Democracy Or Idiocracy?

“Fight Against Stupidity And Bureaucracy”

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democracy canceled

Have you ever wondered how the United States of America has managed to accumulate debt of $18 trillion and rising?

Part of the answer is pretty easy really.

The country is being run by people who can’t count. By people who do not realize that you cannot indefinitely live beyond your means.

Try doing what the government does at home and see how far you get? You can’t print money (legally) as a short-stop measure so the effect on you will be immediate. You’ll go broke!

The government and has been printing billions and billions of dollars, but all this has done is to postpone the inevitable and pass on the problem to future generations.

But not being able to count is just one part of what’s wrong. It’s a big part, but it does not tell the whole story.

What is also wrong is the amount of money that the government and their stupid minions waste.

A small, but good, example of this was accidentally uncovered during the 2014 investigation into the handling of interrogations of terrorists by American intelligence agencies.

Here we discovered that $81 million of taxpayer money had been paid to a pair of so-called ‘psychologists’ who were at the head of these interrogations.

Not only that, but it turned out that neither of these two people had any prior knowledge of al-Qaeda, no experience in interrogation techniques and no background in counter terrorism.

That’s zero experience on all three counts!

To add insult to injury, they were also promised an additional $5 million in indemnity costs to cover all legal expenses for any potential criminal investigation and prosecution through 2021 as well as paid more than $1 million individually.

This sort of idiocy permeates all sections of government. The waste is colossal. So colossal that the tax paying public very seldom, if ever, gets to hear about it. And if and when they do it is invariably too late to do anything about it. The money is gone. Wasted!

That’s part of the reason the United States imposes the world’s highest corporate tax rates and why it is one of the few countries in the world to impose a “worldwide tax” on domestic firms and on its citizens.

America likes to try to impose ‘democracy’ on other nations in the world, especially the ones that don’t understand it and don’t want it.

But with ‘democracy’ should come ‘accountability’.

Clearly is does not.

Therefore the system we really have is an ‘idiocracy’, not a ‘democracy’.

Let’s start and call it what it is. It’s a much more appropriate name for what is going on!

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idiocracy poster

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The Sunday Sermon

“Fight Against Stupidity And Bureaucracy”

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Can’t let the month end without another Sunday Sermon.

This time a little bit of an update on the political and financial scene as I see it.

So far the Obama administration is doing great! (That was a little sarcasm in case anyone didn’t get it.)

Troops are being sent to Syria and soon we’ll get bogged down in another mess that’s none of our business and will probably take many years and many lives to get us disentangled from – leaving behind chaos and confusion and a worse situation than the one we tried to fix.

obama-milking-us-economy-dry_cow_

Meanwhile the economic crisis continues. Not that you’d notice. The sham recovery has meant that stocks have been on an upward trend, bonds have been doing well, and confidence is high.

And all because….

….well all because the Fed continues to print money and pour it into these markets.

bernanke printing money cartoon

Or at least it has been.

Then Bernanke made a statement a few days ago to “clarify” the government’s position.

Oh dear me!

He said that the government would… he thought… he hoped anyway…. assuming nothing unforeseen happened…. at least nothing major that they didn’t see coming… that they would ease off their money printing and bond buying… or at least they might… soon or maybe later… but sometime at least… well, it was being discussed…

Needless to say with that dithering statement confidence immediately melted away from the market and the DOW headed down by more than 500 points. In fact investors and brokers seemed to be selling everything, not just stocks and bonds but gold and other commodities too. Not quite panic but definite unease was clear to be seen.

The only reason it didn’t all collapse is that while the underlying message is clear, the Fed’s delay in implementing their tap turn off gives investors a little more time to make a little more money  –  they hope.

The problem with that is knowing when to sell. And that is the trick that has eluded investors from individuals to hedge fund managers since the markets began.

What Obama and Bernanke want is crystal clear. They see the folly in printing money and buying bonds at near $100 billion a month and they know they have to stop it eventually otherwise an even bigger financial catastrophe will result.

Their problem is they want to stop it without causing a massive market correction.

bernanke economic growth

And that, as Samuel Goldwin used to say, can be summed up in two words – im possible!

It will be interesting and perhaps a bit painful to watch what happens next.

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