Sunday, June 20, 2010

Decline and Fall of the United States

The United States is humanity's last hope and it is in serious decline. The reason for the decline is a paradox.  Individualism, the spirit that motivates human achievement and is the chief American value, causes government to misfire.  America is built on individualism, and in a condition of freedom, including a free economy, that individualism supports achievement.  But in a government-dominated state individualism leads to manipulation of the state at others' expense.  America did not need to expand its government. But once it did, its decline and fall were only a matter of time.  In 1960 the process we are witnessing today could have been reversed.  In 1970 there was still some possibility.  It no longer can be reversed.  The extent of indebtedness; the misallocation of resources; the damage that the government has done to the economy are too great.

Political involvement is now unimportant.  Because America's decline and fall are cast and because the American public is addicted to the drug of "something for nothing", there is no turning back.  The two political parties are agents of corruption, and the public lacks the imagination and vision to replace them. The centralization of power opens control of the United States to power seeking psychopaths.  Their assumption of power is only a matter of time.

I had thought I could make a difference with respect to the trajectory on which the nation is traveling, but I cannot.  Political activity is a waste of time.

When the United States falls, there will be a push for greater centralization.  I do not think that the American public is spiritually or intellectually prepared to resist this last incursion on their liberty.  America has become a nation of serfs.  It will continue its descent into national slavery.  Political activity or debate is powerless now. Insane extremists are in charge, and Americans have acquiesced.

I Resign from Republican Liberty Caucus

I have concluded that the Republican Liberty Caucus is but one more corrupt Republican organization. In a state where the Republican Party is generally corrupt this does not come as a surprise.

I have not heard a single RLC member or candidate come up with a coherent scheme to reduce government in New York. Carl Svensson personally told me that he did not believe that it was possible for a viable candidate in New York to run on a platform of budget cutting because of the opposition of public unions. In a year when the public has become energized via the Tea Parties, New York's RLC has contributed nothing, zero, to the Tea Party movement. When I proposed that the RLC back a candidate who offers $10 million to run on a platform of budget cutting, the RLC cannot figure out how to support such a candidate.

Rather, members indicate that supporting a budget cutting candidate will hurt their own chances for miniscule public offices, and that is more important to them than reducing government in New York.

I have not heard of a single RLC candidate to run on a budget cutting platform whereby he or she has advocated a 20% or greater budget cut. When a candidate appears who says that he favors a 20% budget cut, the RLC refuses to endorse him.

I think we can we conclude that the RLC is not an organization that has a thing to contribute to reducing the size and corruption in government in New York.

Please count me out. New York's RLC is a joke.

Sincerely,

Mitchell Langbert

Saturday, June 19, 2010

US Turns Down Help Re Oil Spill

Sean Reilley of al.com (h/t Glenda McGee) points out that:

"Some 28 foreign countries and international organizations have offered help in responding to the Gulf of Mexico oil spill, but the bulk of those overtures remain "under consideration," according to a tally posted on the U.S. State Department's website."

Obama's been doing such a great job, no wonder his State Department can take months to respond to offers.

Gold Hits Record High

The Street.com reports that gold hit a record high (in nominal dollars) at $1258.30 per ounce.  I view this as a speculative market driven by fear of global monetary collapse and short term investors.  I doubled my gold holding on the hunch that the bubble will continue for at least a few weeks although the market could collapse at any time.  Nevertheless, "expert" gold investors  on Kitco often quote an old saying "sell in May and go away" until the fall. But here it is mid-June and the gold market is breaking new highs.  This seems to be a very strong bull market.

As I noted a few days ago, other commodities are not bubbling like gold.  Silver has its advocates and it went up more than two percent today, but it is not moving as fast as gold.  Nor is there inflation.  According to the Bureau of Labor Statistics there was 0.2% deflation in May although prices increased 2.0 percent year over year.  These numbers are likely understated as the CPI statistics are biased against inflation to minimize social security increases.

There is reason to fear monetary collapse.  The debt that the US government is issuing will need to be repaid. If interest rates rise, then the repayments will become burdensome.  That will put pressure on the Fed to continue inflating.  If it does, foreign bond holders may sell, which would stimulate further inflation.

Modest commodity price increases in other areas suggest that other commodities may be better long term holdings than gold.   The DBA, DBC and SLV, agricultural, commodity and silver indexes, may be less speculative and require less buying and selling.  El Dorado Gold, which I sold at about 17 is now at 18 and going strong.

I don't invest more in gold than I can afford to lose half  in the short term.   In the long term gold will likely go up.  It does not seem that the centralized money supply is a system that will last.  Throughout history monetary collapse has been accompanied by inflation.  Another alternative would be the bankruptcy of the federal government. 

Americans should fear any impetus toward global centralization of the money supply.  Much as the Greek economy has dogged Germany do we really want to deal with Venezuela's economic problems, as bad as America's are?

Bill Gates and Depopulation

On a tangentially related front, there is a video circulating that has Bill Gates saying that he would like to depopulate the world. Gates holds that vaccines will cause lower population. "If you reduce childhood deaths population growth goes down."  However, the fixation on population control is like marijuana (so they say)--it leads to stronger stuff.  When the vaccines are distributed, then restrictions on human reproduction are sure to follow. The video below argues that vaccines are not enough to reduce infant mortality in the Third World.  Undrinkable water, for example, causes a large share of deaths.  So why use vaccines to reduce population? And if vaccines fail to reduce population, what do Bill Gates and the UN next have up their sleeve?

The depopulation issue seems to be related to the monetary issue. Just as government mismanagement leads the greedy government officials to call for more power, so the mismanagement of public health leads to ever greater calls for repression by health officials.  Both lead to increasing centralization.