Becoming a True Democracy

What comes next? I'm not fortune teller but, many of the blue states are broke.. worse then broke, they owe billions.

Obama will assist them and that means Bernanke must keep adding to the money supply.  Raising taxes on rich can't fund the deficit for more than a few months.  Bernanke and the Federal Reserve will continue to expand money supply.

To let a blue State go broke, is not something Obama will be willing to do. So look for MORE debt.. Bernanke right now is buying (with new US$s) $40 Billion a month in "mortgage backed securities" from who? not you or me, but the 1%, making housing prices appear to be recovering. After that, then what?

All the while, Bernanke is keeping interest rates below inflation so there is no chance of saving and building a nest egg.. buying power actually evaporates in our savings accounts.

Obama will be lauded for saving the Blue States and any vestige of our Republic will finally be crushed.  Centrally planned Democracy will result, explained here and the US will be destined to end as Alexander Hamilton, Secretary of Treasury to Washington and author of the Federalist Papers explains: "It has been observed that a pure democracy if it were practicable would be the most perfect government. Experience has proved that no position is more false than this. The ancient democracies in which the people themselves deliberated never possessed one good feature of government. Their very character was tyranny; their figure deformity."... and other founders back this up:

"Democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide."

~ John Adams, 2nd President of the United States

 

"Democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security or the rights of property; and have in general been as short in their lives as they have been violent in their death."

 

~ James Madison, 4th President of the United States, Father of the Constitution

 

"The experience of all former ages had shown that of all human governments, democracy was the most unstable, fluctuating and short-lived."

 

~ John Quincy Adams, 6th President of the United States

"Between a balanced republic and a democracy, the difference is like that between order and chaos."

~ John Marshall, Chief Justice of the Supreme Court, 1801-1835