If you can stop crying maybe you can see the humor in some of the political manoeuvering of the WH these days. What are you going to believe? –your own eyes or what the Administration tells you is true?
As long as the current left-leaning Federal Reserve cooperates with the Administration; it will be able to continue running trillion plus deficits. If it ever stopped buying the Treasury bills and notes to fund the ever-growing debt the Administration would face real difficulties running so far in the red. Who else around the world would buy those Treasuries to fund the Federal budget? At least who would do so at today’s ridiculously low rates?
Reminds me of the fellow who wanted to make a small loan from the local bank and the banker wanted to see his balance sheet and income and expense statement to determine if he would be able to repay the borrowed money. Even though his balance sheet was in the red and his income showed he couldn’t even pay his current expenses much less service the new loand he told the banker not to worry. The fellow told the banker that he had his right pocket write a note to his left pocket and that those notes would serve as great collateral.
Heard an interview with another guy who is propsoing that we go to a cashless society because it would save money and be fairer to everyone and especially the poor. Well, it might save the cost of fabricating and distributing the currency but not sure how much we would like that. He argues that criminals and drug dealers and other such menances to society are the only ones who benefit from cash. Well, another example of big government thinking. The main thing he totally overlooks is the right to privacy. The examples of such intrusion into your private life are as big and broad as your own imagination. Take a 70 year-old fellow going to the drug store to buy viagra or hemorhoid salve or he wants to buy a lottery ticket. Why should that transaction become a permenant electronic record? Don’t even try to tell me that such records would be protected and safe from hackers or any government agency that decided it wanted to investigate him. Such a system of credit or debit card use goes to the very heart of our privacy. There are no firewalls strong enough to keep your secrets. Yes, you are entitled to some secrets in your life that are your business and no one else’s. How you spend your hard earned money is no one else’s business. Leave us alone for God’s sake in our own affairs. With all the minicams and surveillance systems and forced GPS monitors there is little enough privacy as it is.
When we have really bad leadership at the national level and we’re headed in the wrong direction I draw encouragement from the history of the Roman Empire. It had its many ups and downs over the course of centuries. Sometimes really bad guys worked their way to the top with bribery, buying votes or even assasination but then things would settle again and decent folks would emerge. Caligula, Nero and others of that stripe were followed by Marcus Aurelleus even though it took a long time. The people of all levels of society kept the dream alive through all the terrible times to remember their heritage of basic democracy and the rule of the Senate. It wasn’t one man, one vote democracy but it was one nevertheless for its age. Even those who didn’t have a vote still influenced the votes of those who did. The Senate was after its fashion responsive to the people. Even after Rome was sacked by the Vandals in 465 AD (which most standard history texts mark as the fall of Rome) the Empire came back in a few more iterations of itself for over a hundred years. If most of our people keep as their Pole Stars freedom, liberty and sovereignity of the people over government we have a chance to endure yet for a while.
What do we owe Winston Churchill? He was our “cousin” since his mom was American. After the fall of Dunkirk in 1940 and the surrender of France there was no opposition to Hitler on the Continent and he was at peace with Stalin indeed they were still allies; they had just finished their mutual military operation against Poland. All seemed quite hopeless and in fact there were many in Great Britain that believed they should sue for peace with Hitle from the man on the street to members of the War Cabinet itself. Even if Hitle didn’t try to invade there was no realistic possibility that they saw to ever defeat him and the land of Avon would be pounded mercilessly by the Luffwaffe. Churchill beat back and/or ignored such calls for peace and used all his oratorical skills to rally the people to resist which they did for another long 18 months before the US joined the fray. The time called for bold and heroic clarion calls to the ramparts. The people were scared, they had seen what had happened on the Continent and the British army had just been hammered at Dunkirk. He delievered. It is hard to imagine the course of history if Great Britain had not held out until we joined. Remember the anti-war faction was very strong in the US then and there is no way we would have taken on Hitler by ourselves. A peace with Great Britain would have allowed all the German troops to muster for the assault on the Soviet Union and minimal forces to garrison the West. If Churchill had heeded the faint of heart and capitulated it is not hard to imagine that the Nazis would have endured for generations. Why did BO return the bust of such an icon of heroism to Great Britain?
The latest possible Fed move reported is that it will print more money to buy Government bonds but then borrow that money at short term with low rates. This supposedly will assure those concerned about money printing leading to inflation. I am not making this up, Lord I wish I were. But not to worry those mad scientists in there no how to take care of you; you just aren’t smart enough like Geithner, the tax cheat or fumbler, to understand the wisdom of all this.
“God give me strength to face a fact though it slay me.” Thomas Huxley, of the famous Huxley family and biologist. www.olcranky.wordpress.com