Posted on 09/19/2011 5:08:38 AM PDT by TigerLikesRooster
The Coming Collapse: “We Can Buy Time, But We Can’t Change the Outcome”
By Aaron Task | Daily Ticker – Fri, Sep 16, 2011 1:23 PM EDT
The Ayn Rand Institute held its annual "Atlas Shrugged Revolution" dinner Thursday night in New York City.
In attendance were a number of financial luminaries and hedge fund managers, including Peter Schiff of EuroPacific Capital, John Tamny of RealClearMarkets, Dmitry Balyasny of Balyasny Asset Management and Scott Schweighauser of Aurora Investment Management.
The setting was the tony St. Regis Hotel on Fifth Avenue but there was nothing pleasant about the primary message coming from both the speakers and those in attendance: Western civilization is heading for hell and a hand basket, just like Rand predicted in her seminal novel.
In the accompanying video, ARI president Yaron Brook tells Henry why Rand's devotees believe the global economy is "heading for collapse."
In a nutshell, Brook believes politicians and policymakers have "no solutions" for the problems facing the globe.
"The fundamental problem," Brook says, is with the philosophical belief our society has that governments can solve problems and more rules and regulations are the answer to our economic ailments.
Barring "real structural change" to our economic underpinnings toward self-reliance and true laissez-faire capitalism, "we can buy time, but we can't change the outcome," Brook says.
(Excerpt) Read more at finance.yahoo.com ...
I can remember old Union-Lefties I knew blaming Bush41 for not finishing off Saddam as being the reason for 9-11. Oh my how things changed.
It was a matter of days that they tried to make something stick. Rush was right, they were mad about the 2000 election, and it set the tone for the lack of respect for the office for 8 years.
Ayn Rand: most successful enabler of Marxism since Marx.
Would you bet your house on that, or are you content to be an intellectual slave?
Soveriegn debt default and then secession. I may be wrong, but if the U.S. is forced to default on it’s debt obligations, (a giant reset button), it may well provide the impetus needed for many states to opt out of the Union. And no, at that point, I don’t think the stinkin’ Feds will either care to do anything about it nor have the means to do anything about it.
Hey Bill, long time.
Anyway, I think Rand’s idea of regional survival is probably accurate.
However, I also think DC and state governments may very well experience a version of Madame La Guillotine.
At least I hope that if American experiences a sort of French Revolution, it’s relatively localized.
(The powers that be seem to really be pushing for violence. The idiots in charge really don’t understand history and just how fast things can spiral out of control)
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