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Nothing to Worry About!

Does adding more government to a problem EVER do anything other than making it worse?

Scott brings us some of the unsavory and obvious details of the recent banking crisis, and asks the most important question of our age: Does adding more government to a problem EVER do anything other than making it worse? Bill and Steve nod and also say interesting…stuff.

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23 replies on “Nothing to Worry About!”

I am very impressed and a little surprised how knowledgeable the guys on my favorite podcast are when it comes to banking. Politics and the arts – yes – but banking – I did not expect that kind of depth!

Perhaps the government’s next step in trying to move people out of untrackable physical currency is to put expiration dates on money so it has to be moved or spent regularly and can’t be hoarded and hidden.
They arrest and jail counterfeiters but the government has been counterfeiting money for decades.

“Dump the Fed …” This is what I am always on the lookout to hear from a political candidate. The Federal Reserve has done the opposite of what it was claimed to be for when it was born.

I don’t care about conspiracy theories, Bohemian Grove and all that noise. I care about real world, real life consequences. It doesn’t surprise me one bit that the mega-wealthy and/or mega-powerful would have coinciding interests and it doesn’t matter if they “conspire” together formally or they just all happen to be heading in the same direction.

The end result to us common people is the same however it comes about.

If “We are the government” then “We” should be able to do something about this travesty that has been perpetrated on our national currency for over a century.

The Federal Reserve is not a popular topic with voters and most common people don’t really know anything about it or have even a slim grasp of what it does. That’s probably why it’s so hard to get any traction regarding the Fed.

There needs to be a triad of policies foremost in the platform of any candidate I would really like to vote for …

Drain the Swamp
Build the Wall
Dump the Fed

We’re past the point of having our legs peed on. When Cocaine Mitch shove that horrific, inflation fueling, budget through and had the audacity to tell us it was a victory, they’re pointing up at the sky & telling us it’s raining, but when we look down we’re bent over a table having something horrible done to us without the common courtesy of a reach around

Great discussion gents. More government intervention should never be the answer, but it is all our pols and bureaucrats know how to do. After all, they must “do something”.
Scott mentioned at the beginning listening to some experts elsewhere.
Earlier this week I listened to Megyn Kelly moderate a debate between David Sacks, founder of Craft Ventures and co-host of the All-In Podcast, and Vivek Ramaswamy, GOP candidate for president and founder of Strive Capital on this topic and what fiduciary things SVP and the FDIC and KPMG did wrong and whether to “bail out” or not. It was a very interesting discussion between two men who agree on a lot but have some significant differences in this case.
It was well worth the hour. You can find it on Megyn’s podcast from March 13.

Ramaswamy is an important Republican voice. I hope he gets more “relevance” in the party.

It was my first real exposure to him and I must say I was impressed. Clearly very smart. But also tough and focused. I look forward to seeing him as part of a debate because he had a lot of really good, intelligent points on the topic.

Early on in one of my favorite books of my childhood, the main character is driving along not paying attention. The car goes slower and slower and slower but he doesn’t seem to notice it happening and he eventually ends up in a place called “The Doldrums”.. Where nobody works, nobody plays, or even thinks. In fact all of these things are strictly forbidden. Once he figures out what a horrible place it is to be, he wants to get out. But he doesn’t know how.

He got back in his car, but it wouldn’t move. He didn’t know why. It is suggested to him that since he got there by NOT thinking, then the way out was thinking. So he starts intentionally thinking and thinking hard about lots of stuff and the more he thinks the faster the car speeds him out of The Doldrums.

As an aside, this is echoed later in the story, in Dictionopolis – the capitol of the Kingdom of words. Where words are THE most important thing. he gets into another car I believe to go to a royal banquet. This car also wouldn’t move. He wonders why, and is told “you must be very quiet, for it goes without saying.”

It’s a great book. Lots of deeper themes in the subtext I missed when I was a kid, but perhaps not as much as I think I did.

It’s The Phantom Tollbooth, by Norton Juster

Great book. Also there’s an animated adaptation by Chuck Jones that’s worth seeing.

“If you play pool with a guy …”

Which is why I say all charity should be local. The farther from local it is, the more it will be abused. In addition, it will create large piles of cash, will attract regulatory (political) grifters.

Also, forced “charity” … isn’t charity.

Also, forced “charity” … isn’t charity.
Good luck explaining that to any Leftist, who all think that the government is charity

“Oh, let’s put our money in bonds! It’ll be counterintuitive, outside-of-the-box, brave, and forward-looking. Sure, inflation has been accelerating and bonds are for periods of contraction, but we’re so connected to the Democratic Party that if something catastrophic happens, we can just ‘call in a chit’, ask for a favor. We’re the Tech darlings, after all.”

If only we could make crony capitalism illegal. Or more illegal. If we could make the lawmakers that are the lawbreakers accountable to the consequences of the laws they are bending for their friends and donors. Aaaaeeeiih!

Now just hold on there one damn minute! Are you saying that the law should apply to everyone the same, no matter who they are, or who they’re friends with?

But, but … That would mean the law would work exactly the same for everyone, even the rich and powerful?

It’ll never work.

Actually while there is no such thing as “white privilege” there is absolutely such a thing as “wealth and power privilege”. I think they’re trying to gaslight us with smoke and mirrors.

If the wealthy and powerful were not privileged to privileges the rest of us can’t afford, that would be an “equality of outcome” I could get behind.

I’ve read a little bit more and it’s worse than I thought. The Biden Budget – approved by McConnell – has “infrastructure” monies ticketed for climate change initiatives. Silicon Valley Bank loaned money to companies created to siphon these monies by claiming to have this in their business plan. Essentially sub-prime lending for politically correct companies with no real plans to do anything but collect tax monies. Read Solyndra from the Obama administration. And they’re being bailed out with our tax money with promises that the money won’t come from our tax money.

I think if you dig far enough you’ll discover that most of those “companies created to siphon these monies …” are heavy Democrat donors. Which makes the whole scheme an illegal perpetual motion kickback, a way for Democrats to resource and fund the people who donate to them through tax money.

Which is as you point out a prime example of crony capitalism. But it is also illegal graft justified by a very thin set of excuses.

Democrats then hide behind a cloud of obfuscation generated by climate alarmism, wokeism and other pathological mores while basically harvesting tax dollars through these cutout companies …

I.E.:
“We have to save the planet! We’re doing this by slackening banking regulation so that start-up Green companies can get financing! Nevermind that a significant portion of money loaned to these companies ends up in the Democrat War Chest, look at all the people we’re employing! Pay no attention to that man behind the curtain! We are The Great and Powerful Odd.”

Even if a tick carries some disease, a dog can survive one or a few ticks. When the ticks find a suitable host they multiply to the point where they suck the dog dry while introducing disease which compounds the threat to the dog.

The dog dies. Thomas Malthus described the problem well. The pathogen eventually destroys the host. The more successful the pathogen the steeper the growth curve. This is no doubt why the Democrats are so big on Malthusian theory, they see the world from the viewpoint of a tick.

The solution is for Republicans in power to throw sunlight on this despicable practice. That won’t stop people from voting for the ticks, they live on the blood of the dog. What it will do is appeal to the rest of America and the American sense of fair play which can only help Republicans gain voters from the vast pool of swing voters in the middle between the two parties.

LOL, good one Harry!

The problem with ticks and perpetual motion is as Margaret Thatcher put it so well …

“Eventually you run out of other people’s blood.” Or, er … maybe she said “other people’s money”.

Or in the words of Ronald Reagan:
“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”

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