It’s the end of the world as we know it
by Mark Luedtke
Civilization is not going to be destroyed by a meteor, comet, volcano, pole shift, plague or any other external force. Our civilization is committing suicide by government.
Back in the 1970s, Japan was a manufacturing and export giant, but by the 1990s, it had petered out. That’s because production was fueled by printing money, and the inevitable consequence of every phony boom created by printing money is a bust that exposes the real destruction of wealth that occurred during the boom. Over last 20 years, the Japanese people have swapped between supposedly conservative and liberal ruling parties, but both do the same thing: tax, spend and print money. The result is the Japanese economy continues to flatline.
Japanese voters just kicked the liberals out, giving conservatives a resounding victory. Reuters describes the conservative’s agenda: “An LDP win will usher in a government committed to a tough stance in a territorial row with China, a pro-nuclear energy policy despite last year’s Fukushima disaster and a potentially risky prescription for hyper-easy monetary policy and big fiscal spending to beat deflation and tame a strong yen.” So-called conservative politicians don’t even pretend anymore. The only thing conservative politicians conserve is their power to increase looting of the people. The only thing liberal politicians liberalize is their power to loot more wealth from the people. All political parties are the same because politicians get rich by using government to steal our money. We’ve created a system where the two parties are locked in and there’s no difference between them. Emma Goldman explained this a hundred years ago when she said, “If voting changed anything, they’d make it illegal.”
Consider the phony fiscal cliff negotiation between President Obama and Speaker Boehner. Obama called for $800 billion in new revenue before the election, then he lost 4.2 million votes from 2008 to 2012. That’s an unprecedented repudiation for an incumbent president, yet both parties pretend he won a mandate. Boehner one-upped Obama by offering $1 trillion in new revenue and higher tax rates on people making $1 million a year. Obama countered by demanding $2.4 trillion in new revenue and increased rates on people making over $400,000 a year. H.L. Mencken called elections an “advance auction sale of stolen goods.” That’s exactly what we’re watching. Both men are working together to rob us, yet most Americans believe they’re opposing each other.
The same thing is going on in Europe. The Greek and Spanish governments can’t afford to pay interest on their debt. Ireland, Italy and Portugal are in similar straits. The other eurozone countries repeatedly bail out the PIIGS, as they are called, then demand austerity. Austerity is the buzzword of choice from the eurozone. But economist Philipp Bagus reports austerity in the eurozone is a myth: “There exists not one country in the eurozone that is austere. They all spend more than they receive in revenues. In fact, government deficits are extremely high, at unsustainable levels.”
But the bigger problem is printing money. If I print money, share with my friends and we enjoy a spending orgy, we get richer and everybody else gets poorer. When central banks print money, share with their cronies and they enjoy a spending orgy, everybody else gets poorer. The only difference is government has legalized counterfeiting for central banks, not me. And government employees have literal orgies.
But the Federal Reserve, the European Central Bank and the Japanese Central Bank have lost control. Despite printing unimaginable amounts of money, they can’t ignite a new boom. The Fed just announced it will monetize $85 billion in U.S. government debt every month, but it won’t help our economy. We’ve reached what Ludwig von Mises called the crack-up boom. All printing more money will do is hasten the destruction of the dollar and the consumption of our capital.
And that’s the key to the collapse of civilization. Printing money foments revolution, but it’s much worse for the dollar. The dollar is the world’s reserve currency. That means central banks around the world hold dollars as if they were gold. Also, all international trade occurs in dollars. But as the Fed devalues the dollar, foreign countries will dump dollars by buying things in the U.S. with those dollars. The result will be hyperinflation, then the collapse of the U.S. economy. When the U.S. economy collapses, every western economy will follow.
This isn’t rocket science. It’s well understood by economists, bankers and politicians, but they keep looting us into self-destruction anyway. That’s because our rulers prepared estates in South America or Indonesia or the Maldives to escape to when the collapse comes. Politicians are sucking the last drops of blood from us before they escape to their foreign crypts.
The U.S. is not likely to survive. The secession movement is growing rapidly because of American ideological and economic balkanization and secession are a sure way to mitigate the effects of the collapse. The good news is, once government has no more money to oppress us, we can rapidly rebuild in an environment of tremendous economic freedom.
The views and opinions expressed in Conspiracy Theorist are the views and/or opinions of the author and do not reflect the views and/or opinions of the Dayton City Paper or Dayton City Media and are published strictly for entertainment purposes only.
Reach DCP freelance writer Mark Luedtke at MarkLuedtke@DaytonCityPaper.com