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Mark Steyn : Discredited. The Fedís policy is accelerating American collapse
National Review ^ | 04/30/2011 | Mark Steyn

Posted on 05/01/2011 6:15:41 AM PDT by SeekAndFind

Edited on 05/01/2011 7:25:08 AM PDT by Admin Moderator. [history]

The other day Paul OíNeill said that . . .

Oh, wait. I suppose I ought to explain who Paul OíNeill is. A decade ago, he was President Bushís first Treasury secretary. I have no very clear memory of him except that he toured Africa with Bono and they were photographed in matching tribal dress looking like Colonel Qaddafiís Mini-Me twins at a Tripoli sleepover. Other than the dress-up fun, Iíve no idea why they were in Africa, but you paid for it, so Iím sure there was a good reason.


(Excerpt) Read more at nationalreview.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: devaluation; fed; federalreserve; monetarypolicy
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1 posted on 05/01/2011 6:15:47 AM PDT by SeekAndFind
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To: SeekAndFind
They’re quantitatively accelerating American collapse.

By design.

2 posted on 05/01/2011 6:21:50 AM PDT by Thermalseeker (The theft being perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
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To: SeekAndFind

“Michael Kinsley took it to the next stage: “If the national debt doesn’t matter, why have taxes at all?””

Exactly - if the money isn’t tied to anything, why not just print whatever we need and be done with it? (Don’t think about that one too hard or it will make you head spin with all sorts of negative implications.) And, if you have a marxist outlook on life and little or no understanding of how the real world works, this just might appeal to you. As it apparently does our Treasury Secretary.


3 posted on 05/01/2011 6:30:38 AM PDT by SuzyQue (Remember to think.)
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To: Thermalseeker

Yeah, what they are doing makes so little sense that you really have to assume that they are trying to make it collapse. We are clearly on an unsustainable path, and these guys are stomping on the accelerator.


4 posted on 05/01/2011 6:31:29 AM PDT by ClearCase_guy
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To: SeekAndFind
Mark Steyn writes great, witty stuff. Very entertaining the way he ridicules the hypocrites in government and society. And a great Rush Limbaugh substitute host too.
5 posted on 05/01/2011 6:37:01 AM PDT by Upstate NY Guy
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To: Thermalseeker

I hope you have enough change.


6 posted on 05/01/2011 6:37:50 AM PDT by CanaGuy (Go Harper! We still love you!)
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To: SeekAndFind
“The people who are threatening not to pass the debt ceiling,” he said, “are our version of al-Qaeda terrorists. Really.”

Wait. We can say "terrorists" again?

Wait, wait. To be clear, he means a bad version of al-Qaeda, right?

7 posted on 05/01/2011 6:43:09 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Upstate NY Guy
Mark Steyn writes great, witty stuff. Very entertaining the way he ridicules the hypocrites in government and society. And a great Rush Limbaugh substitute host too.

I totally agree and prefer Steyn to Limbaugh. Since Rush lost his hearing he has developed a "whiny" nature to his speaking voice...it doesn't project the image that I prefer. Steyn, on the other hand, delivers his satirical jabs at both the media and the progressives in a manner that helps listeners remain upbeat and cheery.

8 posted on 05/01/2011 6:43:34 AM PDT by NRG1973
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To: SeekAndFind; blam; dennisw; TigerLikesRooster; CodeToad; FreedomPoster; AndyJackson
Anybody who doesn't by now realize we're speeding across the North Atlantic on the Titanic straight into iceberg waters is a fool.

Anybody with a three digit IQ better be looking around for lifejackets and improvised liferafts, because the ones on the ship are too few in number and too likely to capsize from overloading.

9 posted on 05/01/2011 6:48:37 AM PDT by Travis McGee ("Castigo Cay" will be out in a few weeks.)
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To: SuzyQue
Exactly - if the money isn’t tied to anything, why not just print whatever we need and be done with it?

You could do that, and it would effectively be a way of taxing currency, the tax being paid through the devaluation of the currency everyone holds. Unfortunately the repercussions would be severe. No one would ever know how much the currency was actually worth, and it would take extreme discipline on the part of the issuing authorities not to exceed the limits of what your society could actually produce in terms of goods and services.

10 posted on 05/01/2011 6:51:13 AM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: SeekAndFind

They’re quantitatively accelerating American collapse.

What comes after the collapse?


11 posted on 05/01/2011 6:56:09 AM PDT by ConservativeDude
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To: JLS

Ping....


12 posted on 05/01/2011 7:07:16 AM PDT by knews_hound (Credo Quia Absurdium--take nothing seriously unless it is absurd. E. Clampus Vitus)
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To: ConservativeDude
What comes after the collapse?

"apres moi le deluge"??

13 posted on 05/01/2011 7:09:46 AM PDT by P.O.E. (Pray for America)
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To: ConservativeDude
"What comes after the collapse?"

The United Nations will begin rebuilding the failed state.

14 posted on 05/01/2011 7:11:37 AM PDT by blam
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To: SuzyQue
“Michael Kinsley took it to the next stage: “If the national debt doesn’t matter, why have taxes at all?””

He's the first to say that -- I heard it from some government worker union officers back in 2001.

15 posted on 05/01/2011 7:11:58 AM PDT by bvw
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To: SuzyQue

typo fix: “He’s NOT the first to say that...”


16 posted on 05/01/2011 7:13:08 AM PDT by bvw
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To: SeekAndFind
Americans Are Preparing At Unprecedented Levels
17 posted on 05/01/2011 7:15:27 AM PDT by blam
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To: SuzyQue
if you have a marxist outlook on life and little or no understanding of how the real world works, this just might appeal to you

Marxist? The strange thing is that this most impacts, steals the most, from the little people who own very little, and whose savings are in cash or bonds.

The rich with land, property, assets, and stocks all benefit directly, as their assets go up in value and their buying power -- the ability to buy labor cheaply -- goes way up.

These policies of printing money from nothing serve more than any other policy to CONCENTRATE WEALTH AND POWER in the elite and capitalists.

18 posted on 05/01/2011 7:18:02 AM PDT by bvw
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To: Travis McGee
"Anybody with a three digit IQ better be looking around for lifejackets and improvised liferafts, because the ones on the ship are too few in number and too likely to capsize from overloading."

In a couple of months?

The Next Two Months: Best Case, Medium Case, Worst Case

19 posted on 05/01/2011 7:21:31 AM PDT by blam
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To: blam

Some event could trigger it at anytime. The middle east going rocket happy, for example, beginning with missile launches into Israel. Or it could drag out for a few more years. In either case, folks better be thinking LIFEBOAT now.


20 posted on 05/01/2011 7:23:24 AM PDT by Travis McGee ("Castigo Cay" will be out in a few weeks.)
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