"Green Jobs Don't Exist in a Free Market" was the headline for Tom DeWeese,
writing at NewsWithViews.com, which is exactly right; the only jobs that exist
in a free market are those supplying real demand for, as an example,
hamburgers, pizza, fried chicken and tacos, which has resulted in fast-food
restaurants supplying them to be located on, seemingly, every other block in
the Whole Freaking Country (WFC).
The reason he brings this up is that he says, "Obama and his environmentalist
hordes convinced Congress that the money would be used to create an army of
home weatherizers, wind-turbine factory jobs and other employment opportunities
that would help put to work the nearly 8 million people who have lost
their jobs during the recession."
That sounds just like Barack Obama, as that particular doofus said, apparently
before reading Mr DeWeese's article and getting a little smarts, "We know the
jobs of the 21st century will be created in developing alternative energy,"
which is so laughably preposterous that I am sure it made Mr DeWeese laugh with
a cruelly mocking tone as did the Cruelly Mocking Mogambo (CMM)! Hahaha!
Actually, I figure that the most jobs will be created in making 3-D
pornography, importing high-definition video equipment on which to view it,
smuggling stuff, and rampant prostitution as Americans find out the true market
value of their terrible educations and ridiculous sense of entitlement versus
the value of software and industrial robots, particularly if software starts
making a robot that can shoot flames out of its mouth and bullets out of its
fingers.
As to where Mr DeWeese got this timeless fact that "green jobs" don't exist in
the private economy, it apparently comes from "Economic lesson number one:
Government regulations do not create jobs. Private industry serving the wants
and needs of the consumers create jobs. Period."
I figure that the word "period" followed by a real period was somewhat
premature, as I would have added, "In fact, government and government
regulations are a net economic drain and a real loser, you morons, and the more
government and the more government regulations you have, the sicker and sicker
the economy becomes until you wind up like we are today, where government
spending is half the economy, the total tax take is almost 60% of Every
Freaking Thing (EFT), national debt is 95% of GDP and going up 10% a year, and
everybody is broke, and if you are not buying gold, silver and oil, then
something is wrong, seriously wrong, with you!"
And I am sure that it will get worse and worse as the ridiculous Obama and his
congressional lapdogs will spend gigantic amounts of money forcing people into
"green jobs", with the Federal Reserve creating the money that the government
will borrow and spend, creating ruinous inflation in consumer prices. Maybe
even to the point of hyperinflation! Hyperinflation and beyond!
As to that, Jim Sinclair, in his Mineset newsletter, notes that "Hyperinflation
is always the product of a loss of confidence in currency resulting in a
'Currency Produced Cost-Push Hyperinflation'," which is very classy of him,
since he does not mention that I am screaming that "loss of confidence in a
currency" is the result of the stupid government creating, or allowing to be
created (as in the case of the foul Federal Reserve here in America), excess
amounts of money so that the money goes into prices, and price inflation is
because the money is more and more valueless because so much of it is being
created, and soon nobody in their right mind wants the stuff.
Again without mentioning my Screaming Mogambo Interruption (SMI) about the
odious Federal Reserve and how they should all rot in hell, he goes on, "All
hyperinflation in modern history has occurred for one reason, and one reason
only. That is loss of confidence in currency."
Worse, "When hyperinflation has occurred in modern history, EVERY economy
involved was decimated as, and when, it occurred."
I notice that again he does not mention price inflation, the scary boogieman
that haunts my nightmares and the thing that will destroy us all. I figure that
this is my chance to interrupt with something more than denouncing the horrid
Federal Reserve for creating so much money that inflation is boiling along at
more than 6%, which he probably cleverly deduces from the expectant look on my
face.
Anticipating me, or perhaps trying to make me just sit down and shut up, he
says essentially the same thing! He notes how hyperinflation, "has never been
caused by 'demand-pull', but always and without exception caused by 'Currency
Induced Cost-Push Hyperinflation" which makes me scream even louder because
this is the same thing as saying prices are higher, which is what I have been
screaming about for about 10 minutes now and my throat is getting sore!
Gaaahhh!
The awful news is that Fed will create trillions and trillions more dollars
over the years to slake the ravenous appetite of congress for deficit-spending,
a fact characterized by Mr Sinclair as "the Fed can and will do QE to
infinity."
Setting your Mogambo Secret Decoder Rings (MSDR) you can translate
"quantitative easing to infinity" to mean, "Buy gold, silver and oil!" which
makes it all so easy that I finally stop screaming, and merely shout in glee,
"Whee! This investing stuff is easy!"
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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