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Solution to the Washington Debt Crisis Threat

Politics / US Debt Feb 11, 2010 - 06:22 AM GMT

By: Ron_Holland

Politics

Best Financial Markets Analysis ArticleFrédéric Bastiat must have been looking toward the future of the United States today when he said, "When plunder has become a way of life for a group of people living together in society, they create for themselves in the course of time a legal system that authorizes it, and a moral code that glorifies it."


I fear the federal government will plunder much of our private wealth, retirement plans and personal savings through hyperinflation, financial controls and confiscatory tax rates all in the name of protecting the public from a future debt crisis unless the states can secede from the Union and the crushing Washington debt load.

The first actual secession following several attempts by the New England states took place in the South and it ended with the defeat of the Confederate States of America. Now secession is again in the news and this time it may be the only solution to surviving the coming Washington national debt crisis.

We need to forget the causes of the earlier War Between the States, regional differences, slavery, tariffs and other related issues. The new secession effort will be state based but a national movement all across the United States ranging from Vermont to Georgia, Texas to Alaska etc. Economic survival and prosperity rather than regional issues will be motivating factor.

The first secession was a product of anti-southern tariff taxes resulting in the Southern states paying the majority of the revenue to fund the distant federal government. A mistaken defense of the dying institution of slavery by slaveholding elites in the South also contributed to the failed secession effort. Third, the advancement of corporate manufacturing profits and railroad expansionism by the Northeastern establishment elites were a major contributor. Finally the promotion of a conflict by the European Rothschild banking interests funding both the Northern abolitionists and the Southern secessionists guaranteed a violent breakup of what should have been a peaceful parting of the states.

Still the right of democratic state-by-state secession did not die at the point of a bayonet at Appomattox Court House in 1865. The belief in peaceful devolution of government powers and services to regions and local jurisdictions to allow citizens to control the power of politicians and government is a positive advancement for the 21st century. In addition, the right of devolution of states, geographic regions and groups around the world promotes competition and freedom.

I believe legal state secession from the Washington Empire just might become the only way for American citizens to escape the disastrous consequences from the coming global run to liquidate holdings of Washington treasury obligations and the dollar. Breaking free of the false chains that threaten our economic future from the likely Washington debt/dollar collapse might be our last chance to safeguard our financial security and liberty from the hyperinflation and crushing new tax increases to be forced on this and future generations from the bailouts and national debt.

Imagine no Washington income tax, no interference in the internal affairs of individual states, no involvement in perpetual wars around the world without a declaration of war, no Washington tax-feeding bureaucrats telling individual citizens, state legislatures or state agencies what to do.

Consider the benefits of sovereign states voluntarily participating in a decentralized republic or confederation, maybe like America’s first central government created by our patriot founding fathers, the Articles of Confederation. A decentralized nation where marriage, religious views, history, symbols, culture, abortion, gay rights etc. are determined on a state basis, Where citizens can eat, drink, smoke or do whatever with regulations and conduct governed by the norms of a state or locality rather than a distant federal government.

Can you envision a healthy economy, with minimal government debts combined with a rising standard of living and job growth guaranteed by low taxes, minimal regulations and currency competition? All of this without the Federal Reserve and Wall Street creating excessive bubbles followed by contraction and collapse and then demanding bailouts.

Imagine for a moment a people and sovereign states with future generations free from the illegitimate Washington national debt which threatens to destroy the prosperity, savings, housing values and jobs for our children and grandchildren. Review the US National Debt Clock which tells the entire story and our future. Today the official US National Debt breaks down to $40,079 per individual. Look at the clock link to see the increase per second.

Finally, when you consider the total unfunded liabilities of Washington (see the link above), the liability per American citizen is $177,515. Remember, none of the citizens of the individual states or America in general have had the opportunity to vote on the bailout or approve these debts most of which have gone to international corporations, Wall Street and world banking cartels. We, our children and future generations should not have to fund or pay off an illegitimate debt created just to bail out a few global corporations and wealthy special interests.

The Washington Empire is now run for the benefit of New York financial and economic interests who own and control most of Congress. Due to the recent bailouts and added debt which the majority of Americans opposed, the United States is now sadly on the path toward economic, debt and currency destruction.

Why should my state, South Carolina or other states join the federal government in future poverty, loss of freedoms and lagging economic prosperity with a dismal future determined by their foreign creditors? I say, it is time to free the states and citizens from the dark economic future which Washington and Wall Street have created. Just maybe we can finally be free at last from Washington’s national debt.

As Dr. Martin Luther King, from his I have a Dream speech said, "Free at last! Free at last! Thank God Almighty, we are free at last." To quote another Southerner, Jefferson Davis was right when he stated, "I love the Union and the Constitution, but I would rather leave the Union with the Constitution than remain in the Union without it."

I think it is time for Americans left and right to reconsider where our nation and the federal government have ended up. Few would question that the all-powerful Washington government living on borrowed debt and fake prosperity is a political model which has failed miserably.

Today the constitutional protections have become just another dead document through the actions of Bush and Obama. A recent, WSJ/NBC poll showed that only 3% of Americans believe the government is doing a good job. Given the margin of error in the poll, the real % could have been zero.

Let’s revisit the political wisdom of the original republic founded through the blood and sacrifice of our patriot founding fathers. Back to something like the original republic of sovereign state republics, the Articles of Confederation.

Today in 2010, join me in voting both for the dream of Dr. King and the vision of Jefferson Davis. It is time to replace the failed Washington leviathan with a new limited central government based on the original vision of sovereign states where we become again, "these United States" instead of "the United States." I’m voting in 2010 and 2012 in support of the Tenth Amendment and for the right of nullification.

Finally, if necessary, I’ll support temporary secession efforts from the empire until we restore the original republic of our founding fathers. We must be free of an illegitimate national debt, an unconstitutional Federal Reserve and protected by currency competition and the choice of a currency based on the gold standard.

Ron Holland [send him mail], a retirement consultant, works in Zurich and is a co-editor of the Swiss Mountain Vision Newsletter. He is the author of the special report, "Get Ready To Escape the Obama Retirement Trap" and you can email him for the complete report.

    http://www.lewrockwell.com

    © 2010 Copyright LewRockwell.com - All Rights Reserved
    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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