Reflections From a Murky Pond

I’m not one to pay overly much attention to the various things that spew from the maw of Paul Krugman. The pontifications, ramblings, and rants of a rabidly fanatical Keynesian neo-Socialist who makes his rent working for the filthy rag known as the New York Times aren’t the sorts of things that I, or any other American, normally pay much heed to – except to keep an eye on what our nation’s enemies are thinking or emoting.

Krugman is willfully dead wrong more often than not on causation and dead wrong, again willfully, every time when it comes to remediation

All that being said, Krugman is not an idiot and he is skilled enough to make solidly plausible predictions of future events, especially relatively near-term ones.

Some of us have been talking it over, and here’s what we think the end game looks like:

1. Greek euro exit, very possibly next month.

2. Huge withdrawals from Spanish and Italian banks, as depositors try to move their money to Germany.

3a. Maybe, just possibly, de facto controls, with banks forbidden to transfer deposits out of country and limits on cash withdrawals.

3b. Alternatively, or maybe in tandem, huge draws on ECB credit to keep the banks from collapsing.

4a. Germany has a choice. Accept huge indirect public claims on Italy and Spain, plus a drastic revision of strategy basically, to give Spain in particular any hope you need both guarantees on its debt to hold borrowing costs down and a higher eurozone inflation target to make relative price adjustment possible; or:

4b. End of the euro.

And we’re talking about months, not years, for this to play out.

Of course this isn’t exactly rocket science or even one of the more arcane examples of the semi-mystical art form known today as the study of Economics. Both hyperinflation and the end of the Euro in the near future are easy predictions to make in the wake of Greece’s Keynesian meltdown and financial collapse.

NOTE: Krugman’s prediction of a European financial meltdown matches my own and naturally feeds into whatever level of Confirmation Bias that I’m saddled with.

Of course these events will happen and happen soon. They were foreordained from the moment of Greece’s financial implosion under the weight of their Socialist economic policies.

I’ll add though that these event will, in turn, most likely lead to the breaking of the European Union by 2015. They can’t hold together as a government – or meta-government, or whatever they are – without a common currency.

Tags: Debt | Depression | Economics | Economy | EU | Euro | Europe | Finance | Germany | Greece | Keynes | Keynesian Economics | Krugman | New York Times | Recession | Socialism | Spain

This entry was posted on Wednesday, May 16th, 2012 at 6:50 pm and is filed under Politics. You can skip to the end and leave a response. Pinging is currently not allowed.

What does the Left want? The Left wants the same thing that it and its un-American – frankly, most are virulently anti-American – followers have always wanted – your money if you’re a hard working American and a member of the minority that actually pays federal income taxes.

Of course that is what the Socialists, Communists, and/or Marxists have always wanted in the past, and it is certainly what these latter day, degenerate Neo-Socialists and their minority tenants have been alternatively screaming and whining for in more recent, darker times.

It’s sad and frustrating that these traitors and heretics believe as they do, but its only surprising in how bald-faced and bold they’ve become in voicing their demands in the wake of Obama’s installation in the White House. Take, for example the recent screed in the NY Times by their pet pseudo-economist, Paul Krugman:

There was a time when everyone took it for granted that unemployment insurance, which normally terminates after 26 weeks, would be extended in times of persistent joblessness. It was, most people agreed, the decent thing to do.

But that was then. Today, American workers face the worst job market since the Great Depression, with five job seekers for every job opening, with the average spell of unemployment now at 35 weeks. Yet the Senate went home for the holiday weekend without extending benefits. How was that possible?

The answer is that we’re facing a coalition of the heartless, the clueless and the confused. Nothing can be done about the first group, and probably not much about the second. But maybe it’s possible to clear up some of the confusion.

By the heartless, I mean Republicans who have made the cynical calculation that blocking anything President Obama tries to do — including, or perhaps especially, anything that might alleviate the nation’s economic pain — improves their chances in the midterm elections. Don’t pretend to be shocked: you know they’re out there, and make up a large share of the G.O.P. caucus.

Firstly, if the Leftist filth, Krugman was honest instead of an anti-American Socialist, he would have said, “Yet the Senate went home for the holiday weekend without extending benefits yet again.” It is, after all a fact that Congress has extended unemployment benefits multiple times in the aftermath of Obama, Pelosi, and Reid’s failed Stimulus Plan, which they falsely claimed was designed to create jobs.

Secondly, How long do creatures like Krugman think we should carry these people on our backs? Yes, it’s decent and charitable to do so but for how long, especially when the Liberals ruling and wrecking this nation that they hate so have already buried us, our children, and our children’s children under so much deficit that it makes the eight years of President Bush’s and the previous Congresses’ spending look positively miserly?

Oops! I used a form of the word, “charity.” That’s bound to set off any Liberals who read this. They reject the concept of charity since it interferes with their sense of “entitlement.”

But Krugman is right in that there’s nothing that can be done – that we, the People are currently willing to do. Loyal Americans are not going to suddenly change their allegiance and their faith, and the domestic enemies the likes of: Krugman, the NY Times, President Obama, Nancy Pelosi, Harry Reid, and the traitorous horde of their anti-American followers are not willing or possibly capable of changing theirs.

So we will continue to rail at each other, Americans and Neo-Socialist Liberals and Progressive engaged in a war of largely useless words over Liberty vs. the Nanny State. Truly though, there is little point in the argument a this point; of the three boxes that votes are contained in – the soap box, the ballot box, and the cartridge box – we’re past the point where the first is particularly useful, if it ever was.

~*~

Keep your eyes open. Travel light but load heavy, and always put another round in the enemy after they’re down. 

Tags: America | Congress | Economics | Economy | Employment | Entitlement Society | Krugman | Leftists | Liberals | Nanny State | Politics | Socialism | Stimulus | Taxes | Unemployment

This entry was posted on Monday, July 5th, 2010 at 9:44 am and is filed under Politics. You can skip to the end and leave a response. Pinging is currently not allowed.