A new year is always a good time to reflect on the past and look forward to the future. Human action taken in the past drives results that take place in the future. Positive human action drives positive results. Negative human action drives negative results.
The federal government of the United States is in hock to the tune of $15 trillion because of all of the government spending that has taken place over years past. In addition, the current $1-2 trillion deficits created each year plus the coming massive required Medicare and Social Security expenditures will result in the United States federal government looking at a totally incomprehensible $150 trillion debt over the next 50-70 years. The American people are just now beginning to realize and question the astronomically devastating economic situation that exists caused directly by the excessive amount of spending by American government officials.
Based on all of history the self-evident truth is that this debt creation will not be sustained and will end tragically with the collapse of the current U.S. dollar. In other words, the current U.S. dollar will no longer be an acceptable type of currency in the world for payment of goods and services. That endgame probably will not take place in 2012, but 2012 will see a ramped up continued devaluation of the dollar as the U.S. government resorts to more printing press money to pay for its expenditures very similar to what the German government did ninety years ago.
In 1922, a loaf of bread cost 163 German marks. By September 1923, it took 1,500,000 German marks to purchase a loaf of bread, and just two months later in November 1923, the same loaf of bread cost 200 billion German marks. This is the result of very negative human action on the part of government officials generating very negative results.
Like the drug addict who continues to inject drugs into his body to continue that false sense of well-being, the stimulation of the economy by greater amounts of government spending paid for by printing press money is being seen by more and more individuals as being a false stimulation. Individuals are realizing that government spending does not create real jobs, does not create real economic growth, and only depresses the economy as a whole. Individuals are coming to realize that there is something deadly wrong in the economy and that government spending and regulation is the culprit. Individuals are coming to this realization because of the increased interest in the U.S. Constitution and what it has to say about the responsibilities of government officials.
In 2012 the world will not come to an end, although it might appear that way as inflation really begins to spin out of control. The Saturday morning economic hangover from the economic drinking all night Friday will begin to set in and there will be those that will demand that government do something. However, with the increased interest in the U.S. Constitution individuals will realize that looking to government officials for a solution through increased spending is not warranted. Individuals will begin to demand from government officials to abide by the document.
In the meantime, individuals will continue to do what humans always do, create wealth for themselves and others in spite of all of the actions by government officials to restrict and control such activity through government expenditures. 2012 may seem pretty sick economically, but it will be a year that reflects the beginning of the healing of the economy just as the Saturday morning hangover is the beginning of the healing process by which the body corrects itself back to normalcy.
The natural state of affairs for individuals is to be free from government regulation. 2012 can be the year where an increased number of individuals realize what the founders of America knew, that government is brute force, must be contained at all costs, and its only reason for existence is to protect the inherent rights of all individuals and otherwise leave them alone to direct their own lives.
A year from now Americans will begin to witness the beginning of a resurgence of individual liberty as the real solution to individual situations. Americans will begin to realize that minding one’s own business and being responsible for one’s own life without resorting to government force against their neighbor to achieve their goals is what created the greatness of America in the first place.
Employing the positive human action of individual liberty will end with positive results for everyone.
Howard J. Blitz
Founder
The Freedom Library, Inc.
December 30, 2011