I love a good conspiracy theory, and I have a few myself regarding red lights and government corruption. This guy, however, needs to check his tinfoil hat for lead content. I give him extra credit for delivery and follow through. His web design made me smile, and he even has T-Shirts!
We are witnessing a bipartisan media convergence. The recent phenomenon of prominent Republicans criticizing Rush, only to issue a groveling apology the following day, finally reached its peak with Michael Steele, the supposed head of the Republican party. My favorite headline of the week came from Wonkette: Rush Limbaugh Has Balls Of Steele. Rush has a sizable set of followers in the Republican party, and is unlikely to try and squash the rumors that he is the real voice of the GOP. The left sees his high negatives and is ready to help the Republicans rally around a leader with a low ceiling. It is Hillary all over again. In the above video Ron Paul shows that you don’t have to be in the center to appeal to the center. You just have to have some real honest solutions. In order to do that these days, you can’t stay with the party line, of any party.
Saturday Night Live has also weighed in on the issue, which means it has truly reached mainstream proportions. (via the Intellectual Redneck)
What would you do if you had seen the future? If you knew, for a fact, who was going to win the next Superbowl? I think most people would start taking out loans. A lot of them.
The president of the United States is in an interesting position. To some extent they can see the future, not because they know what will happen, but because they hold the playbook and call the shots. Unlike the time travelling gambler, the president is both under a lot of scrutiny, and has a lot of responsibilities to the nation. To some extent their power transcends the petty desire for the big payout. Put yourself in their shoes. You see the economic failings. You see the coming crash and subsequent long path back to national solvency. What do you do?
You plan. With a team of economic advisers and more information at your request than any other individual in the world.
There is a science based religion out there that exists on the premise that we strive to create increasingly realistic computer simulations of the world around us, therefore, it stands to reason that the world we live in is likely such a simulation. I would propose a similar theory. Our leaders believe that by tampering with the free market, they can make it do their bidding, therefore it is quite possible that most of the economic drama that has unfolded in recent years was not by the natural course of economic chaos, but by design. The availability of credit, the housing bubble, the crash, and the bailout, all part of a bigger plan. Think back:
We had begun losing agriculture and manufacturing to countries who were able to work with lower standards and cheaper labor. This led to a trade imbalance as it became cheaper to buy foreign goods than domestic.
So the question arises, how do we devalue our currency enough to stem the bleeding of outsourcing?
The banks don’t want inflation, it devalues their holdings. If we try to create inflation, the banks will fail as inflation goes higher than their interest. Investors, manufacturers, and rich people in general will lose money and blame the government.
How do you create inflation while looking like the hero rather than the villain? Debt. Those in debt will welcome it.
Make them think they see the future, give them their credit, and when they are overstretched?
Cut off the credit. People will stop buying, sellers will drop prices in desperation. Now what?
Threats of deflation. When deflation and debt come together you have defaults.
Defaults crash the banking system. The government gets to arrive as the hero and print money to give to the banking industry and whoever else it wants, all in the name of saving us from deflation. Those who saw the future, made the future, profit.
As we snap out of the illusion of deflation into hyperinflation, the bailouts save the banks, our debts get relatively smaller, industry returns under a weaker dollar, and those who made the future profit again.
President Bush made it a priority to get people into homes. He lowered the interest rates and made sure everyone could get loans. His administration later cracked down on subprime lending. He printed the money and bailed out the banks, and then the Harvard MBA handed over the reins and sold his phony cowboy ranch in Texas. How much of the stupid was an act?