Finally with Barack Obama taking oath in his Inauguration ceremony, America has stepped into a new age of Socialism. The economic liberties of people have lost, the economy destroyed by the modern day alchemists(the Federal Reserve) by creating more and more counterfeit money. George W Bush laid the ground work for Socialism, and Chairman Obama will now rule the land of of the free and home of the brave with the red flag of Socialism.

People may say why am I accusing of America going towards Socialism? Sure there is no bloodshed, sure there is no ‘massive’ redistribution of wealth, sure there is no murders of ‘evil Capitalists’(all the signs of a Socialist Revolution), but American Economy is now as clueless about Economic calculation and planning as any socialist economy.

In the various myths about Socialism, most people think that Socialism ‘works perfectly on paper’, but it has no practical value. Well the truth is Socialism does not even work on paper. If I were to list the reasons why we must say no to Socialism, ‘no incentive to people’ would come as 6th reason, and ‘cannot work in practicality’ would come as 7th reason.

Reason no 1 would be of course there is no economic calculation possible in Socialism. You cannot do rational allocation of resources without economic calculation. That makes Socialism theoretically impossible to work.

American economy with govt counterfeiting of money also faces the same problem, you cannot perform rational economic calculation based on false information received by the Market. Because of that rational allocation of resources is not possible.

Obama said this in his speech today:

We remain the most prosperous, powerful nation on Earth. Our workers are no less productive than when this crisis began. Our minds are no less inventive, our goods and services no less needed than they were last week or last month or last year. Our capacity remains undiminished.

Obama is right, American workers are no less productive or less inventive than when this crisis began, their goods are no less needed than it were last week or last month, but what has changed then?
What has changed is our ability to determine what should we do, and how should we do things. The only way you would know that information was through prices, but the dollar has been created into this bubble when it gives all sorts of false information about profit and loss of any business. The dollar bubble has busted, and Federal Reserve is gearing up again to inflate it again, creating a new bubble.

All sorts of theories are floating in on why this meltdown happened, but nobody would even remotely consider the most logical possibility of fiat currency system failing the economy.

Obama has stepped in, and now my worst fears are going to come in true.
George W Bush will be portrayed as the Herbert Hoover of 21st century, who did nothing to save the economy.
Barack Obama will become the new Franklin D Roosevelt, bringing his plans of “New Deal” of more massive govt spending, destruction of life, liberty and property in the name of “bitter medicine to save Capitalism”.

History will be written as “President Barack Obama’s New Deal saved America and Capitalism, by increasing the role of the government in the times of crises and rectifying free markets”.

FDR’s New Deal gave birth to the largest Organized Crime syndicates of all times. Reason was simple, you ban economic activities, then outlaws will start doing those things. New Deal gave us 95% income tax to anyone making more than $250,000 per year. New Deal brought America as close to dictatorship as possible.

With Barack Obama, America sure wouldn’t change its name to United Socialist States of America, but the chaos resulting would be quite similar to what would be in a parallel universe where America did became Socialist with a Socialist worker’s revolution.

Here is my tribute to Chairman Barack Obama:

The west is red, the sun is setting.
America has brought forth a Barack Obama,
He amasses fortune for the people,
Hurrah, he is the people’s great savior.

Chairman Obama loves the people,
He is our guide,
To build a new America,
Hurrah, he leads us forward!

The Democratic Party is like the sun,
Wherever it shines, it is bright.
Wherever there is a Democratic Party,
Hurrah, there the people are liberated!

Inspiration: The East is Red