Monday, May 3, 2010
Corruption Doubled, Tripled and Squared
I’m talking about corruption with all its bells and whistles – CORRUPTION on the highest order.
At first our currency/economy was based on gold. Then we got rid of gold and based our currency/economy on productivity (the talent, sweat and hard work of our population). Next, we based our currency/economy on credit (future productivity).
Note that each step expanded the universe of money significantly. Clearly, the gold supply is finite as there is only so much of it to go around. A calculation involving human productivity clearly increased the amount of what can be termed ‘distributable value’ or wealth. Adding to this a calculation involving future productivity (i.e. credit) had the effect of increasing it even more. Each step expanded the opportunity for individuals to generate untold riches, even as the basis for these (first gold, then productivity and, finally, credit) became more and more illusory and, at the same time, less and less stable.
The latest scam to increase the universe of money once again is ‘cap and trade’ which would essentially base our currency/economy on air. Step one was to declare CO2 a pollutant. Step two involves charging everyone emitting CO2 a fee for the unpardonable sin of breathing; and, thus, move vast amounts of money into the pockets of the people who were in on the hoax. Governments are in on it; academe is in on it; banks and investment firms (GS, Fannie and Freddie) are in on it; computer companies (Google) are in on it; media; education; unions – anyone who has been tireless in promoting the deal did so with the promise of a big pay-off to follow. Chicago was to be the center for trading in carbon credits. Already an exchange similar to the New York Stock Exchange is all set up there and ready to go.
When the University of East Anglia e-mails were released to the public the scam was exposed, it drove a stake in the heart of a world-wide fiction. The Left latched on to it big time for they rightly assumed it would put an end to capitalism. The one-worlders under the auspices of the UN latched on to it for they could now envision their dream - the dissolution of all borders - as being within reach. The religious wing, the environmentalists, viewed it as their ticket to a pristine world without man-made pollution.
Corruption equals the absence of principles. Any human endeavor lacking principles is bound to fail. The West has been in the process of shedding its principles for a long time. We have now reached the point from which there is no way forward. We have reached the wall. The attempt to tax air was the last straw. Still, those committed to what was obviously a hoax persist. They will now be tempted to apply force to get their way. We’re in for some rough sledding, folks.
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