They spend all this money without anyone even mentioning tax raises or cutting programs to pay for this all. Their only other options are to borrow money or print more dollars.

Since they can’t borrow from U.S. banks (since they need to bail them out), they have to borrow from overseas. Whether they print the money or borrow it, they will devalue the dollars, and seven trillion worth will certainly have a big impact on the value of the dollar.

We don’t have any money to do all this, yet people seem to believe the U.S. government is made of money…

Anyways, great article, and a good catch on Bloomberg.

Only a rights-based approach will work. This is has been rejected by everyone in the United States, because the scrutiny regime has worked its propagandistic magic over the past sixty years. Result? We are in for a revolution in the U.S. when the economy completely collapses.

And it will all be because the political system refuses to do something as modest as raising the level of scrutiny for housing above minimum scrutiny. It is currently at “minimum scrutiny” courtesy of the lousy lawyers who argued Lindsey v. Normet. This is the reason nothing can be done about the collapse of housing in the U.S.: individuals have no rights with which to defend themselves against evictions.

There are three levels of scrutiny, which progressively put more restraints on the political systems power over the facts: minimum, intermediate and strict. I have suggest that housing be raised–not even to intermediate scrutiny–but simply to “direct” scrutiny (a level I discuss on page 15 of my book The Eminent Domain Revolt–the book is searchable at Amazon.com).

But no. Not even the SLIGHTEST increase in housing rights. This shows the obstinacy of the American political system–its greed, corruption and police state nature.

Posterity will judge America to have been INSANE to refuse, at this point, to grant this small increase in housing rights in order to prevent the collapse of the economy.

But your readers need to know that America has past the point of insanity. You’re looking at Tsarist Russia in 1916–a society whose political system is in the throes of collapse, based on the complete collapse of its economy.

The best we can hope for is to not wind up with a dictator.