What’s the difference between a really strong weightlifter and a really, really, really strong weightlifter?
A busty young thang was trying on an EXTREMELY low cut dress. As she studied herself in the mirror, she asked the sales lady if she thought it was too low cut.
"Do you have hair on your chest?" The sales lady asked.
"No - certainly NOT!!!" Replied the young thang.
The sales lady then told her, "Then it's too low cut."
A Marine returns from duty in Iraq and is immediately reassigned to a remote location in Afghanistan
That evening he arrives at his new post; a run down mosque in the middle of nowhere.
As he switches over with the marine currently stationed there, he realizes there is no bed, no clean water, no toilet, just him, his weapon and the dirt on the floor.
The next morning he wakes up to find a queue of naked men leading into the mosque. At the front, the mosque leader is in prayer with the man leading the line.
As the prayer finishes, he drops to his knees and swings his fist into the naked guys balls, flooring him! The naked guy slowly comes to his senses and crawls out of the mosque.
Confused, the marine asks the mosque leader what's going on...
"These men are thieves, rapists and murderers from all over Afghanistan." He says, "Instead of prison, their punishment is to walk through the desert in nothing but their sandals, receive Allah's justice, then return home."
The marine returns to his post and continues to watch these unusual punishments.
After 6 long months of no bed, no clean water, no toilet and witnessing this unusual justice system, his replacement arrives.
"Hey, my last post was in Korea, how is it here?" Asks the replacement. "And what's with this queue of naked guys in the middle of nowhere!?"
"Well, I'll be honest with you", replies the marine, "this a shit post, and what you're looking at here is a criminal punch line."
I was about to have sex with the wife last night when I dropped the condom. I couldn't find the bloody thing, so the wife helped me out by switching on the light.
I no longer wanted to have sex.
Important lesson learned from 2020.
If vodka doesn't fix the problem, you're not using enough vodka.
Quote of the Times;
“For every complex problem there is an answer that is clear, simple, and wrong.” - H. L. Mencken
Link of the Times;
Issue of the Times;
Karl Marx’s Road to Hell is Paved with Fake Money by M.N. Gorden
“The way to Hell is paved with good intentions,” remarked Karl Marx in Das Kapital.
The devious fellow was bemoaning evil capitalists for having the gall to use their own money for the express purpose of making more money.
Marx, a rambling busybody, was habitually wrong. The road to hell is paved with something much more than good intentions. Grift, graft, larceny, corruption and fake money are what primarily composes the pavement. Good intentions are merely dusted in to better the aesthetic.
If you want to understand what’s going on with exploding price inflation then you must understand this…
Right now in the United States we have a scam currency that’s controlled by central planners. Specifically, we have what Marx envisioned in Plank No. 5 of his Communist Manifesto:
“No. 5. Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.”
The Federal Reserve System, created by the Federal Reserve Act of Congress in 1913, is indeed a ‘national bank’ and it politically manipulates interest rates and holds a monopoly on legal counterfeiting in the United States.
Without the Fed’s policies of mass credit creation the U.S. government could have never run up a national debt over $28 trillion. Without the Fed’s policies of extreme credit market intervention the U.S. trade deficit for March of $74.4 billion – a new record – would have never been possible. Without the Fed’s printing press money the U.S. government could have never run annual budget deficits over $3 trillion.
The fact is centralized credit in the hands of a central bank always leads to money supply inflation. Asset price inflation and consumer price inflation then follow in strange and unpredictable ways.
These price distortions are not defects of capitalism. They’re symptoms of a scam currency managed by central planners.
The Nobel Planner
The economy is a complex living organism. It continuously evolves and is always subject to change. One relationship at one moment can be completely different at another moment. Supply and demand are incessantly adjusting and readjusting to meet the conditions of the market.
These continuous interactions provide a natural and efficient response to supply shortages and gluts. Even in a moderately free market economy, bakeries do not run out of bread when there’s a wheat crop shortage. The shelves never go empty. Rather, the price of bread rises and consumers adjust their spending accordingly.
Centrally planned economies, on the other hand, are inclined to frequent, intensive and chronic shortages. Bureaucrats, armed with spiral bound planning reports and pie graphs, are incapable of fixing the proper prices for gumballs and gasoline by diktat. There’s simply too much going on and too many moving parts for them to consider.
With the best of intentions, the noble planner makes their best guess of the appropriate price control. So, too, graft and corruption takes over to ensure the fake money flows to preferred industries and providers. Then things invariably go haywire.
The supply of certain goods or commodities may be more than adequate. But when a price administrator enforces an artificially low price, consumers are prone to wasteful behavior. They’re compelled to demand a greater amount than is supplied. Hence, the store shelves remain perpetually empty.
Certainly, uniform standards work well for units and measurements. They’re critical to building consistency and standardization of hardware and parts. They’re even necessary to effective communication and computer programming. For certain things, however, uniform standards come up short…
When it comes to the pricing of goods, commodities and services, commanding fixed prices by a central authority is an utter failure. This was effectively proven by the experiences of the centrally planned economies of the old communist Eastern Bloc countries during the second half of the 20th century.
Without market determined prices for goods and services via free exchange it is impossible to establish prices that reflect actual conditions. Without prices that are grounded in reality the production and consumption relationship becomes distorted. In the absence of the natural corrective mechanism of market determined prices, oversupply or scarcity conditions extend out to absurdity.
The planners are never able to get things quite right. In time, these absurdities become ubiquitous. For example, in a socialist economy you’ll find supermarkets with long lines of people and empty shelves. Another definitive gift of socialist economies is toilets without toilet seats. How is this even possible?
Regrettably, price controls don’t stop with just goods, commodities, and services. The United States – like Europe and Japan – has been doing its darnedest during the early years of the 21st century to illustrate how the experiences of the old Eastern Bloc also apply to credit.
Remember, credit, like a commodity or good, has a price attached to it. The price of credit is the rate of interest a lender charges to a borrower. Like fixing the price of a commodity or good by a central planning authority, fixing the price of credit by a central bank – such as the Federal Reserve, European Central Bank, or Bank of Japan – is also an utter failure.
Someone with even a dim perception of the world around them can peer out and discern many strange and grotesque occurrences: Housing prices that far outpace incomes. Total household debt at $14.56 trillion. Crypto millionaires. And an entire generation of Millennials that went $1.57 trillion in student loan debt for college degrees that have been debased in stature to what a high school diploma represented for prior generations.
These represent gross misallocations of capital. What’s more, they would’ve never come into existence or ballooned out to this magnitude without the Fed’s credit market price controls and counterfeiting operations.
Indeed, the results of government intervention are always the same. Stagnation, inflation, declining living standards, and widespread social disorder. No doubt, they’ll be repeated to insanity.
True capitalism requires an honest currency and market determined pricing. Remember this in the weeks to come. As prices rise, politicians and central planners – people like Alexandria Ocasio-Cortez and Janet Yellen – will look to pin inflation on evil capitalists and price gouging business owners.
Don’t believe their lies. Just follow the fake money back to its origin…
There you’ll find the Fed, hard at work, applying the pavement to Karl Marx’s road to hell.
News of the Times;