Bought a paper copy of the financial times today, and while reading it, it struck me how economists and politicians around the world keep talking about the financial crisis like it is something to be fixed, something to be tamed, something to be controlled. They talk about how to save Hungary, about credit default rates for different countries, etc. And just for a while there, I started believing, that maybe if we just implemented the correct policies, we could ride this out, relatively unharmed.
Luckily, I snapped out of it. After the daily YouTube roundup, I found this clip with Glenn Beck (yes, the greater depression may be coming). I may not agree with his style at all times, but the guy is definitely doing his to enlighten people about the real truth. And something else struck me – the difference between the people I tend to agree with and those I do not, when it comes to the economic forecast : The previous group go into detail, explain the mechanisms, and give you a logic rundown of what is happening. The other group (Obama, Geithner, Bernanke and all the socialists out there) never go into specifics. It is not because they think people are stupid, and won’t understand how things work. It’s due to this :
1 ) They don’t know how it works.
2 ) They know that people are smart, so if they try to explain their viewpoint, people will explain why they are logically wrong
3 ) They think that as long as they pretend like its raining, maybe no one will notice and it will all be over soon
I said it before, gonna say it again – Obama was doomed before he set foot in congress. I did not however foresee that he would doom not only the US, but the entire western world to economic disaster for years. In a different universe, Ron Paul was elected, and after three or four horrible years, things turned around and the USA became the motor of the world, bringing us to unknown levels of wealth, inspiring countries worldwide to adopt the laissez-faire principles.