We just had a $700 billion bailout bill that was signed into law and done in defiance of the American people at large. This money is on top of many more billions that have already been spent bailing out Wall Street. We have a runaway government and we will likely experience economic depression or very high inflation, or possibly both, in the near future. Yet, I am smiling about the whole thing.
It is hard times for many people and I certainly sympathize with them. Our own government is raping us and it is a shame that we have to go through this. But there is certainly a lot to be positive about. Last year, Ron Paul triggered a small but significant revolution in this country. Although the results were somewhat disappointing, we can’t ignore that he received 1.2 million votes and seemed to awaken many people.
Perhaps I am smiling because the Austro-libertarians have been vindicated with this whole mess. Ron Paul has been warning people for years about the Federal Reserve and the distortions in the market. Anyone paying attention can see that he knew what he was talking about. We should not feel that we can’t point out that the Austro-libertarians were warning of this years ago. …
This last week, Americans awoke from a deep sleep. Or maybe they were already awake, but we didn’t know it yet. Congress got flooded with calls opposing the bailout. One Congressman said that the calls to his office were running 50–50; 50% no and 50% hell no. Although the majority of Americans still don’t understand inflation and the boom/bust cycle very well, they instinctively understood that Americans were being ripped off with this bailout and that the government officials were simply rewarding their friends on Wall Street who had failed. Even as far as rising prices, many more Americans are realizing that the cause is monetary inflation, although we probably don’t have a majority that understand this yet.
We have a lot to be positive about. Now you may think that is crazy because Congress still passed the bailout bill, despite strong opposition from constituents. Now don’t expect all of these people to be voted out of office next month who voted “yes” on the bill, but this cannot go on forever. First of all, the empire is coming crashing down. Even if this weren’t the case, it won’t matter over time. Americans are becoming far more well informed than in the past. The internet allows us to communicate to each other quickly and effectively and expose many of the lies of the politicians.