Indulgence to Inflation to Poverty to Slavery
If you think not being able to flip your house in a shrinking housing market is bad, you ain’t seen nothin’ yet.
Our government’s epidemic overspending and the Federal Reserve’s willingness to devalue your money by simpling printing more will eventually leave the American middle class impoverished as compounding interest drives taxpayers to their knees. The longer we glut, the more we’ll have to pay, and the more socialized we’ll have to become when the bills come due.
This is one of the most important issues of our day because the very freedom we enjoy depends on our ability to make good on our exponentially increasing debts.
“The fostering of full economic freedom lies at the base of our liberties. Only in perpetuating economic freedom can our social, political and religious liberties be preserved.”
Author: David O. McKay, Source: Church News, 3/12/52 via Quoty
Want more? Watch this video, courtesy (again) of the Chris Knudsen blog.
Tags: Federal Reserve, Gold Standard, National Debt, Overspending, Ron Paul, Secret Combinations, Socialism, Sound Money, Taxation
Politics | Jordy | 
January 24, 2008 1:03 am | 
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