Interesting list..".strait is the gate, and narrow is the path, and few there be that find it." :)
One example I was thinking of was the issue of currency. Historical charts of debt, inflation, budget deficits, trade deficits indicate that we started to really lose our path when we went off the gold standard in the 1970s. And yet, as Richard Russell points out, most of our friends and acquaintances have no clue that this link exists, and what the causal connection might be, how gold as currency serves to protect property rights, how gold as currency keeps our system honest (politicians and bankers)...and in the absence of gold as currency we are motivated to be dishonest (bankers sell Liar Loans, for example...and are almost forced to do so in order to compete with other banks and stay employed), we create links between bankers and govt to socialize the risk and privatize the profit, destroy savings thru inflation (so we are no longer rewarded for saving, but must instead consume in order to protect our money, eg, buy the biggest house you can afford with little down payment)...probably lots of other examples as well. Most people could not be bothered to think about the role of gold in protecting our rights, and when the crisis deepens, do you think they will call for gold as currency, or call for more govt spending?
Robin |
