Is it too late to save America? Has America already been toppled and we are now in a free-fall?
Putting the argument over nationalizing health care aside for a moment and looking at the "bigger picture," there have been some signs over this past year that would steer the casual observer to question and even doubt our nation's future. However, until yesterday, the question of whether or not it is too late to save America would not have crossed the mind.
Yesterday, several articles crossed our path that does make us wonder if America (as we knew it) has already been toppled and all that is left for rational Americans to do is to sift through the debris.
Don't Cry for 'U.S.' Argentina...
First, from the Telegraph:
Barack Obama is committing the same mistakes made by policymakers during the Great Depression, according to a new study endorsed by Nobel laureate James Buchanan.
His policies even have the potential to consign the US to a similar fate as Argentina, which suffered a painful and humiliating slide from first to Third World status last century, the paper says.
[Charles Rowley] "It is also not impossible that the US will experience the kind of economic collapse from first to Third World status experienced by Argentina under the national-socialist governance of Juan Peron."
The U.N. to Dump the Greenback?
Also from the Telegraph:
The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world's monetary system since the Second World War.
In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises.
It added that the present system, under which the dollar acts as the world's reserve currency , should be subject to a wholesale reconsideration.
"Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability," said Detlef Kotte, one of the report's authors. "But you will also need a system of managed exchange rates. Countries should keep real exchange rates [adjusted for inflation] stable. Central banks would have to intervene and if not they would have to be told to do so by a multilateral institution such as the International Monetary Fund."
Is this the end of America as conspiracy theorists have predicted for decades?
Then, there's this:
The Federal Reserve's policy of printing money has China worried as it warns of a big decline in the dollar. This could prompt China to reshape it's foreign reserve policy.And, finally this:
Former vice-chairman of the Standing Committee and now head of China's green energy drive Cheng Siwei said Beijing was not happy with the Federal Reserve's direction of "credit easing", reports the Telegraph.
In an interview with the Telegraph he said, "If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies."
Obama to seal US-UN relationship
Barack Obama will cement the new co-operative relationship between the US and the United Nations this month when he becomes the first American president to chair its 15-member Security Council.
For those who advocate for U.S. sovereignty, individual rights, and free enterprise, all of these (separately) appear troubling, as did the bailouts of the banks, the auto industry and, now, the push to nationalize health care. However, when putting all of these together, the questions then become: Is it too late for America? Has the United States already been toppled by its own government?
Tonight, America will watch its president appear before a joint session of Congress in attempt to repackage his agenda to put the government in control of health care.
Perhaps tomorrow we will know the answer to the above questions because, if public sentiment shift toward nationalization of health care, the collectivists will be emboldened again to move forward on their march toward socialism.
What are your thoughts?
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