I didn’t have the fun of dealing with the OccupyWashington protestors at the Americans for Prosperity conference, but I did speak to the audience about America’s looming fiscal nightmare.
The video quality isn’t perfect, though it came out better than the recording of my speech a few years ago for the National Taxpayers Union about entitlements.
I think I covered a lot of ground in about 10 minutes. The key message was that government is too big and that the only solution is to limit government so that it grows slower than the private sector.
Economically we are okay with government growth being less than the private sector but our freedom and liberty seem to deminish anytime goverment grows.
Incredibly, the United States of America do not pay attention to the issue of gold. China continues to buy as much gold as possible in the world. But it is not a simple purchase. The gold that China collects is a very low price, almost insignificant compared to the volume you get. As China makes this “magic”? How can gold so cheap?
China has just established a system of prospecting in very favorable to it. Is that gold used to prevent Chinese inflation? It is very clear, at times NO. The reason is to establish a new correlation between currencies. Gold can be achieved in a variety of price legally used since the system is ideal. China has discovered how. The United States of America is still doing nothing.
Limiting the government to a slower rate of growth does nothing to address the current debt except not piling mor4e onas fast. It slows the rate that we are heading to economic crashing. It does not stop it or back up from it. We are one good wolr catastophe from nor being able to borrow enough to continue the gravy train, and the only solution in sight is to stop borrowing and start shoveling the waehouse already printed additional dollars into circulation. And that would mean that the value of the existing dollars starts going down. Currently the government spends two dollars for every one that it takes in. If it has to print and put in circulation that dollar, instead of the luxury of borrowing it, then the dollar’s value gets an extra 10% inflation, aka 10% drop in value every year. Like a tax on everybody. And the folks living hand to mouth which would probalby include most of the half of the country that pays no income taxes suddenly can’t cover the bills.
The real “only solution” is that the government actually stop paying for most of the unconstitutional things that it is doing and that the states that want to pick up those activities and think that they can do it without having their constituents move away are free to do so.
If the federal government were actually doing only the 17 duties it is supposed to be limited to doing per the Consitution, we would not even need a gedera income tax.