Do We Trade Places Now?

So, the people who accurately described the problems we faced, and warned of the pickle we are now in, what happens to them? Do they change places with the mainstream media, government and industry? Do the bankers and lawyers and academics who brought us this mess have their positions liquidated in the free market, and the people who were correct move up to the commanding heights?

No. If the FED did nothing, and the government did nothing, all of those people who promoted and profited from this disaster would find their assets wiped out, and they and their followers would change their minds about their ideas. Larry Kudlow would be seeking gainful employment right now.

As the economy reordered itself to a natural state, we'd have butter shortages for say six months, among other inconveniences. And that would be it, except we would all know the shortages stemmed from the incoherent philosophy of mainstream economics, the politics of lying; religion, academia and law being bought off, with false charity and government violence being the fundamental organizing principle of this regime.

A Mike Gravel, Ron Paul, Dennis 'the menace" Kucinich, a Ralph Nader might get a fair hearing. Law and religion, politics and business, academia and government would have to do some soul-searching. The people who were right would get a fair hearing in arguments with the people who were wrong, and morally wrong. We Americans would get to work, sorting out our personal lives, and exacting condign punishment on those who led this disaster.

But that will not happen. In every other time in history, what the powers-that-be in fact do is get into a war. And everyone rallies a round the flag. There are still butter shortages, but it is claimed to be due to the war effort, which people will feel good about, and not because of bad government policy. And the shortages last for five years, not six months.

The whole world is thrown into a turmoil, moves to war footing, all industry and commerce is regulated, and when excess production capacity is destroyed around the world to the point that the exhausted parties agree we can all start anew, then we reemerge on a new world order. Exhausted from war, we’ll naturally deregulate, which we should have done instead of war. And happy days are here again, sans 20 million people.

This is how USA got on top 60 years ago, but it is unlikely we would be on top this time around.

Nonetheless, the people who got us into this mess would still be on top, albeit a much reduced USA. No matter if in the USA the vast majority sees our rights, privileges and standard of living drop. When Rome finally disintegrated, it was a Roman Emperor who headed new regime. The nazi elite who thrived before and during W.W.II were the very ones, except for a few top players, who continued to run Germany after the war. The people running Russia today were running the Soviet Union.

The people who got us in this mess will remain in power in USA. They will have caviar and private jets and high-fee call girls (or boys, when republicans are in power) and red carpet treatment, like a Bokassa emperor-for-life, when they visit overseas.

If you were John McCain or Hillary Clinton (or pick your fave) would you apologize and withdraw from power, or start a war?

This process will take about 25 years. We self-employed will continue to fill in around the edges. We will watch, like the Amish, as those around us descend ever more into the madness. And the whole time slather farm-fresh butter, which we traded for something of equal value to the farmer, on our toast.

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