How sad for all of America.
What a sad day for the America we knew. The greatest experiment in individual freedom in the history of the world is gone forever. The 40% of non-white Americans and a large portion of the remaining white women are now only concerned about what is good for them. There is no understanding of and no regard for how to pay for the overwhelming costs of their rampant “me”ism. There is no thought of what will sustain the country. What they thought they voted for will begin to fail within months.
This election was about a rising tide of immigrants and takers who foolishly believe that government is a solution and “owes” them something. Millennia of experiments in government have proven government is not the solution… it is the problem. A lesson we no longer teach in school.
Sadly the takers of America now outnumber the makers. Under 1% of the people under 30 have ever served, under arms, in defense of the principles of this nation. The other 99% have nothing invested in its principles and therefore have nothing to lose with its demise. Future elections will hinge solely on whose vote the government has purchased, with other people’s money, over the past term of government. This is the signal America has sent its government. The people that remain are blindly trading their individual freedoms for government handouts and there will be no solution except the fiscal bankruptcy of America. Yesterday proved it to be morally bankrupt already.
With current energy policy auto fuel will soon be permanently over $6.00/gal and private aviation will end within 2 years. The cost of electricity and home heating oil will see similar rises. The discretionary cash you will have will be halved within two years and depleted within four years. Your savings funds will seemingly grow by 1%/yr but what they will buy will be cut by 20%/yr.
Within 16 months availability of medical care will be similar to Canada’s 6 month wait for elective surgeries. Because reimbursement for medical care will continue to shrink and be further delayed, fewer and fewer of our brightest minds will elect medicine as their life’s work. In Jan of 2014 virtually all physicians will be employees of the federal government and people who have worked that hard for their knowledge will simply quit and apply their brain power elsewhere to a more profitable end. How long will it be before the federal government comes after your industry?
Sadly those Americans who voted to stay the existing course cannot understand the ramifications of their decision. USA treasury yields dropped to the bottom after yesterday’s reelection of Obama. Last night billions of dollars of business investment money left our economy for countries where the business environment is more conducive to growth. Todays currency markets will reflect that with mild strengthening of the dollar. In a few days the adjustment will have been made and the dollar will begin to weaken making everything we buy more expensive.
Investment dollars will leave industry and the jobs it would have created. Like the Philippines and Greece and other third world nations, you will soon see our country pass laws which prevent the externalization of capital. Businessmen will have moved their assets long before those laws take effect. The dollar will then fail precipitously on the world currency markets. Within this administration the USA will soon loose it’s AAA credit rating. The cost to support our debt will become untenable. The dollar will stop being the world’s currency and the BRIC nations will take over that function. Within two years the explosion of inflation, which we already see, will continue unabated until a loaf of bread is over $5.00.
I could go on but I will end with the adage my father recited to me often. “Experience teaches a dear school but a fool can learn in no other.” The people who most need to read this letter will never get to this sentence.
Whatever you thought of as your America it was voted out of existence last night.
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