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Successful Entrepreneurs Are Our Last Best Hope

Guest post by: Michael Hume

Article Overview: Several recent moves by the leftist administration of President Barack Obama are raising more alarms among those who fear a collapse of the global economy. A blunt summary would be to say the president and his colleagues seek to drastically diminish the standing of America in the world. This would be akin to taking a heavy hammer to the foundation of a house, since (as by far the world's biggest market) the U.S. could fairly be said to be the foundation of global economic activity. Diminishing America will lead to poverty and unrest throughout the world....

Successful Entrepreneurs Are Our Last Best Hope

Liberal U.S. Government Seeks To Change (Wreck) World Economy Several recent moves by the leftist administration of President Barack Obama are raising more alarms among those who fear a collapse of the global economy. A blunt summary would be to say the president and his colleagues seek to drastically diminish the standing of America in the world. This would be akin to taking a heavy hammer to the foundation of a house, since (as by far the world's biggest market) the U.S. could fairly be said to be the foundation of global economic activity. Diminishing America will lead to poverty and unrest throughout the world.

The three most alarming products of the president's misguided policies are massive spending, a crippled dollar, and a greatly weakened military.

Government spending has long been a problem, but President Obama and his colleagues in the Democrat party, since they gained full control of the federal government in 2008, have multiplied the problem exponentially. Our national debt is already impossible to repay. As much as the president likes to blame his predecessor for all our problems, the situation was never nearly as dire during George W. Bush's time in office (and the current mess would even have seemed outlandish to consider). But perhaps even more troublesome is the manner in which the liberals have run up the spending bill, pouring billions into "social" programs that keep Americans unemployed, dependent upon entitlement programs, and far less able to recover. And the crown jewell in the liberals' legislative agenda, Obamacare, will finish drowning America in a sea of spending debt while nevertheless wiping out the quality of the world's (heretofore) greatest medical system.

Meanwhile, the Federal Reserve's monetary policy seems strategically designed to prohibit the economy from recovering. With the Orwellian-named procedure of "quantitative easing," the Fed has created billions of dollars out of thin air, severely diluting the value of the dollar as compared with other world currencies. Despite the Fed's assertions that they don't see inflation as a huge threat, this money-printing has already led to significant price inflation in the U.S. and seriously threatens the sort of hyperinflation that led Germany into national socialism and World War II. A key effect of this weaker dollar might well be the disastrous replacement of the dollar as the world's reserve currency, which many experts say is imminent. When that happens, and oil is traded not in dollars but in a now-planned "basket of currencies," your gas prices will jump above $6 per gallon virtually overnight. Contemplate for a moment what just that one change will mean to your daily life.

Speaking of world war, the havoc wreaked by these economic bombings are likely to lead to the sort of violent unrest that will be difficult to contain in any one nation. The nations of the world have so intermingled their individual economies that any impact in the U.S. economy is certain to send deep ripples throughout the political and economic waters of every nation on Earth. So, as the world's police force (yes, the American taxpayer foots the bill for the defense of virtually every free economy in the world), it would be nice if the U.S. could maintain a strong military. But, not surprisingly, the only spending the liberals ever found that they don't like is military spending. When the president and other liberals talk about "cutting spending," in most cases they're referring to simply slowing the rate of spending growth (in other words, we're still going to spend more than we did last year, but by a smaller percentage than we increased things last year from the previous year). But when it comes to the military, not so. The president has proposed billions in real cuts to the military, including tens of thousands in force reductions.

By the way, when 27,000 soldiers and 20,000 marines are essentially laid off, how much hardship will that create for how many American families, upstream and downstream from military families in the U.S. economy... to say nothing of the military families themselves?

With a new Republican majority in the U.S. House of Representatives, some slowing can be applied to this runaway train. But, just as they'd hoped, the liberals were able to create enough damage to the free market system in their two-year dash toward socialism to make any kind of quick recovery impossible. In fact, if a full restoration of the free market (and its accompanying liberties) is now even possible at all, it will take at least a generation.

The only hope for the fastest possible recovery is entrepreneurialism. The more people allow themselves to be slowly stunned into dependence on the government, the less power they'll be left with to overcome the coming adversity... so personal responsibility and self-reliance will be, as they've always been, the only real solutions. The three best actions you can take against the coming storm are to renew your personal health and vitality (so you don't have to rely on substandard government health care), start your own business (even if you start small with a home business you can run in your spare time, you need a revenue source you can call your own), and get a real education on the global economy (so you won't be swayed by popular agenda-driven media and advisors who'll get you into "investments" designed to drain away every drop of your personal wealth).

The new economy will not work the way the old economy did, and the changes are now inevitable. But even in the tough times to come, you can play this game to win.

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Article Tags: government takeover, health wealth and happiness, inspirational leadership, personal responsibility



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