I know it may sound crazy to you, but I don’t believe it necessarily takes a “real” economist to fix our financial problems. In fact, my philosophy is that the economy needs to be simplified drastically… because when the layperson no longer understands what is going on with the economy, they are also unable to act as a watchdog upon it. This in turn leaves the door open for rampant corruption and manipulation by the small group of insiders that actually do understand how the system works… because unfortunately for the rest of us, there seems to be a tendency for them to use their “insider knowledge,” absurdly complicated mathematics, and carefully worded legal language against us for their own selfish interests instead…
So as most of you are aware, we are in major financial mess… And since it should be obvious by now that our media and politicians don’t have a clue, I guess it doesn’t hurt to have some “outside the box” solutions. But I also have to warn you…
I am not an economist, I am just a guy with common sense, critical-thinking skills, and a well developed BS detector. And since the phony, bought-and-paid for mainstream media is never going to give you any actual solutions, then I guess it’s time for me to step up again and try to handle this mess myself:
First off, no matter what these TV clowns are saying between the seemingly endless pharmaceutical ads and car insurance commercials, let’s be clear: it is mathematically impossible to ever pay off this debt.
Speaking of which, did you know that the debt we owe goes directly to a private bank? Yes, the Federal Reserve Bank is almost entirely private. That means it has absolutely NOTHING to do with our Federal government. So with that in mind, it kind of makes you wonder things like; so do we really owe them this money? And why is a private bank in charge of our economy anyway?
And why are these filthy rich aristocrats like Ben Bernanke, Henry Paulson, Timmy Geithner, and Alan Greenspan living like kings while telling us everything is fine even though every financial indicator seems to be telling us the opposite?
Does this make sense to anyone else? Not only are they living like kings among us serfs already… according to the mathematics of the debt, we haven’t even scratched the surface of what we still owe them! Now even though it’s not quite that simple, the point is; how absurd does this mathematical nightmare have to get before you finally decide to take action?
But this speech isn’t about class warfare. After all, there are many other people that are also responsible for this mess; and many of them see those people everyday in their own mirror. However, I’m also not here to insult the gullible, naïve, and uninformed either. After all, despite the fact that I can be perceived as condescending at times; I also used to be gullible, naïve, and uninformed.
So how to we fix the economy then? Let me ask you a question: Is there a shortage of resources? Is there food in the grocery stores? Is there gasoline in the pumps? Yes. So let me ask you; why are we about to live in indefinite austerity even though we already have resources available? I’ll explain…
Whether you want to refer to this racket as crony-capitalism, crony-collectivism, socialism, fascism, globalism, or neo-feudalism; our economy has been destroyed by corruption. In this specific resource example I mentioned, it’s a phenomenon known as “artificial scarcity.” The resources are still there, you just can’t “afford” them anymore.
Here’s another example of how wasteful our economy is; not only does your dollar not buy as much as it used to, did you notice that everything also costs more now too? Quantitative “easing?” They should call it “quantitative squeezing,” because the Federal Reserve has really mastered the art of squeezing our dollar from both ends.
I hate to give bad news, but the truth is that corruption and greed have destroyed our economic system. And these people aren’t going to tell you the truth and it’s for a childishly simple reason; they don’t want to lose their wealth and power.
So what do we do?
You also have to understand history…. In fact our country actually shares many eerie parallels to Ancient Rome; one of which is the invasion of barbarians… only these are modern times; so instead of an obvious head on attack by barbarian hordes… we’ve been invaded by ingenious and calculated stealth. And instead of barbarians, we’ve been invaded by bankers.
But regardless of whether this mess was caused by design or not, we have to admit that the system is a failure and its complexity and confusion has led to rampant manipulation and corruption. Fact: this is a failed system and it’s time to move on. Do you want to see your grand-kids in poverty or having to work 3 jobs while Ben Bernanke’s spoiled rotten grandchildren are living like gods? Either do I….
Look, no one wants the economy to fall apart in their lifetime, but it’s not going to last forever. The stock market isn’t going to last forever. We don’t need this corrupt, manipulated, white-collar criminal casino having this kind of power over our prosperity. In my opinion, the world will be a better place when once we’ve turned the New York Stock Exchange into the New York Stock Exchange Museum.
It’s really sad that they are making such a big deal about our credit rating, but it shows you just how embarrassingly corrupt our economic system has become.
And believe me, the fact that we are still “AA+” is still a ridiculous joke. Funny, Warren Buffett was recently quoted as saying that he thought our debt should be rated “quadruple A” which was also parroted in a recent Obama speech. Quadruple A? I can’t believe both of these guys said that with a straight face. Who knew these guys had such an incredible sense of humor?
So what should our credit rating really be? Here, let me illustrate why our credit rating is a joke from an “outside the box” perspective: hypothetically speaking; if you were an investor from another planet and you stumbled upon earth and spent a week on Wall Street, would you really want to invest in our bonds? Of course not! So what would you rate them? Let’s face reality: they’re JUNK!
Of course they aren’t ready to admit they are junk, and I can’t say I completely blame them. After all, a spontaneous default would obviously send economic shock waves and possible panic all over the globe. I mean the dollar is still the world’s reserve currency… however; we can’t keep this hoax of an economy propped up forever, so how do we fix it?
I’m sure most of you had the chance to see just how incompetent our politicians really are… I mean John Boehner? Nancy Pelosi? Mitch McConnell? Does anyone else feel convinced that any of these clowns are actually going to fix anything? Of course not… they’re just going to point the fingers at somebody else and just keep pushing the problem into the future.
So since these incompetent weasels have no solutions, the latest idea lies in the creation of a diabolical super oligarchy of 13? I’m sorry, super congress? Really? And in the odd chance that this really became necessary, shouldn’t the people get to pick the 12? And if there wasn’t enough time for a vote, shouldn’t they be selected by the highest approval rating? Or would that make too much sense? I mean we wouldn’t want to risk having a situation where 12 of the country’s most unpopular aristocrats were selected to be in charge of something this important, would we? That would just be silly… what do you think this is, a Dystopia? That could never happen in real life!
But seriously, if anyone thinks these corrupted incompetents are going to solve our financial problems than I’m sorry to inform you that you’re probably not going to get a solution you are going to be excited about. In fact it’s most likely going to end up with you under hopeless and overwhelming amounts of debt while these corrupt, multimillionaire con-men live like kings and tell you that everything is fine; “corporations are people” and write laws to legally protect themselves from all the nefarious rackets they’ve created.
Another possibility is that we will go into the dreaded one-world currency that will be run by the very same people that are responsible for this mess to begin with. Knowing them, I’m sure they will make that sound like the most amazing idea ever, but the reality is; it will only be a different version of what we have now: an overly confusing and fraudulent system designed to benefit the small cabal of insiders that actually understand how it works.
We need transparency and common-sense economics, not multi-million dollar bankers, lawyers, and politicians running the system. The economy should empower the people, not enslave them.
And speaking of Warren Buffett; now he’s trying to suggest we should raise taxes on the rich…. A noble gesture… however, that’s probably not going to happen, but even if it does, let’s be honest; it’s not going to magically fix anything, and there’s no mathematical or scientific way to prove it will… which leads me to my next point:
Our economic system needs to be simplified drastically if the general public is ever going to have a hope of understanding it; and with that being said, I think it should be quite obvious by now that Keynesian economics should be purged from our society for the greater good of the future.
Yes, this economic clown just got on TV saying we could benefit economically if we experienced an alien invasion! But hold on, I’m not making fun of him for the analogy; my concern is what he’s getting at; the analogy is just a clever way of saying what he really means; that we need another major war to jump-start our failing economy. No Paul, we don’t need any more wars or any more money being printed…. and I for one have had about enough of your ridiculous economic gibberish.
But you’re out there asking: who are you to discuss economics with an expert like Paul Krugman if you’re not actually an economist?
Funny you should ask, because it’s quite simple really…first, we assume that he is considered to be one of the premier masters of Keynesian economics. Secondly, we observe over many years that not only is our economic system incredibly corrupt, wasteful, and excruciatingly overcomplicated; if you follow Paul Krugman carefully, you’ll notice that he doesn’t seem to really have any understanding of how the economy works either!
And if the Keynesian grand master doesn’t have a clue how his own economic system works, than what hope do I have to understand it?
But wait, it gets better! The economy has now spiraled so far out of control, that the grand master is now indirectly calling for war as a desperate measure to keep the system afloat? Are you kidding me? And aren’t we in like six wars already? Do what you want to yourself Paul, but leave the innocent people of the present and future alone!
So look, it doesn’t take six wars or six years of school to see why this economic system needs to be scrapped. All it takes is simple common sense…
Face it Paul, you aren’t going to salvage this financial mess, nor can you continue to justify this failed system anymore. Nothing personal… You had a good run, you had a great career, and hey, you even won a Nobel Prize! But now it’s time to step down.
Keynesian economics is deeply flawed, overly complicated, wasteful, too susceptible to corruption, and completely unsustainable. Face it Keynesians; I’m sorry you’ve wasted so much time absorbing what will someday be looked upon as useless knowledge, but you have to admit that the future will thank you for letting it go…
So we have a Keynesian economics system, fractional-reserve banking, fiat currency, and a private bank that seems to have its tentacles in everything? Run and overseen by a bunch of spoiled aristocrats? Sorry to be the bearer of bad news, but here’s the reality: corruption, greed, and over-complication have ruined our financial system beyond repair, and the Warren Buffetts and Paul Krugmans of the world know it. They had an amazing run, but now they are quickly starting to resemble dinosaurs from another era. They desperately want to keep the system going, but they are going to have to face the fact that this system is broken, completely unsustainable, and hopelessly beyond repair. And almost everything that comes out of their mouths these days is nothing more than desperate attempts to keep the system going.
Now although Warren may appear to be one of the humbler elites, it shouldn’t take too much imagination by now to see what’s really going on: The rich and powerful want to stay rich and powerful….
Okay, identifying the corruption problem wasn’t so difficult. However there’s another problem that’s going to be a bit more complex to deal with:
You see, as the fraud becomes more exposed, the perpetrators, manipulators, and many of the benefactors are going to be looking at some serious punishment along the likes of Bernie Madoff or worse. So what are these elites going to do when they’re not only in danger of losing everything they’ve “earned,” over the years, but they’re also potentially looking at 20 to life or worse?
Good question, so let me ask you: what would you do if you were them, and you were looking at losing your posh lifestyle, all your toys, and then looking at losing all your freedom by facing indefinite jail-time? Right: you would lie, lie, and lie some more….
And who’s going to arrest these bankers anyway, Eric Holder? You mean the guy with his fingerprints all over Operation Fast and Furious? Gee, no corruption going on there at all… so since Eric can’t be trusted… who else can we go to? How about that hideous troll creature that’s always wearing those ugly Christmas sweaters…you know… the grinch that stole freedom… oh yeah Janet Napolitano! Hey Janet, I know where the real terrorists are! And many of them are actually operating right out of Wall Street and Washington!
Okay, so now that more problems have been identified; how are we going to fix this giant mess when it seems like the entire system has been corrupted?
Well I can’t just wave a magic wand and magically solve everything, but I can offer some clarity and suggestions:
First of all, there’s no reason for panic. You see, the good news about this financial crisis is that in the real case of an economic collapse, we DON’T actually need “money” to make the world go round, and it’s a very simple concept reminiscent of well… does anyone still remember the honor system?
As a short term emergency solution, we can all continue to do what we were doing. Go to your job, get a few groceries. Do everything you would normally do, except no money would actually be exchanged.
Don’t abuse the system and use common sense. In the meanwhile, stay calm, inform others, get mentally prepared, and we can avoid unnecessary chaos.
As a long term economic solution, I think we should have a series of live televised debates between all the top economists representing all the different schools of thought: back to a gold standard? A silver standard? Resource based? How about an interest-free fiat currency issued by congress instead of a private bank? Or perhaps the great Keynesian revival? Good god I hope not, but if people like Krugman and Austan Goolsbee want to show up and get ridiculed, they are more than welcome.
Anyway, we let the top minds debate on national television, then over time, maybe we can start voting them off or something until we arrive at an economic system that makes the most sense. Sounds like a “Sputnik moment” to me, but if you would rather be at the mercy of the super congress… then good luck!
Okay, so we’ve covered the wastefulness of our current system of crony-collectivism… but if we re-start the economy, what are we going to do about China and the other countries that are holding our debt?
Good question… so let me ask you; if you were a debt-holder, and the country that owed you money was on the verge of default, what would you want in return?
A: Stacks of soon-to-be-worthless green paper?
B: More treasury bonds? Or
C: a steady flow of tangible imports?
The point is: just because we might have to restart our economy doesn’t mean we can’t still honor our debts. And if we need to start growing more food and manufacturing more goods to our debt-holders, then we will probably have to open up our factories again! Now we can put America back to work with an efficient and transparent resource based economy… hey Obama, how’s that for a Sputnik moment?
And to the debt-holders of the world: I apologize for the behavior of the monsters responsible for the orchestration of all these financial problems, but please don’t blame the innocent American people because we were also fooled by these same financial sellouts.
Now I could start rattling off some of the people I think are responsible; let’s see… there’s Ben Bernanke, Alan Greenspan, Henry Kissinger… I could go on, but I just realized something… I don’t consider these men to be Americans anyway! They don’t have any loyalty to us; they are traitors and economic terrorists!
Which brings me back to one of the most difficult questions of all: Once we identify all of those truly responsible, what are we going to do with them? This is where it gets complicated:
Like I’ve said, you can forget about Eric Holder or Janet Napolitano bringing their masters to justice, and just because I’m making some accusations doesn’t prove that any of them are 100% guilty. After all, this is America, and everyone deserves a fair trial.
Besides, maybe these bankers and ultra-rich elites are really moral people, and this broken economy was all just done by design to teach us all of us serfs a valuable financial lesson? You know; a lesson of why you shouldn’t trust private banks that create money out of nothing because they will eventually rob all of the wealth and decimate the country. I mean maybe they were planning on giving us all of our wealth back as part of a surprise later, and now I’m the guy who had to open his mouth and ruin the party for everybody…
Now that scenario probably isn’t going to happen, and unfortunately, I don’t know who’s going to make all these apprehensions for questioning. I do however have a creative solution for what to with them assuming they are found guilty…
Now my solution involves mercy, but don’t get me wrong. There’s a part of me that would love to be there when all these corrupt bankers, politicians, moguls, and Wall-Street manipulators get dragged out of their mansions in handcuffs and get stuffed into police cars.
However, these people aren’t just going to go quietly without a fight. These are powerful people with powerful connections and when faced with losing everything and spending the rest of their lives in jail or worse… well let’s just say they could do any number of desperate things to protect themselves from us so we’re going to have to be smart about this.
There are a lot of people out there that seem to have a disturbing fascination with punishment, but maybe it’s time to start re-thinking this concept; I mean does it look like our prison system is doing a good job of rehabilitation?
The point is, there are probably a lot of people out there who are thinking that we’re just going to simply arrest these people and then throw them into violent prisons where they will be punished every day, but that’s just not realistic… and if you were them, and you were facing that kind of future, what would you do?
And that’s another key point I want to make: the concept of empathy. For example: if you were born into a powerful banking family, do you want to convince me that you would not have followed in their footsteps, and that you would have been the whistle-blower that brought down your own family for the good of the world? I mean JFK and Princess Diana are a couple of exceptions, but the reality is, most people would have gotten stuck in the family business too, so it’s hard for me to honestly pass judgment on them without making myself a hypocrite.
So yes, I believe in mercy. I also believe that if we harshly punish them, then we may also sink to their level. We’re supposed to be better than them after all, so maybe we should prove it…?
So what should we do instead? Here’s the fun part: we create a controlled environment for them which will keep them isolated from us, but instead of constant hellish punishment, there will be much more fun and limited freedom…
Sound crazy? Let me explain; A while ago I wrote an article about North Korea where I suggested that we could design a prison for the elites that would combine Bohemian Grove with the movie; The Truman Show.
I know it sounds like a reward, but I guess my philosophy is that I really don’t care if they have an arcade, a sports bar, a golf course whatever… just as long as they stay away from us, and stop playing god with us and our children.
The basic idea is that we will use their own control grid against them; RFID chips, cameras everywhere, spy satellites etc, and like the Truman Show, maybe we can make them stars in their own reality TV show! Who’s watching the criminals? You are! Hey, did you see last night’s episode when Karl Rove and Dick Cheney were having an argument with Al Gore? OMG!
Now this high-tech prison may take some time to build, but it is a plausible peaceful solution. If we are willing to get creative and outside-the-box, there are ways to fix our world’s problems without destroying our civilization in the process…
Okay, well there you have it; a peaceful solution for some of the world’s most impossible problems, you’re welcome. 😉
Peace and Love!