I didn’t watch much news for a couple of weeks, because I found it frustrating that almost no one — not even the staunchest conservatives – seemed to get it. Today, however, I am happy to see that a handful of commentators are edging closer to acknowledging what is really happening to America.
Even Bill O’Reilly is now using the term socialism (though he still claims that BHO has “good intentions”). O’Reilly, you will recall, is the guy who, back in the good old days when Rev. Wright was entertaining us nightly, insisted “I don’t believe for a second that Obama shares the reverend’s radical views.” (If the latter is not a precise quote, it’s a close paraphrase of statements about Obama that O’Reilly has repeatedly made.) Read Full Article
While pondering the continued existence of slavery and genocide throughout the world, I also thought about the current batch of scoundrels running for the highest office in the land. They all have at least one thing in common: They employ their favorite euphemisms (e.g., “change”) to hide their intent to further increase government power over ordinary citizens.
Amazingly, these masters of deceit are revered by millions. Especially by those politically sedated humanoids who cheer wildly and pump signs into the air as their political heroes work them into a frenzy with the same tired platitudes that have been used by politicians throughout recorded history. Read Full Article
I rarely watch sports on TV anymore, and that includes March Madness. Somehow, I find it difficult to get excited about these young kids, especially knowing that a majority of them will not graduate from college. Heroes? Not so much.
So, instead of watching college hoops like normal Americans this time of year, the other night I watched the DVD of the last Rambo. It was a grim reminder of the never-ending genocide in Burma (a.k.a. the Union of Myanmar). Part of the movie’s weak plot is based on Rambo’s warnings to a group of well meaning but naïve missionaries to go home … that their efforts in Burma were a waste of time. Read Full Article
I had an eye-opening experience this past weekend. My wife and I were out and about late in the afternoon, and the question of dinner came up. She made a couple of suggestions, but neither of them made me salivate. (A bad sign, since that’s my normal condition whenever eating time draws near.)
On this day, I was in the mood for some serious food. After searching my Zagat-oriented mind for a few minutes, I had an epiphany: Georgia Brown’s – a high-end eatery within walking distance of the White House that we hadn’t visited for at least a year. Read Full Article
(Today’s article concludes my series on gold versus paper money, the content of which has been taken from my 1982 book “Civilization.”)
Finally, there is the argument that gold does not pay dividends or interest. But such an argument could only be made by an individual who does not understand the financial realities of today’s world.
As I pointed out earlier in this series, virtually none of the (so-called) traditional investments — i.e., Capital Black Holes and Capital Crapshoots — is income producing. They all lose to price inflation and taxes. Read Full Article
(The content of this series of articles has been taken from my 1982 book “Civilization.” Today, we continue with our examination of real money. Following is what I had to say about that subject in 1982.)
In theory, paper money is fine, provided it is given only to people who produce products and services that other people voluntarily want to buy. So long as a majority of people believe that this is what paper money is used for, they have faith in it. Faith is the key to the whole paper money scheme; it is the key to the stability of any kind of money. Read Full Article
(The content of this series of articles has been taken from my 1982 book “Civilization.” Today, we continue with our examination of real money. Following is what I had to say about that subject in 1982.)
It is interesting to note that the government, in an attempt to demonstrate that it no longer considered gold to be money, finally allowed U.S. citizens to own the metal beginning on December 31, 1974. The ensuing meteoric rise in the price of gold was, of course, a source of great embarrassment to the fiat money printers in Washington. Read Full Article
(The content of this series of articles has been taken from my 1982 book “Civilization.” Today, we finally get to the most important kind of investment: Capital Guarantees. Following is what I had to say about that subject in 1982.)
Capital Guarantees Contrary to what most people ─ particularly speculators – would like to believe, the only way to virtually guarantee the protection of your capital against the destruction of paper currency is to convert it to real money. That’s right, instead of fooling around with “investments,” just use your bogus paper money to buy the real thing. Read Full Article
(The content of this series of articles has been taken from my 1982 book “Civilization.” In the previous excerpt from that book, I examined an investment I referred to as a Capital Question Mark: real estate. Following is more of what I had to say at that time.)
Real Estate - Apartments Apartments and low priced rental homes are much more risky. For nearly fifteen years it has been difficult, if not impossible, to buy good apartment buildings that throw off a positive cash flow, because rents have not kept pace with the increased costs of construction, real estate taxes, and maintenance, not to mention the cost of mortgage money. But now there is an even greater danger ─ rent control. Read Full Article
(The content of this series of articles has been taken from my 1982 book “Civilization.” In the previous excerpt from that book, I examined several alternatives for getting your capital out of paper money, including stocks [which I referred to as "Capital Crapshoots"] and two slightly less risky “Capital Question Marks”: collectibles and commodities. A third and very different kind of Capital Question Mark is real estate-and following is what I had to say about it back then.)
Real Estate Now that everyone has once again been reminded that real estate does not always go up, and now that gullible, arrogant speculators and thousands of uninformed real estate brokers are back to tending bar and waiting tables, we can settle down to analyzing real estate on a rational basis.
(The content of this series of articles has been taken from my 1982 book “Civilization.” So far, you’ve seen the case I made for getting out of paper money – and the reason most of your alternatives for trying to safeguard your capital are like black holes that simply suck it in and make it disappear. In the next section of the book, I examined several alternatives that at least give you a chance – an outside chance – of coming out ahead.)
The biggest reasons the Capital Black Hole alternatives are automatic losers are that they are locked into a fixed rate of return and they pay off in paper. Thus, corporate stocks deserve the status of Capital Crapshoots, because they are not automatic losers like Capital Black Holes; they are only wild speculations.
With stocks, you at least have an outside chance ─ a very outside chance ─ of coming out ahead. Even though any dividends paid will not be sufficient to offset taxes and price inflation, what sets stocks apart from Capital Black Holes is the possibility for long term capital gains. Read Full Article
(The content of this series of articles has been taken from my 1982 book “Civilization.” Part II covered what I said in my book about banks and savings and loans. Now, let’s take a look at what I said about some other Capital Black Holes-insurance companies, government and corporate bonds, mortgages, Treasury bills, and money market funds.)
Insurance companies are not much better off than banks. First, they have a majority of their assets tied up in bonds and mortgages, which is like the blind leading the blind. Second, as times get tougher, more and more people will want to borrow on the cash value of their life insurance policies.
This money is lent at rates far below the going interest rates in the financial markets, which, of course, is a disaster for the insurance companies. If too many people decide to borrow the amounts they are legally entitled to, insurance companies, like banks, are forced to dump securities and mortgages at depressed market prices, which can lead to insolvency. Read Full Article
(The content of this series of articles has been taken from my 1982 book “Civilization.” Even back then, I was warning my readers about the role the banks would play in the inevitable economic collapse of this country. Here’s more of what I said 27 years ago …)
Much like the black holes of the far reaches of outer space, which ravenously suck in all matter that comes their way, there are black holes in the financial markets that can make capital vanish without a trace. Unlike their counterparts in interstellar space, however, Capital Black Holes can occasionally be persuaded to release their prey. Read Full Article
(The content of this series of articles has been taken from my 1982 book “Civilization.” As you will see, I pretty much could have written the exact same articles today. While I was a bit off on a few things-particularly with regard to my belief that the economic chaos we are now witnessing would happen much sooner than it did-my take on the big picture was, unfortunately, pretty accurate. Here it was I said back then …)
Notwithstanding Ronald Reagan’s tough talk, and contrary to daily media reports about how the plight of “the poor” has worsened under his administration, there have been no meaningful cutbacks in federal handouts since Reagan took office. Quite the opposite, in fact: Today, the federal deficit is expanding almost exponentially. Read Full Article
As I watched Barack Obama do his Jesus imitations in Tampa and Elkhart, I recalled something Jonah Goldberg wrote in his book Liberal Fascism. If you have a pulse and have not yet sipped the Obama-Aid, this should get your attention:
Today the liberal left’s version of the 1960s makes about as much sense as it does to remember Hitler as the “man of peace” described by Neville Chamberlain. In its passion and pursuits, the New Left was little more than an Americanized updating of what we’ve come to call the European Old Right. From Easy Rider to JFK, Hollywood has been telling us that if only the forces of reaction hadn’t killed their Horst Wessels, we would today be living in a better, more just, and more open-minded country. [RJR note: Horst Wessels was a ruthless young leader in the Nazi movement who was murdered at the age of twenty-two and subsequently immortalized by the Nazis.] And if only we could rekindle the hope and ambition of those early radicals, “what might have been” will turn into “what could still be.” This is the vital lie of the left. Western civilization was saved when the barbarians were defeated, at least temporarily, in the 1970s. We should be not only grateful for our slender victory but vigilant in securing it for posterity. Read Full Article
As usual, the media is in ga-ga land as the Obamacrats tighten their grip around the throats of American serfs. While it’s tempting to write off the far-left power holders as fools or, perhaps, utopian dreamers, that would be a mistake. They are neither. They know exactly what they’re doing.
The objective of the Obamacrats is the same as that of every revolutionary group throughout history: to mesmerize the masses into ceding more and more power to them, ultimately resulting in a liberal fascist dictatorship. Amazingly, almost no one in the media seems to fully understand this, with the possible exception of Glenn Beck.
However, I do believe that Laura Ingraham, Michelle (The Magnificent) Malkin, and a number of other Fox TV contributors and guests (primarily on Beck’s show) are finally starting to zero in on the end game of the Obamacrats. Even Sean Hannity has crossed over some taboo lines by openly calling BHO a liar and referring to his agenda as socialist, but he still has a way to go.
BHO, Pelosi, Reid, Frank, Dodd, and other leading members of Crime Inc. know full well that their first “stimulus package” has zero chance of improving the economy over the long term (and very little chance in the short term). Which is precisely what they want, because they believe that the destructive results of their massive wealth-transfer program will accelerate their true agenda.
The agenda I’m talking about is nothing less than absolute dictatorial power. What they hope their new spending bill (euphemistically referred to as a “rescue package”) will accomplish is to get enough voters addicted to government “benefits” to assure a permanent majority for themselves.
You may have noticed that, two paragraphs up, I said “their first stimulus package.” That’s because, as it becomes ever more clear that their original, phony stimulus package has actually made the economy worse, there will be many more government-spending packages waiting in the wings.
That’s right – I said many more. That first trillion dollars is but a small down payment on what is to come. Trillions of paper dollars will overwhelm our economy over the next four years, and almost certainly lead to the total destruction of the U.S. currency.
As BHO continues to hold town hall meetings in carefully selected, economically depressed areas-campaigning as though he were still running for president-more and more people will come to see him as the Money Messiah … a newer, slicker version of Rev. Ike. When that woman in one of BHO’s town hall audiences related her tale of woe to him and he warmly embraced her, it was like watching Jesus touch a blind man on the forehead to bestow upon him the gift of sight.
Give the man credit. He learned well from the Clintons, who are still gnashing their teeth over not having taken the slippery young upstart seriously early on. If you aspire to power, you have to be shameless – a trait BHO exudes. Theatrics must become a part of who you are.
Sure, you may know you’re lying, but to play in the big leagues with people as talented as the Clintons, you have to be comfortable with your lies. The lies have to become an integral part of your moral fiber. Otherwise, you won’t be able to tell them with panache. BHO has the panache of a high-level confidence man who painlessly relieves elderly women of their expensive jewelry.
In Part II of this article, we’ll take a look at what Glenn Beck, Jonah Goldberg, and one of the most notorious socialists in American history have to say about all this.
As I pointed out in Part I of this article, Obama’s solution for the current economic tsunami is more government spending in the form of bailouts, a massive trillion-dollar economic stimulus package, and “tax cuts” offered to people who never paid taxes in the first place.
What is interesting about this is that it proves we have once again elected a president who is either ignorant of, or oblivious to, the United States Constitution. Nothing in the Constitution authorizes this kind of government intervention in the economy. Which means that Obama’s entire economic game plan is not only unworkable, it’s unconstitutional.
Now, as promised, let me give you my version of an economic stimulus plan that makes sense. Read Full Article
Now that Barack Obama is in the Oval Office, it would seem like an ideal time to talk about the greatest challenge facing his new administration – the triple whammy of economic meltdown, credit crisis, and a crisis of consumer confidence. All of them have combined to create the “Perfect Storm” – what appears, to a small businessman like me, to be The Great Depression, Part II.
Obama believes that the way to get out of an economic toxic disaster caused by too much government spending and debt is to spend more and go further into debt. Interesting logic. Read Full Article
At the end of Part I of this article, I said I would address the question of whether BHO is right when he says that Americans gave him a mandate to pursue his socialist agenda. Did you give BHO a mandate? I didn’t. And, the fact is, neither did a majority of the population. Allow me to explain:
Roughly 52 percent of the approximately 133 million people who voted in the presidential election cast their votes for BHO. Sounds good … except for one little fact that politicians choose to ignore: Only 56.8 percent of the approximately 231 million eligible voters actually voted. Which means that slightly more than 70 percent of the voter-eligible populace did not vote for BHO.
So, as difficult as it may be for the tingle-legged, logic-challenged among us to accept, in the United States of America, it is, in fact, the minority who rules the majority. In the case of BHO, roughly 70 percent of eligible voters voted for other candidates or chose not to vote at all (a.k.a. “refusing to vote for the lesser of two evils”).
Thus, as in every election, it is those who voted against the winning candidate, along with those who chose not to vote for anyone, who actually formed the majority. Which means that more than two-thirds Americans are now being ruled by a socialist for whom less than one-third of eligible voters voted for.
In truth, then, “mandate of the people” really means mandate of a small minority of people whose candidates are elected. Hardly what a schoolchild envisions when he is taught about “majority rule.”
The belief that “the people have chosen” is, pure and simple, a myth. What in fact takes place in an election is that two candidates, who have been selected by a small group of politically active people, are propped up before the citizenry, and a minority of citizens then elect one of them to rule everyone — including the majority that didn’t vote for him/her.
As a side note, I should also point out that not only does the majority not rule, but the day-to-day ruling, where the worst violations of natural rights occur, is carried out by people in regulatory agencies who are not even elected to their offices. What happens is that those who are elected by a minority of the population turn around and dole out draconian power to non-elected bureaucrats who do not have to answer to voters — and who are almost impossible to remove from their jobs.
Thus, democracy’s main attraction from government’s standpoint is that it gives the illusion of consent. People, through mind-numbing slogans and mind twisting logic, are led to believe that government represents them, thus they feel content. But, as Alvin Toffler pointed out nearly thirty years ago, letting people vote every few years is the equivalent of throwing them a piece of raw meat. Once the election charade is over, they once again realize that they have virtually no power.
When a “democratic” government does an efficient job of maintaining this illusion, the reward can be a power seeker’s dream: the enthusiastic support of a large percentage of the people who are ruled.
The one glimmer of hope is that I believe more and more people are recognizing that “government by the people” has come to mean government by those in power. As just one example, at the same time that unemployment in the private sector has risen dramatically, government jobs have actually increased.
Enough! I’m happy to say that I have a solution to all this, and it’s 100 percent guaranteed to work — for those who are willing to work. The solution is simple: The most powerful stimulus we need from Washington right now is for the government to do nothing. That’s right, nothing!
If there were no bailouts, no spending packages, no new regulations … if government would just get out of the way and stick to the job that we, the people, hired it to do — protect our lives and property — the economy would explode overnight.
But, of course, that isn’t going to happen. Why? Because, in the end, enough shameless Republicans will capitulate. Oh, they’ll make it sound as though they got big concessions from the Democrats, but the final package will still be a political rape of Mr. and Mrs. America.
The reason the Republican Party is on the verge of extinction is because, in the end, a majority of Republicans give in to the intimidation tactics of the left. And the euphemism that most intimidates them is when they are admonished to “reach across the aisle.” The only problem with reaching across the aisle is that the reaching is, for the most part, one-way — right to left.
Compromise sounds like a wonderful virtue until you examine it more closely. How do you compromise between moral and immoral? Between responsible and irresponsible? Between freedom and slavery?
In the real world of politics, compromise is but a euphemism for liberalism … liberalism is a euphemism for Marxism … and Marxism is a euphemism for totalitarian rule. And that is precisely what the liberal fascists (to borrow from the title of Jonah Goldberg’s book) in D.C. are after — total, fascistic rule.
I find it kind of amazing that there are so few conservatives in Congress who are willing to stand up to this threat — a threat that promises to extinguish the centerpiece of the American Dream: liberty.
For all the reasons I’ve previously written about, I expected BHO to move fast to implement his socialist agenda once he got in office. But I didn’t expect him to be as brazen about it as he has been.
And yet, I shouldn’t be surprised, because the man has enormous confidence in his capacity to mesmerize the flock. BHO’s great strength lies in his ability to make a large segment of the population get “a thrill up their leg.” While Adolf Hitler was a more dynamic orator, BHO is a master dispenser of tranquilizers.
Watching him speak to the choir of House Democrats at their annual retreat in Williamsburg, Virginia, I found myself thinking, “Gee, what a nice young man.” Yikes! When I regained consciousness, I almost felt a tingle go up my leg … or was it a tinkle going down my leg?
I was so mesmerized that the thought crossed my mind that perhaps it was time to start buying some Bolshevik memorabilia for my recreation room. Yep, he had me pretty sedated – and I’m a died-in-the-wool conservative-leaning libertarian!
Then, from out of nowhere, the world’s greatest Kool-Aid salesman admonished Congress (i.e., Republicans) to “set aside the gamesmanship in this town and get something done.” Translation: “Stop following your conscience and support my socialist agenda.” Finally, the ever-slick, ever-smooth BHO had blown his cool – and his cover. The bipartisan mask was finally showing some cracks in it.
He then followed up that little snippet with a series of other angry, snide remarks, one of the best of which was, “I found this deficit when I showed up.” And he’s right about that. A pox on the houses of George Bush and Congress for violating the Constitution and bankrupting the nation. But when someone leaves a pile of cow dung on the floor of the Oval Office, the solution isn’t to make the pile bigger.
“We’re not going to get relief by turning back to the very same policies that in eight short years doubled the national debt and threw our economy into a tailspin,” BHO told the House Democrats. “We can’t embrace the losing formula that offers more tax cuts as the only answer to every problem we face.”
And, once again, he was right … partially, that is. He’s right that George Bush and the Congress ran up huge deficits through a drunken orgy of spending. But he’s wrong about the tax cuts. The tax cuts are the part that saved us from an even worse financial crisis than the one we now find ourselves in.
So, what is BHO’s solution? More government spending – far more spending than ever before in our country’s history. Referring to complaints about spending levels in the suicide package now being debated by Congress, BHO said, “Then you get the argument, ‘Well, this is not a stimulus bill. This is a spending bill.’ What do you think a stimulus is? That’s the whole point.”
Very cute … very clever. But what BHO and other big-government advocates don’t understand is that their basic premises are wrong. Their first invalid premise is that government has the moral and/or Constitutional authority to spend your money without your consent. Their second invalid premise is that government spending will “stimulate” the economy.
BHO is, of course, wrong on both counts. That the government has no right to spend your money against your will is morally self-evident, and it certainly is clear that it is constitutionally out of bounds. Yet, those on the left belittle people who oppose them in their illegal pursuits by calling them “obstructionists,” among other things.
Recently, even nice-guy Governor Ed Rendell of Pennsylvania said, “The Republicans should get off this identity kick and get behind the president. We have to come together for the good of the country.” That’s right, forget your identity and support the socialists’ cause instead of sticking to your belief in freedom and the moral sanctity of a capitalistic society.
But morals aside (which is the way collectivists like to approach things), the fact is that government spending does not stimulate the economy. Whether the government taxes, borrows, or prints, its actions always have a negative impact on the country. Only spending by individuals and companies can stimulate the economy.
Finally, BHO reminded his choir in Williamsburg that the American people had “already made their choice in the election.” And they had … at least those who voted. They chose tingling legs over reason and reality. They chose to vote against the most embarrassing Republican presidential candidate of our time. They chose to vote for what they believed was the lesser of two evils. And, yes, many chose white guilt over moral substance.
So, in BHO’s mind, he has a mandate to pursue his socialist agenda – though I think he may now be wondering about that. Millions of foolish, middle-of-the-road voters who gave him a relatively narrow margin of victory (52 percent to 46 percent – just 3 percentage points above a tie!) are now becoming angry – much sooner, quite frankly, than I expected.
And millions more are sure to become even more angry in the months ahead as they come out of their Kool-Aid stupor and realize that the change they are witnessing is not the change they thought they could believe in. They’ll be asking themselves things like: “Yes we can what?” “What kind of new beginning?” “Change America how?”
So, is BHO right when he says that “the people have chosen?” In Part II of this article, I’ll address that question by setting the record straight, once and for all, on the Orwellian notion of “mandate” that politicians so love to bandy about.
Ladies and gentlemen, we have sold out. We have sold our souls to the devil … and the devil is big government. Obama doesn’t want to help you – he wants you to desperately crave the government’s help.
He wants you to feel hopeless, helpless, aimless, and clueless, and thereby dependent on government to survive. He wants to slip socialism by you and destroy capitalism while we’re in crisis – while you’re scared and weak – and he hopes you won’t even notice. Not as long as he sends you a check, takes over your bank, protects your mortgage (even if he has to ask government to break the legal contract), educates your children at government-run schools, and gives you a job. Read Full Article
I have been asked by radio talk show hosts across the country to talk about President Obama’s possible – if not probable — nationalization of the banking system. But there’s more to the story than just banks.
This issue ties in with every aspect of the Obama Socialist Agenda — bailouts, handouts, economic stimulus packages, giving too much power to the Federal Reserve … and let’s not forget tax cuts to people who don’t pay taxes. Read Full Article
In Part I of this article, I discussed how the creation of surplus wealth leads to an increase in manufacturing plants and equipment, which in turn leads to the creation of both new jobs and new products. This stimulates economic growth and, in general, improves the well being of people who work for a living.
But what if businesses don’t reinvest their profits? The fact is, surplus wealth leads to growth even then. Suppose, for example, that a man builds a successful business, then “cashes out” for $10 million. He has no desire to produce anymore; he just wants to enjoy life. How does his life of luxury in retirement help the economy? Read Full Article
Compared to the cast of characters being appointed to high-level posts in Washington, Rod Blagojevich is starting to look appealing. The guy reeks with vintage Chicago chutzpah, he’s got style (What can you say about a spandex jogging outfit?), and he’s entertaining.
In fact, had B.O. appointed him Secretary of the Treasury, I think he would have added some much needed panache to the otherwise drab Obamastration. I challenge you to name anyone who has a better nose for money than Blago. He’s forgotten more about it than Ben Bernanke will ever know. Read Full Article
You will recall that prior to Barack Obama’s taking office, I wrote a three-part article titled “The Justification for Lying,” in which I discussed the approach I thought he would mostly likely take to “change the face of America.” Rather than the more subtle “boil-the-frog-slowly”approach, I thought he proceed quickly to socialize the economy and suppress liberty.
I listed four reasons for this:
Obama would have the Pelosi-Reid gang pressuring him to take action.
He would have millions of entitlement-addicted hard cases looking to him to deliver on his spread-the-wealth promises.
Rev. Wright might be lying in wait, ready to do something that might turn the love-filled Obamaganza into a humiliating Obamaclysm.
And the biggest reason of all would be the pressure of knowing that the 2010 mid-term Congressional elections would probably cut into the power monopoly the left wing now holds. A significant power shift in the House and Senate would have Obama kicking himself (or, more likely, kicking you) for not moving fast enough when the Socialist Window of Opportunity was wide open. Read Full Article
The beginning of the 44th presidency and its â€œsuccessâ€ reminds me of Jimmy Carterâ€™s 39th: America was suffering the after-effects of an expensive war, a bad economy, an energy crisis, a weak stock market, and an overall disgust with the Republican Party â€” kind of like whatâ€™s happening now.
President Carter, like number 44, was supposed to turn it all around. He was a man of the people, somebody the common individual could relate to â€” somebody who wore blue jeans in the White House. Yes, Carter was a man just like you and me â€” if, that is, you and I believed government could solve more problems than it created. Read Full Article
As the media and left-wing â€œslobbering love affairâ€ (as Bernard Goldberg puts it in the title of his new book) reaches orgasmic heights today, maybe those of us who have not yet bought into the idea that Abraham Lincoln has been reincarnated should work hard at keeping our intellectual composure.
Just when you thought that Bill Oâ€™Reilly could not possibly outdo his rants about limiting oil company profits (You do remember high oil prices, donâ€™t you?), he asks his viewers to answer a question that probably would not have made the cut on Wheel of Fortune: â€œAre you rooting for Barack Obama to succeed?â€ Read Full Article
Considering the headline of his legendary full-page ad, it’s no wonder the late and legendary Joe Karbo was able to sell millions of copies of his self-published book The Lazy Man’s Way to Riches. The headline I’m referring to is: MOST PEOPLE ARE TOO BUSY EARNING A LIVING TO MAKE ANY MONEY.
What’s so great about this headline is that the vast majority of people can relate to it. And one of the least-understood secrets of good writing â€” including copywriting â€” is to say things that get people nodding their heads in agreement with your words.
Religion aside, it would seem that the least everyone could agree on is a single, self-evident point: that a Universal Intelligence exists. I guess if an individual chooses not to believe that there is a Universal Intelligence (“God,” “Conscious Universal Power Source,” “the Universe,” “Supreme Being,” etc.), there’s nothing wrong with that â€” provided he doesn’t try to interfere with the rights of others to connect in their own way.
A recent Time cover displayed a mockup of Barack Obama decked out to look like FDR. And if you caught the special about FDR that The History Channel did about a week ago, you can understand why. BHO, a master at recycling old, tried-and-failed ideas â€” ideas that have never enhanced either prosperity or freedom anywhere in the world â€” clearly intends to be the chocolate version of our thirty-second president.
Like FDR, BHO has the arrogance to use your money to “create” a job for someone else. The fact that creating jobs is not a Constitutional function of government doesn’t seem to bother BHO anymore than it did FDR. And, just as FDR’s intervention in the economy kept the U.S. in a depression seven or eight years longer than was necessary, BHO’s shenanigans are virtually certain to have the same effect.
Right now, we’re in a deflationary period, which, as I have explained, is a good thing for the economy long term. It cleanses the market of excesses and forces people to be more frugal, more prudent, and more rational in their planning and spending.
As I shared with you in Part I of this article, my friend, Leo the Centimillionaire, believes it will be several years before the government prints its way out of the deflationary hole it has dug for us. He could be right â€¦ or he could be wrong. For all the reasons I’ve previously stated, it’s simply impossible to predict the timing of economic events in an economy that is artificially manipulated.
Could we actually be headed toward a massive deflation â€” perhaps a deflationary depression? To me, the bottom line is that the political buffoons in D.C. have things so screwed up that no one can predict with certainty exactly how our economic debacle is going to play out.
The only thing we can be certain of is that virtually everything the government does will make things worse. Regardless of whether it’s “jobs programs,” “rescue packages,” or any of a myriad of other anti-free-market measures government loves to impose, its spending must be paid for in one of three ways: printing, borrowing, or taxing â€” and all three are bad for the economy.