Straight Talk about Printing Press Money

We've left the Age of Pisces, whose sign is two fish swimming in opposite directions, symbolizing the plight of today's America. We've entered the Age of Aquarius, whose sign is the water-bearer to humanity.

Having referenced the above signs of the times, this water-bearer says if you think you need big government, your wish has come true with the election of Barrack Obama. The national debt he plans to heap on taxpayers is beyond comprehension, but never fear, Obama has a plan for you. He has a magic printing press that prints money. He plans to print money and hand it out to the voting constituencies who think they need big government.

This printing press money simply says the bearer promises to pay all debts public and private. Have you ever thought about that? As Obama hands out his Monopoly money-nothing to back it, we've an astronomical debt---the money in circulation will be watered down. At first, the phony money will stimulate economic growth. But then workers will see their pay checks not buying as much. They will cut back on their purchases. Those who owe a lot of money will be paying off their debts with cheaper dollars. That's good, but think again. That also applies to government, the redistribution agent. It's the same as tax. Obama plans to cut the deficit in half by making the dollar worth half as much-in two years. What if the worker owing a lot needs all of his watered down money to buy essentials; he has none left over to pay his debts? Not to worry. The government will print enough money to help its friends. Indeed, you can bet that Obama is going to have a lot more friends than he now has. America's producers, if they are not already, will be begging for help. We know that Obama is not going to allow industry to shut down. He is going to continue bailing out industry. The money he gives industry will have strings attached. Hitler had what he called National Socialism. Stalin called it Communism. But not to worry. In America, we've got democracy.  It is not socialism. It's compassionate liberals helping out  those in need (in George W. Bush's case, compassionate conservatives helping out those in need).

Back in the 1960s, I lived in Dallas, Texas. Dallas' fat cats, the one's who controlled local government, got the bright idea of making the Trinity River a canal that would allow Dallas to be a seaport. It would be great for Dallas' economy. Said fat cats went to Washington for the money. It would be great for the politicians in Washington to help out Dallas. Everything was looking good. Said fat cats bought up all the land in Dallas bordering the Trinity River real cheap. It was a flood plain. Every spring the Trinity River covered the land.

Alas, a kill-joy in Dallas exposed the fat cat plan to make millions on the flood plain when it became a sea port. Making the Trinity River a canal was not economically sound. Said kill-joy was elected Dallas' congressman. He killed the "earmark" for the canal. He also killed the "earmark" for an unneeded Federal center in Dallas. You can imagine the anger he generated in Dallas' fat cats. They financed Dallas' mayor to run against this kill-joy congressman. He served only one term. But the "cat" was out of the bag. Neither the canal nor the Federal center materialized.  That was then and now is now. The situation reminds me of a giant rocket, after launching, zooming out of control.

"The self-fulfilling prophecy is, in the beginning, a false definition of the situation evoking a new behaviour which makes the original false conception come 'true'. This specious validity of the self-fulfilling prophecy perpetuates a reign of error. For the prophet will cite the actual course of events as proof that he was right from the very beginning." Robert K. Merton

Money goes where money flows. There is a correlation in Obama's election and big money. He raised, by far, more campaign money than anyone else. That money did not all come from the meek and the poor wanting a cut of the pie. Now it's payback time. There are over 9,000 earmarks in Obama's economic stimulus package, 40 percent of them Republican. Guess who is going to wind up in total control your life? They say the root of all evil is money.