Doomsayers say the world will end not the biblical way but the economic way. Doomsday will come through the printing of too much Obama paper money! 

        It is here: “ China may switch to currency basket. What does it mean? An answer to the question by an Austrian” at http://www.freedomsphoenix.com/News/072595-2010-07-23-china-may-switch-to-currency-basket-what-does-it-mean.htm. It starts with “This is the end of the beginning and the beginning of the end.” 

       Is it the end of the world? Another Nostradamus scare spook, but this time couched in economic language! It says the world lives on an artificially created money bubble soon to burst leaving us all dead fish in the desert of an economic mirage. It reminds me of the movie: Where will you be after tomorrow? Nowhere because we will be all dead …!

     It declares with lines of reasoning that the value of anything bought by printed money is only an illusion. Look at this punch from the source of the article: “That mirage is allowed only by having excess money injected into the system. The houses, commercial buildings and shopping malls look real but in fact are part of an elaborate mirage.” 

      What? We live in an elaborate mirage created by excess money injected into the system? For example, Wal-Mart is not real?

     For your own security, take my advice: If you are inside the mall, and you are shopping at Target, you have to pinch yourself to feel that you are real.  Don’t be carried away with that depressing thought that you can buy anything you want and bankrupt your credit card because you think there is no tomorrow and today everything is only an illusion! If something snaps and you live life in a moment of wild abandon, you will be past tense in someone’s vocabulary who delivers your eulogy before you know it.

     The argument rising from this catacomb of fear is that banks and the banking system the world over are the culprits. There is such an elongated blah-blah that tires your eyes reading, explaining why banks and bankers are the Horsemen of the Apocalypse, but the bottom line is, the whole sermon goes back to this intellectual if not emotional tilt – abolish the evil Federal Reserve! Let’s create a new United States of America without a Central Bank! Without the Fed, there will be no Obama paper money.

      That sounds good, but would that be really, really real? If not, I would rather let the Fed stay and call a rat exterminator to get rid of vermin in this country’s Central Bank if that is what makes the Fed so demonically X-rated. Otherwise, if it is not you then it is I who would just be a tinman in the Wizard of Oz.

      It’s time to accept reality. The U.S. Congress and the Fed are one inseparable entity. These two bodies of authority molded into one, comes from the wisdom of our generational forebears that created Congress that in turn created the Fed.  Thus in a manner of speaking, between the Fed and Congress, one is useless without the other! Am I also against it? To tell the truth, how I wish this is not real!

      Without the abominable “printed money” or the century’s invented “credit system” that doomsday writers said are leading us to death – I mean “debt” we do not need to pay because paper money and credit generate multiple resources exponentially that make us very rich -- you are not even here in this space age riding your limousine on paved roads or enjoying the multi-billion-dollar transportation infrastructure the whole Monetary System built across and around the country among others, and soon to leave Planet Earth for Mars in an intra-galactic travel to outer space because mankind’s life today is now a million-fold better, wiser and richer than it was thousands years ago. 

      There is something wrong in this protest against artificially-created real money. Along the years, we have scientifically invented so many “artificials” – not just fiat money that moved lives from the cave to  Aspen, CO where you probably live now with most of the Hollywood celebrities. There is this pointed anecdote on how created modern “artificials” relates to and had become part of real life.

        I have once a wealthy dear friend in graduate school of economics that was a coffee-addict. He was extraordinarily brilliant and had written books on fiscal and monetary policies! He needed caffeine to calm down his restless nerves and burning IQ.  He was the opposite of almost everything about life and against every economic theory we could think of. While before bedtime taking black coffee hardly put anyone to sleep, he was the opposite – he takes coffee before he can go to sleep. He was diabetic. He argued with me that the greatest invention on earth was not the Federal Reserve … it was artificial sugar good for his diabetes because it makes his strong black coffee palatable!  Reading this doomsday article would probably make him jump out of his grave.

      Now no one should get personal and kick my ass because I say it here as my personal opinion. You must respect my view as I do respect yours even more.

      I say to those who are free to comment on what I am writing now: If you disagree and you want to air your goat out, just state it without unnecessarily resorting to name-calling [which I have the misfortune of experiencing at the receiving end when I wrote down certain erudite pieces in economics that were unfortunately hardly fit for pseudo-economists who like to pretend that they are more sophisticated]. I have already advanced so far out from that level of mudslinging, which we know street-swingers enjoy as a pastime or bouncers are being paid for beating up eggheads who are creating trouble in the wrong place at the wrong time.

      Who knows? With civility and educated discussion of this subject, we might still agree to find a way to get rid of artificially “natural-born-citizen” Obama and the Fed and still live in the United States we want without them, especially if the next president is a Libertarian you know who, where in the next round, there would be a new leader we might again agree to disagree on anything about what he says or stands for or on anything at all under the sun.

     In short, let’s keep this particular debate clean and free – free from this insanity of resorting to personalities that serves no noble purpose of freedom at all, not even the freedom to free ourselves from our individual prejudice and emotional enslavement.

     For, indeed, it is interesting to note that nascent Doomsayers had now advanced from their biblical footage to economic soundtrack in predicting the end of the world.  At least we need firm but polite knowledgeable debaters for this new intriguing phenomenon, not juvenile delinquents who are wasting space and our time, especially those addicted to personalities, spewing their tantrums in useless paroxysm.