Monday, May 19, 2008

The Earthling economics experiment - Mogambo Guru

Finally, I knew that my delaying the inevitable was starting to look bad, so I opened it. What he wanted was the worst of all; a report on the economic situation on Earth, since Earthlings are of particular interest to economists throughout the universe, being that Earthlings are considered by advanced civilizations to be one of the rather lower-middle forms of life in the universe, in that many Earthlings, culminating in Ludwig von Mises and the Austrian school of economics, proved that the species has the intellect to conceive of the idea that excessive inflation in the money supply leads to inflation in consumer prices, which leads to social upheaval.

And the people of this planet have discovered universal reading and writing, and so they know from their own history books what happens to any idiot country that uses, and then abuses, a fiat money and bank debt until the sum total of debt becomes literally un-payable.

What makes Earthlings so interesting is ... Why don't they do what they know they should, especially since the freaking constitution of the United States of America requires that money be only of only silver and gold, so that a fiat currency would be impossible?

Of course, the next thing is ... How can we make a bet on it? And that is, I suspect, the essence of this latest message from Zolgarg, as rumor has it that he already has more Quatloons wagered than he can afford on when the economy collapses, and another big wad of Quatloons on the exact day the US government declares war on Iran so as to start World War III as a distraction to an angry, bankrupted citizenry and country, and we all figure that one day Zolgarg is going to find his bookie coming over there with a couple of goons and they will break off one of his tentacles.

I mean, it's no secret that that we know what will happen when you let a government allow the money supply be constantly expanded; disaster!

And everybody, even unto the farthest reaches of interstellar space, knows what happens when a government uses that money to expand itself, like now, when the federal, state and local governments now employ one out of seven workers and collectively spends one-half of GDP; disaster again!

But Zolgarg obviously overestimated the collective smarts of Earthlings in protesting with riots and recall elections, and underestimated the sheer degree of frantic desperation of the Federal Reserve and governments.

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