Spending Money to Make Ends Meet

by Richard Daughty

Previously by Richard Daughty: A Fine Time to Raise the Minimum Wage?

I have been busy since an editorial in The Wall Street Journal summed it up by saying, “the most remarkable quality of this healthcare exercise is its reckless disregard for economic and fiscal reality. With the economy still far from a healthy recovery, and the federal fisc already nearly $2 trillion in deficit, Democrats want to ram through one of the greatest raids on private income and business in American history. The world is looking on, agog, and wondering why the United State seems intent on jumping off this cliff.”

Energized into action, I sent out a press release on official letterhead stationary of the Mogambo Supreme Intergalactic News Service (MSINS), wherein was explained to the world that is looking on agog that “The reason that the Democrats are doing this moronic, suicidal stupidity is partly because the Democratic Party is the political party of the tragically stupid and the studiously ignorant, and thus they are the people who actually require a big, powerful government telling them what to do and providing for their every need, and mostly because Democrats are the current majority, ruling party in Congress and the White House, and so they have to be the ones trying to achieve the impossible task of preventing the inevitable collapse of the currency and the country, which is the utter ruination caused by rampant fiscal and monetary imbecilities under the auspices of the Congress and the loathsome Alan Greenspan, chairman of the Federal Reserve from 1987 to 2006, respectively, even though the Entire Freaking Economic History Of The World (EFEHOTW) is the same, sorry, sad, stupid story of how long-dead countries and long-dead peoples acted so stupidly with money (although none of them actually ignored their own Constitution’s requirement that money be of silver and gold, which would have easily prevented all of this economic horror).

So, it’s like us stupid Americans are getting what we deserved for not objecting to the evil socialist/commie machinations of another worthless Leftist commie-think Democrat, Franklin Delano Roosevelt, who presided over the downturn of the Roaring Twenties (caused by the Federal Reserve creating too much money and credit under too little supervision) with this same kind of fiscal stimulus crap that, which only prolonged the downturn into a Great Depression, and which was also a calamity caused by the Federal Reserve at every step of the way, proving that not only do Earthlings not learn the lessons from the past, they don’t even seem to remember the lessons at all!

To show you the utter impossibility of it, and how you are going to see and hear things that you would never think you would ever hear, cnsnews.com reported that “Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money.”

Mr. Biden, apparently aware that he sounded ridiculous, subsequently said, “Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” and he immediately admits, “The answer is yes, that’s what I’m telling you.”

And don’t think that the Second Amendment is going to help you, because I seem to remember that some famous study found that the 80–20 rule seems to work in the military, too, as 21% of soldiers said that they would obey orders to fire on American civilians as part of a gun confiscation scheme!

So, this brings us neatly to the point of all of this, which is to buy gold right now, because you will not be able to shoot your way out of a situation where 20% of the army is shooting at you, regardless of what the salesman at the gun shop said when he sold you all of this ordnance.

But you will still probably be able to buy your way out by bribing people! I mean, if 20% of the army is willing to kill their fellow Americans as part of an un-Constitutional gun confiscation scheme, they would be too proud and honorable to take a bribe to let you go? Hahaha!

Gold! It’s the answer to so, so many problems! Whee!

July 24, 2009

Richard Daughty (Mogambo Guru) is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the writer/publisher of the Mogambo Guru economic newsletter, an avocational exercise to better heap disrespect on those who desperately deserve it. The Mogambo Guru is quoted frequently in Barron’s, The Daily Reckoning, and other fine publications.

Copyright © 2009 Daily Reckoning

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