If you have been reading The Liberty Sphere and Columbia Conservative Examiner regularly, then you are aware that the U.S. economic outlook is dire, despite what we are being told.
Today, the federal government revised its figures, proving that we were right.
Columbia Conservative Examiner has the details.
Time to protect yourself and your financial assets against the coming meltdown.
Tuesday, August 25, 2009
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Here’s a thumbnail of what it takes, in my view, for a society to be prosperous:
1) An inventive / innovative class; people have to want to invent things and processes;
2) Cross-culturalization, where multiple inventors get together and compare their inventions, and newer \ better inventions are created;
3) Seaports or trade route intersections;
4) Business flowing from invention / innovation;
5) Decent Jobs flowing from business, so people can take care of their families with pride;
6) A reasonably decent life flowing from more people having jobs; and
7) Education encouraging the repeat of the process
Either some force in society sets this in motion, governs the process, and maintains it, or it does not. If you leave it to chance, you might be on top for a while but you will be on top indefinitely. But that is a cost of freedom, when you do not direct people what to do with their lives.
My suspicion is that China will be the next world power because they tell more people what to do, and they are more controlling. More free? Of course not. But more planning, organization, consistency, and coordination take place under their model. We in the U.S. use the “herding cats” model, and there are benefits and costs associated with it.
We’ve needed more inventors for years, and few in our country have paid attention to that issue. You always needs inventions in the pipeline.
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