Remember the Seinfeld episode, where George Costanza (unemployed, broke, no girlfriend, living at home) comes to the realization that everything that he has ever done in his life, has been wrong -- and that his only chance of success is therefore to do "the opposite" of whatever he would normally do?
In the Seinfeld episode, the theory is put to test, and it works. George soon meets an attractive girl, gets a job interview for an executive position with The New York Yankees, confronts George Steinbrenner, gets his dream job, and completely turns his whole life around.
Well, what if everything that our government has been doing for the past 45 years has also been wrong? Everything from the whole myth of "trickle down" economics, to the current unsightly kowtowing to Banking/Wall Street scoundrels and criminal shakedown of American taxpayers, to the supposed virtues of easy loans, to our self-destructive acceptence of excessive Militarism, Occupations, War-Profiteering, and Mass-Violence against other Nations (regardless of which Party is in power). Shouldn't we then do the opposite?
Economics 101:
Back in 2005, 2006, 2007, only one Economist predicted the total and complete meltdown of the real estate market, the mortgage industry, the entire Financial Sector, the US Stock market overall, the upcoming depression rivaling the 1930s, $1000/oz gold, and the rapid decline of the U.S. Dollar.
Economist Peter Schiff was saying all these things at a time when all the other leading Economists were just laughing at him, mocking him, calling him "crazy", or just ignoring him.
But he was the one Economist (only one) who actually understood what was really going on in the Country, and understood exactly and specifically what was going to happen next. Nobody listened to him back then. I wonder who is listening to him now?
Peter Schiff's recommendation is that we do "the opposite" of everything we are continually told over and over again by all the so-called "experts", who got it all wrong to begin with (a lesson that we could also apply to our corrupt Foreign Policy, and our government's criminal and bankrupt delusions of Military-Oil Hegemony, as well).
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The answer is not having more easy credit, more borrowing, the Bailing out of crooked Wall Street Banks (with the public's money?), or consuming more imported goods. We can never borrow and consume our way to prosperity. This is only a myth that, in fact, creates the dangerous bubbles which then will inevitably collapse and cause the real economic hardship and dislocation.
The solution is found only in letting these crooked companies fail (or let them be saved solely by private investments), the natural liquidation of bad debt, rebuilding real savings and real capital again, and recreating the exiled American Manufacturing Base once again, and actually producing products in this Country again. This is the true engine of economic growth and wealth -- not the phony illusions of compounded borrowing, pyramiding-Debt, phony "what me worry" consumerism, and Banking shakedowns and hording/malinvestment of public funds.
"Yes, I Will Do The Opposite!"