Thursday, December 18, 2008

AMERICAN ECONOMY: A FAILED PARADIGM

THE PROBLEM WITH THE US ECONOMY IS THAT THE RIGHT QUESTIONS ARE NOT ONLY NOT BEING ASKED...

THEY ARE ABSOLUTELY FORBIDDEN TO BE ASKED!!

THINK ABOUT IT...

THE PUNDITS ARE BEING ASKED: "WILL IT WORK"...SHORT TERM?

NEVER: "IS THIS RIGHT?" OR, "HOW DO WE CURE THE UNDERLYING PROBLEMS?"

THE ONLY EXPERTS THAT ARE ALLOWED TO TALK ARE THE BULLSHITERS.

THE US ECONOMY IS BASED TOTALLY ON DEBT AND CONSUMPTION...

THE WORD "DE-INDUSTRIALIZATION" IS NEVER EVEN HEARD...! EXCEPT ON THIS PAGE....!

OCCASIONALLY, A PUNDIT WILL STUMBLE OVER A THEIR "LOGIC" AND SAY A WORD...THAT IMPLIES THE US IS TRAPPED IN A FAILED PARADIGM...

BUT THEN EVERYONE LOOKS AT EACH OTHER...SORT OF EMBARASSED...AND QUICKLY MOVE ON ...

THEN THEY MOVE ON TO THE "DISCUSSABLE" ISSUES...AS IF NOTHING HAPPEN. YOU KNOW WHAT I MEAN...

THE "UNDISCUSSABLE" PROBLEMS...LIKE DE-INDUSTRIALIZATION, THE RELIANCE ON DEBT AND GLOBAL CREDIT, AND CONSUMPTION...ARE SIMPLY FORBIDDEN. NEVER EVEN MENTIONED. SO THE PUBLIC IS FED EVER INCREASING AMOUNTS OF BULLSHIT.

ONE PUNDIT I HEARD...WHEN DISCUSSING "STIMULUS" SAID WE HAVE TO "RE-BUILD OUR INDUSTRIAL BASE..." THEN LOOKED EMBARASSED AND SAID: "BUT WE DON'T REALLY HAVE ONE...!!"

QUICK CHANGE THE SUBJECT...CUT TO A COMMERCIAL...

AND GOD HELP THE PUNDIT WHO PERSISTS IN DISCUSSING THE "UNDISCUSSABLE!" FOR THEY ARE SELDOM INVITED BACK AGAIN!!

AND THE HIGHER UP THE PUNDIT IS IN THE FRAUD "FOOD CHAIN" THE MORE BULLSHIT IS OFFERED...

FOR EXAMPLE, ABBEY COHEN OR MR DOLL OR EVEN BILL GROSS...THE BIGGEST INSTITUTIONS ARE THE BIGGEST BULLSHITERS...

THEY HAVE THE BIG MEGAPHONE TO KEEP THE FRAUD GOING...AND KEEP THE PUBLIC UP TO THEIR NECKS IN "OFFICIAL BULLSHIT!"

ONLY OUTSIDERS ARE "ALLOWED" TO TELL THE TRUTH...SORT OF LIKE SHAKESPEARE'S FOOLS TALKING TO THE KING...

OF COURSE THE OUTSIDERS ARE DISMISSED AS CRACKPOTS; NOT WORTHY OF LISTENING TO...DESPITE THE EXTREME LOGIC OF THEIR STATEMENTS.

THE CURRENT CRISIS WAS CAUSED BY EXCESS DEBT...DEBT FOR CONSUMPTION AND DEBT FOR ASSET SPECULATION... AND THIS WAS ALL CAUSED BY EASY MONEY...NOT TIGHT MONEY...

BACK IN THE 70'S AND BEFORE...WE HAD THE NOTION OF "TAKING THE PUNCH BOWL AWAY...."

WHEN HAVE YOU HEARD THAT CONCEPT MENTIONED IN THE LAST COUPLE OF YEARS...? NEVER...!

NOW INSTEAD OF TAKING THE PUNCH BOWL AWAY...THE NOTION IS WE NEED EVER BIGGER PUNCH BOWLS!!

SO THE CURE FOR EXCESS DEBT...IS MORE MONEY PRINTING...AND LOWER RATES!!

THE CURE FOR FOR DEPENDENCE ON IMPORTS AND CONSUMPTION...IS MORE CONSUMPTION AND MORE IMPORTS...

YOU SEE THE PROBLEM...?

ITS A FAILED PARADIGM...!

SO DON'T EXPECT THE RIGHT ANSWERS....ANY TIME SOON...

BECAUSE NO ONE...NO ONE! IS EVEN ASKING THE RIGHT QUESTIONS YET...

INDEED, THE "SOLUTIONS" ARE ONLY CAUSING THE DOWNWARD SPIRAL TO ACCELERATE...!! THE SOLUTIONS ARE NOW PART OF THE PROBLEM...

BORROWING A TRILLION FROM CHINA SO AMERICANS CAN SPEND MORE ON CHINESE IMPORTS...?

WHAT'S WRONG WITH THAT PICTURE...?

THE ARGUMENT AGAINST "REALITY" ...IS THAT :

"AMERICANS CAN'T TAKE THAT KIND OF PAIN."

OR WORSE THE ELITES ARE AFRAID OF THE FALLOUT WHEN THE AMERICAN PUBLIC FINDS OUT THAT THEY HAVE BEEN THE VICTIMS OF A PONZI SCHEME THAT WILL MAKE BERNIE'S 50 BILLION LOOK LIKE CHUMP CHANGE!!

THE ELITES ARE SCARED SHITLESS THAT THE PEOPLE ARE GOING TO FIND OUT WHAT HAS REALLY HAPPEN TO THE US ECONOMY...!!

AND DEEP DOWN...YOU KNOW THAT IS TRUE...

BUT THE PUNDITS KEEP ON TALKING...!!

AND THE "UNDISCUSSABLES" ARE NEVER MENTIONED...

IN THIS ENVIRONMENT OF EXTREME DENIAL...AND ELITE FEAR OF THE TRUTH...

GOLD AND OIL AND HARD ASSETS ARE THE ONLY WAY TO GO...