What America Forgot

submitted by jwithrow.
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Journal of a Wayward Philosopher
What America Forgot

June 14, 2016
Hot Springs, VA

Think about this, Frances: For the past several thousand years of recorded history, humans lived at the edge of starvation, usually in abject poverty, perpetually at risk. But in just the past few centuries, and primarily in only one or two parts of the world, we suddenly develop medical science, cars, telephones, airplanes, refrigeration, central heating, electrical power, computers, and spaceships. Why here? And why now?” – James Farber, A Lodging of Wayfaring Men

The S&P closed out Monday at $2,079. Gold closed at $1,286 per ounce. Crude Oil closed at $48.56 per barrel, and the 10-year Treasury rate closed at 1.61%. Bitcoin is trading around $705 per BTC today.

Dear Journal,

As I mentioned in last week’s entry, wife Rachel and I just celebrated our third wedding anniversary, and this one may have been the best yet. There were no gifts, no fancy dinners, no nights out… Rachel didn’t even get me a card! I was so proud of her!

It reminded me of the Christmas following our engagement a number of years ago. With the wedding looming, we agreed not to give each other gifts for just one Christmas holiday in the interest of saving money.

Believing very strongly in contractual agreements, I followed through diligently on my end of the deal… Rachel did not. I found myself receiving several gifts from her on that Christmas morning, and I didn’t have even the tiniest trinket to offer in return. She was devastated!

I tried to plead my case: But I thought we agreed not to give each other gifts!? Continue reading “What America Forgot”

The Nation Is Not the State

submitted by jwithrow.nation

Journal of a Wayward Philosopher
The Nation Is Not the State

August 11, 2015
Hot Springs, VA

The S&P closed out Monday at $2,104. Gold closed at $1,104 per ounce. Oil closed out just under $46 per barrel, and the 10-year Treasury rate closed at 2.24%. Bitcoin is trading around $267 per BTC today.

Dear Journal,

Last week I suggested that the growth of the nation-state in the 20th century brought forth the rise of collectivism. I speculated that we may have reached peak collectivism and thus inferred the nation-state model may be ripe for decline, however. Today I will point out the troubling macroeconomic trends once again in support of this speculation.

The democratic nation-state model has grown so massive largely because the political class has bribed people with half-baked social insurance (welfare) programs across the board. This has led to a massive accumulation of debt throughout the entire western world. Simultaneously, the demographics of many western nation-states is such that there are more aged people drawing from pensions and national social insurance programs than there are younger workers to pay for them. This dynamic has resulted in an absolutely gargantuan accrual of unfunded liabilities.

What this means is most governments in the western world are already bankrupt. Many people remain unaware of this fact because governments have kicked the can down the road by manipulating interest rates ever lower (negative in places!) and creating huge amounts of national currency out of thin air via the central bank mechanism. More and more people are slowly waking up to reality, however, and this is leading to a loss of trust in the nation-state model. Continue reading “The Nation Is Not the State”

On Allopathic Medicine and Universal Health Care

submitted by jwithrow.universal health care

Journal of a Wayward Philosopher
On Allopathic Medicine and Universal Health Care

July 22, 2015
Hot Springs, VA

The S&P closed out Tuesday at $2,114. Gold closed at $1,103 per ounce. Oil checked out just under $51 per barrel, and the 10-year Treasury rate closed at 2.37%. Bitcoin is trading around $278 per BTC today.

Dear Journal,

The big news in the markets this week is gold’s staggering fall. The reason: nearly 5 Tonnes of gold was unloaded on the Shanghai Gold Exchange within a two minute window during the Asian trading session on Monday. This activity represented nearly 20% of the average daily trading volume in gold on the Shanghai Exchange – all within a two minute window. Nearly simultaneously, 7,600 contracts of the August 15 gold contract sold off on the COMEX within a two minute window as well. Somebody knows something. Nevertheless, this pullback looks like a great buying opportunity to me.

Las week we examined ways to disintermediate the State and I suggested holistic wellness as a means of distancing yourself from the corruption and cronyism that manifests in the relationship between allopathic medicine and its lobbies, big pharmaceutical corporations and their lobbies, big health insurance corporations and their lobbies, and the federal government and its regulatory agencies. You could potentially throw Wall Street and the big agriculture corporations into this mix as well for the roles they play in perpetuating the sickness paradigm.

Here’s how it works in a simplified nutshell: the allopathic medical establishment (AMA) preaches a hyper-interventionist mentality that focuses on prescribing drugs for every illness – real or imagined. Big-Pharma provides the drugs and constantly develops new drugs for the temporary treatment of symptoms. Big-Insurance sets the reimbursement figures for each drug and each treatment thus incentivizing certain practices. All three fund massive lobbies that exert influence upon the FDA and other State-regulatory agencies which in turn protect the established interests from competition and law suits. For their part, Big-Agra manufactures a huge variety of unhealthy food products that help keep people sick which leads to more doctor visits and more drugs. Wall Street keeps the pressure on Big-Pharma and Big-Agra to grow revenues which incentivizes marginal innovations and aggressive marketing campaigns. This system does not seek to improve health, it seeks only to treat sickness symptoms over and over again. Continue reading “On Allopathic Medicine and Universal Health Care”

Non-intervention is Comprehensive

submitted by jwithrow.non-intervention

Journal of a Wayward Philosopher
Non-intervention is Comprehensive

February 27, 2015
Hot Springs, VA

The S&P opened at $2,110 today. Gold is checking in at $1,216 per ounce. Oil is floating around $49 per barrel. Bitcoin is up to $253 per BTC, and the 10-year Treasury rate opened at 2.02% today.

Yesterday we discussed the merits of the non-intervention philosophy specifically as it relates to natural childbirth. We realized what is true about non-intervention in childbirth is just a true about non-intervention in the rest of health care. Non-intervention is just as applicable to the fields of personal finance, economics, education, and the role of government as well. Let’s examine this in a little more detail today.

To start with, think long and hard about what you value in this life. Clear your mind and think about what’s important to you.

Notice the clutter and the conflict?

We are constantly assaulted with polarized messages on a daily basis competing for our support. Every single advertisement you see or read is designed by very skilled people to convince you that you want that particular product or service. The corporate media constantly inundates you with messages designed to drum up your support for a particular idea, policy, or position. The various institutions you are a part of (school/work/church/community service/political party/etc.) all convey different expectations for how you should live and what you should spend your time doing.

When we accept and identify with these external expectations we shift away from self-reference and end up with a piecemeal system of values and a hodgepodge of beliefs. Then we say things like:

-This religion is absolutely right and that religion is absolutely evil.

-People should spend their time doing these things but they shouldn’t be allowed to do those other things.

-Government should force everyone to comply with these policies and it should stop people from engaging in alternatives.

Why do we say these things? Because that’s what our institutions say; we substitute our own values for the values of our chosen institutions when we identify with external expectations.

The non-intervention philosophy is about getting back to what’s best for you. It’s about a self-referential reawakening. Modern society tells us that self-reference is selfish but nothing could be further from the truth. If we look within and decide it is acceptable to stand on our own values and pursue our own wants regardless of what modern culture says then we necessarily recognize that others are free to do the same. This understanding sparks a respect for non-aggression and tolerance in a world that has seemingly forgotten these ideals.

”Do unto others as you would have them do unto you.” “Love thy neighbor as thyself.” “Hurt not others.” “Live and let live.” “Laissez-faire.” Moral thinkers have come and gone throughout history and they each arrived at some variation of this same message. Let’s apply this message to our world today.

Non-intervention in personal finance is about thinking a lot but doing very little. Contrast this with mainstream personal finance which is frantic and disorganized. Jim Cramer epitomizes this on his television show where he runs around screaming “buy, buy, buy” or “sell, sell, sell”. We are sold the idea that a sophisticated financial portfolio involves moving in and out of the right stocks and that this is the key to reaching a retirement “number”. If we don’t want to do the stock picking for ourselves then we can purchase target date mutual funds that are actively managed by professionals who move in and out of stocks for us.

All of this buying and selling churns up commissions and fees and, if we follow mainstream analysis, likely gets us into stocks when they are popular and expensive and out of stocks when they are unpopular and cheap. That is to say we buy high and sell low. The rationale behind this is simple – if a stock is popular enough to warrant coverage on CNBC or in the Wall Street Journal then it is popular enough to draw a lot of attention. It would be far better to buy the stock when it is obscure, hated, and cheap then sell it to someone else if it becomes popular enough for mainstream financial publications.

When it comes to investing in equities, studies suggest it is the beta – the big picture idea – that is more important than the alpha – the individual security. In other words identifying sectors that have been beaten up but are beginning to trend higher, buying those sectors while they are cheap, and then sitting on your hands until the trend changes is the application of non-intervention in personal finance. Of course, stocks should only make up a small percentage of your asset allocation model as we have touched on numerous times here at Zenconomics.

We have also harped on the importance of non-intervention in economics on many occasions. The ‘free market’ is an incredibly complex web of exchanges created by individuals who, by acting of their own free will, engage in production and commerce. The free market sets price levels based on individual activity and these prices fluctuate in response to continued individual activity. This economic system is self-regulating and to intervene in any capacity is to distort the entire free market system.

Simply put, free markets require absolute non-intervention by definition. The moment you intervene is the moment the market ceases to be free. Somehow, however, we have accepted the idea that Ivy League graduates should be pulling strings and pushing levers to manage the economy. We put these “experts” in front of expensive computers in big government buildings and tell them to keep unemployment low and prices stable as if the economy were a simple child’s game of connect the dots. And we pretend like this is still a capitalist system.

I suspect we put up with intervention in our economy largely because our educational system conditions us to accept intervention every step of the way. Public education in the United States very clearly emphasizes invasive authoritarianism. Instead of allowing children to learn naturally by pursuing their interests, discovering their passions, and cooperating with one another, the public school system segregates children by age and lumps them into a classroom where they are told to be quiet and listen to the teacher. In school students are told what they will learn, when they will learn it, and they are permitted very little free time during the day. Then they are loaded with homework that eats up their free time after school and prevents them from pursuing their own interests. Their textbooks are homogenous, boring, and designed to be read and memorized unquestioningly. The textbooks have also been scrubbed by the Department of Education to ensure no politically incorrect material can be found on the pages. In this environment learning is seen as something to be forced on students – such is the interventionist approach.

Intervention in education promotes group-think and dependency. Non-intervention promotes self-education and self-responsibility. There is a reason why many wise and ‘successful’ people prior to the 20th century never went to school at all and it is the same reason that numerous prominent people since the 20th century dropped out of school before becoming ‘successful’ in their own way. Even Albert Einstein loathed the interventionist approach to education: ”Education is what remains after one has forgotten everything he learned in school”, said he.

Which brings us to the role of government. Regulatory democracy works hand in hand with coerced collectivism to convince people that government is some type of benevolent service organization. People have been sold the notion that the U.S. government should take care of everyone from cradle to grave, regulate all aspects of the economy, prohibit immoral or unhealthy behavior, maintain a military empire with 300 bases in 170 countries, and fight wars on poverty, drugs, and terror.

Government is more than happy to oblige by intervening in virtually every aspect of your life and the lives of those living in foreign nations that become a “strategic interest” for the military-industrial complex. The corporate news stations (CNN, MSNBC, Fox News) work diligently to promote public support for all of this government intervention and their success is nothing short of amazing. The corporate media’s marketing genius is the promotion of the left-right paradigm. These stations divide the public into a “blue” team and a “red” team and they promote the idea that the other team is the enemy. The fact is each “team” supports government intervention on a massive scale; they differ only in the prescription and distribution of this intervention.

The predictable result of all this government intervention is poverty and misery as the economy is wrecked and the currency is destroyed. F.A. Hayek pointed this out way back in 1944 in ”The Road to Serfdom” as central planning and government intervention really began to rise in popularity.

How different is this from that which is truly American? The American vision was a divergence from the mercantilist statism and bureaucratic despotism of the ancien régime. The best of the American revolutionaries envisioned a society free from politics and indeed free from any visible signs of government. They called this Liberty.

“Government is not reason; it is not eloquent; it is force”, said Washington. “Like fire, it is a dangerous servant and a fearful master.”

Sure the American experiment wasn’t perfect – there were prejudices and inconsistencies – but there was a vibrant and healthy respect for non-intervention. We would be wise to rekindle this understanding and respect.

More to come,

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Joe Withrow
Wayward Philosopher

For more of Joe’s thoughts on the “Great Reset” and the paradigm shift underway please read “The Individual is Rising” which is available at http://www.theindividualisrising.com/. The book is also available on Amazon in both paperback and Kindle editions.

Non-intervention: Don’t Just Do Something; Stand There!

submitted by jwithrow.non-intervention

Journal of a Wayward Philosopher
Non-intervention: Don’t Just Do Something; Stand There!

February 26, 2015
Hot Springs, VA

The S&P opened at $2,114 today. Gold is up to $1,215 per ounce. Oil is back up to $50 per barrel. Bitcoin is up slightly at $237 per BTC, and the 10-year Treasury rate opened at 1.94% today.

Don’t just do something; stand there!

I chuckled when I heard this spin on the popular cliché in regards to the proper approach to natural childbirth. Then it occurred to me that this call for non-intervention is applicable for pretty much every other subject we take interest in here at Zenconomics: finance, economics, health care, education, government, all of them. Modern culture has taken a hyper-invasive approach in each of these areas to most everyone’s detriment.

Non-intervention in childbirth is based on the understanding that the mother is perfectly capable of delivering her child without any external ‘help’ save the support of her partner and her health care team. Non-intervention in childbirth operates on the firm belief that the mother’s body is perfectly designed for the task at hand and we have a lot of historical evidence to support this position.

We don’t know for sure how long the human race has been around. History textbooks tend to start the timeline around 10,000 B.C. and they say we were all cavemen for about 25,000 years prior to that. I have seen compelling alternative studies that suggest the caveman story is largely false and that humans existed at least 100,000 years ago with relatively the same genetic structure and cognitive ability. Regardless of the timeline, what we do know is that children have been born naturally according to the non-intervention principle for 99.9% of human history. Modern hospitals did not take shape until the turn of the 20th century and 95% of all children in the U.S. were still born at home in 1910. The number of homebirths plummeted to 3% by 1960 and looks to have bottomed at 1% in 1980. Approximately 5% of all births in the U.S. are currently homebirths outside of the hospital.

The data shows that complications do occur during natural labor about 10% of the time and the vast majority of these cases are minor but best addressed in a hospital setting. This is the primary risk when doing a homebirth but the risk can be mitigated with an emergency back-up plan. Fortunately, the possible complications are well-documented and they can be detected early simply by monitoring the baby’s heartbeat during labor which is now very easy to do thanks to the advancement of technology.

U.S. hospitals are extraordinarily good at handling emergency complications but this has led to a hyper-invasive approach. U.S. hospitals view childbirth as an emergency situation and employ all manner of invasive interventions during every birth whether or not a complication arises. This interventionist approach actually increases both the probability of a complication occurring as well as the severity of that complication because invasive interventions have unintended consequences. This is why you hear about so many birth horror stories in the U.S. Standard interventions like planned inductions, synthetic labor enhancing drugs, drugs for pain relief, and the restriction of free-movement disrupt normal physiology which can have undesirable effects on both mother and baby.

Non-intervention in childbirth is about trust. We must trust in the magnificent creative power that permeates the Universe. We must trust in the chaotic order and balance of the natural world. We must trust in the innate strength and wisdom of the mother. And we must trust in the majesty of childbirth.

The non-intervention philosophy is simple, holistic, and comprehensive. This applies to natural childbirth just as it applies to holistic wellness practices, free market economics, sound personal finance, childhood education, and the role of government which we will look at tomorrow.

Non-intervention requires a commitment to research, knowledge, and understanding which will cut through unsubstantiated fear and propaganda. It requires strength of will and a calmness of mind capable of tuning out the noise while tapping in to the inner wisdom we all possess. Perhaps most of all non-intervention requires an acceptance of personal responsibility: we are each personally responsible for every choice we make.

Non-intervention is not complicated but it does fly in the face of modern culture. We are constantly inundated with messages of insecurity, materialism, conformity, status, fear, intolerance, and hate from mainstream media sources – especially from the television “news” programming. These messages almost exclusively hold intervention as the solution to any problem and this outlook has shaped modern culture as most people buy right in to this way of thinking. But an amazing internal transformation occurs within those who tune out the noise and embrace the philosophy of non-intervention.

Our midwife made a profound statement to wife Rachel and I during our initial informational interview and the wisdom of her words still echoes in my head:

”A good midwife knows when to sit on her hands.”

I am convinced that this ability to sit patiently on one’s hands with a calm mind while the crowd screams for action is the peak of self-discipline.

Until the morrow,

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Joe Withrow
Wayward Philosopher

For more of Joe’s thoughts on the “Great Reset” and the paradigm shift underway please read “The Individual is Rising” which is available at http://www.theindividualisrising.com/. The book is also available on Amazon in both paperback and Kindle editions.

The Coming Non-Intervention Revolution

by Ron Paul – Ron Paul Institute for Peace and Prosperity:Ron Paul

As we see each new administration, regardless of claimed ideological or political differences, pursuing the same destructive policies abroad and trampling our civil liberties at home, we must now face the key issues of our time. The issues of war or peace, republic or empire, liberty at home or the encroaching police state, can no longer be ignored. We find ourselves at the edge of a precipice, where it is obvious that the failed policies of the past cannot be repackaged under a new name to solve our crisis today.

Many still believe each four years that if only their candidate – with the newly-minted and freshly-printed slogans – is elected, we will finally be led to a new springtime in America, to peaceful and prosperous days ahead. But regardless of party, with only cosmetic differences the same policies are being pursued.

Those disgusted by the wars pursued by the Bush Administration, based on lies and manipulation, eagerly waved signs welcoming “change” and voted for new management. But the new manager turned out to be just as bad as the previous one, and in many cases even worse.

The festering wound called Guantanamo Bay has not been closed even as most of its dehumanized prisoners have been cleared for release. Those left there, most of whom not found guilty of anything, are resorting to secret hunger strikes in the hopes of perishing in peace rather than being forced to endure the misery.

The current administration has taken its predecessor’s flirtation with the use of drones to kill anonymously anywhere it chooses and turned it into the cornerstone of US foreign policy.

In Pakistan alone, this administration has killed nearly four thousand people, many of them civilians, with drone strikes. By some estimates, including a recent study by Stanford University, as many as 50 civilians are killed by drones for every terrorist. The administration uses “signatures” to determine who to kill, but these behavior patterns are not at all defined and most often encompass the normal day-to-day activities of farmers and others in Pakistan and elsewhere.

When the administration was forced recently to answer the question of whether it believed it had the legal right to kill Americans on American soil by drone strike, it did not, contrary to press coverage, deny that “right.” Instead, it merely reassured us that it would not kill any American at home by drone who was not considered a “combatant.” And who determines that? Under the precedent set by the previous Bush Administration, it is claimed the president has that imperial privilege.

Just a couple of years ago, Congress passed and the president signed a military spending authorization bill, the NDAA for 2012, which told the president that he has the right to indefinitely detain anyone, even Americans on US soil, indefinitely and without trial if he determines they have provided any sort of material support for terrorist groups or associated forces. What does “material” and “associated” mean? They won’t tell us.

Congress has allowed itself to be made irrelevant, behaving like children while deferring to the president the important decisions it is required to make by the Constitution. On Iraq, Congress left it to the president to decide what to do. On Libya, when in 2011 the president launched an illegal war under false pretenses, Congress did not bother to make a sound. As the president commits the US military to acts of war — covert and overt — against Iran, Syria, Mali, and so on, Congress watches meekly on the sidelines.

There are exceptions, of course, including many Members I have worked closely with over the years in attempt to win our colleagues back over to the side of the Constitution. Many of these friends and former colleagues continue this struggle from inside and they should be commended and supported. I am afraid they are at present still a small minority, largely ignored by House leadership of both parties. But their ranks are growing.

The framers of the Constitution viewed Congress not only as a co-equal branch, but as the first among equals — the people’s branch of government. The people’s branch has nearly lost all relevance today. No wonder poll after poll shows that the American people are disgusted with the whole process. According to the most recent Rasmussen survey, only eight percent of Americans believe Congress is doing a good job, and 53 percent of those surveyed do not believe either party really represents the American people.

We need something new.

We need a hard look at the key issues of our time: the future of freedom, the future of the human race, and of the United States. Neither the Republican nor the Democrat party are pro-peace. They are merely partisan. How many of our pro-peace allies during the Bush administration have disappeared now that a Democrat is in office pursuing the same policies? Also, see how many of the Bush-era hawks have questioned “Obama’s wars” only for petty partisan reasons. It is about political advantage rather than principle. But this is all coming to an end. It cannot be sustained. Every day more and more come over to our camp, the non-interventionists.

At the hands of the warmongers millions have died for nothing. Iraq, Korea, Iran, Syria, Afghanistan, Pakistan, Mali, Venezuela, Iraq, Yemen, Somalia, Sudan, and so on. How can we even know the full extent?

According to the US Special Operations Forces commander, Adm. William H. McRaven, testifying before the Senate Armed Services emerging threats subcommittee earlier this month, “On any day of the year you will find special operations forces [in] somewhere between 70 and 90 countries around the world.”

Why? To what end? And most importantly, where is the authorization? On whose permission does the US Special Forces Command conduct war in 70 to 90 countries at any given time? Are there stacks of hidden declarations of war somewhere that no American knows about? The constitution gives the president no power at all to make war on any given day in 70 to 90 countries, to use secret forces to undermine domestic political currents in favor of movements and politicians that the US elites judge to be “in line” with their interests. Again it is the sign of a nation that has lost its way.

It is time for us to stand up for peace, a peace that is intricately connected to justice, shared human values, and prosperity. A peace that leaves us safer than the empty lies of the warmongers. A peace that leaves our economic future with some glimmer of hope, that leaves our next generations with some glimmer of hope. A peace that frees up the economic resources that can prevent our children from being slaves to the impoverishing imperial ambitions of those directing our current foreign policy.

We are the real patriots. We believe in the United States. We believe the time is now to advance our issues as they have never been advanced before. Above all, we are the optimists. We believe in a brighter future.

The Cold War, as we now know, was itself largely hyped up by beneficiaries of the military build-up, but at the very least we should have expected at the end of the thousands of missiles pointed at us some sort of peace dividend. Instead, thanks to those whose careers and fortunes depended in some manner on the military industrial complex, we stumbled from the end of the war on communism to the war to control the world. This war has failed.

This is the agenda that we are going to advance. This is why I have decided to found my own peace institute that seeks friends and allies beyond all political, party, and ideological lines. We have a great battle of ideas ahead of us. It is time for all like-minded individuals, regardless of political, ideological, or other orientation to join this battle of ideas. We are ready to provide guidance.

I feel so strongly about this issue, the issue of war and peace at home and abroad, that I have for the first time given my name to an institute.

We do not have to agree on every single issue. We should tolerate those views that we may otherwise find objectionable — as long as they do not contradict our main shared values: an end to the American empire overseas and the assault on our civil liberties at home. At the end of my 2008 presidential run I gathered together the candidates of the “minor” political parties to see whether we could find some common ground, to see whether there might be some momentum to push forward a new kind of program beyond the domination of the two major parties. The joint statement we came up with then can very well serve as a guideline for our shared mission to restore peace and liberty to this country. To secure a better future for coming generations.

The statement reads:

We Agree

Foreign Policy: The Iraq War must end as quickly as possible with removal of all our soldiers from the region. We must initiate the return of our soldiers from around the world, including Korea, Japan, Europe and the entire Middle East. We must cease the war propaganda, threats of a blockade and plans for attacks on Iran, nor should we re-ignite the cold war with Russia over Georgia. We must be willing to talk to all countries and offer friendship and trade and travel to all who are willing. We must take off the table the threat of a nuclear first strike against all nations.

Privacy: We must protect the privacy and civil liberties of all persons under US jurisdiction. We must repeal or radically change the Patriot Act, the Military Commissions Act, and the FISA legislation. We must reject the notion and practice of torture, eliminations of habeas corpus, secret tribunals, and secret prisons. We must deny immunity for corporations that spy willingly on the people for the benefit of the government. We must reject the unitary presidency, the illegal use of signing statements and excessive use of executive orders.

The National Debt: We believe that there should be no increase in the national debt. The burden of debt placed on the next generation is unjust and already threatening our economy and the value of our dollar. We must pay our bills as we go along and not unfairly place this burden on a future generation.

The Federal Reserve: We seek a thorough investigation, evaluation and audit of the Federal Reserve System and its cozy relationships with the banking, corporate, and other financial institutions. The arbitrary power to create money and credit out of thin air behind closed doors for the benefit of commercial interests must be ended. There should be no taxpayer bailouts of corporations and no corporate subsidies. Corporations should be aggressively prosecuted for their crimes and frauds.

This is an historic moment. The era of the neo-conservative control over our foreign policy is passing. Those pushing authoritarianism at home are being challenged and rejected. The American people are turning away from a foreign policy of empire because they understand that they cannot afford it, that it does not make us safer but rather the opposite; that the price of empire abroad is a police state at home, and that throughout history all empires fall and fall in a catastrophic way. We can avoid this terrible fate if we stand up together.

Please, join us. Support our efforts. Become involved in our mission. Peace and prosperity.

Article originally posted at The Ron Paul Institute for Peace and Prosperity.

Macroeconomic Trends

submitted by jwithrow.trends

Journal of a Wayward Philosopher
Macroeconomic Trends

November 18, 2014
Hot Springs, VA

The S&P opened the day at $2,040. Gold is up to $1,193. Oil dipped just below $75. Bitcoin fell slightly to $379, and the 10-year Treasury rate is 2.32% today. All seems to be calm in the financial world for the moment…

In other news: little Madison is one month old this week!

I have spent many of the past twenty-nine evenings contemplating the intricacies of the infant experience. Maddie’s infant mind is as mysterious to me as this crazy world must be to her.

What does she see as she gazes out from those blue-grey eyes? Why does her attention seem to be drawn to the top corner of the room? How does she interpret all of the data received by her sensory organs? What can she possibly be dreaming of while in the throes of R.E.M. sleep? How can she tolerate her mother’s off-tune singing all day long?

Some evenings, when especially sleep-deprived, I can imagine an older Madison filling her father in on all the details. “I tried to tell mom to stop singing those ridiculous songs to me but I just couldn’t find the words”, future Madison would say. But then I come-to and accept that I will never have the definitive answers to my reckonings.

Not one to be discouraged, I then focus my reckonings on slightly more concrete topics.

What will the world look like eighteen years from now when Maddie is ready to go her own way?

Fortunately I don’t need to rely on future Madison to answer this question; I can make an educated guess by projecting current macroeconomic trends out to their logical conclusion. I have been tailing macroeconomic trends for several years now and no matter how close I follow behind, they always seem to lead me to one inevitable conclusion: the debt-fueled, fiat-driven, consumption-oriented, entitlement-laden, militarily-enforced Pax Americana is coming to an end.

Not a very popular thing to say in today’s hyper-sensitive politically correct world, I know. But I say this as a cold observation with no emotion attached. Just look at the prominent trends:

  • The U.S. government took more than 200 years to run up $1 trillion in debt. The national debt has since exploded to nearly $18 trillion in less than 30 years with $9 trillion of that coming from 2005-present.
  • The U.S. monetary base was relatively stable from 1781-1971. It has since exploded to the point where the U.S. dollar has lost 98% of its purchasing power.
  • Consumer debt has skyrocketed right along side public debt since 1971.
  • When calculated according to GAAP, the U.S. debt is actually north of $200 trillion and growing. This figure is predominantly made up of Social Security and Medicare unfunded liabilities.
  • Demographics show that roughly 10,000 people with celebrate their 65th birthday every single day for the next ten years. One can safely assume they will all be interested in signing up for Medicare and Social Security benefits.
  • The 10-year Treasury rate has been steadily declining since the late 1980’s with the help of the Federal Reserve. Despite record-low interest rates, the U.S. government paid out more than $420 billion in interest payments in 2013. Even a slight uptick in interest rates will dramatically impede the Treasury’s ability to service the national debt.
  • America was founded upon the principle of non-intervention. “Peace, commerce and honest friendship with all nations; entangling alliances with none”, said Jefferson. The United States has systematically morphed into a military empire with more than 300 military bases in over 170 countries. Militarism puts a measurable strain on the budget and a less measurable strain on the morality of society.

It doesn’t take much analytical skill to see that current macroeconomic trends are not slowing: they are growing exponentially. One only needs to utilize a sliver of common sense to understand that exponentially expanding trends are not sustainable. The trends don’t tell me what the world looks like in eighteen years but they do clue me in on what it doesn’t look like. And what it doesn’t look like is the world of the past seventy years.

Hmm. So, how best to to help Maddie prepare for adult life in a world that does not yet exist?

That’s the problem with philosophical contemplations: rather than answers they tend to lead only to more questions. Fortunately, questioning is the philosopher’s strong suit.

Until the morrow,
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Joe Withrow
Wayward Philosopher

For more of Joe’s thoughts on the “Great Reset” and regaining individual sovereignty please read “The Individual is Rising” which is available at http://www.theindividualisrising.com/. The book is also available on Amazon in both paperback and Kindle editions.