Well, shortly after sundown today, our Congresscrooks, starting with the Senate tonight, will begin voting to send us into an economic Depression by bailing out banks that should be allowed to fail. Their only alternative to voting for this new porked-up $700 billion bailout is to vote against it, let the banks fail, and allow the country to suffer through a brief - maybe one year — recession. But I don’t think they’ll do the latter because they’re up for reelection Nov. 4, and they care more about their jobs than they do about the country. Plus, many congresscrooks are too economically stupid to do anything but follow lockstep behind the congressional leaders who are whipping them into a herd like they are so many dumb cows.
What congressional leaders have done for this evening’s vote is to add porkbarrel spending to the bill so that wavering congressmen can suck down a little more Government money. That should get them to vote for this bad bill, the leaders figure. What a sorry day for America if this passes. Big Government will be much bigger and our individual freedoms will be much smaller. If the bill passes, our financial future as a country will appear to be better temporarily, but it will actually have taken a tremendous body blow.
If the bill passes, look forward to big financial inflation in your future. The only way the Government will be able to pay its bills will be by printing more money. For those of you about to go into the social security system, look to a financial future of bleakness. Someday soon the Government will start slowing your cost-of-living increases as it inflates the money supply. It will have no choice, and those younger voters of the future will demand it. You’re all doomed to poverty.
Look for prices of all sorts to go up. As the value of the dollar plummets, most things will cost more. The staples of life, such as food, will be severely affected. Electronics should be okay because they benefit from continuing innovation and improved techniques of manufacture, but food prices will not. Food is adversely affected by inflation, plus Government programs that encourage things such as ethanol production will take farm land out of production, putting even more pressure on food prices.
I went out over the weekend and bought a lot of food and supplies to weather the coming Depression and inflation of prices. That’s my immediate personal strategy. The next three issues of Backwoods Home Magazine will concentrate on the emerging Depression and give you strategies about how to cope. If you think you could use such advice, click here to subscribe. Also, click here to immediately begin reading some articles that will help you plan for what’s coming.
Here’s an interesting interview from today of Congressman Ron Paul by Fox’s Neil Cavuto. Paul would be a good President, but his own Republican party treats him as an outsider because he doesn’t play the Demopublican game of Swindle the Taxpayer.
