Skip to main content

The Sheep, The Wolf and Dr. Paul

How many times, how many headlines, how many articles have been written – maybe even read - about the monstrous disaster waiting to befall Americans when the Mother of All (Financial) Bubbles bursts? To say such pieces speak as "warnings" is the Mommy of all Understatements. True as they are, these facts are barely reported is just as true, likely because the Average Reader is near totally ignorant, dis-interested and bored by anything that smacks of serious economic analysis of the Federal Reserve, Quantitative Easing, GDP, Negative Interest Rates, Unfunded Entitlements and other terms common to Money Talk. Readership and ratings are too important risk. The time and effort it would take readers to scale the Learning Curve of Economics is too steep. This is football season! There is holiday shopping!

Here's a good example of the serious issue of our current economic status and instability which isn't taken too seriously by serious Americans unknowingly facing the consequences.

Seriously.

While I am a big fan of Ron Paul's economic and political positions, please focus on his last paragraph:

"Congress will not cut spending until either a critical mass of Americans demand they do so, or there is a major economic crisis. In the event of a crisis, Congress will try to avoid directly cutting spending, instead letting the Federal Reserve do its dirty work via currency depreciation. This will deepen the crisis and increase support for authoritarian demagogues. The only way to avoid this is for those of us who know the truth to spread the message of, and grow the movement for, peace, free markets, limited government, and sound money."

Now objectively consider the syntax of what you have just read and, specifically, think about this:

If "Congress will not cut spending until either a critical mass of Americans demand they do so, or there is a major economic crisis. In the event of a crisis, Congress will try to avoid directly cutting spending, instead letting the Federal Reserve do its dirty work via currency depreciation. This will deepen the crisis and increase support for authoritarian demagogues."

Assuming that is true – and it is – now consider the conclusion:

"The only way to avoid this is...to spread the message of, and grow the movement for, peace, free markets, limited government, and sound money."

Really? And how about "Brushing after every meal"..."washing behind your ears"...and "being nice to little puppies"? Since "Congress...will only try to avoid cutting spending" even when "Americans demand", how effective can "spreading the message" be when, through citizens aggressive ignorance and contagious apathy, it will only be ignored?

This is where the urgent message of learned, concerned individuals such as Dr. Paul falls as flat and tragically ineffective as the story of the Boy Who Cried Wolf. As the fable goes, the boy's warnings were eventually and understandably ignored. The result: sheep were slaughtered when the real wolf did appear.


The take-away is Dr. Paul and other well-intentioned "guardians of the flock" yell many warnings but fail to provide specific pro-active ideas for dealing with the coming wolf of economic collapse.


Some pragmatic specifics in order to prepare for or avoid that tragedy would be most worthwhile.

Comments

Popular posts from this blog

From The Next President

To any aspiring Democratic politician:

If you'd like to be President one day --  Maybe soon --  Put the following in a full page ad in the WaPo, get yourself booked on some talk shows and read this: 


An Open Letter from a Democratic Politician to all Democratic Politicians

My fellow Democrats – Let's face it; we blew it. Lead by Speaker Pelosi, Chairman Schiff and Chairman Nadler, these past 3 years we have conducted ourselves in a way that has severely divided America. Continuing with this impeachment hoax – and it is a hoax and we all know it - will only destroy the Democratic Party and impugn all the great principles we once stood for. Our Leadership – and our so-called 'friends' in the media – have strongly encouraged, even threatened us, if did not 'toe the line'. As a result, regardless of where you're from or how long you've been in office, very few of us will be returning after the coming elections.


We have only one choice to save America and th…

A Doctor - Patient conversation

A  Doctor is explaining the pandemic to a coma patient who just woke up…

Dr: “They shut down the world because of a worldwide pandemic.”
Patient: “OMG! How many people are infected?”
Dr : “About 11 Million.”
Patient: “OMG! 11 million people died?”
Dr: “No, only 500 thousand… Kind of.”
Patient: “What do you mean ‘kind of’?”
Dr: “Well… they keep halving the number of deaths due to double counting, inaccurate tests and mislabeled death certificates. Also, most of the people that die are elderly and dying of other things. There are also people who died because of incorrect ventilator use and other treatments because no-one really understands the virus.”
Patient: “I don’t get it. So how many died from ONLY the virus… like literally dropped dead in the street?”
Dr: “No-one. Only in hospitals and nursing homes”
Patient: “I don’t get it.”
Dr: “Neither do I, it’s a very confusing time.”
Patient: “So they cured the other 11 million people then?”
Dr: “No, most didn’t have any symptoms and in fa…

Gillette, Toxic Masculinity and the F Word

The Gillette "Toxic Masculinity" commercial not-so-subtle lecturing men (their primary clientele) about being Kinder, Gentler Wussies the company says they should be is rapidly fading into the dust of Catholics and Indians, yesterday's news. But before the Forgettable is actually forgotten, here are a couple hardly-mentioned observations about why this TV spot got its embarrassing 15 minutes of fame.