Many people realize that they are not getting the full truth about the economic collapse from the controlled corporate media. And that’s why they are searching the internet for answers, where there is a much wider range of thought and reporting on the economy. But the media are not the only ones trying to keep Americans in the dark about the potential for an economic collapse in 2011. This article could just have as easily been titled Economic Collapse 2011: What the Government Won’t Tell You.
However, what has really happened is that both the mainstream media and the government have been infiltrated and taken over by international banks and mega-corporations. And that is why you basically see the media acting as a propaganda mouthpiece for the government. They work as one to promote an agenda that is completely at odds with the interests of middle class Americans.
Something the media routinely omits from their reporting on the economy is the role of the Federal Reserve in creating the conditions for an economic collapse in 2011. For instance, you will never hear the truth that the Fed is a cartel of private banks that has been given monopoly privileges over the supply of money and credit in the economy. In a free market economy we’re supposed to be against government sanctioned monopolies, right? Yet when it comes to money, which makes up one half of every transaction in the economy, a central bank manipulating the supply and demand of money, and therefore interests rates, is acceptable and even a desirable part a free market capitalist system. Nevermind that setting up a central bank and administering a heavy progressive income tax are both planks of the Communist Manifesto. No, citizen, this is capitalism. Of course since most people are still under the delusion that America has a capitalist economy, the free market will be blamed for the economic collapse despite it actually being caused by central planning and government intervention.
Mainstream economists have also been a major culprit in the misunderstanding of the causes of economic collapse. Because they have been trained in the Keynesian school of thought, which promotes government intervention in the economy, they themselves often do not understand economics in the real world. They promulgate blatant economic fallacies such as the broken window fallacy that Frederic Bastiat first propounded in That Which is Seen, and That Which is Not Seen. Henry Hazlitt later expanded on the broken window fallacy in his book Economics in One Lesson. So when the government relies on advice from these so called economists you can imagine the disastrous consequences. Economists that hail from the Austrian tradition, however, are much more reliable in terms of understanding the makings of an economic collapse. While Austrian economists shy away from making timed economic predictions, they do assert that certain trends can be followed and extrapolated into the future. So while it could be predicted that the dollar will collapse eventually, there are too many psychological factors and others to make a prediction such as: the economy will collapse in 2011. You should generally beware of people who make exactly timed economic predictions such as this.
This can be frustrating for a lot of people who want an exact prediction of when the economy will collapse. But seeing as mainstream economists are absolutely no help in this regard, at least you can rely on the Austrians to forecast trends. If you think the dollar will eventually collapse you can and should prepare for it. Maybe the economy won’t collapse in 2011 but it could in 2012 and so on. Contrary to what the media and government would have you believe, the general trend is indeed pointing towards a total economic collapse at some point in the next few years. Hopefully it will happen later rather than sooner so you and other Americans can do as much as you can to prepare for it and weather the coming economic storm.