Scott Lazarowitz
lewrockwell.com
September 20, 2012
There have been several different predictions and scenarios involving how inflation and austerity measures in the U.S. could bring about food shortages and other shortages, food riots, looting, violent protests, flash mobs, and martial law.
All these things can be prevented, of course, if more people could wake up to the fact that government central planning in money and economic matters is inherently flawed and doomed to failure, societal self-destruction and collapse.
Some people see the recent German court decision to approve German bailouts of irresponsible European governments as a new dictatorship for Germany and a boon for investors. And there are others who see this new scheme as the beginning of runaway hyperinflation in Europe that will spread to the U.S.
Following this decision by the high German court, the U.S. Federal Reserve has announced a new round of quantitative easing (QE3). Some people believe that QE3 will cause more economic instability, and further destruction of the dollar.
Eventually the austerity measures we have been seeing in Europe will reach the U.S.
Austerity measures will hit public employee benefits and pensions, and welfare and Medicare recipients (but not the bloated salaries, benefits and pensions of Congressmen and their beloved bureaucrats).
But it seems that the U.S. government has been pushing hard to get as many people dependent on government as possible. Food stamps spending has more than doubled since Barack Obama became President, although the number of Americans on food stamps almost doubled from 2001 to 2009 during the presidency of George W. Bush as well.
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