by Tom Franklin
Despite encouraging words from politicians and the establishment media’s talking heads, it is clear to me, and I believe most Americans who do not live in a regime ivory tower, that we are not coming out of the recession. In fact, things appear to be getting worse as unemployment continues to rise and businesses cut salaries or shut down. The fears that this recession could turn into another Great Depression are very real, as we have lost so much of our capacity to create wealth and the federal government seems determined to use up any remaining capital fighting endless wars, funding endless entitlement programs, and spending trillions of dollars on non-wealth-creating “stimulus” programs while handing out even more trillions to their bankster buddies and corporate cronies. However, another 1930s-style depression is not what keeps me up at night with worry.
America could survive another Great Depression if it was like the last one. Sure, it would be extremely painful, but it would be manageable, as it was before, and eventually we would come out of it, despite the fact that the government would most certainly make all the wrong moves along the way. However, what really terrifies me is a hyperinflationary depression.
According to John Williams at ShadowStats.com, in an article titled Hyperinflation Special Report, hyperinflation is not only possible, but inevitable due to the overspending of the federal government, and the printing press of the Federal Reserve, which as Congressman Ron Paul continuously reminds us, prints money out of thin air. Williams’ report is a truly terrifying read that insists that the coming hyperinflation could get so bad that we will have to resort to the barter system as the dollar will become nothing more than very rough toilet paper. He cautions that electronic banking will cease to work and for a time no one will have any money at all, not even inflated currency. You can certainly imagine the type of Hell on earth this will create for the American people.
Ron Paul: Health Care Bill Could Kill The Dollar
“If you think health care is expensive now–just wait until it’s free.”
P. J. O’Rourke
Universal health care will not be free – it will devastate the economy, warns Ron Paul
Paul Joseph Watson
Monday, November 9, 2009 (always ahead of his time)
If the Obama administration keeps its promise in guaranteeing not to raise taxes to pay for universal health care, the only way to cover the costs will be for the Federal Reserve to print even more money out of thin air, a process that will kill the dollar and lead to lower living standards for all Americans, warns Congressman Ron Paul.
In his weekly Texas Straight Talk telephone update, Dr. Paul said that
Saturday night’s passage of the health care bill in Congress will lead to a further devastation of the American economy and the greenback.