So, what are you going to do about it?
by Wayne Razzi
Posted on Rick’s Picks, June 3, 2011
[More than the torrent of fundamentally worthless money the central bank has pumped into our financial system, it is lies and delusions that have so far sustained prosperity’s dying gasp. In the guest commentary below, Wayne Razzi argues that there are worse things to fear than economic collapse itself – namely, the loss of basic rights and freedoms as hard times causes politicians to seek radical solutions. –Rick Ackerman]
MY LAST PREDICTIONS HERE COULD LOOSELY BE summarized as follows: “Why what should happen probably won’t because they’ll do whatever it takes to achieve their outcomes…” The recent replay of the 1980 Silver Heist, with its curiously-timed margin hikes, reinforces the suspicion that Their playbook hasn’t changed in the interim. I reference it only because it appears that the powers that be are about to enter another phase during which they’ll need to work their old plays aggressively.
As I survey the sphere, I see something resembling reality attempting to intrude upon the farcically engineered state of stock-market utopia that’s been presented for our consumption by the ever-reliable mainstream media (MSM). I feel embarrassed to write this, but is it still possible that a correction could be allowed to occur? It certainly seems overdue. Dig around a little and you’ll find that the GDP is closer to 0.5% – and likely on its way to below zero in real terms if you strip out all of the government life-support contributions and tune out the illusions.
I can no longer enthusiastically offer economic and market prognostications as I once did. Doing so seems as pointless as the staged events and staged reforms that will surely follow. The reason? Dark clouds. These are what preoccupy me almost exclusively, for they figuratively represent one of the most important questions of these times.
A quote from the French economist Frederic Bastiat is appropriate here: “When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.” And here’s another from John Madden, coach of the Oakland Raiders at the time: “Everybody says the Raiders cheat. OK, we cheat. So, what are you going to do about it?”
We and many at other forums and alternative-media sites, know They cheat. We also know, in many cases, how egregiously They cheat. So, what are we going to do about it? All of us should now know that we wake up every day, consumers of a fraud slickly packaged by the MSM. Economist Paul Craig Roberts quit attempting to bring the truth to light after decades of failed efforts that he ultimately described as futile. He said the American public was not able to believe their own eyes, ears and minds.
So where does that leave us? At the moment, we are prisoners laboring in futility. Hyperbole? Not at all. The Powers That Be could change the rules at any time, altering property rights and basic freedoms as they are wont to do – and which they will soon find themselves needing to do radically. Check out the new and improved Patriot Act to get a sense of where things are headed.
Exploitation of humans by other humans has a much longer history than a mere few centuries. Under the circumstances, an off-the-grid solution, although highly attractive in some ways, remains vulnerable if not executed in conjunction with many like-minded neighbors. And even in that case, it remains far from a sure thing. This effectively forces an unavoidable confrontation between those who cherish true liberty and those who are willing to deploy coercion in its many forms to restrict liberties. And although what we face is nothing new under the sun, it might be the most important question of these times: “So, what are you going to do about it?”
Written by aurick
08/06/2011 at 1:17 pm
Tagged with banking fraud, currency manipulation, debt, debt slavery, depression, economic collapse, economic crisis, financial crisis, Financial Meltdown, Frederic Bastiat, Patriot Act, systemic fraud
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