What I find amazing is how people continue to push for political solutions like "term limits" while ultimately taking no action. Even as we lurch towards an obvious fiscal iceberg, undoubtedly responsible for the abrupt hike in tyrannical measures we've seen as of late, there are plenty of otherwise capable, intelligent people, and even hackers who are seemingly unable to abandon ship.
Whatever. History has shown the rich are always the first to leave. I suspect it's because they know more truths about human nature than some would like to believe.
Political action towards positive change is absolutely pointless. There's nothing any political party - not left, right nor libertarian - can do to stop America's path to inevitable fiscal crisis and subsequent self-destruction. Not with the political gridlock in Washington. Not with the bozo Ivy League clowns and TBTF banks running the show. Not with more and more people waking up every day to the corruption and lies spewing from the mouths of virtually everyone in Washington DC and all of their supporters and cronies. In short their shit just stinks too badly, and the average person has become too educated and capable to sit there and take all the abuse.
America is $16.5 trillion in debt and rising, and there's nothing you can do to make that debt disappear short of printing trillions more dollars to debase it and insodoing completely wipe out the average individual's savings, not to mention piss off other countries. All viable economic and political solutions are too little, too late. You'd better pray for our continued military might every night before you go to sleep, because that's the end game given the way things are going.
The only viable move for the U.S. elite is to sink America like Enron, and pray they can keep things under control. Thus the advent of tyrannical control measures.
Let the elite continue to have their follies with the savings of average Americans and others who are too blind to see the storm brewing, or too proud to abandon ship. Let them have their gold, their silver, and their perceived political capital aka giant circle jerk. Let them have their warplanes and battleships. Let them continue to send our young to die in their places in exchange for worthless paper green rectangles.
The only viable move for the individual is to evacuate the USD before their savings are wiped out. Everyone on HN has the capacity and the short-lived opportunity to move their economic and political activities into the cryptographic realm, where any and all central planning efforts are rendered irrelevant. Therein lies the only remaining true safe haven for economic activity.
Love it or hate it, you have no other option but to embrace strong encryption and Bitcoin before your nation, and perhaps the entire global economy descends into a fiscal default scenario right out of your worst nightmares. If you fail to see this risk and the danger it entails, I implore you to utilize public transportation extensively.
"Truthfully I do not expect much to change. Practically speaking, history has demonstrated the ability of sovereign nations to justify themselves, and postpone the moment of crisis. This will be even more true for the United States as the largest economy by far with the strongest central bank. As a result, over the course of your lives, you will experience withering but stealthy attacks on your quality of life, as government attempts to manage its faltering finances. You will see declines in the quality of healthcare, the quality of education, the quality of public safety, and the quality of our currency. Of course this is a false prophecy. I am simply describing what is already happening."
- Dr. Michael J. Burry [1]
[1] https://www.youtube.com/watch?v=1CLhqjOzoyE