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7/25/02

VIEW FROM THE MOUNT

Sober Thought Provoking Essays
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and the TRUTH WILL SET YOU FREE . . .

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The technique of a mass movement aims to infect people with a malady and then offer the movement as a cure. - Eric Hoffer

Who Sank the Economy?

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We Force You To Play By Our Rules

Opportunity galore is the pitch that you will begin to hear from the talking heads. The bottom of the stock market has been reached, this is the buying chance of a lifetime. Well, anyone who has ever been asked to make financial forecasts and was foolish enough to make any, will know how wrong they can be. Prophecy is left for prophets, ordained from on high. Mere mortals know their own mortality, or should. But that won't stop the financial gurus going on about how smart they were to get out before the carnage in world equities. Implying that their projections need to be heeded, could be as dangerous as having all your funds in WorldCom.

When hysteria spreads, it is time to rely on your own common sense. EVERYONE is getting hurt. Even those who own no stock have indirect ties to the markets. Recent gains in bonds may seem to be on the bright side, but many of us have been there before. Relief can be short lived as interest rates can spike in opposite directions and the value of your money can evaporate when currency exchanges diminish its worth.

Usually in times like these, prosperity is relegated to the memory hole of a past life. Apprehension can easily turn into out right fear. As we attempt to restore a small degree of sanity to a crazed financial environment, people should keep in mind that survival is your first priority. Misery loves company and taking solace in the security of your own retirement plans may give pause, if not panic. The prudent person will seek the one course that has proven merit. Get out of all debt! This goal may be too late for most, but the benefit from elimination of onerous obligations is at the core of peace of mind. Financial instruments that were acquired to provide annuity refuge may well be a phantom protector.

The small businessman understands that his well being relies upon the future viability of commercial transactions. There are no phony stock options or golden parachutes that will bail them out of their mistakes or a naughty economy. Pain is now, the order of the day. But will it be shared equally? Think about the most hideous inequality in the entire system of collectivist tyranny. This disparity did not come from unequal opportunity nor is it sustained with titanic efforts. It is systemic in the very character of the beast - some call society. But is it the natural state of the organism? Or is it bogus, while it attempts to pass as legitimate?

Government pensions are guaranteed with the full weight and coercive power of the State. Forget about the venture vehicles where these plans invest the funds. Ignore the details in the law that may absolve specific local or state jurisdictions from responsibilities. Just consider the political consequences if the government reneges on the retirement assurances to their former toady servants. We all know this class of parasites never produced any wealth, but do you ever consider that their thievery from the citizens multiplies when they leave the 'service of the public'? They are replaced with a new generation of leeches, while the faithful lackey reaps the spoils from years of deceit.

The quest to acquire a government pension is the holy grail for any bloodsucker who doesn't have the courage to hold up a bank. Stealing is a way of life for the stooges who envision themselves as 'the privileged', within a system of entitlements. Government is not built upon laws, equally administered. It operates upon the threat and use of force.

When you look at your own net worth, you can be assured that the retired civil servant will be basking on the sands of their winter retreat - as your taxes increase to pay for their extended life expectancy.

If the remains of the productive American economy repels from focusing upon the real causes of economic demise, the future for a meaningful recovery is immaterial. We should all take notice that trashing business requires elevation of government. Business, fairly practiced, is not the problem. The "Corporate Culture" and its unholy alliance with regulatory government was the source of the illusory bubble. Why should only the generals and their troops receive separation compensation, when they waged a false war and never sought victory for their true masters; namely, the civilians?

Losing the significant worth of your nest egg is serious. It seems that for many, knowing and facing up to the reality of the true cause for the drop, is more unpleasant than losing half you net worth. People are desperate for solutions. Now you have one staring right into your eyes. You want real reform? Then stop the reward payments to the perpetrators who followed orders and robbed you of your birthright and placed you in servitude.

Are you willing to confront where your money really went? Your own bills keep coming in the mail, but you didn't betray your neighbor - you don't get a check. Your allotment is to pass go and if your refuse to pay - you go directly to jail. Herculean efforts are not required to bring this corrupt fraud to an end. But it will require undaunted political pressure to bring the same suffering that afflicts your finances and share that pain with the agents of civil disservice.

One may be debt free in his own finances, but none of us are deficit exempt from government demands and claims on our well being. While many in the business world reveal their insolvency, why don't we all demand the real solution. The bankruptcy for the State itself. As our money approaches worthlessness, just why are we still willing to pay any kind of tax? I thought the innkeeper of last resort is the government. Surely they have a debtors prison reservation saved, just for you! So when will the government pensioner get their well earn dividend, in the penitentiary they built and where we are all serving time?

SARTRE - July 25, 2002

The only good bureaucrat is one with a pistol at his head. Put it in his hand and it's good-by to the Bill of Rights. - H.L. Mencken

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