Future as Reflection of Past

Mish brings Us another excellent Post on the foolishness of Currency intervention. He doesn’t mention the base, underlying cause for Currency intervention, which is One or more nations have embarked on a policy which violates basic economic principles, and other nations are attempting to prevent the economic disunion by the nation responsible actually paying for its aberration. Almost all analysts would softly assert that the Bush administrations were such an economic disaster; the soft assertion because the People who pay their Salaries and Benefits have all derived serious Gains from the corrosive economic polices. The rapacious Wealth reaped incredible advantage, while the total Community has suffered from the Excesses. Analysts belong to the Ten-Percenters, and do not criticize the One-Percenters who pay their Salaries.

The Section of Mish’s Post which reflected true honesty I shall repeat:

As long as the US keeps spending money it does not have on things it does not need and cannot afford, the dollar is going to be weak. If Paulson does not know that he should be fired. If he does know that he should have the integrity to come out and say it.

If the US wants a stronger dollar all it has to do is eliminate the budget deficit. If it wants lower oil prices all it has to do is eliminate the deficit, get out of Iraq, and stop wasting oil on needless military missions.

It's that simple but sadly no one in either party other than Ron Paul is willing to make those kind of statements. Instead the silly talk goes on and on.

The Terrorist Attack on 9/11 was indeed a terrible thing, but was Iraq and Afghanistan anything more than a act of hubris? Bush insisted on showing he was an ‘Action’ President, but there was no place to attack which could be turned into a media Event. Saddam could kill Millions, but he was brought down because of the potential ‘Air-time’ available. The Bush Tax Cuts were enacted only after the American economy was in the process of recovery, and there exists unexplored evidence that the Tax Cuts actually delayed the reorganization of the economy through lessening the value of already invested Capital by immediate increase of Capital Equipment Costs. The Tax Cuts quickly reasserted the growth of Federal Debt, and forestalled every attempt to curtail that increase. Iraq and Afghanistan quickly turned into a financial Sink, where needed federal revenues flowed down to a non-productive sewer at ever-increasing rapid rates. One has to ask why We spend more on a Population equivalent to one of Our larger States which We have never spent on the States themselves, when that Population is bound to hate and be angered by Us, no matter what Gains might be accomplished by themselves in the long-run. Contemplate Our Sins as well as Our Virtues, and wonder why Our Virtues come to resemble Our Sins. lgl