Geopolitical commentator John Batchelor explains to Simon Constable of Dow Jones Newswires why speculation about a U.S. breakup is wrong, but that America is still a country in decline. (Jan. 5)

1/5/2009

Category: Economy, Markets, Politics, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “The End of an Empire?”

  1. Bruce N Tennessee says:

    There are things Obama could do to stop what appears to me to be a decline also…

    1 Balanced budget amendment…I know, I know….first we have to create a debt so massive we can’t ever pay it off..

    2 Stop COLA’s….one of the dumbest economic ideas ever invented…

    3 If we are to keep Social Security…each individual contributes to his own account..it CANNOT be forward loaded.

    4 Wars must be declared by Congress. Before any troops are deployed. Formally.

    5 The United States must pay more attention to its own natural abundance. I would increase the tax on imported oil. The boom and bust cycle of alternative energy sources, dependent entirely on the cost of imported energy is schizophrenic. Somebody get The Big Picture, or at least The Longterm Picture.

    6 Someone, somehow take the popgun of massive changes in rates and money supply away from the fed. Up and down, we try to invest based on the teeter-tooter of some out of touch fed chairman. Rates at 0%? Puleaseeeeeeeeee…in trying to keep bankrupt investment banks going, we are impoverishing the elderly…on fixed rate returns on their money. Who makes the decision that the elderly should suffer more than the IB’s? Is there ever a real reason for ZIRP?

    7 Lobbyists not only should be registered, but changes need to occur. Some ideas…contact by a lobbyist to a congressman has to be reported every quarter and is public record. Lobbyists should be very limited in number and should pay dearly for the right to be a lobbyist. No former official of the federal government should be allowed to be a lobbyist.

    8 Term limits for congressmen.

    9 Cut tax rates on fixed income investment to encourage saving.

    10 I’d greatly increase taxes on Tobacco so that the entire business ended. Most all long term smokers rue the day they started, and it is a massive drain on the health care sector.

  2. constantnormal says:

    Bruce, regarding #3, how long a period do you see it required to transition to this?

    Or will you simply cut off the boomers at the knees, and tell them they have their IRAs and 401Ks to fall back on?

    The boomer demographic bubble (there’s always a bubble in there somewhere) is what’s broken the Social Security Ponzi scheme, being unable to tax the smaller working population sufficiently to pay the promises made to the boomers and their parents. No young working person today expects to ever receive a dime from Social Security. When they reach the age where they are able to wrest control of the gummint from the elderly (who will be, if the projections are correct, expiring in droves from Alzheimers and other forms of senile dementia), they WILL shut the thing down, and prolly implement soylent green to deal with the problem of too many mindless elderly (just to reassure folks that I’m not being overly harsh, that will prolly be me).

    If we had managed a better return on the Social Security trust over the past half-century (instead of making it the private piggy bank of the federal government, selling low-yield Treasuries instead of having some group of bond funds manage the trust on a rotating basis, aiming for maximum returns), then we could have put off the day of reckoning until the boomer bubble was less of a factor.

    Too late for that now.

    I love your #7 and #8, but you’d better cut back on the drugs — they’re beginning to make you sound silly.

  3. Purple Polka-Dotted Swan says:

    This is crap, not worthy of a link. “London is thumbs up!” What does it mean to “win a country”? This guy’s as big a bozo as the KGB clown and his vision of an American break-up. Big Picture usually highlights much better stuff than this junk.

  4. constantnormal says:

    Let me amend your #7:

    7 Lobbyists not only should be registered, but changes need to occur. Some ideas…contact by a lobbyist to a congressman has to be reported every quarter and is public record. Lobbyists should be very limited in number and should pay dearly for the right to be a lobbyist. No former official of the federal government or any of their family members should be allowed to be a lobbyist.

  5. constantnormal says:

    11) No person who has a parent/aunt/uncle who has ever served in any elected office of the federal government shall be eligible to serve in any elected office of the federal government.

    That should put an end to the political dynasties.

    Bruce, I think we could work together and write an improved Constitution.

  6. Bruce in Tn says:

    Constant:

    You know, some of these blog ideas get noticed.. we may make it yet..

  7. schmoo says:

    Batchelor’s old radio show (the one that was national) used to be invaluable as it was before the dawn of New Media as the dominant news source.

    However, nowadays – if you have the slightest idea how to use a blog reader (like reader.google.com) – the show is simply dated blogosphere information presented as “new”.

    In our New Media age we no longer need the old “Old Media” human aggregaters like JB.