Monday, September 8, 2014, AM | Leave Comment
It seems that in the richest country of the world, the economic system is broken or is it the political system that cannot be fixed? One is strongly dependent on the other.
However, because humans must be provided with the basic necessities of life – food, clothing, and shelter, a good economic system must take precedence over political system.
But then again, a good economic system cannot sustain and maintain itself without a good political system and the populace taking part in it with their free will.
In any nation, there can be no political liberty without economic freedom that can only be based on an honest money system that treats everybody the same across the nation.
Naive statement continued…
The last couple of weeks, I received two emails where I’ve been accused of being “f***ing liberal s***.
I’m neither liberal nor conservative.
If anything, I’m moderate in every sense of the word – politically, socially, financially and in all other disciplines.
However, I tell it like it is. You’d very seldom read any politically correct statement in these pages.
I strongly believe moderation will prevail all over the world and extremism of one kind or another will be defeated.
During a political campaign, since moving to the U.S. in the 1970s, I have heard almost the same rhetoric from candidates at all levels that once elected, they will “Fix” the economic system wholeheartedly.
On the contrary, when you look at it, in retrospect, nothing has changed and if it has, it has changed for the worse, over the last 30 years.
Many finance experts tell us, the general populace is living in more miseries – under the burden of mortgage, credit card debt, student loan debt leading in most cases to ultimate bankruptcies.
What’s the solution?
The biggest solution can be to press upon your Congress(wo)man to live up to their promises, not take money from Political Action Committees (PAC), not to worry about being re-elected, hire some good, decent, and more than anything honest economists on their staff.
Rise up O! Neglected populace and tell your representative
You are never gonna take it anymore [Network]. You’ve had it and you are not gonna believe in their false and deceptive promises anymore. [Don’t re-elect them if they are not on the path of keeping their promises.]
You are in a jungle where the wolves of depression and recession roam freely amongst you. Along with your reps, business leaders must know that our money system is dishonest and broken to pieces and it serves a chosen few – the rich.
If you let the status quo remain as it is, there will be more miseries, more bankruptcies and more debt in your kids’ future the likes of which cannot even be imagined at present.
The value of savings accounts and insurance policies will be destroyed unless correct measures are taken to restore property values, and full employment.
Examine the fundamental cause of our economic chaos. Making a few intelligent and scientific changes in the operation of our money system will eliminate the dangers of our being ruined repeatedly by false principles.
In a Nutshell
So, therefore, the problem facing us today is not the need for the formation of a new political party.
It is the need for all the populace to press upon their respective so-called representatives to make changes in the economic system so that all folks can live comfortably and happily ever after.
This post is inspired by a book that goes by the name “Money Creators” authored by Gertrude Coogan published in mid 1930s.
If you like to get more informed about the economic system, there are blogs that cater to a similar group of folks. One such blog is by Ludwig Von Mises Institute.Facebook.com/doable.finance