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Great post.

With regard to the ever-increasing spending by the government, I specifically asked a friend (Ph.D. in Economics, long-time banking bigwig of a MAJOR bank, was director of their global strategic planning for 10+ years)

WHY

nobody ever points out that the gub'mint is $20T in the hole, and simply printing more fiat money???

His answer is that the currency that the global economy works off of is the dollar; it is the ONE universal currency that everybody accepts as the standard... For this one reason alone, the other countries do not challenge the USA on its' debt...

However, when I pointed out the increased spending, the sagging real GDP, the lowered interest rates (which will increase inflation), etc., and asked how long it will be before the other countries notice Lady Liberty has no clothes...

He couldn't give me an answer, and simply said "it's never happened before..."

Somehow, this didn't comfort me much...

I, Vidalia, heretofore and toot sweet do hereby declare, that, like many of my kind, close tubers and neighbors, who've been subjected to the same fate, declare that we request that those of high government ilk, who will not uphold the Constitution and continue to lie to the American People, be subjected to this final decision, without recourse, to the machine that has put many of our kind into a delectable dish, unlike the sub-magma-strata in which any socialist liar should be placed.

It is ... the very razor sharpened blade of ...

LE GUILLOTINE! LE GUILLOTINE! LE GUILLOTINE! LE GUILLOTINE! LE GUILLOTINE! LE GUILLOTINE! LE GUILLOTINE! LE GUILLOTINE!

Belushi lives.

The real corruption is in the government. Of course the politicians don't want you to know about it which is why they're shocked at corporate abuse. Methinks they doth protest too much. After all they've set the example for how to massage the books and bamboozle the American people into thinking all is well with the Republic. If Congress would attend to putting its own fiscal house in order then it might be able to teach the private sector about marketplace ethics. The political marketplace is sleazy as it gets and unlike with private businesses, there is no giving the public --- the American people who are the shareholders in our public institutions, a stake in clean government, no money back guarantee for bad customer service, and no real incentive for improving the final product. If the government were run like a private sector company, most of our leaders would already be behind bars.

Great post! JohnHuang2

If Congress would attend to putting its own fiscal house in order then it might be able to teach the private sector about marketplace ethics.... If the government were run like a private sector company, most of our leaders would already be behind bars.

Can I say that if the government were held accountable like the private sector most of our leaders would already be behind bars.

Also, if a private sector company was run like government -- funding itself with the extortion-barrel of a gun -- the private sector would all be in jail. Come to think of it, the government has created so man laws that virtually every citizen is a lawbreaker. Yet despite all those law breakers people and society continue to prosper.

Despite power-usurping politicians and self-serving bureaucrats that create and implement 3,000 new laws each year -- "must have" laws they and the media tell us; that without them people and society would run headlong into destruction -- people and society continue to increase prosperity.

How ever did we all manage to do so well for years and decades without having next year's do-or-die, must-have laws or the laws that will come the year after next and the years to come?

The fact is, politicians and bureaucrats are parasites and the workers of the world are the host. Without our work ethics they would perish, -- without their ethics of parasitism the workers of the world would flourish almost beyond imagination.

The War of Two Worlds
Value Creators versus Value Destroyers