"The America We Knew Has Died"

Comment #10

Rick G — Fri, 31 Jul 2009 12:04:26 GMT

Regarding the Obama/Bush, left/right crap, you are right on. This political divide that has been created is intentional. If we are divided against each other then we fail to see who the real enemies are. Now they are going after our language. If you disagree with Obama's policies you are a racist. If you disagree with Israel's policies you are anti-semitic. Although race and religion have nothing to do with the issues being discussed. It's wake up time. This is as serious... [ More ]

Comment #9

AceKicka — Fri, 31 Jul 2009 04:27:12 GMT

If this were just an island, that would be one thing. But this is the whole USofA were talking about. We're indebted to everybody else & they WILL come calling! Don't the S.O.B.s in DC realize this?? Our attention span is 'zip'. It is time that we pull together and focus on the problems at hand. We can't just print our way out of this. BILLIONS used to be a lot of $$. We're now talking TRI11ION$!!! And while I'm at it let me say this...we throw 7, 8 & 9 figures around like it's... [ More ]

Comment #8

time*treat — Fri, 31 Jul 2009 03:30:35 GMT

I've been reading Doug Casey for years. He was writing similar articles during the Clinton and Bush presidencies.

Comment #7

justxploring — Fri, 31 Jul 2009 01:20:59 GMT

Probably not.

Comment #6

AceKicka — Thu, 30 Jul 2009 23:50:18 GMT

I in NO WAY supported Bush in the past 8 years. AS far as I'm concerned they're the ones that allowed all this BS to happen. But Obama's NOT making things any better. You just act as though no one can say anything contrary to the way you feel. Open your eyes - will you be better off a couple of years from now with what's going on in DC

Comment #5

justxploring — Thu, 30 Jul 2009 20:51:39 GMT

Yes, that's true. As long as it's a side that is against everything the current administration does. So Obama has taken over the auto & banking industry? We never had government run insurance programs before Obama was president? Reminds me of someone blaming Obama for the illegal alien whose family just sued a hospital in FL because they deported him. He had $1.5 million in medical bills after being paralyzed and brain damaged in an accident. I think his accident was 3 or 4 years ag... [ More ]

Comment #4

AceKicka — Thu, 30 Jul 2009 20:09:37 GMT

It really is a screwed-up situation that we're witnessing. This was once a great country, and until our 'so-called' leaders tell the truth about what's going on and do the hard work that it takes to correct things, it's only going to get worse. Make no mistake - it WILL be tough. They all want to hold onto their jobs & positions. What about for the good of the country?? That's at the top of MY list. I say we get rid of about 90% of them. What kind of BS is it that the same ones... [ More ]

Comment #3

Rick G — Thu, 30 Jul 2009 19:12:44 GMT

I agree on all counts. Our federal lands will be next on the trading block and China can hardly wait.

Comment #2

chouquounette — Thu, 30 Jul 2009 18:08:14 GMT

Thanks for posting...This is such an accurate description of what is going on in this country...

Comment #1

konane — Thu, 30 Jul 2009 18:02:16 GMT

Great information, thanks much for posting!!!!

Original Blog Entry: "The America We Knew Has Died"

AceKicka — Thu, 30 Jul 2009 17:52:45 GMT

Doug Casey: America Has Died

Wednesday, July 29, 2009 4:00 PM

As the Obama administration has taken over the car industry, the banking industry, and the insurance industry, some experts now believe that American style capitalism is dead. Doug Casey, a free market capitalist and founder and chairman of Casey Research, is one of them.

Unfortunately, the idea of America has died and it s been replaced by another political entity called the United States, which in essence is no different from the 200 other countries spread across the globe, he says.

In an exclusive interview with Dan Mangru of Newsmax TV and Moneynews.com, Casey tells why he sees American capitalism on the decline and why other countries such as China will eclipse the United States.

The average entrepreneur in China has a lot more freedom than the average entrepreneur does in the United States. He pays a lot less taxes ... he's got a lot less regulation, says Casey.

Casey goes on to tell Mangru that Communism is a scam and is designed to cheat workers.

Casey also believes that the United States has not seen the worst of the economic crisis.

We re just starting to see the beginning of what s going to happen, Casey says.

The United States has already entered what Casey calls the Greater Depression, one that will be much more serious than the 1930s.

This depression can be as long and as deep as you can possibly imagine, he says.

The reason most people don t realize this is that the majority of those giving economic opinions aren t economists describing how the world actually works but political apologists describing how they think it ought to work, Casey notes.

Everyone s looking to the government for a solution, but all the government does is tax and regulate and inflate the currency, Casey says.

Trillions of dollars of phony inflationary capital people believed were real assets have disappeared, says Casey.

That s going to continue to deplete the value of the dollar and guarantee catastrophic inflation in the future.

If you re relying on the U.S. dollar, you re relying on a figment of the U.S. government s imagination, says Casey.

To me, holding U.S. dollars for the long term is about the most stupid thing you can do.

Gold is the only financial asset that isn t someone else s liability.

Casey notes that there now are some $7 trillion held outside the United States.

Eventually, Casey thinks foreigners will realize they re holding hot potatoes and begin trading their dollars for things of real value.

Those dollars are going to come back to the United States and we re going to be shipping out wheat and farmland and titles of companies, Casey says.

Inflation is going to explode in this country and the amount of real wealth is going to diminish.

This is a really big problem, this is something of historic proportions.

Naturally, foreign countries don t want to see the value of their dollar holdings tank, but they don t want to hold dollars either, which is why the Chinese and others aren t selling dollars on the foreign exchanges but using them to buy hard assets instead.

2009 Newsmax. All rights reserved.

... [ More ]