It is always fun to compare eras. Let’s go back and look briefly at the 1970's:
1970's: the age of growing, vocal discontent with the military industrial complex, their wars, their casualties, their incessant lies about the state of things coupled with the real economic malaise and decline of industrial production of the USA;
2013: never-ending, global conflicts engaged in by the behemoth USA military industrial complex [Afghanistan, Iraq, Somalia, Syria, Libya], cognitive dissonance such that former Soviet Russia’s KGB
leadership is counseling–and brokering–peace upon the brink of bombing and warmongering by the Nobel Peace Prize
winning AMERICAN President, coupled with the real–although heavily MOPED–economic decline if not outright depression of the entire USA;
1970's: public disgust at politicians for ineptness and malfeaseance, some public awareness of high level, active corruption by elected officials leading to political upheaval, coupled with large demographic groups which just wanted to party at the discotheque . . . The Bee Gees
, Donna Summers
, Saturday Night Fever
. . .
2013: public contempt at large-scale government intrusion and outright takeover of 1/6 of the economy, some public awareness of high-level government corruption, but largely confined to the tinfoil-wearing conspiracy theorists, coupled with bread and circuses of Dancing with the Stars, American Idol, Justin Bieber
, and the ubiquitous Kardashians . . .
1970's: inflation becomes part of the public lexicon, as prices for consumables rise leading to public awareness of poor monetary policy, political will is absent leading to drastic Fed Reserve interest rate measures and commodity shortages, gold prices begin their upward move;
2013: the USA national debt is part of the public lexicon, prices for consumables rise to the point that packaging ans unit sizes are manipulated and shrunken to hide the actual price increases, political will is absent resulting in coarsening of political dialogue to the point of ad hominem attacks and 30 second sound bites instead of reform or real fixes, commodity prices exhibit schizophrenic, interday price moves while computer algorithms dominate the arena; has gold now begun its upward move despite all the paper gold manipulation?
1970's: Dirty Harry reminds us all that criminals are getting away with crimes due to “technicalities,” like the 4th and 5th Amendments;
2013: Gun grabbing politicians and their beholden sycophants ignore the 2nd Amendment and launch law after law to reduce the ability of law abiding folks to obtain and possess firearms;
So, in the 1970's, the prevailing mood of the citizenry was one of economic malaise, coupled with erosions of freedoms by those in charge under the guise of public safety, who so clearly mucked things up under their watch and then had the audacity to claim entitlement to fix things. Did I get this right?
And now, in the year 2013, the economy is in tatters. We know it is from incessant and asinine central planning and implementation of the flawed, Keynesian economic theory
. Others just feel it and know that their wages and standard of living have decreased. The richest 1% read the Robb Report
and dream of eating a new, exotic sushi creation while drinking some rare vintage intoxicating beverage produced in small batches. Once again, those in charge have so thoroughly ruined things that only an insane person would think otherwise. Krugman and Obomber won worldwide acclaim for their, ahem, accomplishments. Yes, clearly, we are ruled by the insane.
When will it end?
Next week I will write about a fantastic book, Official Stories, recommended by a fellow Turdite some time ago. I am about halfway through it, but WOW, it is a great read!
TF Metals Report is supported by subscriptions and donations.
Become a GOLD MEMBER or DONATE TODAY!