THE WORLD-WIDE GOVERNMENT BUBBLE
By Dagny D'Anconia
Dot.com stocks and tulips are not the only things that can lead to financial bubbles. Governments can also be the focus of financial mania. Our global credit crisis is in reality a government bubble in the process of popping.
As you and I watch the unfolding of the Obama phenomenon, where pseudo-benevolent Leftists and Big Government are touted as the answer to all ills, we feel like we have been watching a mass lunacy. We have the classic feelings one has watching a bubble inflate.
It has been frightening to see the madness of the crowd, the religious fervor of the faithful, the persecution of the heretics, the obscene absorption of power and money. It is a strange comfort that their insane vision for the future cannot be realized. With infinite money we all would have become slaves an ever growing state. Instead we will experience the government bubble pop.
When a government bubble pops, the value of government suddenly drops. Government will become, to the masses, the bad joke it was to us all along. Few will trust it and most who do will be thought of as a deluded. This will probably happen world wide.
Dot.com stocks and tulips are not the only things that can lead to financial bubbles. Governments can also be the focus of financial mania. Our global credit crisis is in reality a government bubble in the process of popping.
As you and I watch the unfolding of the Obama phenomenon, where pseudo-benevolent Leftists and Big Government are touted as the answer to all ills, we feel like we have been watching a mass lunacy. We have the classic feelings one has watching a bubble inflate.
It has been frightening to see the madness of the crowd, the religious fervor of the faithful, the persecution of the heretics, the obscene absorption of power and money. It is a strange comfort that their insane vision for the future cannot be realized. With infinite money we all would have become slaves an ever growing state. Instead we will experience the government bubble pop.
When a government bubble pops, the value of government suddenly drops. Government will become, to the masses, the bad joke it was to us all along. Few will trust it and most who do will be thought of as a deluded. This will probably happen world wide.
posted by HeavyHanded at
5:51 PM
0 Comments:
Post a Comment
<< Home