Sunday, July 26, 2009

The Truest Victims of the Economic Downturn

...[E]conomic death has always befallen every country so stupid as to allow an unfettered creation of more and more fiat currency, especially a country as unbelievably stupid as the modern United States in allowing an unelected, shadowy, un-audited, secretive bunch of international power-broking thieves and useful idiots who call themselves the Federal Reserve to create so, so, So Damned Much (SDM) excess money and credit, over such a long period of time, that it spawned huge inflationary bubbles in stocks, bonds, houses, derivatives and (most importantly) size of government (e.g. federal, state and local governments collectively spend half of all money spent, half of all Americans receive a government check every month, 1 out of every 6 workers works directly for a government, which does not even count whole swaths of people who are not literally government employees, but who receive all (or most) of their income from taxpayers!)...
The Mogambo Guru (Richard Daughty) is angry at the Fed for inflating the dollar and, by doing so, increasing the size and scope of government control over our lives by making many of us dependent upon it. Actually, he is just angry. Note: the quote above is only part of the longest sentence in his essay.

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