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AMERICAN PITCHFORK'S DUPAYOSHES OF THE WEEK

American Pitchfork Manifesto: Tipping Point on the Road to Amarabia?

A Fictional Retrospective From the Great Beyond

By Pitchfork © 2009-2012

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Freely quote with attribution

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Dupayosh of the Week of June 20, 2011   Allen Bernard West

Dear Al,

Cash-strapped?  Is that it, Al?  Not enough cash?  For Libya?  The Bernanke’s biz betrays you, Al.  So does the rule of law, Al.

First, the money.  Second, the Libya.

Lemme help you out, Al.  To start with, cash-strapped means not enough money, and The Bernanke can make money 24/7/365.25.  It’s just paper, Al.  Just paper.  But it’s still money to most – worth less mostly but not worthless, yet.

Seeing too much debt to payback as a problem of not enough money is akin to seeing a ship sink as a problem of too much water.  It’s about debt.  It’s not about money.  It’s not about cash.  It’s not money’s fault.  It's not the fault of too little cash.  It’s the fault of ourselves - by thought and action - by permission or passivity or what-not – pick, say, too much gubmint, too much welfare; too much regulatory structure; too much corruption; too many folks unfit to produce in these increasingly technological times; too much administrative law; too much taxing of too few taxpayers; too much lawlessness; too much speculation; too little skepticism; too much market intervention; too many jackboots; too low interest rates; too little transparency; too many naked credit default swaps; too much trust; too little critical thinking; too many illegal aliens; a central bank; too much fantasy and fraudulent accounting, e.g., mark to book, core inflation, GDP with rolls and doles; too few biz men to put up with government micromanagement; one too many Muslims in the White House; one too many pretenders in the White House; too few folks who get it that the real Green Monster aims to be done with all of us infidels; and so forth and so on.  

Second, whassup with this Libya thingy?  So, if you had the cash, then for you it's 'what the hell, let’s have at it another Islamic loony goon'?  Right?  Is that what you're saying, Al?  How about the rule of lawlessness?  How about the rules of sorta-sometimes-engagement?  How about breaking the American Empire with warfare that doesn’t gitrdun?  As opposed to welfare that doesn’t gitrdun, either?

Back to the paper money thingy.  It’s not enough money that’s whassup – a/k/a it’s not a ‘liquidity problem’.  It’s NO value.  It’s Nofreakingvalue to money more than the paper and coatings and costs of production, storage, and distribution.  For you, it’s counting on the ‘good faith and credit’ psychosis – gotta believe? . . . Al, you don’t ‘gotta’ believe (however much you want to believe and need to believe) and, sooner than later, you won’t believe and neither will the rest. 

Value is a psychological phenomenon.  Price is a psychological phenomenon.  Nofreakingvalue.  Nofreakinprice.  It's only paper piled as high as the sky.  That’s it.  It’s not illiquidity, Al; it’s insolvency.  It’s not enough gozintta to cover the gozoutta.  In fact, it’s NO gozintta.  It’s not about not enough money; it’s about too many ways to spend it.  Uses of funds exceed sources of funds.  And Al, the fix isn’t more taxes.  More taxing is more of the problem, unless more taxes mean more folks with skin in the game.   

So many third rails, eh, Al.  So many.  Way funner to work off an enemy that shoots at ya, eh?  But when the enemy sits right next to ya day-in and day-out, remembers your birthday, and you call each other ‘honorable’ and ‘the gentlelady or the gentleman from’ . . . yeesh.

Thanks for serving our country,

'Fork

“The decision to vote on cutting off funds came after several House Republicans told a closed-door party meeting on Wednesday they wanted to vote on something stronger than a non-binding reprimand of Obama.

" ‘We're kind of cash-strapped in our country right now and the last thing we need to do is be engaged in another combat theater of operations,’ Republican Representative Allen West told reporters.”

“House to vote on bill cutting funds for Libya” by Susan Cornwell, Reuters.com, June 23, 2011