, at least for someone like me.  Anyone who knows me will tell you that I hate winter and am highly intolerant of cold.  Were it not for the hurricanes and high housing prices, I’d be living in south Florida.  I started thinking about the economy and the weather, and it’s funny how the media and government treat them as though they are similar animals.

We’ve all heard a lot of talk about how the US economy is making a recovery or more jobs were created or some such thing.  If we’re being totally honest, I don’t think there are too many people in the private sector right now who would be willing to make the claim that things are getting better.  They’re not.  The government and the media, however, insist that they are.  Everything is fine!  Things are getting better every day!  Lighten up, people! That would be like telling me that winter is over when there is six inches of snow on the ground.  I would be far more willing to look at the hard-to-miss evidence of snow on the ground versus some pie-in-the-sky claim that “winter is over.”

US Treasury Secretary Tim Geithner has made the claim, according to an article on Business Insider that “the worst is behind us.”  Geithner made the erroneous claim that the weakest parts of the economy have been shut down or restructured and that we are getting stronger every day.  In spite of this statement, however, the Treasury released a statement that it will consider allowing investors to participate in negative-yield auctions.  Yeah, I didn’t know what those were either, and frankly, they didn’t sound like anything I’d care to buy.  In layman’s terms, that just means that investors are willing to take less yield now in exchange for the perceived financial security of US Treasury bonds.  In other words, Wall Street investors are worried about where to put their money and perceive a lack of recovery in the global markets.  Therefore, they are putting their money into something that they believe will keep it safe: Treasury bonds.

The Treasury, if it decides to go ahead with this, will be issuing the bonds at premium rates.  This is notable, because normally Treasury bonds are sold at a discount.  In this case, the bonds would mature at par.  That means that the investor receives the difference between the amount it paid at purchase (premium) and the amount received at maturity (par).  Translation: the investors are receiving less at maturity than what they put in at purchase.  Investors are currently willing to take what appears to be a loss in order to secure their money.  Wow.  In my eyes, that is incredibly telling about the current state of financial affairs.

It is truly interesting that Secretary Geithner (who will not seek a second term as Treasury Secretary) is willing to, in my view, lie to the American people about a recovery when clearly market investors are not all convinced of this fact.  Why in the world would we choose to believe the weatherman when he says it’s sunny, a man who has been proven to be wrong on many occasions, when we can look outside and see for ourselves that it is snowing?  Is it just me, or does the emperor have no clothes?  In my mind, the actions of the market speak far louder than anything some government-Fed crony is saying.

I think it would behoove most of us to be cautious and be prepared, financially.  With rumors of QE3 swirling around and investors making moves to stash their money in safe havens, it seems that the worst may not be behind us yet.  That is not welcome news for anyone but unfortunately, anyone who is willing to look outside and see sun when it is snowing is either insane or so good at playing pretend that (s)he may as well be nuts.

The Big Shut-Down

Chances are, if you were born before 1988 or so, you probably remember the prime time TV drama “Dallas.”  I remember my mom watching “Dallas.”  We watched it together, and she always made me be quiet so that she could hear what was happening.  I still love that show, even today.  Who doesn’t love watching the diabolical J.R. Ewing try to scheme his way out of a sticky situation, usually of his own creation?  There was an episode in, I believe it was season three or four, called “The Big Shut-Down.”  J.R. tries to put Clayton Farlow, an oil refiner, out of business for harboring his ex-wife Sue Ellen and their son, John Ross.  J.R. ends up garnering huge losses for Ewing Oil, and Miss Ellie has to step in and negotiate with Clayton to buy up their oil.  In the end, in spite of his scheming to be top dog, J.R. ends up getting himself removed as president of the company.  More and more, the U.S. is starting to remind me of J.R.

The U.N. just had a vote about whether or not to intervene in Syria.  China and Russia, as was predicted, vetoed any action in Syria.  China suggested the U.N. turn its relief efforts towards Somalia, which has been going through on of the worst famines in recent memory.  This is hardly surprising, given the fact that there is a strong bond between China and Russia, and Russia has long had ties to Syria and other countries in the Middle East.  Russia is Syria’s main arms supplier.  Russia forgave most of Syria’s Soviet-era debt.  Syria allows Russia use of its port of Tartus, where Russia maintains a Mediterranean fleet.  Russia also has at least one major natural gas project going in Syria that is reportedly worth into the billions.  It is not surprising, therefore, that Russia isn’t keen to oust President Bashar Assad.  Things have gone fairly well for Russia in Syria.

If the U.N. (i.e. mostly the U.S. with Europe in the backseat) goes into Syria on one of its “peacekeeping” missions, it seems inevitable that Russia will lose out, probably in a big way.  Its natural gas project could be nationalized.  It could lose the right to keep its navy in Tartus.  Hardly a satisfactory situation.  No country would be happy about another country or group of counties messing with its cash flow.  One might also assume that, given Russia’s veto of the U.N. intervention, if the U.N. decides to go into Syria anyway, Russia will see little benefit from it, in oil or gas trade or otherwise.

The Sino-Russian link is becoming stronger and stronger.  They have been showing solidarity against the West as of late.  China has been working hard to broker the influence of the yuan in the Middle East.  China and the UAE just reached a deal worth about $5.5 billion dollars.  The UAE has agreed to hold renminbi (yuan) in its vault, which will give increasing prestige to the Chinese currency.  Make no mistake about it: Russia and China generally, and China most particularly, are looking to strengthen their ties with the Middle East, and one of the ways that they want to do that is by pushing the renminbi as a viable trading currency.

Something to keep in mind is that China strictly controls its currency flow, as of right this minute.  That is, it only allows for a certain amount of transactions to be done in its currency.  That said, the writing is on the wall, in terms of how China is looking to the future.  There will come a day when China will loosen its currency policy, and it is making inroads to ensure that the renminbi emerges as a currency of favor.  It is estimated that by 2025, China will import three times as much oil from the GCC as the U.S. would need.  Let’s face it: money talks – and walks.

Unfortunately, we are pursuing an increasingly dangerous path in the Middle East.  We are continually intervening for the sake of maintaining the dominance of the petrodollar, which is vital to the continuation of the loose money policy of the Fed.  I could hazard to guess that were it not for the petrodollar and the use of the U.S. dollar as the main reserve currency, the dollar would already be belly up like a goldfish in a dirty bowl.

Frankly, I’m beginning to get extremely worried about the situation that is unfolding in the Middle East.  The U.S government is making it fairly clear at this point that “nothing is off the table,” and if you believe what the news media is saying, war with Iran is practically a foregone conclusion.  I’ve talked at length about why this is probably true.  Follow the money, find the incentive, and you will understand what is happening today.  The same is true about Syria.

The root of this evil lies with the Federal Reserve.  The Federal Reserve has inflated our currency, and now, in order to maintain reasonable purchasing power at home, we are going into foreign countries in an attempt to maintain our ill-gotten standard of living.  It is completely and utterly unsustainable, and people are dying along the way.  It is still incredible to me that the peaceniks I heard who were calling out for Bush’s impeachment are strangely silent now, in spite of the fact that the “war for oil” is nowhere near at its conclusion.

I am afraid of where this constant foreign intervention is leading us.  We are making more and more enemies abroad while further destabilizing an already perilous situation at home.  It is high time that we heed the words of the Founding Fathers and cease our foreign entanglements.  It is time to audit and finally abolish the Fed.  We must return to sound money, for if we don’t, we will only continue down a violent path that will lead to our own inevitable destruction.

While I know that the “gloom and doom” scenario gets tiresome and depressing, there are things that we can do about it.  The first thing that we can do is educate ourselves.  Start reading Mises, Hoppe, Rand, Rothbard, and other Austrian/libertarian philosophers.  Get acquainted with liberty.  It is, for lack of a better word, liberating.  Also, get out there and vote for Ron Paul.  I know that some states have already held their votes, but if you’re on the fence, get off it and go vote for Paul.  Read some of his speeches and articles.  They can be found for free.  Go to the Mises Institute.  There is so much free information available to us, if only we will take the time to go out, find it, and read it.  There is still time to turn this situation around.

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