Wednesday, January 18, 2012

THE COLLAPSE OF THE SECOND AMERICAN REPUBLIC IN 2012


The First Republic under the Articles of Confederation: 1776 to 1789.

The Second Republic under the U.S. Constitution: 1789 to 2012.

The Third Republic...?

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The U.S. is on a Suicide Watch ... Alan Caruba

By Alan Caruba

In 1991, the Soviet Union, arguably the greatest experiment in Communism, collapsed. After Mao Zedong died in 1976, his successors moved to shift its Communist economy to one that embraced Capitalism while retaining centralized government control.

Following World War Two, the recovering nations of Europe were rescued from Communism by the Marshall Plan, but adopted Communism-Light in the form of Socialism. The U.S. was already headed in that direction, creating programs that we now call “entitlements.” For most of the nation’s history, such “entitlements” did not exist.

What binds together the financial problems of the West is the common thread of infantile behavior and thought. One might call it wishful thinking. Instead of encouraging people to provide for old age and possible illness, politicians decided to turn government into Big Daddy, the eternal source of money for everything.

READ MORE AT WARNING SIGNS

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