I began publishing my monthly newsletter The Bob Livingston Letter™ (subscription required) in 1969. The following appeared in the October 2008 issue. Events I predicted then are manifesting themselves today in riots over police abuses and in attacks on supporters of Donald Trump. The rise of Trump – and to a certain extent Bernie Sanders – reflect the growing dissatisfaction the American people have for the political establishment and an increased awareness that the system is rigged for the elites and is collapsing before our eyes. Can anyone honestly disagree that we are closer to revolution and social breakdown now than we were eight years ago?
Revolution and social breakdown along with the collapse of the rule of law is the final and end result of a fiat paper money regime, a regime drunk on money printing. It is in motion now and many are becoming alert. But millions of people are still embarrassingly naive about the most obvious breakdown of the U.S. system.
I think that the future will be better for all who survive, but first we must go through the fire. Can you imagine all the possibilities such as currency controls, a coming value-added tax (VAT), constant debasing of the currency, martial law, food riots and tanks in the streets, holding camps for “terrorists,” rationing of paper money at the banks, food rationing, no Medicare for seniors, and no Social Security except as means tested and no elective surgery?
Believe it or not, millions of dumbed-down people will be sold on the above.
As hyperinflation or depression evolves and millions become destitute, being stripped of their financial security and political illusions, they may begin to think of retribution. By then they are plain sick of arrogant politicians and bureaucrats who have morphed America into chaos and poverty.
By some estimates there are as many as 300,000,000 private firearms in the U.S. and no telling how much ammunition. No matter what attempted firearm controls the system hatches, it will make no significant difference. It is plain too late.
It is anybody’s guess how much the establishment can count on the U.S. military. At first most of it, but time and chaos may change this.
Riots and revolutions are not new to America. Once sufficient anxiety surfaces any small incidental occurrence can trigger hostilities.
Unfortunately, the U.S. is approaching social breakdown and revolution. The trouble is that failed leadership in the U.S. is no different from many failed regimes throughout history. From Caesar and Nero to Hitler and Mussolini they were sure that their tenure would last on and on. U.S. leaders today also believe that they are appointed for life no matter what they do or how much they steal. They are as hooked on “democracy” as little school children. They mistakenly believe that whatever they do, they are immune from public distrust.
It is entirely possible for a politician to become very rich in office and retire on a fat pension. They continually vote lavish pay raises for themselves, while exempting themselves from Social Security and healthcare that they install for the American people.
I dare say that Ron Paul is the only politician in Washington who knows that the U.S. system is collapsing into self-destruction.