Yes, the narrative of the “new normal” has been around for so long now that many people have simply grown used to it. The assumption is that the fiscal “new normal” has become the fiscal “normal,” and though the fundamentals continue to strain under the weight of poor global demand and historic debt levitated by extraneous fiat stimulus, the masses feel far less fear than is warranted. Hey, why should they? We’ve managed around eight years skating on thin ice, why shouldn’t we expect eight more years of the same? The banking elites have done the job they set out to do, which was to drive the economy to the very edge of the financial cliff, and then keep it suspended there until the general public became comfortable living next door to the abyss.
Borders of nations, states and even towns and villages, are not just lines on a map or invisible barriers in the dirt. This is what the elites and the mainstream media would like us to believe. Instead, borders when applied correctly represent principles; or at least, that is supposed to be their function. Human beings are natural community builders; we are constantly seeking out others of like-mind and like-purpose because we understand subconsciously that groups of individuals working together can (often but not always) accomplish more. That said, human beings also have a natural tendency to value individual freedom and the right to voluntary association. We do not like to be forced to associate with people or groups that do not hold similar values.
Control the money and you control the people. The federal government has done just that in the Unites States. Over the last hundred years, the federal government and the Federal Reserve, a privately owned bank cartel conceived of in secret, have waged a war on sound money in America. They’ve ended the free circulation of gold (and, for a time, criminalized its ownership), while imposing taxes on those who trade with it. They’ve replaced gold and silver coins, and the promise of gold redeem-ability on IOUs, with paper money and credit. An ever-expanding volume of fiat money has replaced sound money as the primary medium of exchange. Liberty-loving citizens, savers and consumers who use Federal Reserve Notes (commonly referred to as “dollars”) in exchange for goods and services all have a vested interest in restoring the soundness of our money – whether they know it or not.
Joseph Stiglitz is concerned about why people are hostile to the idea of gigantic, impersonal and rapacious governments stealing from them while telling them what to do. Governments don’t work on any level. But global government is worst of all. It will deliver ruin, mass incarceration and ultimately genocide. Power corrupts and absolute power corrupts absolutely. But Stiglitz is a world famous economist, so he has better ideas.
Obamacare is known by its official name: the Affordable Care Act. As I’ve said often, one constant in politics is that the law being considered will do the exact opposite of what the politicians say it will do. Another constant is that politicians will create a problem, create a solution for the problem they created that creates more problems, then create another problem-causing solution to follow. And they always require more money. Obamacare is no exception. The real solution is to turn to a free market in which consumers either negotiate costs directly with insurance companies for coverage they need at a cost they can afford, or better, where the consumer negotiates prices and treatment directly with the healthcare provider.