Triumph of the Lie

As news outlets and financial analysts continue to warn of a possible “double-dip recession,” the real world’s invisible depression continues to become more and more visible.  As the Fed continues to print fiat currency and the government continues to borrow money it can never repay, markets gyrate evermore wildly.

Good professional traders who know how to profit in both up and down markets should, as always, do well as the American Empire continues to collapse.  But it’s going to continue to be a bloodletting for the average investor.  As I’ve said many times over the years, I can envision a DJIA at 2,000 or at 100,000 — depending on whether we have a deflationary collapse (which all politicians mortally fear) or a runaway inflation.

Far-left ideologues and their Republican enablers will never accept the fact that the U.S. is bankrupt, but the truth is that not one dime of the national debt will ever be repaid.  That’s a 100 percent guarantee — unless it’s paid off in worthless runaway-inflation currency, which is really just a shameless way of defaulting.  The only thing that is taking the spotlight off the insolvency of the United States is that most of the rest of the world is also broke — and worse.

There are no rules anymore.  Deficits and debt continue to rise regardless of what congresses and parliaments around the world do.  The rule of law is out.  Heads of state, particularly in the United States, do whatever the hell pleases them.

Our own imperial presidential imposter just announced that he would once again ignore the legislative process and remake the No Child Left Behind program to please one of his key constituencies, those militant folks who are supposed to be focused on teaching our children rather than on how many years, months, and days they have left before retirement.

Tip of the hat to George W. Bush for giving us that worthless program — along with the prescription-drug benefit and TARP, none of which we had the means to pay for.  Not to worry, though, because the ex-prez has repeatedly said that he has no regrets for anything he did in office.

The beat goes on … yesterday, in another yawner of a political drama, the House voted 230-195 to reject legislation that would have provided $3.7 billion in disaster aid and enough money to keep the government running through mid-November.  Good news, right?

It would be if it held, but it’s just the same old theatrical production with the same old ending.  When all is said and done, the left always gets more money.  There is no such thing as a spending cut, and rarely is a spending proposal totally rejected.

All but the walking dead realize that, when push comes to shove, borrowed and newly printed money will flow to the corruptocrats in whatever amounts they demand in order to give uber-incompetent FEMA more monopoly money to play with.  The idea of private charity handling disaster relief is unthinkable to the Washington thieves who keep these scams coming at us at a furious pace.

They say the truth shall set you free, which doesn’t bode well for the United States.  Last night in the Republican debate, you saw nine people clamoring for voters’ attention, but the truth was in short supply.

So what if Social Security is an unconstitutional Ponzi scheme?  Don’t you dare say it.  So what if state-run healthcare is an affront to individual freedom?  Don’t you dare say it.  So what if foreign aid is a blatant theft of American citizens’ wealth that is transferred to people in other countries?  Don’t you dare say it.

As I watch all of the unconstitutional craziness that goes on day in and day out in Washington, and couple it with the mealy-mouth statements flying back and forth in the Republican presidential debates, one thought towers above all others:  The U.S. is being held together — barely — by one commodity of which there is no shortage:  the lie.  Lying is the currency of our fading American Empire, and he who tries to be truthful does so at his own peril.

Now, however, truth is about to overwhelm decades of lying.  Mankind can survive plagues, famines, earthquakes, tsunamis, hurricanes — maybe even a modest asteroid strike.  But the one thing it cannot survive is the wicked combination of avarice and arrogance that are modern man’s most prominent traits.

We have now reached the Von Mises moment in modern history, a point in time where truth drowns out all of the politicians’ lies and overwhelms human civilization.  Stick around for awhile and enjoy your front-row seat.