What's amusing is that people [including two close relatives] thought it best not to vote for Ron Paul because other people wouldn't. Not because they thought his ideas are bad. That's altruism in the extreme - voting for somebody you don't want so that you back what other people think rather than what you think. That seems to have been the main reason to not vote for Ron Paul.
Now it's going to be Romney vs Obama and Obama will win, with melanin-rich people and women voting for him in hordes. Bludgers vs producers. As Greece has showed, bludgers never know when to stop. Greed knows no bounds. Bludgers think that they might as well get their piece of the action because if they don't, others will. That's the tragedy of the commons applied to producers. After a while, producers give up producing, of course, as happened in USSR and Mao's Maelstrom, on dopey Hippy communes and anywhere else where somebody works and somebody else takes it.
With the free hand he will get after this election, Obama will pull out the stops. Fortunately, Congress can stymie him, as can the Supreme Court, but they are stacked to the gunwales with socialist wealth redistributors so they will likely be in tune with him.
I repatriated some funds recently. I don't want to be the last one to flee. I need to do it sooner rather than later. There has been a considerable exodus already, with gold near $2000 and the US$ in the gurgler. When the run on the bank gets going and the "Bank Holiday" is announced, it will be good to be on the right side of the fence.
With coast to coast deficits and no politically acceptable way out, there is no chance that the Fed can simply dilute their way out of the problem without causing a huge stampede.
In Atlas Shrugged, the producers went on strike. How to force the producers to keep producing and handing it over will be a considerable problem for Obama.
Mqurice |
