Comments on: Preparing for Global Collapse – by Vasko Kohlmayer

By: Len Powder

Len Powder — Fri, 04 Dec 2009 06:28:44 +0000

That government is best which governs least.

By: Will Marshall

Will Marshall — Thu, 03 Dec 2009 22:05:07 +0000

What do you propose be done with the people who are engineering these events?

By: LindaRivera

LindaRivera — Thu, 03 Dec 2009 18:24:12 +0000

PUNISHED for BEING AMERICAN

WORLDNETDAILY.COM
Obamacare's penalty on families
Craige McMillan
December 03, 2009

Jack is married and has two children. He earns $44,000 per year. Because he has a family and things are tight, he can't afford an unexpected illness. Jack opts for the lowest-cost IRS-approved insurance coverage. The CBO estimates a family of four will pay $15,000 per year. Jack's monthly pay stub looks like this, before and after health care "reform":

(click on the link to see the graph! - Monthly net pay before insurance $2,854.70. Fed health insurance premium of $1,250 reducing Monthly Net pay to $1,604.70)

It's hard to see how Jack's new paycheck does much for the economy, isn't it? Perhaps he and his family become another ward of the ever-expanding federal government, and can fill out the appropriate forms to plead for handouts and help...

The IRS was an excellent choice by Pelosi and Reid: It doesn't give a rip about constitutional niceties; all it does is suck money out of the economy; levy fines, penalties, empty bank accounts and place liens on property.

"The Congressional Budget Office stated on Oct. 29 that the House bill would generate $167 billion in revenue from 'penalty payments.' Individual Americans are expected to pay $33 billion of these penalties, with employers paying the rest. Former member of Congress and Heritage Foundation fellow Ernest Istook has concluded that for this revenue goal to be met, 8 to 14 million individual Americans will have to be fined over the next 10 years, quite an incentive for federal bureaucrats."...

Illegal aliens will be exempted from taxes and penalties, but will still be able to receive free treatment at the new Government Motors health-care facilities.
http://www.wnd.com/index.php?fa=PAGE.view&pageI...

We are hated and to be punished for the crime of being American! In New York City and many other cities, from Jack's pay stub (family of 4) in the graph, after paying out the government health insurance, he would not have enough money to pay for his rent. There would be zero money for food, transportation and basic necessities. Elected and highly paid with many perks to represent the people, Washington Leftists live high on the hog in luxury, what do they care?

By: hoolad

hoolad — Thu, 03 Dec 2009 17:04:40 +0000

Islam is pure evil to the core. islam is not a religion but a political movement to achieve global dominance. Show me a churhc or a hindu temple or a jewish temple in saudia arabia. Go to Egypt and see how they deal with the Coptic Christains, the egyptians treat them like animals, burn down their chruches at every riot and they dont allow new chruches to be build, infact you have to ask permission from the president of egypt to build a church. Remind you, Egypt was a Coptic Christain Country before Islam took over with the sword and now coptic christains are a minority in their own country. I Guess the Swiss have realized the danger soon.....

In Turkey, they have taken Hagia Sofia Church and turned it to a Mosque, then into a museum. Still they will not give back Hagia Sofia to be a church again. Muslims are hypocrates. Turkey has a mission to wipe off all churches and convert them into secular museums and thus will elimanate the christains populations.

Christains are not allowed to be christains in middle-east, period. Now muslims shout. Give me a church, hindu temple, jewish temple, buddist temple or any other temple in the heart of Mecca or Medina and then I will voice my dis-taste for the swiss vote.

www.faithfreedom.org
www.thereligionofpeace.com
www.thethirdjihad.com

By: Jonathan

Jonathan — Thu, 03 Dec 2009 11:32:16 +0000

"The Founders of this country did not design a system that could prevent the incentives that politicians have to spend money that does not exist."

Perhaps they didn't. But they sure made it the LAW of the land that Congress is responsible for the money. And they warned us about central banks.

Perhaps what they should have done is made fiat currency unconstitutional, and made some hard standard a requirement, such as gold or silver. I think the founders would have done a LOT of things differently had they foreseen the rise of socialism. They probably would have made capitalism the law of the land. And term limits too.

By: Jonathan

Jonathan — Thu, 03 Dec 2009 11:28:37 +0000

It's not surprising that the central bankers love Keynesian economics. Not surprising at all – since they are the ones who are at the top of the monetary food chain. This whole world is one big rip off.

By: tnfleming

tnfleming — Thu, 03 Dec 2009 03:46:05 +0000

If “USMC sniper” is a typical marine, then there is hope for our country after all. Impressive and perspicacious analysis, far better than one can find in 90% of news outlets for sure.

By: Name

Name — Wed, 02 Dec 2009 22:03:25 +0000

What I take heart in is the fact that the free market always finds a way – even if it has to go underground. More laws and tighter regulations (the government's solution for the preventing another financial crisis) simply create holes that people are more than willing to fill. Capitalism can be contained and bridled for some time, but I believe in the creativity of people and inspiration from God that will break through those restraints in new and inventive ways.

By: WFB2

WFB2 — Wed, 02 Dec 2009 21:31:08 +0000

“This could well be the end of Democratic Capitalism.”
***
That's the whole idea. The long-sought Socialist Utopia is nigh. Heaven on Earth at last.

By: Jonathan

Jonathan — Wed, 02 Dec 2009 20:36:27 +0000

USMC Sniper!

Your awesome comment is a bullseye; just what I would expect from a USMC sniper. I'm glad you are on my side. Semper fi.

By: LucyQ

LucyQ — Wed, 02 Dec 2009 18:40:51 +0000

Excellent column, as usual. I appreciate the fact that you stick to the facts instead of playing the blame game……'it's all the right or left's fault.'

By: GJTryon

GJTryon — Wed, 02 Dec 2009 17:46:59 +0000

In that “house of cards” are many political mansions: liberalism, sociaism, militarism, immigration, welfare, etc. May they all come toppling down as well!

By: David Weinstein

David Weinstein — Wed, 02 Dec 2009 12:22:48 +0000

When President George W Bush spent 3/4 trillion dollars to save the economy, he was spending money that we didn't have. When Barack H Obama spent 3/4 trillion dollars (plus) to create jobs (the stimulus) he was spending money we don't have. When politicians create entitlements, they spend money we don't have. For instance, a quick search on the internet tells you that “The 2009 Social Security and Medicare Trustees Reports show the combined unfunded liability of these two programs has reached nearly $107 trillion in today's dollars! That is about seven times the size of the U.S. economy and 10 times the size of the outstanding national debt.”.
There is something wrong with our system of government, which has allowed this to happen.
The Founders of this country did not design a system that could prevent the incentives that politicians have to spend money that does not exist.
This could well be the end of Democratic Capitalism. It could mean poverty and desperation for all of us.

By: Wayne

Wayne — Wed, 02 Dec 2009 12:15:05 +0000

" Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.” John Maynard Keynes is today and has been for decades the most influential economist on the planet. His economic ideas have presided over the destruction of the remnants of the so-called free world and as always the intent of committed socialists is the destruction of capitalism — its removal from the face of the Earth. So have the ideas of Keynes been successful in achieving the ends to which they were intended — bringing about the collapse of capitalism while blaming capitalism itself?

Keynes himself was a card-carrying charter member of the British Fabian Socialists whose goals were exactly the same as the Marxist Bolsheviks — George Bernard Shaw and Keynes were overt in their support of Lenin and Stalin — they only disagreed with the method to achieve the ends which the October Revolution achieved for Lenin and the Bolsheviks. Fabian Socialists believe those ends should be gained through "gradualism" — infiltrating the political, social and educational systems to get that same result.

With the forecast global economic economic collapse, does that mean we have arrived e do know this Keynes is now the defunct economist of which he himself spoke decades ago.

By: USMCSniper

USMCSniper — Wed, 02 Dec 2009 07:01:00 +0000

Alan Greenspan, at one time a defender of the gold standard and economic freedom, abandoned capitalism long before he accepted the job of economic dictator as Fed chairmen. In a capitalist system, one in which markets are totally free of government coercion, the government’s sole purpose is to protect individual rights. An economy hamstrung by thousands of government regulations, cumbersome legislation like Sarbanes-Oxley, and of course, a central bank that controls interests rates and the money supply – is by no means a free market. Alan Greenspan abandoned reason, egoism, free markets, and honor. Consequently, he became one of the chief architects of the economic collapse.

How did this start? The belief in centralization and micromanagement persisted, making its way into the hands of Fabian socialists of the late 1800s and 1900s, whose members included John Maynard Keynes. The Keynesians dealt not with individuals but aggregates and abstractions, usually expressed in mathematical terms. They emphasized not individual choice but state power. According to them, business cycles are part of the warp and woof of capitalism. When recessions occur, the state must step in and stimulate demand with more easy credit through deficit spending and through money creation and credit expansion by a central bank, because the market can’t be trusted.

Politicians, naturally, find this school of thought attractive. It tells them what they want to hear, and justifies what they already want to do, which is to grab for more power.

Thus the Keynesians have been in charge since the 1930s. They control the economics profession in the Western world, which is one of the reasons Fed policy is so seldom questioned, while those who support laissez faire capitalism have often found themselves dismissed as "fringe" elements. Such ad hominem retorts aren't making much headway these days. Not a single Keynesian, after all, foresaw the economic meltdown of 2008, while protégés of the Austrian school had seen it coming for some time, especially since the government’s response to the bursting of the tech bubble did not amount to stepping aside and letting the market extinguish the malinvestments, but rather continued the same practices with the easy-credit policy that inflated the housing bubble.

Keynesian policies have continued to this day under the Obama administration, as should be clear from this past spring’s “economic stimulus” package, as well as the repeated utterances that the federal government’s huge expenditures of the Fed’s fiat money are leading, however slowly, to an economic recovery. All of this is just propaganda.

The economists are already telling us that it will be a “jobless recovery,” a mantra we heard back in the early years of the present decade when Fed inflation of the money supply prevented the market from clearing out the malinvestments created by the tech bubble of the late 1990s. This time, the public is more suspicious. It is no accident that gold has more than tripled in value from around $350 an ounce to nearly $1200 an ounce - and will go much higher!