Do you ever dream about coming across a money tree? Well, I’m going to have to bust your bubble. Damn…I can’t do that either. The Fed owns the only money tree and the largest monetary bubble. Unfortunately, for many people…one day the Fed’s tree will go bare and the bubble will burst. When, where and how…nobody knows.
Easy Money Addicts, the Money Tree and the Mogambo Guru
I was feeling particularly low, having sunk into a sloppy, self-pitying, tequila-fueled, drunken introspection after (again) failing to achieve blissful Nirvana, this time per my wonderful new (“Why didn’t I think of it before?”) theory, which is to finally attain true transcendence through sheer, strict gluttony.
Let’s find out what caused the Mogambo Guru to reach such a state of despair. Does he pick himself up with new insights?
Let’s begin with my take on the situation.
People must love bubbles, balloons and the money tree. How else can you explain their addictions to monetary and economic policies that defy all reason and rationality. On the street you can buy some nasty sh-t know as Meth. That’s kid’s stuff compared to the high people receive from the Fed’s easy money schemes. Need a dream house, a car that’s on your wish list, a exotic vacation…just pray for interest rates that sink lower and lower.
You’re probably wondering how the rates could go any lower. It’s just possible the Fed unleashes a new monetary monster known as NIRP…Negative Interest Rate Policy. Instead of the bank paying you interest on your savings…the Banksters charge you interest. What a nightmare.
I can read your mind now. You’re thinking what’s the point of saving money. And that’s exactly what the Elite and its soldiers want you to think. You deplete your savings as fast of possible…and spend new earnings immediately. You do realize…it’s patriotic to embrace rabid consumerism.
The Easy Money Addict
I asked an easy money addict about saving money. He blasted me by mentioning that he only receives a stinking 0.00666% on his savings account. Anyway, isn’t it unpatriotic to save, I mean hoard money. He told me that he’s living for today. He almost convinced me to partake in the toxic punch bowl he was drinking from.
My god, doesn’t he realize…we could be accelerating towards a crack up boom. On second thought maybe that’s why he adamant on living for now.
Let’s allow the Mogambo Guru to set us straight…that is if we can get him away from his tequila, gold, silver and fortune cookie. Right now he’s raving on about Keynesian econometric gibberish. Let’s listen in on his tirade.
“Peak bond prices so high that interest rates are almost literally zero! The S&P 500 peaking at a P/E ratio so high that it is in the “historically high” range! Housing prices that cost an incredible four times the average income! An $18 trillion national debt, more than 100% of GDP! Total (government, business and personal) debt of an astonishing $60 trillion, against an entire GDP of only $17 trillion!
Government spending (federal, state and local), school systems and myriad taxing authorities together spend about 40% of GDP!”
And it’s getting worse. No wonder he’s sopping down the tequila. I wonder if his fortune cookie says anything about investing in precious metals.
The Money Tree
By the way, we have found the money tree. It resides in the luxury garden of the Federal Reserve System.
I discovered you must possess a membership card to access it. I think I will ask the easy money addict how to get one of these cards. He seems to be awash with easy money. Happy days are here again, it’s back to easy living again.
Well, I just received a photocopy of our addict’s membership card. Here’s the image that’s on it.
P.S. Nothing sabotages the Mogambo Guru’s reasoning ability. He’s as sharp as ever.
New World Currency Backed by Gold
How about a new world currency backed by gold? After all, sound money advocates usually recommend the gold standard.
According to Jim Rickards it would be a gold-backed SDR. He has indicated that a 50% backing would be enough to make it an effective, viable currency. We believe this shows some promise. However, we do have some reservations. In fact, since the IMF is involved…it’s downright scary.
We generally support the monetary discoveries of the Austrian School of Economics. Austrians prefer the Classical Gold Standard in which money is not “fixed” to a particular price of gold but defined as a specific weight of gold…and the price floats. Most Austrians oppose having a monetary authority or central bank issue monetary instruments…and instead favor leaving that to private banks. It’s doubtful that members of this school of economics would accept a gold-backed SDR (Special Drawing Rights) which is a currency created by the IMF (International Monetary Fund). The fact it may not have a 100% gold-backing probably dampens their enthusiasm.
According to Wikipedia “The International Monetary Fund (IMF) is an international organization headquartered in Washington D. C., of 188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”
One quick glance a world monetary events makes us skeptical of the effectiveness of this organization. And that brings us to our next concern.
Conspiracy theorists warn us about the threat of a totalitarian one-world government. You’ve probably heard of the Trilateral Commission or Council on Foreign Relations. Talks of an international currency no doubt causes them to see red flags everywhere. You know, they have a point. Most Americans like their autonomy, although the political and financial establishment continues to destroy it. We may crumble from within before outside sources topple us.
In the article New World Money – One World Government I stated “Here’s the real kicker…or maybe I should say “kick in the rear.” You and I cannot officially buy SDR’s. The IMF (International Monetary Fund) is the only institution that can print and distribute the New World Money.
Do you want to guess what that means? It has what is called an Elite “basket.” Only member states that are within the privileged can freely exchange SDR as currency. SDR’s are used to take loans or make repayments made by the IMF.
Wouldn’t it be nice if you and I could get our hands on some of that New World Money to pay our debts? Of course, we’re excluded as hapless prisoners of the Hive Mind Mentality…even though some of us escaped.
In addition, member banks can sell them during times of economic crisis. What does this accomplish? It props up their currency reserves. The Objectivist Warrior realizes this amounts to paper illusions on top of paper illusions….even though the SDR will become the New World Money.”
I wonder if the Elite and its Soldiers want to get their filthy paws on our gold and silver. Remember what FDR pulled during the Great Depression. That was the “Big Gold Confiscation Scam.” This is all rather disturbing. Damn those Keynesian swindlers. Maybe a deep meditation will restore my peace of mind. On second thought…I’m sure glad I have a bottle of Extra Smooth Brandy on my desk.
RA Meyer – The Objectivist Warrior Masters the Social Maze