June 7, 2010

Keynesian Debt and Inflation Crisis

Is inflation inevitable? Maybe. Is America bankrupting itself? It sure seems that way, and that in itself is likely to contribute to hyper-inflation as the government struggles to manage its debt.

This video is a must see. I’m not a fan of Ron Paul on foreign policy and a number of other things, but he is certainly on target about the currency, inflation and the national debt situation. He is also only one voice of many in the video. On the other hand, the video lumps in Republicans with Democrats with a very broad brush on lack of concern about national debt. So watch those portions of the video with a grain of salt.

To say that Republicans have not heard the message and aren’t willing to move things in the right direction I would argue is not a valid argument at this point. In addition it seems tantamount to defeatism because no third party candidate has a reasonable shot at winning in sufficient numbers to do anything in time to stop what the video foretells. The only real choice is to ensure significant GOP gains in 2010 and 2012 and then hold them accountable to delivering fiscal and monetary sanity within a reasonable time frame. Give them milestones to meet. Outside of that, there isn’t much of a chance to forestall a collapse, if this video is right.

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