Thursday, August 4, 2011

Off the Cliff

Our political elite in their infinite (or is that infant?) wisdom have spent the United States into oblivion. The stock markets are reeling, down more than 300 on the Dow as I write, a reflection by investors of the confidence they have in our political (mis)leadership. We mere peons are told that we could not possibly grasp the sophisticated issues at hand much less the nuance that our betters are thanklessly navigating us through- to which I say "balderdash". The public generally understands that America is printing fiat currency with nothing but hope behind it and that the US Treasury has monetized our national debt. They have bought our Treasury instruments with more debt, paying for borrowed money with more borrowing. We are on the path to irreversible decline led by an evil cabal that is deliberately wreaking this destruction upon us. I will happily remain a prole with common sense while our cognoscenti confer degrees upon each other and self-congratulate in the manner of Onan.

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