Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. They want rain without thunder and lightning, they want the ocean without the awful roar of its waters. This struggle may be a moral one; or it may be a physical one; or it may be both moral and physical; but it will be a struggle. Power concedes nothing without a demand… It never did… and it never will… Find out just what the people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them; and these will continue until they are resisted with either words or blows, or with both. The limits of tyrants are prescribed by the endurance of those whom they oppress.” ~Frederick Douglass (1857)
“The Banks got us into this mess.” ~ Lord Robert Skidelsky commenting on the Euro Crisis during a June 11th Bloomberg Surveillance interview with Thomas “Bowtie”Keene.
Perhaps anyone with a “Lord” in front of their name is unfairly jaundiced in my eyes, but a Lord “Keynesian” is two strikes too many in my book…especially these days! And Skidelsky’s “feed the pig” pleas followed the Squawk Box interview with Earth Institute’s Jeffrey “The Sustainable UN Puppet” Sachs. Talk about a one-two punch! Listening to Sachs pontificate on a remedy for the Euro is akin to looking to Hannibal Lecter for relief from cannibalism!
My wife and I watched the HBO movie Too Big to Fail over the weekend! The movie ends with Treasury Secretary Hank Paulson, played by William Hurt, staring out the window after successfully begging Congress for $800 Billion to bail out the big banks…wondering what they would ultimately do with the money! That’s right…our government gave the banks $800 Billion with no proviso to ensure compliance with the intended objective: To get it into the hands of the small business job-creators!!!
Imagine our economy as a patient with a blocked airway wheeled into the hospital emergency room for treatment. As the patient lies desperately gasping for air on the gurney, lips turning blue as the ace medical team of Geithner and Paulson administer the much-needed oxygen feed…up the patient’s rectum! Calling Dr. Howard, Dr. Fine, Dr. Howard! Hmm…I guess that would make it a Financial Suppository, eh Dr. Timmy?
So what are the symptoms of Square Peg Disease? Well in order to answer that we need to examine the patient in the three regions of his body; economic, political and religious:
In other words, with our Economic House engulfed in flames, the Bloomberg/Squawk Box Fire Brigade responds with Pump Trucks full of gasoline…while a President, who seeks to replace God, looks out from his throne to say “They’re doing just fine.”
No Lord Skidelsky, it isn’t the banks that got us into this mess! It is our own endurance of and submission to the very wrongs and injustices that Douglass warned us of so many years ago. Four years ago we were conned into bailing out banks and industries. Today they are back looking for more. This time they need to bail out an entire continent!! What about four years from now? Is this why they’ve intensified the race to find life on other planets…so that in 2016 we can bail out the earth via some celestial central banking constellation?? Please tell me you see the evil gall and sheer lunacy of these cretins!