Archive for May, 2010

Timothy Leary vs. Barack Obama, Or The Futility of Capitalist Activity in a Socialist Society

May 24, 2010

“Turn On, Tune In, Drop Out”. Sage advice from the Sage, on a sunny San Francisco day, a billion years ago in history.

And now once again, as the final smothering of Freedom completes its devolvement under President Obama, sage advice to the Capitalist, the Lover of Freedom, and the Hippie. For in this new society where once there was Jeffersonian Freedom (though only for a few), one must now pay a corporate tribute to the Mercantilist Insurance Interests of the Democratic Party just to exist. DeFazio, the President, Pelosi, Reid, and dozens of others have put the leg shackles around every American man and woman, and those to come, with their Corporate Welfare Health Care Bill, and have overthrown the Bill of Rights and the Inalienable Rights of Life, Liberty and the Pursuit of Happiness that Jefferson so eloquently championed in his Masterpiece. Under this new Draconian Regime of Mussolini-like Corporate Monthly Tribute payments, so reminiscent of the old shake-down schemes of the early Mafia, a Man no longer belongs to himself, but is actually punished for maintaining his health so he can continue to work, while having to pay the enormous medical bills of tobacco addicts, dead animal eaters, addictive drug users, junk food addicts, and the obese.

Under these circumstances it becomes very clear to any perceptive American that he is being cruelly exploited if he continues to be a productive working citizen in America, while if he can fall within the welfare guidelines, or the State Pension guidelines for the obscenely high pensions that State Workers receive in America, so reminiscent of Greece, then he can have a life of Riley, with far more economic security than any Entrepreneur, Capitalist, or Risk-taker in America. Why get up and kill yourself every day, just to have 50% of your income confiscated if you are even modestly successful, and 40% of your estate looted from your children when you die if, in spite of the income tax, you managed to accumulate anything significant? Of course, if you opt to stay poor, the government won’t tax you, so the choice is yours under President Obama and his Democrats: let yourself be exploited if you work hard and are very talented, or stay poor.

America has reached a point where engaging in Capitalist activity, other than to meet ones most basic requirements of food, clothes, and shelter, is to continue to work on the plantation for two bowls of gruel a day, when you could walk into the wild savannah and be free, but only have one bowl of gruel a day. The game is no longer worth the candle.

Therefore, Silverwolf would have to agree with Timothy Leary that one should “Turn on” — turn on to the economic truths of history by studying the Austrian School of Economics’ principles, better known as Free-Market Capitalism or Praxeology,  and debate within yourself whether they make sense or not in the light of the Keynesian disaster that the Democrats and Republicans have brought upon a once Libertarian nation; “Tune in” — continue to watch the political and economic degeneration that is taking place at a faster and faster rate, and try to understand it in the light of what you have learned from Economic Geniuses like Professor Ludwig  Mises, Nobel Prize Winner Frederich Hayek, Professor Murray Rothbard, and Congressman Ron Paul; and “Drop out” — don’t waste your time engaging in economic activity under the Socialists that will bring your income up to a taxable level. Let the Communists and the Socialists of the Democratic Party and their Unions pay the taxes, and the Corporate Socialists of the Republican Party, with their Farm Subsidies, and their Military-Industrial contracts, let them pay the taxes. Any hard work you do that results in tax revenue for the Socialists will merely make them look better, and they will point to a lower budget deficit as a sign that Socialism is being successful. Thus, by working hard, you will be contributing to the final snuffing out of Freedom and Capitalism for all Mankind ( the two are inextricably linked), and helping to insure the final victory of Socialism.

It is doubtful that anything a Wolf could do will now change the inevitable descent of the West into a new, refined form of Socialist Fascism. The brainwashing of the American Public is so extensive, and the educational levels of the general populace so puerile, that having a rational debate with almost anyone is futile. The most basic assumptions, that society could not go on without all these unnecessary government intrusions into every citizen’s life, are now excepted by such a large portion of the uneducated, publicly-educated, masses of voters, that attempting to change opinion through logical discourse is a grand exercise in futility.

And when action is futile, there is no point to it. It is a dissipation of energy.

Therefore, Silverwolf would say to all True Capitalists: If you really want to crush Communism non-violently, and this vast, unfree, Socialist society that America has become, that dissipates so much of the sacred Life Energy and Time of its citizens with rules, regulations, and red tape that only rich corporations can deal with efficiently (that’s why they were put in, to keep out the competition of the little guy), then follow that old Zen Buddhist prescription: “Sitting quietly, doing nothing” until election day in November, and, if the Democrats and their few allies amongst the Republicans still hold dominion over power after that, then until November 2012.

“Turn on, tune in, drop out”.

The Sage’s advice then, and sage advice now.

Hooooooooooooooooooooooooooooowwwwwwww — Silverwolf

The Fourth Reich Panics: Germany Bans Short Sales

May 18, 2010

It is both interesting and instructive for the student of Austrian Economics to watch the predictable panic and superimposition of Draconian economic measures that Socialists always display when their economic Ponzi schemes start to unravel.

And so it is that that angel, Angela Merkel, and her German BaFin financial controlling body, have gone berserk in the face of the continued fleeing of investors from their Euro, and banned “naked” short selling of both Euro bonds and 10 large banks and insurers. You can be sure that when major world markets like the Euro-Socialists start imposing ad hoc rules, out of thin air, to try to control their markets, then panic has set in amongst the Socialist politicians. That huge Socialist rip-off, known as the Euro, is being shown for what it was; an attempt to give everything to everybody, without any pain, in the name of that eternal Socialist rallying call, “social justice”. I wonder how those who were not receiving any socialist benefits in Europe must feel as they see the value of all they’ve saved lose several years bank interest every few days, from currency devaluation. The little people of Europe are realizing that not all Socialists live east of the Berlin Wall. Indeed, it was more like no Capitalist ever lived to the West of that wall, until you got to America, and even that is stretching it a bit, given America’s 40% Socialist system.

Of course, things like trading bans are just red flags in front of bulls, (yes, I know they’re colorblind) or rather bears, and tonight’s reaction in Europe, as the rules are suddenly changed by the Germans out of thin air, should be of great interest to the Austrian School of Economics student. Those investors with some knowledge of history know that trading bans are merely Fascist impositions on the free-market, whether carried out by Hitler, Mussolini, Franco and Mugabe, or Merkel, Geithner, Obama, and (now thankfully gone) Mr. Brown. And those impositions are not taken very fondly to heart by millions and millions of investors.

Merkel says she is in a war with the speculators, and she will win. But she is actually at war not only with the “speculators”, as she so disparages Free-Market Capitalists, but also with vast numbers of small investors. And when they hear “trading ban” they know that something is rotten in Denmark (or is it Frankfurt and Brussels?). If she thinks that she is so powerful that she can micturate into the financial winds and not get the gift of blowback, then she is just another Socialist politician, with absolutely no idea of what the Free-market and risk taking means. But politicians all receive their paychecks from the government, not from consumers like real Capitalists must.

The German dreams of their Fourth Reich ruling over all Europe are fast becoming a National Socialist beerhall hallucination from the past. The Draconian financial Putsch announced only a few hours ago put an end to all that.

Capitalism uber alles!

Hooooooooooooooooooooooooooowwwwwwww! — Silverwolf

Socialism Crumbleth, Part 2: The Keynesian’s Final Hour

May 8, 2010

The Keynesian’s final hour has begun. The financial carcinoma that was instituted into the world monetary system with the triumphs of Socialism under Roosevelt, Mussolini and Hitler, has finally spread throughout the entire body of Capitalism until it is eating it alive. Just as Nobel Prize Winner Frederic Hayek predicted in his 1946 “The Road to Serfdom” (written in 1943), any amount of Socialism must finally spread and bankrupt the entire system, and those accurate predictions of Hayek’s are being so beautifully played out in Europe, that bastion of Socialist “Social Democracies”. Exactly. “Social Democracies”, without Jefferson’s fierce defense of property Rights, will inevitably descend into chaos, as they spend themselves into bankruptcy. It happened in Rome 2000 years ago, and it’s happening in Greece and Germany right now. The exact same phenomena, since the psychology of people vis-a-vis money never ever changes. The attitudes of a man were exactly the same towards capital two millennia ago as they are today in the worker who takes his money to the supermarket, and tries to shop carefully. And since these  economic attitudes and psychological “laws” are exactly the same on an individual basis for all people, across all ages, it follows that the economic herd behavior of Mankind will likewise be the same irregardless of time. We may have computers and iphones, but psychologically we are no different from the Roman middle-class patrician who wanted to grow wealthier but was afraid of poverty.

So Euro-Socialism is crashing and burning, and that even with the U.S. footing over $100 billion a year in defense costs that Europe doesn’t have to provide for itself. Euro-Socialism evidently also entails ripping off the American taxpayer, for now we hear that the Frog-German Axis wants America to bail out their grand visions of Euro-Socialism by having the IMF give, called loan, them the money, instead of Congress. It sounds more antiseptic if the IMF does it, and the Prez can go on TV and tell us how we have to help stabilize our Euro-brethren with the money we don’t even have for our local police protection.

Yes, let’s bow down and give our all to the Europeans. After all, they deserve it, and we don’t. Even though we’ve micturated away a Trillion dollars (at least 10 times 100 Billion) over the last decade alone (not including the annual interest on that amount) defending them, so they could spend the money on all kinds of sugar-coated subsidies, which the slaving class in America goes without but must pay for. No, we have not sacrificed enough, for we are Capitalists (supposedly) and therefore wicked, while they are Socialists (evidently) and therefore sacrosanct. And therefore deserving. So put a copper 5-Rothbards coin in our collection can for Luxembourg.

It’s interesting how the calmsters were quick to blame yesterday’s biggest drop in 23 years on a trader error,  for what is predicted by Elliott wave theory is precisely a very violent wave down in this phase of the wave pattern. Yesterday’s 1000 drop, the worst in 23 years is right in line with that theory, but those who think that there are simple rational explanations for all economic events, and not mass swings of psychology and mood, had to have a plausible reason for the plunge. Yet, if hitting a wrong button or typing in a wrong number can derail an entire system, the system would probably be crashing dozens of times a day, given how many incorrect orders, or buys where sells were meant, occur by obsessed, harried, and scared traders. And what of the margin mechanisms that supposedly won’t let a trader sell contracts or stock than he has not the margin for. That should have blocked such a mistake from occurring right off. No, another bromide for the twice caught bulls. They’ve forgotten their lesson after only 14 months. Greedus resurgits. (Is that really Latin?)

And Keynesian Socialism may find itself fatally gored this weekend by a Northern Rhino that will bring about the West’s Keynesian failure as the state of North Rhine-Westphalia votes on the Merkel miracle of Greece’s delivery at the cost of depressed Germany. They think they are depressed because of Merkel, or some politician, or even the Greeks, but they are depressed because Socialism by its inherent logic always ends up spending itself into poverty, and like amphetamines, while the addict is high, he’s got his energy and euphoria, but one day his bodily reserves run out, and then he crashes miserably. And Europe has been running on the amphetamine of Socialism for decades. Time to pay the piper, and have your rotten teeth fall out.

Of course, Europe should bite the bullet, even with their gums, and devalue their currency back to the Socialist level it warrants, which we’d wildly guess right now would be about 90 cents, but of course, that is to declare Socialism a failure, and it will take a few more years, or months, (or days?) of suffering for that satori to rain down upon the People’s consciousness.

Tricky Trichet has tricked them again, just as Tricky Dick did in 1973 when he committed the crime of closing the gold window. “Believe and you’ll be disappointed” goes the old saw.

A lot of Europeans, bond holders and stock bulls believed. And the price of believing in Socialism is …

Hooooooooooooooooooooooooowwwwwwww! — Silverwolf