Skip to main content

The American Crisis: That My Child May Have Peace

Have you ever wondered how the United States amassed so much debt? It’s simple: as the world’s reserve currency, few ever questioned the solvency of its issuer, so creditors domestically and abroad have long ponied up the cash on the promise of future repayment in the form of goods rendered at some future date. 

While the United States government has had little issue with satisfying the paper obligations through the proverbial printing press, they haven’t figured out anything new in order to satisfy that latter obligation: the production of the actual goods needed to legitimately repay those debts. 

This repayment will ultimately take the form of taxes on men and women, boys and girls not yet even born, at some time in the not-so-distant future. 

Through the processes of government, which is always clever enough to reclassify the terms, these debts will essentially enslave the public into years of labor to afford the taxes to repay the debt accrued by the profligate and tyrannical government their ancestors had previously tolerated or, in other cases, even endorsed. 

Ladies and gentlemen, your sons and daughters, your grandsons and granddaughters, and others yet unborn will inherit this country and the problems you leave to them because you were too timid, too afraid, too indifferent, or too foolish to confront them. 

As Fyodor Dostoevsky, the famed philosopher and critic of Tsarist Russia, wrote in Crime and Punishment in 1866:

"Man has it all in his hands, and it all slips through his fingers from sheer cowardice."

Chances are, cowardice in the present will lead to hopeless ignorance in the future. Future generations are likely to know even less about the history and principles of the founding of the American republic, let alone the time-tested traditions of that bygone era, and they’ll simply assume that your silence or failure to act to preserve them implied acceptance or consent. 

Those future generations, riddled with debt and the incapacity to protect themselves or even raise a family, will be at the mercy of those who govern over them with the uncontested canon of taxation, some new deal, a distorted history and the benefit of your acquiescence. 

Will you leave your children and your grandchildren in this weakened condition to fight the battle you yourself could have waged on their behalf? Will you await some formal invitation or will you take up the mantle and assume your role as the true leader of your family and the proud owner of its legacy? 

There will be no formal invitation to this undertaking, and every family has for their protection only the men who presently lead them. Future generations will invariably look back upon these great men — their fathers and grandfathers — who once led them. 

Will these men be cowards when their families, and their country, call on them to defend them and their posterity? For the sake of freedom, and for the sake of posterity, I surely hope not. 

As revolutionary Thomas Paine proclaimed in his 1775 pamphlet The American Crisis, “If there must be trouble, let it be in my day, that my child may have peace; and this single reflection, well applied, is sufficient to awaken every man to duty.”


Popular posts from this blog

America's Civil War: Not "Civil" and Not About Slavery

Virtually the entirety of South and Central America, as well as European powers Britain, Spain and France, peacefully abolished slavery — without war — in the first sixty years of the nineteenth century.  Why, then, did the United States enter into a bloody war that cost over half of the nation’s wealth, at least 800,000 lives and many hundreds of thousands more in casualties?  The answer: the War Between the States was not about slavery.  It was a war of invasion to further empower the central government and to reject state sovereignty, nullification of unconstitutional laws, and the states’ rights to secession.  It was a war that would cripple the South and witness the federal debt skyrocket from $65 million in 1860 to $2.7 billion in 1865, whose annual interest alone would prove twice as expensive as the entire federal budget from 1860. Likewise, it was a war that would witness a five-fold increase in the number of civilians employed by the federal government, as federal gove

Cullen Roche's Not So "Pragmatic Capitalism"

In his riveting new work Pragmatic Capitalism , Cullen Roche, founder of Orcam Financial Group, a San Diego-based financial firm, sets out to correct the mainstream schools of economic thought, focusing on  Keynesians, Monetarists, and Austrians alike. This new macroeconomic perspective claims to reveal What Every Investor Needs to Know About Money and Finance . Indeed, Roche introduces the layman to various elementary principles of economics and financial markets, revealing in early chapters the failed state of the average hedge fund and mutual fund operators -- who are better car salesmen than financial pundits, Roche writes --  who have fallen victim to the group think phenomenon, spawning the nearly perfect positive correlation to the major indexes, and thus, accounting for tax, inflation, and service adjustments, holistically wiping out any value added by their supposed market insight.  Roche also references popular studies, such as the MckInsey Global Institute's report whi

The Evils of Facebook in the War Against Reason

Facebook is one of the greatest frauds whereby thoughtless friends share or tacitly embrace ideas which, in doing so, adds personal, relatable flair to messages being distributed from largely unknown reporters.  In effect, these friends then subject a wider community to the thought that since their friends are supportive of such ideas, then they ought to carry some merit or authenticity.  Facebook commits a great disservice to communication, serving primarily to subject meaningful dialogue to inherently-binary measures of laudability or contemptibility.  Whereas scientific evaluation serves to extract emotion, Facebook serves to embolden the fallacy-ridden supposition that fact follows fanfare, that truth trails trendiness, and that democratic participation (by way of “likes” or “shares”) can reliably support truth or sustainably produce virtue. What's more, Facebook and other social media sites tend also to further the fallacy that the last breath, or more precisely the f