Mark Steyn : Discredited. The Fed’s policy is accelerating American collapse

National Review ^ | 04/30/2011 | Mark Steyn

[SeekAndFind]

The other day Paul O

[Thermalseeker]

They’re quantitatively accelerating American collapse.

By design.

[SuzyQue]

“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.

[ClearCase_guy]

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.

[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.

[CanaGuy]

I hope you have enough change.

[Texas Eagle]

“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?

[NRG1973]

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.

[Travis McGee]

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.

[Mr Ramsbotham]

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.

[ConservativeDude]

They’re quantitatively accelerating American collapse.

What comes after the collapse?

[knews_hound]

Ping....

[P.O.E.]

What comes after the collapse?

"apres moi le deluge"??

[blam]

"What comes after the collapse?"

The United Nations will begin rebuilding the failed state.

[bvw]

“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.

[bvw]

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

[blam]

Americans Are Preparing At Unprecedented Levels

[bvw]

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.

[blam]

"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

[Travis McGee]

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.