The legacy of freedom is inscribed by those who envisioned a world liberated from tyranny, dared to challenge the fetters of oppression, and defended the pursuit of dignity and self-determination — ideals we must fervently uphold.

The reality of the Declaration is that it was far more radical than its critics are generally willing to admit. The Declaration advocated for an act of unilateral and illegal secession. Clearly, modern-day defenders of the regime attempt to downplay this whenever possible. Moreover, the language and ideals of the Declaration communicate a general disregard for ideals of political unity or loyalty to political institutions, in spite of British propaganda to the contrary. Thus, to act in the Spirit of the Declaration of Independence today is to reject calls for loyalty, unity, or respect for the regime’s so-called “rule of law.” Rather, the Declaration of Independence represents disloyalty, disunity, and a disregard for the law as laid down by the political ruling class. Part of the Declaration’s radicalism stems from the fact that the Declaration does not make a legal argument in favor of secession. Rather, the Declaration states that the right of separation stems simply from natural rights of self-determination that do not depend on legal or constitutional authority. The Declaration was a statement of contempt for the established legal order. British propaganda at the time, much like American propaganda today, sang the praises of political unity while encouraging an emotional bond between the ordinary subject and the ruling executive. Fortunately, the American secessionists saw such things for the absurdities that they were and have always been. The Spirit of the Declaration of Independence: Secession, Division, Disloyalty | Mises Institute https://share.google/r7ZLbxrg2fzhAsTuf

Now that the budget bill has passed Congress, we can see what the projections look like for deficits, government debt, and debt service expenses. In brief, the bill is expected to lead to spending of about $7 trillion a year with inflows of about $5 trillion a year, so the debt, which is now about 6x of the money taken in, 100 percent of GDP, and about $230,000 per American family, will rise over ten years to about 7.5x the money taken in, 130 percent of GDP, and $425,000 per family. That will increase interest and principal payments on the debt from about $10 trillion ($1 trillion in interest, $9 trillion in principal) to about $18 trillion (of which $2 trillion is interest payments), which will lead to either a big squeezing out (and cutting off) of spending and/or unimaginable tax increases, or a lot of printing and devaluing of money and pushing interest rates to unattractively low levels. This printing and devaluing is not good for those holding bonds as a storehold of wealth, and what’s bad for bonds and US credit markets is bad for everyone because the US Treasury market is the backbone of all capital markets, which are the backbones of our economic and social conditions. Unless this path is soon rectified to bring the budget deficit from roughly 7% of GDP to about 3% by making adjustments to spending, taxes, and interest rates, big, painful disruptions will likely occur. - Ray Dalio