As one more bit of proof that the education system of the United States is a
dysfunctional piece of liberal crap, how else to explain the fact the
far-leftist moron Michael Moore actually got funding, which assumes an
interested audience, for his latest movie, titled Capitalism: A Love Story,
which, according to Reuters, "launches an all out attack on the capitalist
system, arguing that it benefits the rich and condemns millions to poverty."
Hahaha!
Well, to be fair, it is not capitalism that condemns millions to poverty, but
instead the poor are doomed by the destruction of the purchasing power of the
little bit of money that they get and things cost too much for the poor to
afford them, and which is deliberately caused by a government so stupid
(audience shouts out "How stupid, Wonderful And Wise Mogambo (WAWM)?") that it
deficit-spends money on the poor to alleviate their poverty by
allowing the Federal Reserve to produce large, persistent expansions in the
money supply with which to buy up the government debt, an expansion of the
money supply which erodes the purchasing power of the money, so that the little
bit of money owned by the poor doesn't buy as much!
If the United States education system were not so egregiously bad, he would
know that fact, and everybody would know that fact, and so when he went to some
producers and said he wanted them to finance a new documentary about how
capitalism is evil and (I assume) communism is good, they would have laughed in
his face and said, "Hahahaha! Where did you get such a stupid idea? Are you
some kind of moron?"
Or, alternatively, he could have saved a lot of time and just come to me and
asked me and I could have told him, "Hahahaha! Where did you get such a stupid
idea? Are you some kind of moron?"
Unfortunately, he did not learn anything from all of that, and actually has the
movie concluding that, unbelievably, "Capitalism is an evil, and you cannot
regulate evil. You have to eliminate it and replace it with something that is
good for all people, and that something is democracy." Hahahahahaha!
The use of the extra-long "Hahahahahaha!" is my clever way of indicating that
this is where a Junior Mogambo Ranger (JMR) who has achieved even a glimmer of
True Mogambo Enlightenment (TME) starts laughing in Sublime Mogambo Scorn
(SMS)! Hahahahahaha! Just like that! SMS! Hahahahaha!
I thought I was calmed down and was reaching for a bottle of something
alcoholic so as to deaden the pain of my stomach hurting from so much laughing
when I started laughing all over again when my eyes again fell across the idea
that democracy replaces capitalism! Hahahahahaha! I never heard anything so
stupid! Hahahahaha!
The first thing that comes to mind, of course, is "Did democracy finance his
stupid documentary, or some capitalist?" Hahahaha!
Beyond that, the mind reels! While we are at it, why not replace the production
of expensive gasoline not with democracy, but with a super-majority voting
system? And we could heat our houses with gang rule! And we can replace
expensive food with some dictatorship! Wow! There's no end of what you can do
if you are willing to be ridiculous! Hahaha!
The dismal fact, in case you were wondering, is that capitalism in free
enterprise is the only hope that the poor have, if not by sheer dint of
theoretical argument that creating jobs is vastly superior to government
handouts, then by the complete lack of any successful enrichment of the poor by
any other method, mostly because they involve the government creating more and
more money which destroys the purchasing power of the little bit of money that
the poor had.
But since we Americans have decided, with a stupidity that absolutely staggers
the imagination, to prove, once again, that exact same, sad, sorry lesson
repeated and repeated over 4,500 years of history, then investing becomes easy
when another lesson from that same 4,500 years of history is to own gold!
In fact, it becomes so easy that you can't help but giggle, "Whee!"
Richard Daughty is general partner and COO for Smith Consultant Group,
serving the financial and medical communities, and the editor of The Mogambo
Guru economic newsletter - an avocational exercise to heap disrespect on those
who desperately deserve it.
Republished with permission from
The Daily Reckoning. Copyright 2009, The Daily Reckoning.
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Office: Unit B, 16/F, Li Dong Building, No. 9 Li Yuen Street East,
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