The phrase "end of the world as we know it" is not particularly significant to
me because it is, literally, always true, because any progress at all,
anywhere, means that tomorrow will never be like today, and so "the end of the
world as we know it" can be extended to mean "and it will be better and
better!"
So, it is not very significant, especially when I get argumentative by being
literal and obtuse about it, like now, which is my mood lately.
But when you use the phrase "end of the world as we know it" in the
metaphorical sense, meaning "some terrifying catastrophe, to the maximum, in
spades", then it means something much uglier and catastrophic, which you
already knew since I use the word "catastrophic" earlier in the sentence,
teeming, as it does, with
evil portents of ravenous beasts eating you and your family alive, your
agonizing screams mixing with squawking vultures pecking hungrily at your
liver, and the dead rising from their graves to pursue us endlessly so that
they can eat our brains.
Anyway, that's the way I have it figured, having distilled an entire lifetime
of watching TV down into these kinds of little philosophical nuggets.
And since I am by nature dyspeptic and paranoid about the inevitable, horrible
result of a growing government, a growing class of people dependent on
government, and a Federal Reserve constantly creating more and more money and
credit to accommodate them both, I think that I understand the use of the "end
of the world as we know it" in its most disturbing sense, because ruinous
inflation in prices - the Grim Reaper of economics! - is thus inevitable.
What to do? Well, the sad truth, that you learn as part of attaining True
Mogambo Enlightenment (TME), is that nothing can be done, as proved by the One
Freaking Fact (OFF) that if debts could be made to just disappear - poof! - by
printing money, then everyone, and every country, would do it! And would always
have done it!
But nobody, and no country, has ever succeeded in printing money to pay their
debts without causing hyperinflation in consumer prices, as the people rose up
in revolt, the whole country disintegrated, it was a big mess and everything
was ruined.
This - this! - means that you should look deep, deep into my eyes so that you
can see the Utter Mogambo Sincerity (UMS) in my eyes when I say that this means
to everybody with one functioning brain cell that it Can't Be Done (CBD) simply
by virtue of the fact that nobody in history has ever done it, although many,
many, many people have tried everything they could think of to do it, including
putting merchants to death for daring to raise their prices high enough to
cover their inflating costs!
This is one of the tried-and-true ways that governments ("desperate morons in
charge!") seem to think will actually work, despite the obvious stupidity of
it, and that is why I was shocked when I saw that President Barack Obama is
endorsing legislation to prevent health insurance companies from raising
prices! Unbelievable! Gaaaaahhhhh!
As indicated by the sound effect in the "Gaaaaaahhhhh!", one can only manage a
scream of Loud Mogambo Outrage (LMO) at the sheer, staggering, socialist
stupidity of declaring prices, a sound not unlike the Freaking Sound Of Doom
(FSOD) already ringing in your ears or you wouldn't be reading this, which is a
clarion call, if ever there was one, to hie thyself, to make ready, the Mogambo
Bunker Of I-Told-You-So (MBOITYS), because, brother, one of these days very
soon you are going to be glad you did.
And if you bought gold, silver and oil with a gasping, grasping, gluttony of
greed, then, likewise, one of these days very soon you are going to be glad you
did!
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 2010, The
Daily Reckoning.)
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