Tuesday, October 4, 2011

Fun With Fiat Currency : The Windup

I'll bet you less than 1 in 1,000 people you meet know enough about basic economics to even be able to understand what is happening. I think the majority of the Western world are a lot like that female journalist who wanted to know who is backing gold as a currency.

You can't replace real people with consumer units and expect the machine to keep working. There is no precedent in history for that. Any nation that thinks it will continue to prosper just "because" is always on the brink of complete collapse.

The wheels fell off Kwanzania and nobody in charge has any idea how to put them back on.

"On the day when you again allow abominable men to confiscate your freedom, your money, your lives, your private property, your manhood and your sacred honor, in the name of"security' or"national emergency' you will die, and never again shall you be free. If plotters again destroy your Republic, they will do it by your greedy and ignorant assent, by your disregard of your neighbors' rights, by your apathy and your stupidity. We were brought to the brink of universal death and darkness because we had become that most contemptible of people -- an angerless one. Keep alive and vivid all your righteous anger against traitors, against those who would abrogate your Constitution, against those who would lead you to wars with false slogans and cunning appeals to your patriotism."

--Taylor Caldwell,"The Devil's Advocate"(1952) -- pgs. 332 -- 338

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