Economic Apocalypse Now

[eyer]

by Ilana Mercer
6/3/11

"Above all, the emperor's experts want you to believe that the values and virtues ordinary mortals hold themselves to don't apply to government, that macroeconomics and microeconomic are two separate solitudes, governed by different laws.

"But the laws of economics are natural, not political, laws.

"These very laws Thomas Jefferson was enunciating when he warned that "the greatest danger came from the possibility of legislators plunging citizens into debt" (excerpted in "Liberty, State & Union: the Political Theory of Thomas Jefferson," by professor Marco Bassani). "We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude."

"When Standard & Poor's cut the American credit outlook to negative, the Financial Post's Terence Corcoran mocked the credit ratings agency's "special talent for arriving at the morgue and predicting the demise of the deceased."

"Indeed, the United States has already passed on as the world's economic leader. Having flouted Jefferson for too long, America has succumbed to public debt, the "fore horse for oppression and despotism," after which "taxation will follow, and in its train wretchedness and oppression."

More...

http://www.wnd.com/index.php?fa=PAGE.view&pageId=306489

 

[eyer]

"The refusal of King George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the revolution."

Benjamin Franklin


(George III had outlawed the interest-free monies the colonies were introducing and producing for themselves; in turn, forcing them to borrow from the Central Bank of England - at interest...

...immediately putting the colonies into debt.)

 

[shoulderblade]

"The refusal of King George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the revolution."

Benjamin Franklin


(George III had outlawed the interest-free monies the colonies were introducing and producing for themselves; in turn, forcing them to borrow from the Central Bank of England - at interest...

...immediately putting the colonies into debt.)

Reminds me of the Salt laws in India. When an imperial power starts to strangle its dependencies for its own gain bad things follow.

Actually George III is as good a reason for the American revolution as any.