Flimsy Sanity: This kinda sums up our economy - speech from 2006

Flimsy Sanity

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. - Friedrich Nietzsche

Wednesday, July 30, 2008

This kinda sums up our economy - speech from 2006









This guy is Ron Paul's economic advisor so he is free market all the way, which is not to say that he wasn't right on his assessment of the future. I say that the only way the free market could work (unregulated) was if fraud was punishable by life imprisonment or death. In my dreams I get to swab my last mechanic's arm for his lethal injection!

Now Bush signed a bill to bail out "homeowners" which is actually a lifeboat for banks and mortgage junk bond holders. Print up some more money, we've got lots of paper and ink and while you are at it, send us more stimuli and another war.

It always makes me chuckle that the treasury is always coming up with new bills that will be less likely to be counterfeited at the same time the money loses value faster than they can print it. What country was it that had the billion dollar bill that couldn't buy a loaf of bread? Welcome to our future. I really don't think it matters which party gets in, we are so screwed even Nader couldn't save us now. If you want to know how the finance game is played, this is a brief synopsis.

6 Comments:

  • At 5:59 AM, Anonymous Anonymous said…

    Humans are social animals. This means that they generally "kiss up, kick down" so status and power seeking is hardwired into our brains. When something goes wrong, they will lash out at a lower status person, race or country such as the attack on Afghanistan for 9-11 instead of Saudi Arabia, the wealthy home of the attackers. When our economy implodes, I am so afraid that we will attack the Mexicans.

     
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    And the liberals.

     
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