Freedom News Blitz

SOCHI, Russia (AP) — Russia’s Prime Minister Vladimir Putin on Friday said other currencies besides the dollar should be used as global reserves to reduce the risks posed by swelling U.S. debt.

Putin, who spoke at an international investment forum in the Black Sea resort of Sochi, chided the United States for “an uncontrolled issue of dollars” and said the American currency’s dominance had been “one of the triggers” of the global crisis. For the rest of the story click here.

Did you ever believe we would see the day when a Russian leader hit the nail on the head concerning our ill-advised inflationary policies? Apparently, it’s obvious to everyone, except our political and financial leaders, that we are firmly on the path to economic ruin.

Can you imagine the consequences we’ll suffer if the dollar is eliminated as the international currency? Its value could possibly fall into the pits of worthlessness.

Let’s face it. The establishment endorses and practices Keynesian economics—which is filled with blatant falsehoods. Incredibly, the reality-evaders who practice this nonsense actually believe massive over-consumption of goods and services results in increased wealth and prosperity—and that more savings and investment per capita leads to recessions and depressions.

Did you know that in order to qualify as a “legitimate” establishment economist you have to spout incomprehensible nonsense.

Let’s think like an establishment economist. Your current income is $4,000 per month. You save 10%, which equals a savings of $400 per month. According to the morons who attempt to run our economic system, you are a miser who withholds money that could further stimulate the economy, which is in line with the pseudo-economic theories of our establishment economist.

Now let’s penetrate even deeper into the mind of a Keynesian economist. I know, it seems rather foreboding, hopelessly cluttered with the horrors of illusion. Surprisingly, you discover you still aren’t doing your part for economic progress. It’s necessary that you spend $4,400 per month, which means you must borrow money to increase your consumption. Of course, it never occurs to a reality-evader that increasing your debt each month might lead to financial ruin. After all, our government does it on an almost unimaginable level—now more than a trillion dollars annually.

Heaven forbid, you consider cutting you consumption in order to save more money. You certainly don’t want the political and financial establishment to label you as a traitor to their war against sound economic reasoning.

You know, these Keynesian economists must follow the dictates of their “guru” John Maynard Keynes. After all, he claimed “In the long run, we’re all dead.” So, it’s easy to understand their primitive short-term mentality.

You might be wondering if there is any hope for our economy, since obviously it is run on quack economic theories.You might as well face the facts. Keynesian economists are quite capable of destroying even the most robust economy imaginable.

Consider this. Bad economics will sink any economy no matter how much people believe this time things are different. Politicians, altruists, do-gooders and world-improvers convinced the masses that anything goes in the arena of economic policy. Their blatant disregard of Economic Law guarantees that our economy sinks into the abyss of total economic collapse.

Do you want to discover the truth about economics and protect yourself from the “nuts” who are in control of our economic system? Click here and receive 2 valuable free reports I offer for your benefit.

For a stimulating weekend read, visit The Libertarian Way Blog for the article “Life, Human Action and Universal Harmony” posted around Noon CST Saturday 9/19/2009.

Robert A. Meyer
The Libertarian Way