Looming Financial Crisis

Well looking at financial news lately its pretty doom and gloom. The value of the dollar is way down. Of course that will happen with fiat currency since there is nothing backing the dollar. Gold is way up right now. Gee would have been nice to stay on that gold standard that the government took us off. The Price of Oil is also way up. Would have been good to be having drilling on our own soil right now also.

All of these problems have been caused by government. As a libertarian its easy for me to see how the government interferring in things makes bad things happen. The value of a dollar is basically worthless if looked at for what it really is a bit of ink and wood and cotton fibers. Money should be backed by something precious to make it have real value or should be scarce. Our money is backed by only a promise and its not scarce since the fed just keeps turning on the printing presses. This means the dollar is worth nothing.

There is a large segment of the population going "hey why are we not drilling for oil on our own land?". This is because the government will not allow it because of environmental groups lobbing to keep this from happening. One of the main problems in this is because the land that people want to drill on is government land. Real easy solution to this the government needs to sell off their land holdings then this is not an issue. If the company or person that buys the land and they pollute the land well its their issue to deal with. Private individuals usually don't want polluted land because it makes it really hard to sell at all. Before someone tries to say that we need to bring polluters under control I have to say this as soon as the number 1 polluter in the land is brought under control then we can talk. BTW its the US Government they don't even bother to follow their own regulations.

I don't want to be doom and gloom but I will be real unless something is done quickly we do face a large crisis. We may be facing another depression. This would be bad but in fact could have some benefits. Benefit one could be a fact that people finally see that our money needs to be something real not a promise. Benefit two could be that maybe people will start to see the government is causing these problems by trying to control the free market. Benefit three people begin to do for themselves because the government will be incapable of doing anything for them. People will want the government to do things but usually when this happens it only worsens the problem. The world if facing a potential crisis but one that can be averted if government will get out of the way.

I see that after a crisis like this people will be better off. The years will be hard but hopefully these hardships will make people stronger.