Political Pistachio

Blog Home of the Writer and AM and FM Radio Host, Douglas V. Gibbs.
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Thursday, February 21, 2013

Bulgaria the Next Domino to Fall in Europe

By Douglas V. Gibbs

Liberal economic policies are impossible to sustain.  They may work for a while, but eventually the math of it all catches up, and the system collapses.  In Europe, where policies of government dependence have reigned supreme, the countries one by one are running into severe economic difficulties.  Riots have erupted in Bulgaria, and amid the turmoil, and the collapsing financial practices throughout Europe, the government in Bulgaria has resigned.

The riots are the result of austerity measures taken in an attempt to save the country.  Recognizing that they can't afford to take care of the people in the manner they have been, programs are being pulled back, reduced, and in some cases done away with, in the hopes of saving the nation's economy.  The people, heavily dependent upon the government, believing they are entitled to the programs, and caring more about their immediate needs than the reality that the government just can't afford to do it anymore, have taken to the streets to destroy their society.

There just isn't enough money to pay for everything liberalism demands.

The Founding Fathers agreed, putting into place a system of a free market where the businessman and worker were able to keep more of what they earned, without punitive taxation, or heavy government regulations.

Alexander Hamilton's Federalists disagreed, supporting the concepts of implied powers (so that they may treat the Constitution as if it was a living document that could sway like a reed in the wind), a high government debt, high taxation, government spending, a flood of paper money, and privileged bank monopolies that took advantage of the policies of mercantilism.  Jefferson was disillusioned by these practices, and had concluded that even his beloved Democratic-Republican Party had actually adopted the economic policies of the despised Hamiltonian federalists.

Former President John Adams, though a Federalist, held banking views similar to Jefferson's.  Adams once said, ". . . banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation, than they … ever will do good.  Our whole banking system, I ever abhorred, I continue to abhor, and shall die abhorring … every bank of discount, every bank by which interest is to be paid or profit of any kind made by the deponent, is downright corruption."

In part, it is the massive international bankers that benefit from the massive government debt that is toppling governments, like Bulgaria's, because they encourage the failed policies of liberalism, and encourage the massive debt, because for their own pockets and power, struggling governments are the best thing.

President Barack Obama is chasing similar policies that has brought down Europe, and these liberal policies, fueled by propaganda of class warfare, accusations of racism, and rising government dependency, will ultimately bring the United States to the point of collapse that the European nations face now.

The world is preparing for collapse because it chases policies that brought down other mighty empires. . . like the Union of Soviet Socialist Republics.

-- Political Pistachio Conservative News and Commentary

Bulgarian Government Resigns Amid Growing Protests - Yahoo! News

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