Posts Tagged ‘European Socialism’

Socialism Crumbleth, Part 3: The Terminal Patient

May 31, 2012

We are now seeing the final stages of Socialism crumbling around the world. Europe’s crisis was and is an event just waiting to happen. Even without the massive burden of paying for U.S. military protection, as the American taxpayer is doing, the Europeans didn’t take long to spend themselves into socialist poverty, while below there feet in Africa, hundreds of millions starved and slaved for a dollar-a-day. Funny that their loving socialism never dripped across the Mediterranean and fertilized Africa, if it were such a good system? The Europeans certainly have had enough wealth since the 1980s to have developed the African standard of living up to their own if their socialism had really worked, and they had really loved their fellow men as they loudly proclaim all the time. But they got used to the cushy, unexistential lifestyle that the affluence of the printing press usually brings to a society for about twenty years. The similarity of socialist deficit financing of their ever growing entitlement lists, through the printing of fiat currency, and amphetamine addiction, is quite striking. About twenty years and then the systems, economic or human corporeal, fail. America has lasted a lot longer because of its pre-war wealth, and because it was tops economically after WWII. It also probably had more Libertarians who ranted and raved against Socialism than Europe had at that post-war time, so American Socialism didn’t really take off into phase two until War Criminal Lyndon Johnson announced his plan for the “Great Society”. Fifty years on we can see how “great” it is.

The Greek crisis serves to show just how impotent politicians are in controlling economies, as any Austrian economist would have told them, save for those politicians who would let free-market Capitalism operate with the utmost latitude like Ron Paul and Gary Johnson, while retaining the fraud laws and probably many OSHA regulations designed to prevent the kind of worker endangerment that used to be rampant in industrial America, and which still is in many industries like coal mining, as we can see from the mining and oil disasters that occurred well into the Obama Administration’s taking over OSHA. But apart from frauds like food adulteration, counterfeiting rare coins and selling them as genuine, rewinding odometers on used cars, altering gasoline pump meters (usually in the station owner’s favor), etc., there would be absolutely no restrictions on the Liberty of Trade in a Capitalist society. All the aforementioned frauds would still be crimes under Libertarian Capitalism, and the sentences would be far longer than currently, since the jails would be emptied of 70% of their captives with the decriminalization of the possession of drugs under a Libertarian Administration, and there’d be plenty of room to hold business frauds for longer terms of incarceration.

And since Socialist economies around the world are dependent on this Socialist Ponzi scheme’s keeping rolling along, the fall of Europe is going to derail them all. We can see it in the last few days as China not only slows industrial production but is starting to have trouble with its own Commie Banks, if such a phrase is not an oxymoron. And America’s slowdown will also hit China, like someone suddenly blasting AC/DC on a boombox in the middle of a church service.

The long predicted world Depression has finally started to hit a few weeks ago, and from now on its going to be down down down.

It could have been avoided in 2008, but American Socialists voted for Barack Obama or John McCain instead of Ron Paul. Now it is too late, unless somehow Ron Paul or Gary Johnson are elected President. Then there would be a chance that in a few years we’d be back in an economy that provided most of the benefits that Socialism promises, but without the coercion.

Government should be a tool, like the body, that runs efficiently, but of which one is virtually unaware. The ego is unaware of the body when the body is healthy; it only becomes uncomfortably aware of it when the body malfunctions. And so too with government. The government that doesn’t stick its nose in its people’s private business, but rather promotes their Freedom, is like the healthy body. It is the government that sticks its nose into its people’s private business, when there has been no property rights aggression by the Individual, that is the sick diseased government. It is also the current government of the United States under Barack Obama, but it is not the government envisioned by Thomas Jefferson, James Madison, and George Wyeth.

In a nutshell, Socialism fails because it has no accurate pricing mechanism for capital goods. This is Mises’ argument in essence. And currently in Europe you can see the failure of the various shades of the Socialist system in action. Simulataneously it brings both inflation and depression, and that is what we see today, as millions of Socialists slip into abject poverty due to the greedy system they so clamoured for. Their greed has been rewarded many times over. Yes, Socialists invest greed to produce poverty the same way  Capitalists invests their surplus labor, objectified in their money, to produce Capital. Only the Socialists are better investors in this instance.

The Hitlerian dream of Germany uber alles Europe is fast fading along with his peabrain Socialism which still, 67 years after the wonderful news of his death, is massively popular in Europe. Germany thought it could ride the Marshall plan into the 21st century, continuing to milk her defense costs out of the American public, which scheme of course was supported by the Quislings of the Democratic and Republican Parties, both riddled with Socialist principles. (For example, what modern Republican would dare speak out against the restrictionist Minimum Wage Laws or the immoral Farm Subsidies, except Ron and Rand Paul?)

Euro-Socialism is bringing the continent and China to their knees, and the election of either Obama or Romney will bring American Socialism to its knees within their term. Unless there is a worldwide revolution in economic thinking, Socialism will breed more and more chaos in society. But the brainwashing of Socialist thinking pervades all facets of modern society. The visual media, the Hollywood propaganda films, and Government Radio (NPR, BBC) all contribute their subtle conditioning, so that the listener or viewer is easily lulled into thinking the way they want him to think. And Corporate propaganda goes hand in hand with Government propaganda, as if they were both called in by the President to the same meeting. The Corporate commercials always reinforce the image that Government itself wants to convey. And then the same Government funnels enormously lucrative contracts to these same Corporations. And the lemming voters keep voting Democrat or Republican as they let themselves be ripped off.

Until they voted Libertarian in 2012.

The terminal patient of Socialism is groaning in agony, and the ECB is giving it morphine. Within a few days or a few weeks, the morphine will prove toxic, as the pain of the necessary correction of the malinvestment causes more urgent cries from the economically confused and panicked populace.

Watching the death of Euro-Socialism should prove most instructive to future generations of Free-Market Capitalists. We can hardly wait to attend the funeral.

Hoooooooooooooooooooooooooowwwwwwwwwwwwwwwwwwww! — Silverwolf

Bromide Obama: Acid Relief for the Euro-Bankers

April 6, 2009

Another day, another Trillion Dollars. President Obama is a nice guy. Silverwolf loves his generosity as he gives away our money to help our poor banking friends in Germany and France. It’s no wonder the Euro-Socialists were smiling “aux deux oreilles” — unto their two ears, at the conclusion of the G-20 meeting. With a deal like this, who wouldn’t smile.

Basically, Obama and Cardinal Geithner, his chief religious counselor when it comes to the economy (Rev. Wright imparted him with spiritual guidance long ago), and a worthy successor to Cardinals Richelieu and Mazarin, have given the European Central Bank and Trichet an easy out by committing to one Trillion dollars of new aid for the “developing economies”. This means that the Franco-Deutschland banks, won’t have to bite the bullet and eat the losses on their crummy exploitative loans to the up-and-coming in Hungary and Eastern Europa they were cleaning up on recently. The IMF, largely through American largess, will foot the bill, and the Euro-Socialists can go on their merry booze-filled way, giving their peoples all kinds of Socialist goodies once again, while Americans are forced to fight like ants struggling to get to the top of the ant heap, just to compete with the inflation which domestic welfare alone drives upwards. Food and healthcare costs already endanger anyone not on some kind of Socialist program in America, while those who are covered never experience the existential angst of being without any “safetynet” other than what their capital can procure on the no-longer free market. Now, our currency must be further debased because Obama wants to, or is willing to, let the Euros off the hook.

This Obama giveaway led to the Eurosocialist Central Bank not having to cut rates as much as they needed to, as a sop to Euro holders and savers. But of course, the strengthening this will cause in the Euro, if any, will probably be temporary, as their exports become even more uncompetitive in the universal global slowdown. Then they too will have to engage in that beautifully euphemistic phrase, “qualitative easing” — more bank talk for making the public poorer at the expense of the State.

The Socialists of Europe will make a pig’s breakfast of their EC Union, Silverwolf predicts, and it would collapse forthwith if it were not for American subsidies, both militarily to NATO, but now, also economically, through “injection” of IMF and Worldbank Funds.

By the way, if they are giving a Trillion, and China is giving $30 Billion of that, and there are 20 countries in the G20, and quite a few rather small, well, let’s see, if divied equally that would be 50 billion each,… yet if the richest creditor is only giving 30 … well, where is the rest coming from? Gold sales cover roughly a tenth, but who put up the other nine tenths?

Most of it, of course, will come from the future generations of US taxpayers and consumers (known familiarly to the FED members as “cons”, because they can be so easily conned) , either through higher taxes or through inflation. That is, if the American public continues to let itself be collectively fleeced like passive little lambs. But as taxes rise, people become more discontented. And they now know, after the AIG robbery, what is being done with the sweat of their brows. California, for example, has just increased its sales tax, and is shifting its income tax increases solely to the backs of the individual taxpayer, with absolutely no increase on corporations or businesses. At some point, that old Colonial outrage at unjust taxation will kick in, and then the Liberal politicians will see a political backlash that has been growing since the days of Senator Taft (Robert, not William Howard) and the founding of the Libertarian Party, and its philosophical sister-movement in the Republican Party, the Goldwater wing.

In the meantime, Bromide Obama, Helicopter Ben, and Cardinal Geithner will continue to distribute the largess of the American peasantry, as we so industriously slave to keep our Euro-brethren from suffering bank stock losses.

As Reverend Wright taught our new President, You are your Euro-Socialist Brother’s keeper.

Hoooooooooooooooooooooooowwwwwwwwwwwww! — Silverwolf