The Occupy Movement

The Occupy Movement has its non-believers. I not claiming to be in favor of either side. What I do realize is this movement is life-changing.

The movement started on Wall Street and has quickly spread to places as far away as London. If you don’t believe me, google the Occupy Movement and look at the number of results it returns that show picture where thousands of people are 

People want hope, they want something to cling to. At this point there are millions of americans who no longer have any hope to cling to. They have been forced from their homes and into whatever conditions they currently live in. 

Critics have called them a bunch of hippies. This is completely true. They are hippies because they have been evicted from their homes due to sinister coroporate america. Coroporate America has robbed what little hope citizens once had.

Now Americans cling to the only thing they know how to do, protest. Before the beginning of our nation, we protested. Now we protest one more time to prevent the end of our nation.

We Can Always Print Money to Do That

“The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.” — Alan Greenspan, August 7, 2011

Is Mr Greenspan the greatest troll alive?  Following this quote, we can only hope that’s the case.

It’s certainly true that we could just print more and more and MORE money to pay offthe government’s $14 trillion+ debt.  Actually, we wouldn’t even need to physically print anything — we’d just add a few zeros to some balance sheets here and there and then set up a some wire transfers to our various lenders.  Voila!  Problem solved.  Remind me again why we had that whole debate last week?

The difficulty here — and presumably the reason why we haven’t taken advantage of this ostensibly simple solution already — is that this would cause massiveovernight inflation, probably collapse the dollar, and generally wreak havoc on the world’s economy.

See, whenever you just print huge quantities of money based on nothing, this results in devaluation, or inflation, of the unit of currency. The effect of the very policy Mr. Greenspan recommends may be clearly seen in the history of our money’s value over the course of the last 100 years of the Federal Reserve’s print-happy ways.  The dollar’s worth has declined to less than five cents of what it was at the beginning of the 20th Century.

Basically:  making more money out of thin air = less value per piece of money.

Read this post in it’s entirety on Bonnie Kristian’s website

President Obama proposes to raise taxes on wealthy

If your in the mood for some good reading click here and read an article by the Associated press about…. well, just check the title.

If not, I’ll explain it to you.

Basically, if the government doesn’t raise the debt limit or find a compromise, we are going to be chillin’ just like our ancestors were during the great depression in the 1930’s. In other words the world is going to go into depression because just about everyone has some kind of stock in the U.S. economy, especially China.

Anyway, Obama didn’t introduce a bill that said the wealthy are going to have to pay x number more. He did say that “they can afford to pay more.” This is an important step because — if you know anything about the U.S. economy — the wealthy pay a significantly smaller percentage of their income in taxes than the middle class do. 

Although I don’t like the U.S. becoming deeper in debt, It has to be done. More importantly, there needs to be a plan to reduce the debt. The government cannot keep operating the way it does if it ever wants to stop worrying about deficit spending.