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Jim Cook



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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Best of William Histed

July 31, 2012

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The daily news is ablaze with economic debate and hand-wringing.  What do we do to keep our economy from falling off the cliff?  About everyone admits the U.S. economy and virtually the entire world economy is setting on the edge of a precipice.

One worried group feels its economic future depends upon "The Fed" or other central banks of the world to add more water to the already watered down milk by increasing "the money supply."
  It is all made to sound so delicate, mysterious and mechanical.  Should The Fed introduce QE3?  It sound like the christening of a new ocean liner.  What about the European Central Bank, should it "stimulate" more?  Can China held our economy through more "stimulation."

Nearly everyone has an answer for treating the diseases we are afflicted with; few look for the causes of what may very well befall us and how we got to this point.

Another group argues that the legislators of the world need to change the course the world economy is headed by passing another maze of regulations on everyone, especially businesses.  They believe legislation is the answer to our economic woes.

One group says the answer is in making the wealthy pay more in taxes to the government.  Another interest group argues that government must increase debt to counter current problems created by too much debt to begin with. In other words, to cure the alcoholic now in a stupor, provide more alcohol, and quickly.


A major encyclopedia defines the word morality as "manner, character, proper behavior and differentiation of intentions, decisions and actions between those that are good and right and those that are bad and wrong."  The word comes from the Latin word, "Moralitas."

What few fail to realize is that most of our economic problems are a reflection of
morality and ethics.

Look at the balance sheet of the government of the United States of America, and I will show you a culture that for decades wanted to enjoy more wealth than it had rightfully earned.

The largest debt and deficits are very telling.  To a sober person, they sting and they stink.  Our nation's economic balance sheet shows for what it is.

It shows you a nation whose multi special political interests triumphed over what was good for the country as a whole.  The federal balance sheet shows you a culture where many wanted to get from others through the government more than they wanted to give to others.

 Ditto for many European nations, many African nations now suffering hyperinflation.

When you look at the balance sheets of the U.S. government, many European governments, many African governments you see a photograph of greed, envy, selfishness and the ages old art of trying to get more out of the pot that you put into it.

Many economics of the world now are ravaged by debt.  A country preacher I once knew said that too much debt is a sign of very poor character and outright lust.

This is about what he said as it was years ago, "We can talk all we want about sexual lust, about a whole list of sins, but people (and governments I am adding here) that are in trouble with too much debt are guilty of the sin of lust."

He said that debt troubles is a sure sign of people who wanted to enjoy something before they had rightfully earned it.  It is a sign of great impatience as well. 

If you take apart the huge U.S. government debt, you will see a long parade of interests that added to it: government vendors, politicians who wanted to show their power in handing out foreign aid, wars that often did not need to be fought, the huge and growing military and veteran's establishment, millions and millions of citizens on relief and welfare in various forms, bailouts of huge corporations and banks and the list goes on and on.

It is simply a matter of cause and effect.  The causes of our national and world economic bellyaches today are just as obvious as why someone weighs 350 pounds.

It wasn't always this way.  A close, historical look at the United States shows many years in the beginning where government wasn't looked upon by many millions of citizens as a milking cow....a wedge to be used to get the upper hand on others.

For much of our early history, large deficits and debts were generally unknown. 

Another way the world's fiat economies have shown corruption is through manipulation of "money supplies."  "Money," or "currency," two different words,still denote the concept with many people of some stable measure or weight.  But no longer.  A dollar today is not going to be the same dollar ten or 15 years from now.

More water is added to the milk every year. You can't trust the fiat currencies of the world for the long-term for being any honest weight or measure.  This is another sign of the lack of morality that has brought our nation and the world to this point.


Probably few things today bring self-denial and the blame game as much as the question of who ate up all of the wealth of a nation.  An avalanche of federal employees, who studies show are paid twice as much as private sector employees for the same work, say the problem does not lie with them.

Nor, do government contractors, Wall Street bailout beneficiaries or veterans' organization stand in line to take any blame for our bloated debt about ready to sink the nation.
In short, no one is to blame for  largest debt and deficits in the history of the entire world.  Someone else did it.

We have lost much of our sense of shame.  Hollywood stars, TV celebrities and even politicians seem to think indiscretions come with the business and are just a part of life.  Some even bask in behavior that two or three generations ago would have ended careers.

But one thing people and institutions will deny and refute to their last breath is that they are any part of the problem of government debts and deficits that are about ready to blow up the world economy.

That's one thing that is still sacred.  If your special interest group is a part of the reason the government and the economy is in so much trouble, never admit it.
Hold your favorite drawer of government up to be beyond criticism. The other day, the U.S. government said that nearly HALF of all service people getting out of the service are claiming "disability."  Translated---Taxpayers will be sending them a monthly check for the rest of their some cases, 60 or 70 years from now.

But under no circumstances, can we criticize anything whatsoever having to do with our professional military.  But others claim to be sacred cows of government too. It never ends.


Despite all of the special interest groups making up what we call "the government,"
despite all of the daily debate and discussion about "the economy," one thing not in doubt by anyone is that we have severe economic problems in the U.S. and the world.  Again---anyone want to look at cause and effect in an unbiased way?

Does anyone want to know why the patient strangely has ballooned to 350 pounds and has a good risk of a heart attack, stroke or diabetes?  Did it just happen for no reasons?

There has been much in the news lately about Penn State University and the sex scandal there.  It has destroyed careers, reputations and even friendships.

Child abuse is one of the worst crimes imaginable.  Children are innocent,
naive, inexperienced, trustful of adults, afraid, powerless and most people hate to see a bigger, older, stronger person intimidate them or attack them. They usually can't defend themselves.   I don't know how someone could be an instigator of it or for what reason.  That would have to be a really sick person.

But I am going to ask a dangerous question here.
I don't think that ALL child abuse is physical or sexual.  That would be the worst kind, I imagine.

But aren't we, as a nation and many nations of the world also stealing something from our children?

Are we, the adults of the nation and the world making many of our children into economic and political prisoners by robbing them of their economic birthright?

How many individuals would hand a newborn or a child a bill for hundreds of thousands of dollars and say, "I spent'll have to pay for it somehow."

Isn't that abusing our children in another way no one talks about?

What kind of political system and government are we handing our children?

In the current election year, it literally billions of dollars in "campaign" contributions will be sought by the various candidates.  If this were some foreign countries, we would be talking about "bribes" to candidates and how corrupt their systems are.

We talk about protecting "the children."  I'm 100 percent for it.

But what kind of trash is our entrainment industry, most it sold by Wall Street firms, giving our children  The violence, the disrespect, the discourtesy, the hate, shown on TV programs let alone in the movies is another form of child abuse, in my opinion.  Some of the movie and TV fare commonly shown to our children lacks moral integrity, lacks hope for the future and is giving our young people a very distorted and twisted view of life.

Our society...much of the abusing our children
in a variety of ways.

But getting most of the attention is sexual child abuse.  Other forms of child abuse by our society is far more common and maybe down the road, just about as dangerous.