Is this madness or insanity?


To The Editor:
As American finance is being twisted and reshaped almost hourly, many worry that we’re in for an encore of that galvanic upheaval of 85 years ago. There are important parallels but also major differences. The America of 1929 was energy self-sufficient. It was a muscular industrial society that imported few necessities. A businessman would have been hard pressed to get a foreign manufactured safety pin into our nation. We owed no foreign nation money, they owed us. We were at peace. The size of the military establishment was about right for a nation that did not believe in preemptive wars and had no enemies. Today, we engage in endless wars against “enemies” who were never our enemy until our devious and malignant foreign policies made them so.

Now, Washington feels free to bypass our Constitution and our precious Bill of Rights to establish an internal surveillance and security police NSA apparatus to spy upon the American people, drones included. Our alien controlled mass media tells us that this is to protect us from our enemies – “enemies” Washington made for us in the first place - an inconvenient truth.

The coming new era will see a more sober and much diminished America. What we are witnessing today is what happens to a prodigal nation that ignores history and abandons the philosophy and principles that made it great. “The government must save us” cries our left-wing liberal Marxist. Yet who got us into this mess if not the government – the Fed with its easy money, Bush with profligate spending, and Congress and the SEC by liberating Wall Street and failing to step in and stop the drunken orgy?

For years we Americans have spent more than we earned. We saved nothing. Credit card debt, consumer debt, auto debt, mortgage debt, and corporate debt are all at record levels. And, with pensions and savings being wiped out, much of that debt will never be repaid. Our standard of living is inevitably going to fall, for foreigners will not forever buy our bonds or lend us money if they rightly fear that they will be paid back, if at all, in cheaper dollars.

Up through WWII, we followed the Hamiltonian idea that America must remain economically independent of the world in order to remain politically independent. But this generation decided that was yesterday’s bromide and we must march bravely forward into a global economy. American companies morphed into factories in China, Mexico, Japan, and India. We began buying more cheaply from abroad what we used to make at home: shoes, clothes, bikes, cars, radios, TVs, and computers. As the trade deficit began inexorably to rise, we began vast borrowing from abroad to continue buying from abroad. Is this madness or just plain insanity? Take your pick!

In this mad, mad world of zombies, it is the semi-literates, the mentally incompetents and the morally insane that now rule over us as kings. Just stop for a moment, my friends, and take a look at what we have become. By trying to run the world instead of taking care of America first, Washington is going bankrupt, both financially and morally – another inconvenient truth. Awake America!

E.O. England,