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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Aubie Baltin
September 8, 2011
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Financials have always Lead the stock market and this time was and is no exception; projecting the Selloff and as usual most were not listening: They have been leading the market down ever since 2008. Yet BAC and C remain in Kramer’s Charitable Trust. They are Bankrupt in spite of $2 trillion in bailouts and at least $6 trillion in Zero Percent loans for going on 3 years now and the FED will still not come clean as to how much money and to whom it has actually lent (given) money to.. There is no question now that there is a barrel of troubles all around the World but especially in Europe and America. But what surprises me most is that either NOBODY recognizes what these problems are OR they refuse to face the facts. Not only are the Giant Banks in Deep Deep DODO but so are their Central Bankers. The problem is really simple, yet everyone seems to avoid talking about it or is it possible they do not yet realize it?  Socialism doesn’t work and was doomed to fail from its outset; even though it should be obvious, since it has failed miserably every single time it has been tried.

The government has been using the Banks just as they used FREDDY and Fanny; to institute social policy, by passing congress. It may have taken 40 years or so but fail it must. Margret Thatcher hit the nail on the head, when she said and I quote. “The trouble with Socialism is eventually you run out of other people’s money.” The same goes for too “Big To Fail”. Failure is part of the Capitalist System. The renowned economist J. Schumpeter a contemporary of Keynes explained it perfectly and termed it “Creative Destruction”. We must let the companies including the “too big to fail” Fail, in order to release both money and more importantly people and resources and then let competition determine which new companies, products and systems will take over and provide the new products and services that a growing economy needs and wants (signaled by The peoples willingness to pay); and stop doing the things that the public does not want and refuses to pay for.  More importantly, allow the free market to determine what products and systems that our modern economy needs, and wants, by it’s willingness to pay. There is no way the government can do that. China and Japan do not invent things they are just excellent at stealing technology and copying them often at a cheaper price; after all they do not have to waste any money on R&D.  And it is only a free Market that can determine what that is. In plain English “its time to let Capitalism take back its Rightful Place in our Society if we ever expect to regain our solvency and what used to be an ever increasing standard of living, that all our people have grown accustomed too”. Socialism has failed and it is time we recognized that before its too late.. There is no possible way we can permanently fix a system that was created to fail from its very beginning. It was only because the usurping power of Government and the tremendous earning power of Capitalism that has allowed Socialism to last as long as it has.