Saturday, February 2, 2013

Jefferson on economy & debt

It appears that Jefferson knew better from the start.  Welcome to the new normal of entropy.

I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.

Thomas Jefferson

I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

Thomas Jefferson

The continued recession will likely get worse.  Despite the manipulated numbers published every month/quarter, we have had a negative REAL GDP since 2004.  Recommend appropriate preparation.  What would you do if it collapsed tomorrow?  Better prepare 10 years too early than one day too late.

#1 The mainstream media was absolutely shocked when it was announced that U.S. GDP actually contracted at an annual rate of 0.1 percent during the fourth quarter of 2012.  This was the first contraction that the official numbers have shown in more than three years.  But of course the truth is that the official numbers always make things appear better than they really are.  According to John Williams of, U.S. GDP growth has actually been continuously negative all the way back to 2005 once you account "for distortions in government inflation usage and methodological changes that have resulted in a built-in upside bias to official reporting."

Get Prepared for 2013

To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.

Thomas Jefferson

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You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant.

Harlan Ellison