Guest Post: Into The Economic Abyss

Tyler Durden's picture

Submitted by Brandon Smith of Alt-Market

Into The Economic Abyss

Over the past few years, mainstream analysts have
shown a tenacious blind faith in the U.S. economy and the dollar that
goes far beyond religion to the point of mindless cultism, so, when even
they begin to question the future of American finance (as has been
occurring more and more everyday), you know its time to worry. For
those that have been following my work since 2007, the events of the
past few months have not been a surprise at all, however, for those just
waking up to the ongoing implosion of our fiscal infrastructure, the
bubbling inflationary meltdown just over the horizon and the nightmare
unfolding around our national debt is rather shocking. Living
through a full spectrum catastrophe is, to say the least, confusing,
especially when you have no idea where the whole thing began.

Until now, the mainstream media has provided nothing but economic fantasy for the masses. They
have satiated the public with what amounts to financial toddler talk
for helpless preschool minds averse to any research beyond their daily
15 minute sippy cup of New York Times, CNN, MSNBC or FOX cable news
sound bites. I mean, have you ever actually stopped and read a Paul Krugman article more than once? Or listened carefully to an MSNBC economic piece? It’s
like being violently accosted by a band of slobbering mental deficients
with securitized ARM mortgages stuffed in their pants. Of course, fewer and fewer people are now buying what these hucksters are selling. With
gasoline nearing $5 a gallon, grain prices doubling, and shelf prices
beginning to skyrocket, it’s hard for even the most ignorant suburban
schlep to remain oblivious to the problem anymore. We are no longer on the edge of the abyss; we have fallen into it head first…

I make this statement not for effect, not to
startle people out of their apathy, not even to illustrate what “may” be
coming around the bend in the near future. I make this
statement as directly and sincerely as I know how; we have indeed
crossed the line between economic weakness and economic catastrophe. For those of you who have been asking when the final stage of the economic collapse will begin, that time has arrived. Here is why…

Energy Inflation Overdrive

Here’s how to tell when inflation is about to run
out of control in your country; wait for the politicians and bankers to
begin making excuses for its consequences instead of pretending it
doesn’t exist! Remember after the initial 2008 spike in oil prices when we talked about the prospect of “speculation” as the culprit? Remember
also that I have pointed out for the past three years at Neithercorp
Press that when the dollar eventually began to crumble, and the price of
crude began to spike again, the government would try to blame
speculators as the scapegoat hoping that Americans would assume the
situation today was the same as it was in 2008?

Well, guess what? The Obama
Administration has just initiated the first volley of “speculation”
propaganda talking points by tapping the Department Of Justice among
others to “investigate” possible trader fraud and speculation in the
price destabilization of oil:

Ah! So it’s those devious “traders”
and “speculators” out there in the ether that are driving up the price
of oil, and don’t worry folks, ole’ Barry is on the case! Little mention of OPEC’s general distaste for current U.S. activities in the Middle East. And
certainly, no mention of the dollar’s continuous sharp decline over the
past two months from the White House as being even remotely responsible
for you being robbed at the gas pump. The dollar, despite
intervention by G7 countries, continues to depreciate against the
Japanese Yen, and has also slid to a 15 month low against the Euro:

At the publishing of this article, the Nymex crude
index is at around $113 a barrel, while the Brent crude index stands at
$124 a barrel. Gasoline prices across the country are averaging $3.50 to $4.00 a gallon. Now, some crazy individuals out there may question any overt concerns towards $120 or even $150-a-barrel crude. We survived it back in 2008, right? Why not today? However,
this fuzzy logic depends greatly on a very unfortunate premise; that
the economic atmosphere of today is the same as it was in 2008. Not even close…

The crude explosion in 2008 lasted for around six
months, peaked at around $4 a gallon, and then ended with a
deflationary-like plunge precisely because that price spike WAS (for the
most part) caused by speculation. This time, expect no peak. Only an endless steady climb as the summer months progress. We
have been calling for an increase in oil costs far exceeding the $150 a
barrel achieved in 2008 and we stand by that prediction.

Negative aspects of energy inflation will take hold
much faster than in 2008, primarily because our economic foundations
are even weaker than they were three years ago. Today, we
not only have a massive and unsustainable national debt, and a credit
crisis still unresolved, but also a privately controlled Federal Reserve
with no oversight running amok, printing non-stop since the derivatives
bubble first popped. Not even the dollar’s fake reputation as a safe haven investment can stall the collapse now.

High energy costs hit every conceivable sector of the economy, from freight, to food, to vacations, to housing. People
drive less when it costs them twice as much to do so, which means less
shopping, fewer trips to Disney World, and second thoughts about moving
to a new home in a new state. The cost of producing goods
hits wholesale prices, which eventually hit retail prices when corporate
chains are no longer able to absorb the increases. Your electric and heating bills take a bite right out of your tender behind. All of these factors will snap the thin thread our system is clinging to. America, as we know it, WILL NOT survive $5-$10 gas. Period.

To Default, Or Not To Default

Should the debt ceiling be raised? Should it be frozen in place? Frankly, in the short term, these questions are irrelevant. In either case, the taste and feel of the resulting chaos will be the same. Holding the debt ceiling in place will at least (in theory) stop the Federal Reserve’s printing bonanza. If
the Treasury can’t continue borrowing from the Fed, then the Fed has no
means to continue creating debt or fiat (my suspicion though is that
they would find a way around this). A national default would result. The
U.S. Treasury Bonds held by governments around the world would become
essentially worthless, the dollar would lose its reserve status, plummet
in value, and hyperinflation would result.

If the debt ceiling is raised yet again, the Fed
will persist in its quantitative easing programs until the dollar is
dust, or foreign central banks lose all interest or respect and begin a
dollar/treasury dump, again resulting in hyperinflation or Stagflation. Today,
news has hit the wire that officials in China are discussing a
reduction of their large forex (Foreign Exchange) reserves to around $1
Trillion and diversifying away from the Greenback:

To put this in perspective, China currently holds
around $3 Trillion in various bonds and currencies, a large portion of
them U.S. dollars. This means that China is now considering cutting its reserves by over two-thirds! Can you guess where the majority of those cuts are going to come from…? This is devastating news for the dollar!

It is perhaps not a coincidence that this news
comes right after the S&P changed its debt rating outlook for the
U.S. to negative. At the beginning of this year, the Obama
Administration and the Treasury made it clear that rating agencies would
be ignored when it came to their analysis of the American debt
situation. Rather convenient since this was right before
U.S. default became a stark reality in the face of budget battles and
the falling dollar. Ironically, despite the government’s
insistence that ratings agencies views no longer mattered, the White
House still attempted to pressure the S&P to back down from its
recent announcement:

Fitch has also warned that the U.S. “official” debt
to GDP ratio is around 100%, an impossible position for any nation to
maintain and still hold onto a AAA credit rating. As long as we continue
to spend at the rate of a trillion dollars or more a year (not counting
Fed stimulus spending which is mostly unknown), and the so called GOP
leadership is willing to compromise cuts down to a pathetic pantywaist
$38 billion, you can bet the ratings outlooks will grow much worse in
the coming months. That said, if you see what I see; the
endless stream of evidence asserting a deliberate destruction of the
U.S. economic structure and the dollar as a pretense to remove it as the
world reserve and replace it with a basket of currencies under the
control of the IMF, then the government’s seeming fiscal madness and its
complete inability to heed the wishes of the people it is supposedly
tasked with defending makes perfect sense. To put it simply, they represent globalist interests, not our interests. Shocking….I know. But then again, I’m just a crazy kooky conspiracy theorist doom monger terrorist puppy killer….

But at least I’m not a liar…

Alternatives: Ours and Theirs

Nothing scares the hell out of me more that $1500 an ounce gold and nearly $50 an ounce silver. I
mean, I’ve been predicting it since the credit collapse, and I’ve been
begging people to buy precious metals for the better part of three
years. Its one thing to know that such inflation is coming, but it’s another thing to witness it first hand. If
you took my advice to buy silver back in November of 2010 at $25 to $27
an ounce, for instance, then your investment has just doubled. It’s barely been six months!

Despite incredible market manipulation, precious metals have fought back and are now on the path to historical highs. Even if you are a holder of PM’s, though, this is not good news for the country.

There are two reasons why international banks like
JP Morgan have consistently manipulated the market value of gold and
silver down (and been caught in the act). First, global bankers strive to remove all competition from any economic system, and this includes forms of currency. Gold and silver have long been competing forms of currency to fiat paper. Therefore, banker attacks on metals are a given. The less viable gold appears to be as an investment, the less people will take it seriously as an alternative to the dollar. You
must be forced to believe that only dollars hold “tangible value”,
otherwise, Americans would realize they don’t need the dollar (or any
fiat currency) at all.

Second, commodities like gold and silver are traditionally prime indicators of inflation and dollar devaluation. Skyrocketing commodities mean poor monetary policy. Thus, manipulation of metals downwards helps to hide poor monetary policy. The
doubling of silver in only six months despite this manipulation, along
with the doubling of most other commodities in the past two years, is
not just a sign of destructive inflation, it is a guarantee.

As the dollar heart attack nears a climax, many
individuals as well as sovereign states are turning towards precious
metals and alternative markets as a way to hedge against a Weimar-style
fiscal fiasco. At the same time, globalists are introducing their own “solutions” into the mainstream. Joseph
Stiglitz of Columbia University has come out against the dollar,
calling for an end to its world reserve status as well as the
implementation of a new “global system”:

George Soros has done the same at his Bretton Woods
II conference, which received almost no initial publicity despite four
major journalists on the speaking list, including the editors of both
Reuters and The Times, calling for the “global regulation of financial
systems”, as well as the formation of a “New World Order”:

So, you have the American people pulling towards
transparency and sovereignty, and you have the globalists pulling
towards more secrecy, more unaccountability, and more centralization. Story as old as time, right? Perhaps the stakes are higher this go-around…

If global banks have their way, we are facing, at minimum:

Full Housing Collapse

Full Credit Collapse

Grid Failures

State And Municipal Defaults

National Default

Energy Crisis

Food Crisis

Civil Unrest

Increased Crime

Reduction Of Civil Liberties

Martial Law

How these incidents play out in the end is dependent upon the reactions of the citizenry. Placation will result in the complete loss of Constitutional freedoms. Rage could result in civil war. There are no easy answers. There are no magic bullets that remove all obstacles. This IS the reality we are facing in the near term, and there is little left to question. I
am personally shifting away from economic analysis because I feel that
the problems are so numerous and so evident that it makes little sense
for me to point them out much longer. The elephant in the room has been noticed.

If ever there was a time for solutions and action, it is now. From
my perspective, the best bet for short term protection against
inflation and dollar collapse is for communities and hopefully states to
begin decoupling from the diseased system entirely. This
means localized markets, self sustained neighborhoods and towns, as well
as sound money legislation and nullification bills at the state level. It means average Americans taking responsibility for their own food, energy, money, and defense. It
means pursuing the exact opposite of what international bankers are
suggesting; a global version of the Federal Reserve with prolonged fiat

Again, we have crossed the line. Every concrete economic signal and index I know of shows the avalanche is no longer building but in progress. Prepare now, or not at all.

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BernankeHasHemorrhoids's picture

Ezekiel 25:17. The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of Obama. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness. For he is truly his brother's keeper and the finder of lost children. And I will strike down upon Obama with great vengeance and furious anger those who attempt to poison and destroy my brothers. And you will know I am the Lord when I lay my vengeance upon you, Obama.

TBT or not TBT's picture

Not that I'm sensitive about such things, but the line from Pulp Fiction cannot be found in the Bible as such.   There are elements of the killer's favorite line there, but not the whole thing, and not in that combination.

Squid-puppets a-go-go's picture

if only the people would go medieval on bernanke's ass

Cognitive Dissonance's picture

You are welcome to start unless you don't feel you're one of the "people" you refer to.

tomster0126's picture

what are we waiting for?  use Facebook to create a group, let's get a mass protest organized.  seriously.

Twindrives's picture

That's why Barry Soetoro (the big bankers' shoe shine boy) was installed in the White House in 2008, to lead America into the abyss.......and if re-elected in 2012..... into hell.     

Diogenes's picture

What is weird is that Obama is a Marxist. Did the CIA create a Marxist president as part of their mission to combat Communism?

Gully Foyle's picture

Guess what people, they be planning to keep you trapped in the US

State Dept adding intrusive, semi-impossible questionnaire for US passport applications


Olga sez, "The U.S. Dept of State is proposing a new Biographical Questionnaire for passport applicants: proposed new Form DS-5513 asks for all addresses since birth; lifetime employment history, personal details of siblings; mother's addresses prior to your birth; any "religious ceremony" around time of birth, circumstances of birth including names (as well as addresses/phone numbers) of persons present, & more. Failure to answer can mean denial of passport, & govt reserves right to use this info for 'routine uses.'"

It seems likely that only some, not all, applicants will be required to fill out the new questionnaire, but no criteria have been made public for determining who will be subjected to these additional new written interrogatories. So if the passport examiner wants to deny your application, all they will have to do is give you the impossible new form to complete.

It's not clear from the supporting statement, statement of legal authorities, or regulatory assessment submitted by the State Department to the Office of Management and Budget (OMB) why declining to discuss one's siblings or to provide the phone number of your first supervisor when you were a teenager working at McDonalds would be a legitimate basis for denial of a passport to a U.S. citizen.

You've got the rest of today to submit your comments on this proposal. Lots of additional material at the link below.

State Dept. wants to make it harder to get a passport

by Edward Hasbrouck on April 22, 2011

If you don’t want it to get even harder for a U.S. citizen to get a passport — now required for travel even to Canada or Mexico — you only have until Monday to let the State Department know.

The U.S. Department of State is proposing a new Biographical Questionnaire for some passport applicants: The proposed new  Form DS-5513 asks for all addresses since birth; lifetime employment history including employers’ and supervisors names, addresses, and telephone numbers; personal details of all siblings; mother’s address one year prior to your birth; any “religious ceremony” around the time of birth; and a variety of other information.  According to the proposed form, “failure to provide the information requested may result in … the denial of your U.S. passport application.”

The State Department estimated that the average respondent would be able to compile all this information in just 45 minutes, which is obviously absurd given the amount of research that is likely to be required to even attempt to complete the form.

It seems likely that only some, not all, applicants will be required to fill out the new questionnaire, but no criteria have been made public for determining who will be subjected to these additional new written interrogatories.  So if the passport examiner wants to deny your application, all they will have to do is give you the impossible new form to complete.

It’s not clear from the supporting statementstatement of legal authorities, or regulatory assessment submitted by the State Department to the Office of Management and Budget (OMB) why declining to discuss one’s siblings or to provide the phone number of your first supervisor when you were a teenager working at McDonalds would be a legitimate basis for denial of a passport to a U.S. citizen.

There’s more information in the Federal Register notice (also available here as a PDF) and from the Identity Project.

You can submit comments to the State Dept. online at until midnight Eastern time on Monday, April 25, 2011.  Go here, then click the “Submit a Comment” button at the upper right of the page. If that link doesn’t work for you, it’s probably a problem with the javascript used on the website. There are alternate instructions for submitting comments by email here.

(Note that the proposed form itself was not published in the Federal Register. The Identity Project was eventually provided with a copy after requesting it from the Department of State, and posted it here.)

Here’s a draft of the comments (PDF) being submitted by the Consumer Travel Alliance and other consumer, privacy, and civil liberties groups and individuals, if you would like to use it for ideas for comments of your own. (It’s also available  in OpenOffice format for easier editing.)

Extra points to the person who gives the best answer in the comments to the question on the proposed form, “Please describe the circumstances of your birth including the names (as well as address and phone number, if available) of persons present or in attendance at your birth.”

lesterbegood's picture

The FedCorp does not want anybody leaving the country with their property. Confiscation coming soon?

rwe2late's picture


 Apparently adopted persons, children of divorced parents, families who move often, individuals with deceased parents, and individuals with extensive work histories are, along with others, to be arbitrarily denied passports.

(Hmmm, just what were my mother's addresses during when I was ages -1 thru 10?)

 The penalty for any suspected "fraud" in completing the form will no doubt be a decade or more in a FEMA work camp

tomster0126's picture this for real?  Thoughts on a national ID card being instituted, and perhaps used as a form of paperless currency?

LawsofPhysics's picture

Oh boy, that sounds "doublesuperplusungood."

Founders Keeper's picture

[State Dept. wants to make it harder to get a passport]---Gully Foyle

Thanks for your post, Gully. Point noted.

My point: My family and I won't be needing a passport. We won't be leaving America. This is our country. Our home. This is where Lady Liberty stands, and we stand with her, beside her, and will fall or fail before her.

So help me God.


BigJim's picture

Sorry, mate; Lady Liberty left the US some time ago.

AurorusBorealus's picture

 “‘Fallen! Fallen is Babylon the Great!’[a]
   She has become a dwelling for demons
and a haunt for every impure spirit,
   a haunt for every unclean bird,
   a haunt for every unclean and detestable animal.
3 For all the nations have drunk
   the maddening wine of her adulteries.
The kings of the earth committed adultery with her,
   and the merchants of the earth grew rich from her excessive luxuries.”

Whatta's picture exactly when the fug will the meek inherit the earth? A post bernank-obama-harvard mba-giant squid-fukishima earth probably won't have much left to offer.

lolmao500's picture

Yep, when the US goes the way of Argentina, it won't be pretty!

Titor was right, once the US goes kaboom, fighting is gonna start. Everywhere in the US by 2012.

Mongo's picture

Decoupling bitches!

DutchTreat's picture

If the German script will be followed an American Hitler will stand up and accuse the Asians. Go long (EU) defense companies. 

Nate Taggart's picture

How different is the American population from the German population in the 20's and 30's?  Are we really immune to a Nazi like regime as most people believe?  

As before, the populist government will look for a scapegoat, but this time around it will be all the wealthy and the productive regardless of religion/race.  Concentration camps for small business owners?  It should be the banksters but we know they'll get off scott free.  Much easier (and lucrative for the politicians) to target the smaller fish. 

Chuck Walla's picture

I think the Brown Shirts are already running the place.  The plan is likely to precipitate some crisis So Obama can declare elections as "Too dangerous" and declare martial law. Then we will see some real blood shed. The serious and committed fighters will die off and the rest of us will go along with the new serfdom so we can keep our cowardly little lives.

pan-the-ist's picture

Obama doesn't look like a fascist. In order to pull fascism off, you need to appeal to the narrow-minded nationalists who will blindly secure the state once they are in protection mode.  To pull this off, you need a segment of the population that is willing to stand up for its kind and follow a leader of its kind against an enemy that is different.

There are many reasons why fascism is a right-wing idiology, but this is first and foremost.

redpill's picture

Right-Left paradigm is a fallacy.  Every "leftist" revolutionary leader has the same cult-of-personality nationalistic characteristic as Adolf & Benito.  The real spectrum is Authority versus Liberty.  And the Authoritarians all share the same need to get most of the people to be willingly compliant so they only need to get out the jackboots and batons for the mouthy dissidents.

I think the 2012 election cycle will be very telling, if Obama dramatically changes his rhetoric to make himself out to be a "strong leader" that is willing to take authoritarian steps to "fix things" we could see him become something very different than what you perceive him to be today. 

America does still have time to redeem herself, come back from this ledge, and work through our economic problems through liberty and freedom.  But I'm afraid the only chance of that rests on the possibility of electing a funny old Congressman from a little district in Texas who has rarely been taken seriously when he was warning us this day would come.  I don't like our chances, but I know who I'm voting for.

pan-the-ist's picture

It's a question of psychology friend.  Those inclined to be right-wing tend to think the world is black and white, right and wrong, good and evil.  Liberals tend to think in shades of grey.  Liberals tend to allow cancers to grow, while conservatives tend to cut it out.  In order to fix what is broking, the country needs to be culled, that can only be done by a certain breed, and Obama isn't a part of that breed.

There are no Scott Walkers on the right wing ticket for 2012 for a reason, the people can't stomach it.  It will take an economic disaster for the 'silent majority' to allow what needs to take place, then and only then will you see a stong conservative candidate.  Ron Paul is too much of a vagina to effect the kind of change that needs to be done.

kridkrid's picture

I think you are both right.  I think the left vs. right fallacy has been engineered to keep focus squarely away from the real criminals.  So I agree with Red Pill... it's not really real.  But the simple fact that this is engineered doesn't mean that it won't then be used to usher in what is to come.  To that point... our final form of fascism (which in my opinion will only mean doing away with facade of democracy) would likely come primarily from what we today view as the "right".  Just all my opinion, mind you.

redpill's picture

Again, false paradigm.  Talk to a liberal about health care, taxes and unions and see how many shades of gray you find in their arguments.  "Liberal" minded people are subject to every bit of the sort of hard line authoritarianism that "conservative" minded people can be. 

kridkrid's picture

You are being a bit defensive and caustic.  Nobody likes to be told that they are supporting a fallacy... those on the "left" or "right". 

BigJim's picture

No, it's not 'bullshit' - liberals are very keen to see people's wealth confiscated at the point of a gun, to be redistributed to those deemed more worthy of possessing it. This doesn't seem authoritarian to you because you have been brought up with it, but it is just as authoritarian to throw someone into a cage for not paying 'their' taxes, as it is to throw someone into a cage for smoking the 'wrong' kind of plant.

pan-the-ist's picture

Some Liberal minded people are okay with authoritarianism, while most conservative people like authoritarianism.  Fixed that for you.

Founders Keeper's picture

[...while most conservative people like authoritarianism.]---pan-the-ist

Yeah, that's what I was taught in US schools also.

Pan-the-ist: Another victim of Progressive academia.



pan-the-ist's picture

How do you protect culture, wealth, and the means of production from people smart enough to know that there is nothing magical about property ownership?  It involves a boot and a club; without the state protecting the individual from the masses, you'll have none left of what conservatives are trying to conserve.

BigJim's picture

It involves a boot and a club; without the state protecting the individual from the masses, you'll have none left of what conservatives are trying to conserve.

Unfortunately, the state no longer protects the individual from the masses; it now actively allows the masses to enslave the individual via redistributive taxation.

redpill's picture

Wrong. Modern "liberals" are fine with, and actively support, economic authoritarianism many forms. If you don't understand that, you are blinding yourself to the truth. Modern "conservatives" actively support social authoritarian policies. The important thesis is that BOTH are perfectly fine with extremely authoritarian government policy as long as it agrees with their stance on an issue. This is because modern politics is not based upon a coherent philosophy but upon individual issue appeal and voter division.

Advocating a consistent policy such as Liberty means not tasking government to impose their authority on your neighbor merely because you disagree with them. But neither modern "liberals" or "conservatives" have any problem doing that if they feel "justified" in their policy stance.

pan-the-ist's picture

So conservatives don't want a government in place who's purpose is to protect the wealth of said conservatives from "liberals"?  Seems to me the goal of the right these days is to weaken government for wealth preservation (cull social programs etc), so they'd all jump on board when the Nazi comes to town and puts his foot on the throat of "the people" who use the government to extract wealth from the wealthy.

Liberty, in your view, ultimately means wealth protection.

redpill's picture

Now you're just talking nonsense. Who do you think is doing the seizing? The government is, for its own purposes. If that's "protection" then I'll skip it.

pan-the-ist's picture

There is a large area of reality that you are oblivious to.

weinerdog43's picture

Sorry, but you're full of shit.  Actually, I'm not sorry.  You're just full of shit. 

redpill's picture

Look, I'm sure if you're coming at it from one side or another you probably wish it were not the case. But the sooner you recognize the truth the sooner you'll stop being their tool.

TheFourthStooge-ing's picture

Authoritarian nationalism is ambidextrous.

The terms left wing and right wing are empty and meaningless; anyone who uses them in a serious manner has exposed himself as either a shill or a dupe.

Likewise, liberal and conservative have lost all meaning except as pigeonholes into which people are placed based upon their response to ridiculous and picayune wedge issues.

The Obama administration is functionally equivalent to George W. Bush's third term. America is a one-party system; it masquerades as a two-party system in order to cultivate the illusion of voters having a choice.

Consequently, with very few exceptions, voting has become a futile charade. I'll vote for Ron Paul for president in 2012, as I did in 2008 and 1988. I don't expect he'll win (since most Americans regard freedom with fear and suspicion), but I can vote for him with a clear conscience.


Pope Clement's picture

Hitler, Mussolini (and his mutual admiration pen pal Roosevelt) didn't look very much alike either but they were all socialists who morphed into varying degrees of fascism. Seems like the the old French Estates General political classifications of Left and Right are not very useful to clear thinking on the subject; perhaps Sen. Moynihan's distinction of those who are of the party of Liberty as opposed to those who are not would be better....

pan-the-ist's picture

The national socialist party was co-opted during the night of the long-knives.  Mussolini always was a fascist.  Roosevelt's rule was a "state of emergency", but he never installed or never was allowed to install the pinions that would allow fascism to take root.

LawsofPhysics's picture

America's population is too diverse.  The infighting everywhere will start.


A big difference between immigrants in the early 1900's and now is that in the early 1900's the immigrants actually wanted to become Americans and assimilate.  For example, they learned English better than most Americans.  They did not "demand" that the state provided Italian or German speaking schools.  Go long any weapons manufacturer in any country that can deliver to the U.S.

LawsofPhysics's picture

No, I lived it.  My family came here during WWII.  My Grandfather, my father, and myself all served our country before starting our own companies.  My grandfather would get very angry whenever my father spoke Italian in public (we spoke an unwritten dialect of Albanian Italian).  We have all done quite well, thanks.  

pan-the-ist's picture

You're grand-father lived it.  You didn't.