Welcome to the U.S.S.A., now shut up and get in line!
For those of you that have figured out a way to keep the sand out of your ears when you stick your head amongst the grains, I suggest that you skip this post and go somewhere that the truth has not dared to show its face. The rest of you, please bear with me while I vent my frustration over the internal “coup” that has started cannibalizing the greatest nation on earth with hors d’oeuvres sized bites, and moved on to decapitation as the “ultimate solution”.
The Senate vote that took place on Christmas Eve, while the nation was busy preparing for Christmas Day, should tell you all that you need to know about what lying looters the democrat party has become. The group that was swept into power by the “useful idiots” under the banner of “change” and “open, accountable government” have brought nothing but corruption and a total disregard for the rule of law in its first year in power.
There is not enough space here to mention all the bribes that were paid to Senators to get their votes for this bill which is unconstitutional in many of its mandates. What we have witnessed with this vote is the foundation for the birth of Marxian Socialism that is, in today’s politically correct speak, labeled the “progressive movement”. Not one democrat Senator demonstrated the courage to stand up to the Chicago mob and say that he, or she, would not vote for this unconstitutional bill, because their pockets were so swelled with bribes that they could not stand (literally) for the Constitution and the American people.
In Europe, the ideological bankruptcy of socialism is being displayed by the impending insolvencies of Greece, Latvia, Spain, Ireland, the United Kingdom, to mention just the countries in the worst financial shape of that socialist haven known as Europe. Why is America headed down this morally bankrupt road?
Two quotes come to mind that summarize exactly where we are at right now. The first is from British author and advocate for individual rights, Cecil Palmer: Socialism is workable only in heaven where it isn’t needed, and in hell where they’ve got it. The second was penned by famed economist Frederic Bastiat, about 150 years ago about the nascent modern socialism then emerging. The State is that great fiction by which everyone tries to live at the expense of everyone else.
The slow maturation of the “nanny state” is the key element that produced the road upon which our course is soon to be set. The government does not create consumable goods and services, and as such, it is an economic burden to the productive sector of the economy. The government demonizes capitalism in order to direct the “useful idiots” from the true cause of the problem which is it’s own policies. Just look up Barney Frank and Chris Dodd’s role in the Fannie May and Freddie Mac implosions.Â Their mandates forced the banks to loan to people who didn’t qualify, which was the cause of the housing “crisis”.
Since the Obama administration took power we have have heard about one crisis after another. It is odd how a shift in ideology can change a swan into a pig. Nobel Laureate (before the award was diminished by becoming an award for ideology rather than achievement) Friedrich von Hayek spelled it out quite clearly: “Emergencies have always been the pretext on which the safeguards of individual liberty have eroded.”
It is time that we restore our country to what is used to be, the leading capitalist country in the world where free-markets, limited government and the unconditional rule of law were the order of the day. Perhaps Winston Churchill captured it best, The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.
Unfortunately we are now left with Harry Reid and Nancy Pelosi, behind closed doors, figuring out how to limit our freedom in ways that won’t be discovered until 2013.Â After that we can only hope that the internal demons of the democratic party will eat their own on the final vote. Perhaps President Obama’s mentor, Rev. Wright, was correct, “America’s chickens are coming home to roost!”
Till next time, Merry Christmas, good luck and good trading!
More Gold Market Analysis:
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- Partial Government Shutdown, The Debt Ceiling and The U.S. Dollar