[A-List] The Worst Case Scenario (Someone Has to Say It)

[Todd Boyle]

At 03:13 AM 5/6/2009, peripatetic wrote:
>This is also the most likely scenario in my view. Excerpt:
>
>http://seekingalpha.com/article/134820-the-worst-case-scenario-someone-has-to-say-it

The biggest error in the article is failing to establish why the 
printing presses of money creation would fail.  You need to lay this 
Peripatetic essay on the table along with the scenarios of 
inflationary doom that were common in the early 1970s -- everybody 
with a brain could see that the world would explode into chaos just 
like 1920s Germany.  In a panic I sold my Mustang, I couldnt' find 
anybody who would buy it for $200.

But guess what happened?  After a few more years of inflation and the 
orchestrated, 1979 shocks, we got Reaganomics and deflation.

The good news is, the banksters have everything under control.  Umm. 
that's the bad news too.  They're still in the 
deflation-demolition-repossession stage.  In due course, they'll 
create so many dollars it will set off the next big inflation, 
stampede, real estate bubble (including construction) as the ignorant 
population, caught in an artificial win-lose dungeon with no escape, 
competes for the dollars.

Folks-- there is a REAL reason the U.S. deindustrialized: because we 
don't HAVE to work.  It is irrational to work for $1/ hour when 
billions of people quite apparently need and want to work, to avoid 
physical starvation.   When Americans need to work, they can 
reindustrialize fairly quickly.  We're mobile, we have *abundant* 
tools, buildings, infrastructure of all kinds, more advanced 
knowledge, tools, material, and technology than in the 
past.  Crucially, we have far better computing and communications, 
cellphones, internet, and all its tools for transactions and social networking.

TRUE we will have to do it with less hydrocarbon energy. Not a 
problem.   TRUE, we will have to confront the wealthy --and 
incumbent, protected monopolies.   This includes energy, 
transportation, pharmaceuticals, healthcare, law and accounting and 
financial industries, and telecoms, even some of the public 
sector.    We will get NOWHERE if we can't loosen up some of these 
industries.  This is the real problem-- it's the only real problem.

Regarding the departure of productive people and their money, whether 
Americans or foreigners, rich and poor, I have to say--So what?  Let 
them go.  Why is that any threat whatsoever?   There will be an 
infinite supply of immigrants to replace them, good god, isn't that 
obvious?   And the capitalists-- GREAT!  The sooner they leave, with 
their money, the better the economy and society will function.  They 
have corrupted our entire Congress, politics and culture, even our 
churches with their money.


COME ON FOLKS, we have a job to do here... these apocalyptic 
stories-- and I love reading them --they are very entertaining --but 
they appeal to us because of unconscious archetypes in our 
unconscious.  Peripatetic's article is the intellectual equivalent of 
watching professional wrestling, just because it's amusing and you're 
tired, and this is how you relax.

There are of course, unconscious urges and tendencies in all of 
us--it's part of how the mind recognizes patterns and recognizes 
threats and opportunites.   What's happening is the Christian 
apocalypse -- a metaphorical expression of the primitive ego, which 
is real, knowing its mortality, and gives rise to primal beliefs and 
conceptual ground of the unconscious.  These in turn, create 
tendencies in belief and behavior in our own life that are irrational 
and which bring sub-optimal results for ourselves and people who rely 
on our messages.   While we thrash around in our hallucinations, 
pickpockets walk easily among us stealing our economic output.   Keep 
your eye on the money.  --Todd.

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