Erick Tippett

2009: Year of the Ox (And What That Means for the Markets)

In checking over my comments I found two typos I want to clear up
1) Alexander Hamilton, who ..... and 2) the same obscene story will
be repeated...

EDT
Chicago, Illinois

2009: Year of the Ox (And What That Means for the Markets)

Mr. Maher,

I think the free market system gets left holding the bag and is the fall
guy in this entire economic obscenity! To begin with you appear to be
of the opinion, if I understand you correctly, that the 'free market' is a
part of the problem. Did it ever occur to you that since the inception
of the central banking system here in the United States in 1913, there
has been no true free market to correct anything because of the inter-
ference in its natural cycles by the Federal Reserve Board and it chair-
men dabbling and dibbling with interest rate levels? One of the great-
est tragedies of economic history was the selling of his soul (ideals) by
Allan Greenspan, an astute protagonist of the Austrian Economic School
of thought and student of Ayn Rand the comtemporary of Ludwig Von
Mises, to the dark side of the Keynesian inflationists in order to be in with
the 'power folks' the ones running everything for better and more often
than not, for worse! I've seen this at work all my adult life in all fields!
I saw it when Pearl Bailey and others testified with their own mouths how
they put up with specious manipulations or else in her own words, "they
wouldn't have let me have a career" and then sunk her down into her
chest for what seemed like an hour though it was only a few seconds.
Yes, this is the underlying cancer in american society that so much of
our american public accepts; those unwritten laws enforced behind the
scences and closed curtains, hidden from the light of truth and integrity!
"That's life", "you gotta give the people what they want". Look at what
that philosphy of life has wrought in this country and the world. Central
banking is a european concept, but it was worshiped by American Aristocrats such as Alexander Hamilton, what wanted the United States
to be an imitation Great Britain with an elected Monarch immune from
any form of censure, un-impeachable, and 'elected' to a life term. Mr.
Hamilton the slave-owner believed that debt was good and stiumulative
for an economy and was the main force in establishing the first national
bank of the United States, the cause of economic woes from its inception
until Andrew Jackson dissolved it in defiance of the Supreme Court, un-
fortunately.

I agree with some of your commentary and the comments of others as
well on this article. However, let me say this, the Russian propaganda
concerning the demise of the United States is not laughable and there-
in lies the danger, many think it is! I see a disturbing use of the term
republic thrown around quite a bit in this society. Unfortunately, we have
inherited in this country an educational system said by some to have
sunk to a rank of 25th amongst those of the world. Perhaps this is the reason many do not understand that a difference exists between the terms democracy and republic. According to some historians, the found-
ers of this country's framing documents abhored democracy as 'mob rule'. The word democracy does not exist in any of those documents! In fact, Mr. Washington's general staff offered to storm congress and make him emperor of America! (This may well have been after the Whiskey Rebellion). Was this ever presented to you in any of your history classes? Certainly not in mine! You see, according to Webster both democracy and republic provide for direct or indirect representation of the people with one point of difference; a republic provides for an elected chief of state instead of a monarch! (Mr. Hamilton loved that!) Franklin Roosevelt was able to seize gold during the second world war and fine or imprison anyone violating his 'executive order'. Yet even he went to congress for a declaration of war only after Japan attacked this country at Pearl Harbor. Mr. Bush apparently, felt no legal obligation to do any such thing in initiating his invasion of Iraq on the shaky grounds upon which he did so!

"Our repbulic does work"? "The corrupt will be voted out"? As long as a
brainwashed american public continues to flop from the left to the right
wing of the "republicrat" party system and refuses to listen to the educa-
tional and enlightening offerings of our third party candidates, the same
obscene story with be repeated until total collapse and chaos do result!
The Russians are not too crazy about the United States and never have
been! Unfortunately, the present administration with its 'pax americana'
by force in Iraq and on Russia's fragile borders hasn't helped the rela-
tionship much, now has it? More military personnel and equipment in
foreign countries around the world than the Roman empire at its height!
Whose paying for all of this insane egoism, the american tax payer?
Sooner or later somebody will really get angry and somebody is going to get hurt, like big time! Maybe it is time for a real revolution as the final act of the scenario initiated by the american aristocrats when they rebelled against and replaced the British Aristocracy-Monarchy so they could in turn rule over the american populace by manipulation and a fiat currency system doomed to collapse sooner or later!

Perhaps Adolph Hitler was right when he said "it is a wonderful thing for governments that people don't think!" Perhaps George Santyana was
also right when he said "the people that do not learn from their history
are doomed to repeat it!"

Your suggestion to think about these things is quite appropriate, I do that
all the time, all the time!

EDT
Chicago, Illinois