The latest over the top insanity emanating from the Idiocracy is the idea of minting a single coin with a $1 trillion dollar denomination. This would ostensibly allow the U.S. government to bypass the debt ceiling restriction by literally printing physical money. Critics say that it would lead to inflation. Sure, if they print 5 of them. If they print one and use it in place of issuing a trillion dollars in bonds which are then bought by the Federal Reserve, there is really no difference to the money supply under those two scenarios. What this really shows however, is the depth of depravity of U.S. "thought dealers" at this juncture who have clearly convinced themselves that the status quo is infinitely sustainable. What better example of mass complacency do we need than to contemplate the notion of printing a $1 trillion dollar coin as a solution for the nation's "debt" problem. Instead of focusing on the real economy and creating businesses and jobs that generate underlying value, U.S. policy-makers are solely fixated on fiscal brinksmanship, political games, money printing schemes and now coin printing scams. As I have said before, the U.S. is now led by Ivy League sociopaths who have convinced themselves that reality no longer exists for them. No contrivance is too bizarre for these financial alchemists who already put the world at financial risk once and are now doing it all over again. What is to stop the next set of buffoons from printing 3,4,5, of these "magic" coins? Nothing. This scenario would unambiguously cross the rubicon of actually printing money. Quantitative Easing is really just a cleverly disguised money printing scheme, but this would be the wide open version. And once the Idiocracy gets accustomed to a really dumb and fucked up idea - military blunders, mass junk food, mass junk culture, assault weapons for sociopaths - then it doubles down. After all, if some is good, then as much as possible is a fuck of a lot better...Clearly this Ponzi Scheme economy is heading for Full Retard x 11. America's 30+ year vacation from reality just went on on too long and has rendered the population down to an infantile state where every difficult decision is assiduously avoided and every task at hand is turned into some sort of game.
Clearly, no dire blogger can compete with a magic coin show much less American Idol, the fiscal cliff circle jerk, the NFL playoffs or whatever other spectacle the Idiocracy can use to hide from reality. Which suggests strongly that anyone who is optimistic as to how this all turns out, is not only guzzling the Jim Jones Kool-Aid from a fire hose, but also skipping merrily down the path of extinction.
And the obvious question - is it time to buy gold, yet? My usual answer - wait for the inevitable market crash which the Idiocracy is going out of its way to ensure. When everyone is struggling to buy bread and ammo, we'll buy our gold much cheaper, from all of those who think it's today's latest get rich quick scheme. Of course we will need to load up on gold before everyone gets a trillion dollar welfare coin in the mail, and while Mitt Romney is telling 97% of us what a bunch of lazy fucking bums we are...
Lastly, a trillion dollars is 3 times Greece's GDP. So let's ask them what they think about America's reality avoiding magic coin, as the IMF pole axes their economy into oblivion...
