Batten Down the Hatches!

I often complain that we have our own PIIGS, and that not enough attention is paid to them. California is our Greece, at least in that it will probably be the first to fall. (How you screw up a state blessed with the economic output of Silicon Valley, Hollywood and miles of agricultural paradise would be incomprehensible had it not already been accomplished!) Illinois isn't far behind, and could still pull out a win in these last laps. Our Portugal is probably Michigan, there being a strong parallel in the loss of industrial base. You get the picture...

Our saving grace thus far is the reserve currency status of the dollar, which makes us king of the fiat hill. In the long view, that's not much of a hill to be king of, and all signs now point to mid-1931.

Here are the "thoughts" of the economic rapist pulling the levers:

Oh, shit.

In the (paraphrased) words of the Mogambo Guru - "forget gold - I'm going long on canned goods and ammo"

Setting Things Straight: Who Owns Who...

"A man may have to die for his country, but no man must, in any exclusive sense, live for his country.

He who surrenders himself without reservation to the temporal claims of a nation, or a party, or a class is rendering to Caesar that which, of all things, most emphatically belongs to God: himself."

-- C. S. Lewis

Lenin, on Inflation and Taxes...

After viewing the video just below, ponder this juicy Vladimir Lenin quote: "The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation."

Does anyone still believe this is just one long string of unhappy coincidences???

Meltup

Behold the latest work of the National Inflation Association, entitled "Meltup" in a clever play on inflationary meltdown.

It's a dire warning of looming hyperinflation and national bankruptcy. Well researched and documented, showing a lot of the details of the mess and blasting well deserved holes in government statistics. It'll make you angry, and it should:

Necessity

Necessity is the plea for every infringement of human freedom.

It is the argument of tyrants; it is the creed of slaves.

~ William Pitt the younger, 1759-1806