Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Breaking News
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • The Final Richard C. Young’s Intelligence Report
  • Home
  • The American Conservative
  • The Swiss Way
  • Investing
  • Cato Institute
  • Dick Young
  • Debbie Young
  • Why We’re Different
  • About Us
    • Contributors
    • Why We’re Different
  • Key West
  • Paris
  • Liberty & Freedom Map
  • Weapons Systems
  • Your Survival Guy
  • Your Health
  • Justin Logan

“Panacea for a Mismanaged Nation”

August 16, 2016 By Richard C. Young

Piles of new bank notes awaiting distribution at the Reichsbank during the hyperinflation

Pat Buchanan, writing at The American Conservative, lays out the road map ahead for America:

Ernest Hemingway reminded us of how nations escape quagmires of debt: “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”

“Debauching the currency,” Lenin’s depiction, is the way we will probably destroy the debt monster.

Hemingway’s second option, war, appears to be the preferred option of the war chiefs of the Beltway’s think-tank archipelago, who see in any Putin move in the Baltic or Black Sea casus belli.

What our Cold War leaders kept ever in mind, and our War Party scribblers never learned, is the lesson British historian A. J. P. Taylor discovered from studying the Thirty Years War of 1914-1945:

“Though the object of being a Great Power is to be able to fight a Great War, the only way of remaining a Great Power is not to fight one.”

Another existential threat,… is the Third-Worldization of the West.

The threat emanates from two factors: The demographic death of the native-born of all Western nations by century’s end, given their fertility rates, and the seemingly endless invasion of the West from Latin America, Africa, Asia and the Middle East.

Suicide of a Superpower: Pat Buchanan on the Death of Western Civilization

The following two tabs change content below.
  • Bio
  • Latest Posts

Richard C. Young

Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.

Latest posts by Richard C. Young (see all)

  • Rand Paul Disappointing on Pompeo Confirmation Reversal - April 25, 2018
  • Remembering the Traveling Wilburys – Inside Out - April 25, 2018
  • Chris Preble: Empower Mature, Like-Minded States - April 24, 2018

Related Posts

Our Most Popular Posts

  • Everyone Has Stopped Talking about Bolton. Now It Gets Dangerous.
  • Senate Must Not Confirm Anti-Iran-Deal Pompeo
  • Your Retirement: The Van Life
  • How Barbara Bush Brought Down the House at Wellesley College
  • Survival States: The Best States for Survivalists
  • Trump Could “Astonish the World”
  • One Standard for the Public, Another for the FBI?
  • The Poetic Outing of Sean Hannity Politically Motivated
  • Chris Preble: Empower Mature, Like-Minded States
  • Syria’s Four Fronts and a Perfect Storm of Chaos

RSS Youngresearch.com

  • Your Retirement Life: Cost of Living Higher in These States Part I
  • Bonds Break Through 3%
  • Electric Buses: ‘Everyone Has One’
  • The Rise of the Robot Bond Trader?
  • Your Retirement Life: Enjoy Monet like a Rockefeller
  • Billionaire Says Amazon Won’t Enter Drug Business
  • Is Solar and Storage Competitive with Gas Peakers in Minnesota?
  • Is a 30% Correction Coming for US Stocks?
  • $50 Lobster Roll?
  • Can Mnuchin Hammer Out a China Trade Deal?
Rand Paul Disappointing on Pompeo Confirmation Reversal

Rand Paul Disappointing on Pompeo Confirmation Reversal

Elizabeth Warren, a Faux Indian, Challenged by a Real Indian

Elizabeth Warren, a Faux Indian, Challenged by a Real Indian

Your Retirement Life: Cost of Living Higher in These States Part I

Your Retirement Life: Cost of Living Higher in These States Part I

U.S. Navy’s Zumwalt-Class Destroyers Have a New Role

U.S. Navy’s Zumwalt-Class Destroyers Have a New Role

Remembering the Traveling Wilburys – Inside Out

Remembering the Traveling Wilburys – Inside Out

Macron: France wants to work on ‘new deal’ on Iran

Macron: France wants to work on ‘new deal’ on Iran

Copyright © 2018 | Terms & Conditions | About Us | Dick Young | Archives