I think the issues all come down to a matter of perception. I won't deny that any of the points you're making could possibly be true. The U.S. could be going to shit in a hurry. Things like universal healthcare, fiat currencies, and welfare certainly could destroy our economy. The only certainty that exists in life is uncertainty. There are no road maps on how to make a perfect government.
Could Obamacare fail? Sure it could. But, the whole point is to figure out what works. It's an overstatement to say universal healthcare is bankrupting all other countries as some countries are doing fine with it.
No they're not, unless you think reduced quality of care is winning, which is the opposite of what Obamancare was suppoosed to be. http://www.forbes.com/sites/sallypip...-going-away-3/ But I'm openminded, please show me where they are. Nothing is perfect so Of course there are problems that need to be dealt with, but that is the same with anything. Before Obamacare, insurance companies sold insurance that could be revoked if you all of a sudden find yourself with a serious illness. If you paid for health insurance, shouldn't you have health insurance if you need it?
Of course you should. That problem doesn't have a market based solution.
Yes the market had a solution. All insurance is regulated, so it would have been much simpler to insert a legal requirement that if you sell insurance and that premium is paid as it should be, you can't revoke a person's policy or coverage if they become ill. The Dems kept that from you because it was part of the Republican/Conservative plan. There was no need to destroy the current system when all it needed was tweaking. Would you throw away good car because a tire needed to be plugged? If Obamacare fails in it's goals that's fine, we go back to the drawing board.
There won't be a "back to the drawing board", it will be single payer and government controlled at point, which is the intended purpose.
Income is stagnant. So what? Nothing goes up forever. Things ebb and flow, sometimes for longer than we'd like. Could it mean we are on the verge of collapse? Sure it could. More likely it means that we are not in a period of explosive growth. It doesn't happen all the time. We are well passed the beginning of the industrial revolution and dot com isn't as exciting anymore. Eventually someone will come up with the next big thing, but it takes time. We are very fortunate to have existed thru such expansive boom times.
Income is actually going down while inflation keeps going up, the debt keeps going up, etc. So you are getting much less for your money.
Fiat currency. I would argue that gold is also a fiat currency.
Then explain why countries and elitist are hoarding up as much gold as they can? Explain why oil producing regimes (Gaddafi, Hussein, etc) who have tried to be paid in gold or Euros for their oil instead of the US dollar have been taken out one by one? True story, look it up. If the economy collapes, you can't eat, drink, or wipe your ass with gold, so it's no better than paper from that angle.
True, but gold will follow the enourmous inflation that will hit when it does collapse. So lets say that an ounce of gold shoots up in value 200% because of a collapse, that would also equate to the dollar going down in value 200%. Now who do think think has a better shot at affording that loaf of bread. the guy who needs $400 in US currency or they guy who has the gold that followed the upswing in cost? But, let's look at it from the side of it being a deflationary currency. The only way to grow wealth with a deflationary currency is for it to grow in value. This is the best example I can think of at this moment. If your work pays you with a deflationary currency such as gold, as it's value goes up, you will receive smaller and smaller pieces of gold for the same work. Lets say you buy a house for 100 ounces of gold. 100 Ounces of gold in 2020 could conceivably have the same value as 50 ounces in 2050. If you have to pay back the 100 ounces of gold in 2050, you will be paying a shitload more than the value of the loan plus interest.
But it's not based on the volume of gold, its based on the value. If you only paid back actual value to the lender, they would have been better of just keeping their money. Could fiat currencies be the death of our economy? Maybe, but not necessarily. Everything comes with it's own set of problems.
I could go on but you probably get my point by now.
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