I can say that I definitely don’t see much hope for America, especially after my exchanges with students and professors.

Yep, they really are that dumb guys. Don’t believe me? Go to college, and try to argue our points.

Therein lies out safety. Nukes can reach out and touch our elites so perhaps they will eventually see the utility of peace.

The socialist theory of money that everyone in Washington and Wall Street subscribe to also believes that World War II got the U.S. out of the First Great Depression.

What’s different this time? This time, there are nuclear weapons all over the place.

And most of the people in America think that’s just “how things are” and don’t conceive any reason why things should or could be different.

Even in the face of losing everything, they’ll go with the crowd rather than think. Even when confronted with the evidence of the causes and the solutions, they turn away and blank it out.

When real crash becomes apparent, they will line up with their hands out, demanding that the government ‘do something’. A nation that votes for politicians who promise them benefits extracted from others is a nation of beggars and thieves. When those beggars and thieves believe they have a right to the products of another man’s toil, they will not hesitate to urge their government to use force to get it when the loot dries up. And the politicians that pander to them will be only too happy to do it.

My only response to all of this is to try to amass some portable wealth and be ready to abandon property when the emergency measures are declared, keeping in mind that “it CAN happen here”.

Another good book to read is “The Ominous Parallels”. I don’t particularly like the author, but the book is brilliant.

I would agree with you except for one thing: What is Ron Paul for? Plus the dimwits went too far in thinking they could predict the climate.

I have lived to see Greenspan disgraced, I hope to see others join him.

Thanks for the information. As to your question – and this is an interesting idea that has been carried about by classical liberals and libertarians – the answer is probably ‘no’.

You see, investments in a market are not difficult to sustain, and even flourish – if the market is given enough freedom. The more freedom of prices and capital – the closer the market gets to achieving true ‘pure’ capitalism – the easier it is to invest, absent a crazy monetary policy (such as the Fed.)

However… we live in an era of Democracy being God, and unfortunately, every four to eight years, financial institutions are turned upside down on their heads playing a guessing game not only with the Fed, but also with the current economic policy of the Man in Charge.

This leads to moral hazard, and instead of merely asking ‘what will be profitable’ in thirty years, investors also have to read the future, and see were political idealogy will be.

Politics are abstract; markets are reality. When we place abstract ideas above reality and it’s systems of resource allocation, we get a lot of problems that continue to get worse. Also see socialism and communism (and Canada).

It would be wise of me, and perhaps you, to consider investing overseas. An Austrian economist, Robert Murphy, might have something interesting to say on the subject.

I don’t consider America worth – or able – to be saved at this point. It’s better to move on, and get out while possible. After I get my degree, I will likely be one of the many young men who leave this country for something much better overseas. Call it White Flight, call it Capital Flight – I call it common sense.