In this short article I will try to answer this question: Is it possible for Georgia to exist independent of the United States? First we will look at what seems to be on everyone's mind, that is, the economic meltdown. Then we will look at the political question wrapped around the moral question of size and scale. Then a brief look at our culture. And I'll wrap up with a look at what Georgia would lose if we left the Union.
For those of us who pay attention to the world around us it is obvious that our current economic situation is unsustainable. We don't have to look far to see economic disaster. The housing bubble along with its many gambling schemes, the unemployment rate which is probably at 20%; not the questionable figures announced daily by the official propaganda ministries of the Corrupt Washington government. Take a trip to the grocery store and look at the pricing of basic everyday foods. Have these prices increased over the last year? Why? Because the volume of money in circulation has increased. Inflation of the money supply causes each dollar to be worth less. So, it takes more money to buy a particular product.
Professor Lawrence Kotlikoff, a mainstream economist from Boston University, wrote an article for St. Louis Federal Reserve bank journal in 2006, July/August issue, entitled "Is the U.S. Bankrupt?" He does a lot of complicated economic analysis but reaches the conclusion that we are $65 trillion in the hole. He has since advanced that number, in some of his recent estimations, to $202 trillion because of the newer spending schemes the Corrupt Washington government has cooked up since then. He goes into what we'll call the Kotlikoff plan in the second half of his article.
Basically what he says is that we would have to savagely cut entitlements and spending and institute a 33% national sales tax (on top of everything we pay now). And then over a long period of time (50 – 75 years) we "might" be able to regain some semblance of control over this system. Then he says this will never happen. Congress and the people would not have the will power to make it happen.
Buried in a couple of paragraphs in the middle of the article he states what he thinks will happen--hyperinflation. The general government will try to print its way out of this massive hole. They are currently practicing some more "quantitative easing" (that's Bernanke speak for printing more money). The devaluation of the currency continues unabated. The value of the dollar is 5% of what it was in 1913 when the Federal Reserve System was established. That equates to "95% of the value of your labor (your time) being stolen by this "Corrupt Government" we call the United States government.
Let's look at some of Georgia's basic economic figures.
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