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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 William Histed
July 8, 2009
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WHAT EVER HAPPENED TO RIGHT AND WRONG?

Daily in our expanded media, we see and hear statistics about the economy as if statistics are all that there is
to economics.
What about morality? Are there moral laws that deal with economics and how well they can work?

One of the things I believe that attracts some investors to silver and gold is the fact that they are real, physical
items---science even has a code name for them---whereas today governments and central bankers of the world can create as much "money" as they can imagine using computer keystrokes and printing presses.
One of the reasons tens of millions of people in this nation alone are in financial trouble is because they did not apply morality to their use (or mis-use) of money.
One of the great things lacking in our world today is self-control. Governments, politicians and obviously Wall Street and many large corporations have not demonstrated it.
The ability to wait....to save for the future has been all but discarded in the past geneeration or two.

Our economy is based on a debit-interest system that would have been hard to comprehend at one time in history.
As a balloon that must continually be inflated or it collapses, our economy now has so much excess debt and interest obligations it is in a period of collapse. The keep it propped up---to keep filling it with air---means taking away the value of the U.S. dollar. As some of us learned in general business class in high school, "The more there is of something, the less it is worth."
There is nothing behind the world's major currencies.It is amazing how something that seemingly is the oil of
the world economy has nothing of convertible value behind it. It makes you realize how one seemingly small event could trigger a currency collapse. If the public perception changes about world currencies, watch out!

History has seen all of this before. Fiat currencies are nothing new at all. Each time, it's on a little different
scheme....we've come a long way with computers at the Federal Reserve Bank when ages ago banana peels,
sea shells and even dead flies served as "money."
The greatest advances in civilization came with the use of silver and gold as money. They both offered durability,
divisibility, rarity, did not deteriorate and so on.
I firmly believe we have an odds-even chance of a world currency debacle in the next several years.
And those are chances most thinking people do not want to take.

The Bible talks about gold and silver often; in fact the Savior was betrayed for 30 pieces of silver. Today, it would likely be Federal Reserve Notes or some other thing. The point is, gold and silver were seen as money for thousands of years and it is well documented.
The Federal Reserve note has collapsed already, but many do not see it since it has happened over time.
The 1900 U.S. dollar is worth 1 penny according to the government's own figures.
How much do you think a Federal Reserve Note will be worth in 10 years? 25 years? 100 years? They might just be seen in museums and at coin shows.
I have seen in my own life the collapse of the dollar. I remember 5 cent ice cream cones, 10 cent hotdogs, 12 hamburgers at a famous hamburger chain and a new car for $2,000.
Sometimes, disasters don't happen in minutes, but over years. Bridges and dams that have collapsed were in the process of collapsing over years of abuse and failure to correct.
Getting back to the question of morality in money. Who would have believed, just a few years ago, that U.S. taxpayers would be forced to give trillions of "dollars," some of them created out of thin air....to private businesses and banks?
It was only a few generations ago when many Americans felt that government spending for anything other than very basic things amounted to theft from the taxpayers. Now, government is involved in just about every area of life---you name it---education, transportation, energy, car making, banking, agriculture, health care...and those are just for starters.
It's too bad that all of this great optimism for all the government can do for us is not reality.
The economic sysem remains in a free fall and it is going to get worse.
We have given away much U.S. industry, so even if the happy talk about a "full recovery" happens, what do we do about the trade deficit? What do we do about the U.S. budget deficit? With the graying of America, and the lower birthrate, let alone the greatest unemployment since the Great Depression, how will we pay for record Social Security and Medicare payments just ahead? The answer: create more funny money. And the public will wonder why prices keep going up, food containers in stores keep getting smaller and why so many people are not interested in saving anything because more "money" can be created on command in Washington.
It is hard to see how all of this economic disaster around us is 100 percent accidental. The "free trade" laws, the "bailouts" of some while others were permitted to sink....morality bolted from our economic life and the results certainly show the spoiled fruit.
We are reaping only the crops that we have planted.