26 February 2010 - 16:44Market Commentary 2/26/10
The economic situation we face today caused by the actions of the Federal Reserve and the government can be compared to the situation a drunk and his co-dependents face when he starts to sober up and realizes what a mess he has made of his life. The Fed, our government and the drunk can either decide to face the facts and realize the pain or continue to imbibe and completely destroy ourselves.
So far the fed and the government have opted to continue drinking, much to the detriment of those who are codependent to them. We are told that the consequences of not continuing the destructive behavior (deficit spending, debt monetizing) would be unbearable, the pain to severe to contemplate much less deal with. That in fact those actions will solve the problems we face instead of make them worse. Just like the drunk will deny he has a problem or say that he cannot stop drinking because it would force him to experience emotional and physical pain he doesn’t want to contemplate much less deal with.
Well I am sure we all know someone who refused to face facts and drank or drugged themselves to death or incapacitation. Now our “leaders” elected or otherwise instead of admitting that the economy has become unmanageable and that they are powerless over their addiction to money creation, spending and economic engineering are going on a binge even worse than before. Their addiction is progressive much like alcoholism, as even some “progressives” are starting to admit. The end result of which will be either the death or incapacitation of our nation, which the historical record has shown to befall all democracies due to loose fiscal policy and drunks who don’t put down the bottle.
The Federal Reserve and government must admit a power greater than themselves can restore us to sanity, the U.S. Constitution. After such realization the fed & government must turn their will and lives over to the Constitution as they understand it. At which point they must make take an inventory of themselves. Admitting to God, themselves and the American people the exact nature of their wrongs. After which they must be entirely ready to have the Constitution remove their defective policy. Humbling themselves, them must ask the American people, other nations and free markets to remove their shortcomings. By selling federal land and equipment not necessary to the defense of the nation and dividing the governments gold stock by all the dollars in circulation to stabilize the dollar.
Once steps 1-7 are finished, the government (the Federal Reserve no longer exists) needs to make a list of all those nations, organizations and individuals they have harmed and make direct amends to them whenever possible except when doing so would hurt them or others. Going forward the federal government will continue to take inventory and when wrong promptly admit it. Through listening to constituents and meditating on the Constitution improve their conscious contact with the Constitution, praying only for the knowledge to follow the will of the framers.
Finally, having a political awakening as a result of these steps, our country would carry this message to the hopeless governments and banks of other countries, practicing these principals in all our affairs.
Will this be painful? Of course it will, is it necessary? Absolutely, the only alternative is the complete subjugation of our country to worldwide government since we are incapacitated or the death of our nation, resulting in anarchy which is always followed by dictatorship. Much as the drunk either ends up with wet brain or dead from drink.
How do I figure this? Well consider that our money supply was doubled in a few short months at the end of 2008. Consider the rally in the stock market is purely inflationary, has failed the 50% retracement and that much like the suckers rally before the great depression will lead to a bigger crash than before. Consider that the government and the fed’s response will be to create more money out of nothing, and the government spending it into circulation for bailouts, warfare and welfare will lead to hyperinflation and even more widespread poverty and unrest.
Their “solution” is like picking up another drink to kill the pain of being a drunk, it can only end badly.
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