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How You Can Survive a Delusionary Economy

By Denis Kleinfeld
Monday, 15 Aug 2011 08:19 AM Current | Bio | Archive

Sitting around the local deli, having a bagel and coffee with the rest of the regulars, there is a mix of opinions on the economy and politics.

Lots of delusional opinions and very little reality.

Most, it seems to me, are merely sticking their head in the sand. Forgetting, of course, that by doing so, their rear-end is now an exposed target.

President Barack Obama is quite the topic. Some, (I think mostly the ones who have scooped bagels) are unswayable supporters who steadfastly still believe that Obama has all the answers but he has been thwarted by radical Tea Party extremists.

They can't seem to accept that Obama does want to radically transform the economy. And that the Tea Movement arose out of the frustration of 40 million people with his mishandling the economy after the last president mishandled the economy. Enough is enough.

In Washington, this is all viewed as everyday acceptable politics as usual. In the rest of America, this should be seen for what it is. That is a swindle.

Anyone believing in this business-as-usual is merely self-deluding. A figment of the imagination. Government doesn't create anything except expense, debt and the illusion that government is only there to serve the will of the American People.

And Congress, the president, lobbyists, Wall Street, Unions, the Poverty Industry, and all those others who live on the government’s largesse want this phantasmagorical show to continue forever.

What does it take to survive in this delusional economic environment?

Understand that you are being lied to by the very people you think are working so hard in your best interests. They're not.

What you need to do is recognize the process of how politically induced economic disinformation works. Sure it is politically incorrect and unfashionable to criticize anyone about anything. How has that been working for you?

The political establishment and the vested interests that support them are counting on you to be apathetic. They are counting on you to forget the reality of the past in favor of the promise of a future paradise. But it is a fool's paradise.

I recall reading a book by Robert Beckman many years ago which stated that there are two ways to become poorer and two ways to become richer.
You become poorer when your income goes down or when your income goes up but it buys less.

You become richer when your income goes up or when your income goes down but buys more.

Right now the economy — that is, the private economy — of the United States is experiencing both a lowering income and a diminishing value of the dollar.

Realize that this down economy won’t recover anytime soon. The tax system alone almost guarantees this consequence. No one except the Tea Movement has any desire to make any change. That's why we are stuck with a Committee of 12 who will act as some sort of socialist politburo. Don't accept this.

It seems to me that it is intentional that the president claims he is doing all he can to encourage small business, but his administration is issuing regulations at an ever increasing rate with the obvious goal of stifling any possible economic recovery.

Then there is the NRLB which is intent on making sure jobs go overseas. And the EPA, whose major purpose has become to make the U.S. not only more energy dependent on foreign sources but also increasingly energy deficient.

As Beckman pointed out in his book, "No one is likely to care much about your future as you do. After all, you're going to spend the rest of your life there."

What are the next action steps for you to take? First, is to take every opportunity to protect your assets and sources of income. Second, legally limit your exposure to tax. Third, this is the time to get involved politically and let your voice, however small it may be, to be heard.

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Kleinfeld
Sitting around the local deli, having a bagel and coffee with the rest of the regulars, there is a mix of opinions on the economy and politics. Lots of delusional opinions and very little reality. Most, it seems to me, are merely sticking their head in the sand....
kleinfeld,Delusionary,Economy,us
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2011-19-15
 

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