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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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The Best of Jim Cook Archive

Best of William Histed
December 13, 2011
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When I was a boy, I thought about becoming a medical doctor.  Many of us want to take a course in life to help other people...some young people dream of being a pastor to help others see a spiritual side, creating music, being a police officer or firefighter, a journalist, an attorney...all with the idea of helping our similar kind.
As I grow older, I see about any job...any career, helps someone in some way, or it would not exist.
A car mechanic helps others who have car problems. Convenience store clerks help people who need food or gasoline when other stores are closed.  A cook solves a desire for food.  Most every position in life solves a problem for someone, or it would not be needed.  A janitor solves a  desire for cleanliness and order.  A "picker" of food helps solve a hunger problem. There is no job insignificant to someone, or it would not exist.
As a boy, I started reading a lot of books about medicine and health.
One thing I read many years ago never left me.
A writer in a medical book designed for medical students said one of the most missed keys is what he called "the accumulative effect."  There are some things you can do occasionally and maybe appear to get by with it.  But do it repeatedly, and it will devour you.
This explains our current national and world economic crisis.  It didn't just happen in the last week or two.
There were warnings from many great men and women many decades ago that if we followed the path we took, the final results could be predicted.
We called, or at least assumed to be, such people as Barry Goldwater, Ron Paul, Jim Cook, Jerome Smith, Robert LeFevre, Jim Dines, The Aden sisters, R.C. Hoiles, and others, "radicals" or at least persons barking up the wrong tree unnecessarily.
After all, the government and politicians had the wisdom and power to fix any problem you could name.
But now, it seems everything, from the Federal Reserve Bank to the International Monetary Fund to the U.S. government to the European Union to Russia, have broken down.
It seems the world, generally speaking, is in turmoil and crisis right now.
There goes that term from the medical book I read when I was 15 years old.  The "accumulative effect."  That's as far as I got in medicine...but I never forgot that catchy phrase..."the accumulative effect."
I did not have the grades in science to get into medicine if I wanted to a couple of years later, but one of the biggest lessons Iver learned was from that three word phrase, "The accumulative effect."  There are other names for it...."the straw that broke the camel's back"...."not knowing when to quit"...."too much of a good thing"..."be careful what you are wishing for,"  "the small leak that finally sunk the ship,"  "the law of averages finally catches up with you,"..."the rubber band finally snapped."
Here, basically, is what "the accumulative effect means."
You may drink yourself stupid a few times in your life and get by with it.  But drink a quart of liquor every day, and it will shorten your life, perhaps ruin your health and maybe kill you.
Gorge yourself on holiday meals or a few times a year and it may not do you much long-term harm. But eat an extra 1,000 calories a day for years, and you will develop all sorts of health problems that may include such things as high blood pressure, greater risk of stroke or heart attack, joint problems, greater chance of diabetes and the list goes on.
Your body can go along for a time without water, food or even certain vitamin.  Again, you are dealing with the "accumulative" effect.  What you are doing wrong is deadly, but you don't think so because you have gone along so far with that conduct.
But suddenly,when you least expect it, REALITY CATCHES UP WITH YOU. Truth is not a respecter of persons.  This is what has happened to the U.S. and world economy.  What we got by with so long that was wrong, finally can't go on as it has in the temporary past.
Sadly, as a newspaper editor, I have written about some people around my area who were into harmful substances. I'm talking about illegal drugs.  Some well-known people in the area thought they could do drugs occasionally.  One person told me he was into "recreational drugs."  I did not associate with him personally, but he was a figure about town.  In time, the law of averages caught up with him and he died of an overdose.
Our economy and the world economy has found that law of "the accumulative effect."  You might be able to do something for a long time, but everything has its final limits.
There have been criminal cases of a little bit of arsenic or other poisonous substances being delivered gradually to the intended the victim.  The victim appeared fine for a long time.  The poison was not fatal...until enough of it was ingested. 
The Federal Reserve Bank and the Congress that has enabled it got by with a lot of stuff for a long time. It seemed there was nothing wrong; the Federal Reserve Bank worked its miracles with paper. Some critics though the patient would not survive this long and they were dismissed as crackpots and radicals.  But eventually, the law of accumulation ruled. The problem with handling a potentially deadly a snake is you can get snake bitten.  It only takes the wrong occasion to get "bit."  Some do appear to get by with it...but such things have a "hook" in them that you can't predict.

By brother is a head attorney for a large insurance company and he will tell you that the insurance industry is basically all about risks and the eventual law of averages.
A driver, or homeowner may do something stupid a few times, but the more you do the unsafe things...the longer you let the behavior continue...the greater the change of a catastrophe.
And so it is with economics.
At some point, you can put so much heavy weight in the box that when you are least expecting it, the bottom suddenly crashes out.  This is what has happened to the world economy.
Fiat money, huge debt creation, political lies, central banks with nothing but paper magic may go along for some time just as putting bricks in a paper box---and suddenly, the thing you felt so safe with suddenly collapses before your eyes.
You can't believe it, because with your own eyes, it appeared to work well for the longest time.
You may get in your car and race down the highway for the next 30 days at 90 miles an hour.  You may not get pulled over.  Maybe you were just lucky and no law enforcement was around.  But in time, the longer you do it, the greater the chances of getting "busted."
Some behavior, whether over-eating, over-indulging in hard beverage or drugs, or simply printing "paper money" out of thin air, can go on a long time.  And since the behavior was not stopped  the very first time or two, some people feel it is alright to do it.
It appeared for many, many years that the paper bankers at the Federal Reserve Bank and other foreign central banks were money gods.  What they proclaimed was reality.
I can get in my car and drive down the center of the street, and maybe, for a while, I'm okay. But eventually, someone will confront me that brings me back to reality.
There is really very little behavior that you can't get by with for a time.  You may lie, but in time, lie enough, you will be found out.
Great embezzlers historically often went undetected for many years.  But when the you-know-what hits the fan, the game is up.  It may be an over-used example, but Bernie Madeoff shows how long you, or anyone, including the politicians, can keep an illicit game going virtually undetected by the masses.
For several generations now, we thought that once what seemed to work would work forever.  We forgot about "the accumulative effect."  You can create enough worthless paper and it may be ignored or trivialized.
But in time, the final ton sinks the huge ship.
Some petty crooks and even big crooks can get by with something for so long until it catches up with them in a big way. The world economy has now caught up with our political governments that finally broke the rubber band.
What the U.S. and world forgot about was MODERATION. 
I maintain that certain conduct can be absorbed if in a small way or with moderation. But as a river or a runaway train that picks up speed and goes out of control, there is no stopping it.
I can smoke tobacco products a few times in my life and it may not hamper me in any meaningful way. But if I smoke a pack or two of cigarettes a day, the clock starts clicking.
What has happened in, what began as a trickle with the Federal Reserve Bank, huge government, political solutions to every problem in life became a stream.  No one was concerned about FLOODING in the earliest stages.  Then the stream of social problems, never ending wars, became a tributary of a river.  In time, our self-abuses as a nation and political world became a river.  Then, a flood-swollen river.  Deficits, as a gathering storm, go from millions to billions. Then to trillions.
Embezzlement of hundreds of dollars grows to thousands and then hundreds of thousands.
A train out of control gains momentum the further it goes downhill.
And now, we are swamped.
This is what has happened, we are SWAMPED as an economy, as a political state and as a society.
Temptations yielded to greater temptations.
Small, seemingly innocent flirtations with what we really knew was wrong became full blown scandals.
There are many types of conduct as individuals, as societies and as nations, we can probably get by with. That doesn't make the conduct right, but it does not dominate your life.
Do something wrong long enough, often enough and it will dominate about everything else in your life.
That is what has happened with world central banking, big government around the world, deficit spending, huge debts.
The dam has broken after so much pressure for so long.  So many people were convinced the dam would hold because it held the water back for so long and no one really questioned it. In time, the dam was compromised because of too much volume against it.
Gravity in time reveals its law whether in physical law or in economics and politics.