Comments on: Washington’s Bubble http://www.bearmountainbull.com/home/washingtons-bubble-012809/ Musings on the markets for the individual investor Mon, 06 Sep 2010 07:06:26 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: BMB http://www.bearmountainbull.com/home/washingtons-bubble-012809/comment-page-1/#comment-12500 BMB Wed, 28 Jan 2009 20:15:05 +0000 http://www.bearmountainbull.com/?p=9261#comment-12500 Exactly what the 'end game' proves to be remains to be seen, but the 'slippery slope' is turning into an glacier-covered mountainside. Exactly what the ‘end game’ proves to be remains to be seen, but the ’slippery slope’ is turning into an glacier-covered mountainside.

]]> By: Christian http://www.bearmountainbull.com/home/washingtons-bubble-012809/comment-page-1/#comment-12499 Christian Wed, 28 Jan 2009 19:54:30 +0000 http://www.bearmountainbull.com/?p=9261#comment-12499 Thank you BMB for another excellent post on what we are getting into... Recall the famous words of Milton Friedman, "The power to do good is also the power to do harm"... The bankrupt Federal government is drawing us into a web of deception. It has been said that there is absolutely nothing to be gained by pretending that a bankrupt person or institution is anything other than bankrupt. In fact, there is a lot to lose by pretending that a bankrupt person or institution is something other than bankrupt. The bankrupt entity will draw into ruin anyone through whom it can sustain itself as it continues to conceal the deceit of its predicament. Oh, my, how the pretense is working well these days. Most are quite happy to go along with the marvelous plan that the government proposes. We believe all of the promises and assurances that it will all work to our benefit. The government says we must spend this money even though it has none of it on hand... and neither of course do we. The insipid truth that will later be revealed is actually a shocking realization that awaits us just down the road. There we will find a far more immense and looming obstacle standing before us. This new dilemma will make us think of the once "good old days" of our now current crises. We will remember the self-determinism and freedoms that we once had. My, had we only not recoiled so from the work of paring down excesses ourselves. Had we only accepted a life of less for a time as we allowed the poor decisions we made and our failed financial institutions also to work out as the capitalist system was designed to. Some of us would have to take responsibility for our past decisions just as the financial institions should also acept bitter medicine. Had we only faced the prospect of getting by with less which would have quickly pressed us back into meaningful work and increased our productivity again. Had we not turned to the promises of government. Had we only accepted our outcomes and done this by ourselves. Nevertheless the sheer size of the looming obstacle will stop us cold. It will completely obscure any way forward. It will be a new entity insisting it must now escort us forward. And we will learn then that our recovery can come only if we submit to being the willing slaves of this new entity (Hmmm... hadnt this outfit once showered us with such wonderful promises?). What we will find looming over us is our very government itself, yet now taking the ugly form of a politically socialist, oppressive and immensely regulated tax state. The choice is ours. Thank you BMB for another excellent post on what we are getting into… Recall the famous words of Milton Friedman, “The power to do good is also the power to do harm”…

The bankrupt Federal government is drawing us into a web of deception.

It has been said that there is absolutely nothing to be gained by pretending that a bankrupt person or institution is anything other than bankrupt. In fact, there is a lot to lose by pretending that a bankrupt person or institution is something other than bankrupt. The bankrupt entity will draw into ruin anyone through whom it can sustain itself as it continues to conceal the deceit of its predicament.

Oh, my, how the pretense is working well these days. Most are quite happy to go along with the marvelous plan that the government proposes. We believe all of the promises and assurances that it will all work to our benefit. The government says we must spend this money even though it has none of it on hand… and neither of course do we.

The insipid truth that will later be revealed is actually a shocking realization that awaits us just down the road. There we will find a far more immense and looming obstacle standing before us. This new dilemma will make us think of the once “good old days” of our now current crises. We will remember the self-determinism and freedoms that we once had. My, had we only not recoiled so from the work of paring down excesses ourselves. Had we only accepted a life of less for a time as we allowed the poor decisions we made and our failed financial institutions also to work out as the capitalist system was designed to. Some of us would have to take responsibility for our past decisions just as the financial institions should also acept bitter medicine. Had we only faced the prospect of getting by with less which would have quickly pressed us back into meaningful work and increased our productivity again. Had we not turned to the promises of government. Had we only accepted our outcomes and done this by ourselves.

Nevertheless the sheer size of the looming obstacle will stop us cold. It will completely obscure any way forward. It will be a new entity insisting it must now escort us forward. And we will learn then that our recovery can come only if we submit to being the willing slaves of this new entity (Hmmm… hadnt this outfit once showered us with such wonderful promises?). What we will find looming over us is our very government itself, yet now taking the ugly form of a politically socialist, oppressive and immensely regulated tax state.

The choice is ours.

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