We just had
a $700 billion bailout bill that was signed into law and done in
defiance of the American people at large. This money is on top of
many more billions that have already been spent bailing out Wall
Street. We have a runaway government and we will likely experience
economic depression or very high inflation, or possibly both, in
the near future. Yet, I am smiling about the whole thing.
It is hard
times for many people and I certainly sympathize with them. Our
own government is raping us and it is a shame that we have to go
through this. But there is certainly a lot to be positive about.
Last year, Ron Paul triggered a small but significant revolution
in this country. Although the results were somewhat disappointing,
we can't ignore that he received 1.2 million votes and seemed to
awaken many people.
Perhaps I am
smiling because the Austro-libertarians have been vindicated with
this whole mess. Ron Paul has been warning people for years about
the Federal Reserve and the distortions in the market. Anyone paying
attention can see that he knew what he was talking about. We should
not feel that we can't point out that the Austro-libertarians were
warning of this years ago.
Perhaps a bigger
reason for my smile is being vindicated amongst other libertarians.
Now many other libertarians will not see it this way at this time.
I often get down on the future prospects for liberty and how seemingly
irrational many people are. But it often amazes me just how negative
other libertarians are about the future. Many libertarians think
of the general population as the "dumb masses." Sometimes
it's hard to disagree, but I have had a sense over the years that
people, and the American people in particular, are more rational
than many of us give them credit for.
This last week,
Americans awoke from a deep sleep. Or maybe they were already awake,
but we didn't know it yet. Congress got flooded with calls opposing
the bailout. One Congressman said that the calls to his office were
running 50–50; 50% no and 50% hell no. Although the majority
of Americans still don't understand inflation and the boom/bust
cycle very well, they instinctively understood that Americans were
being ripped off with this bailout and that the government officials
were simply rewarding their friends on Wall Street who had failed.
Even as far as rising prices, many more Americans are realizing
that the cause is monetary inflation, although we probably don't
have a majority that understand this yet.
We have a lot
to be positive about. Now you may think that is crazy because Congress
still passed the bailout bill, despite strong opposition from constituents.
Now don't expect all of these people to be voted out of office next
month who voted "yes" on the bill, but this cannot go
on forever. First of all, the empire is coming crashing down. Even
if this weren't the case, it won't matter over time. Americans are
becoming far more well informed than in the past. The internet allows
us to communicate to each other quickly and effectively and expose
many of the lies of the politicians. When a large number of Americans
finally withdraw their consent, the government will no longer function
as it does. It will come crashing down, much like the Soviet empire
realizing in large numbers that the government is not their friend.
With Congress defying the will of the people, it made people angrier.
It basically shows the whole system as a sham and that we don't
have representative government.
It has also
been fun watching the news the last few weeks. I heard one commentator
after another saying that they have to pass this bill, despite strong
opposition by the people. Some were more direct than others in saying
that "the people just don't understand." But this time,
the people understood all too clearly. No matter which way it was
spun, the people understood that their own government was taking
advantage of them. And on top of that, it exposed the elitist and
out-of-touch mentality in the mainstream media (both Republican
It has all
been fun to watch. Speaking of fun, if you really want to have a
good time next weekend, get together a big group of friends and
line up outside a bank in your neighborhood. Call the local news
station. You can cause a bank run and expose how fragile our fraudulent
banking system is. Okay, I'm really just kidding about this. In
fact, it is probably illegal, so don't even consider it.
can take advantage of this time in history. It could be a tipping
point. For once, we have a large majority of the people on our side.
Let's continue to expose the Federal Reserve and the government
as a whole as the corrupt and evil organizations that they are.
People may be more open to radical libertarian ideas now more than
the revolution that Ron Paul triggered last year and let's also
have some fun doing it. I continue to see hope for the future as
the American empire is quickly crashing down.
Pike [send him mail]
currently resides in Florida. In his spare time, he enjoys sports,
music, investing, and studying libertarianism.