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We reap what we sow in
life - both on the individual level and corporate/national level.
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The little-known
Austrian economic model is the best economic model (see also Austrian
School of Economics). According to Ron Paul, Austrian free-market economists use
the following common sense principles:
You cannot spend your way out of a recession.
You cannot regulate the economy into oblivion and expect it to function.
You cannot tax people and businesses to the point of near slavery and expect them to keep producing.
You cannot create an abundance of money out of thin air without making all that paper worthless.
The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever.
You cannot live beyond your means indefinitely.
The economy must actually produce something others are willing to buy.
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Most other models of
economics (including the Keynesian model) are flawed, because:
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They encourage
deficit spending so as to stimulate the economy.
The rich rules over the poor, and the
borrower is servant to the lender. (Proverbs 22:7
NKJV)
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They encourage people
and governments to pass on debt
rather than wealth to the next generation.
A good man leaves an inheritance to his
children's children. (Pr. 13:22a NKJV)
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They encourages people
and governments to become wicked.
The wicked
borrows and does not repay, but the righteous shows mercy and
gives. (Psalm 37:21 NKJV)
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They promote
dishonest money and stealing of wealth through the printing of fiat
currency
Dishonest scales are an abomination to the Lord, but a just
weight is His delight. (Proverbs 11:1)
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Commodities have good
fundamentals and are in the middle of a 15-20 year bull market
worldwide.
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Stocks and the US
dollar are in the middle of a 15-20 year bear market worldwide.
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Wall Street naturally
dislikes commodities, since it competes with them, so it tends to
belittle them.
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The US dollar has been
devalued so much due the excessive printing of paper not based on
gold or silver, that unless a drastic reversal is enacted, it will
be replaced at some point.
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Most mainstream media
is controlled by elite bankers, who don't want the masses to know
what's really going on.
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Central bankers hate
gold and silver, because these expose the fraud of their fiat
money.
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The best financial
advice is from older men who care about small investors, who are not receiving commissions and who
have a good track record for at least 10 years.
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