Memos to the people responsible for today’s economic
Craig J. Cantoni
is dawning on the American public that the system is rigged against them. Their anger, disillusionment, and frustration
are palpable. Unfortunately, they are
raging against everyone but the people most responsible for today’s economic
to the masses: You were given a
constitutional republic, but you traded it for a majority-rule kleptocracy. Stated differently, you traded a government
that limited itself to protecting life, liberty, and property for a government
without limits that lets you vote for free stuff at your neighbor’s
you expect the trade to result in something other than an insolvent government?
Second memo: Your
frugal forebears tried to warn you about living beyond your means. Instead of taking their advice, you went on a
credit binge, buying stuff you couldn’t afford, including homes, cars,
big-screen TVs, electronic gizmos, bottled designer water, and four-dollar
you expect that living beyond your means would result in something other than
Third memo: In
your defense, the government flooded the banking system with cheap money and
easy credit, and led you to believe that it wasn’t necessary to save money,
because Uncle Sam would provide for you in old age. The government also led you to believe that
homes are a risk-free investment and made it easy for you to buy one.
you know that you are the government? You elect the scoundrels, liars, and propagandists who run it. In that sense, the government is the mirror
image of you. It’s not very flattering
to look like Harry Reid, Nancy Pelosi, Barney Frank, and George W. Bush.
Fourth memo: Yeah, yeah, I know: You were too
busy working, raising kids, watching “American Idol,” and standing in line at
Starbucks to keep an eye on the government. Not only that, but you probably attended a government school, which is
the last place to tell you the truth about the government.
you think that self-rule would be easy? If you want easy, then fascism, communism, and Obama-ism are for
the way, it wouldn’t have been very difficult for you to find out the truth
about the housing and stock markets. In
ten minutes on the Internet, even a chimpanzee could have punched enough
computer keys to find out what has happened to home prices and stock prices over
the last century. Home prices went down
as many years as they went up, and stock prices plummeted many times, sometimes
staying in bear territory for decades. It seems to me that before you took out a big mortgage and invested you
life savings in the stock market, it would have been worth ten minutes of your
precious time to have first done some research. But nooooo, not you. That would
have been ten minutes away from “American Idol.”
sure, some of you depended on the mainstream media for your financial news and
information, but that’s like getting advice about heart disease from a
chiropractor. You wouldn’t trust a
chiropractor to have expertise in heart disease, but you trusted journalists to
have expertise in finance and economics.
Fifth memo: Because you’re upset at those greedy fat-cat Wall Street tycoons in their
corporate jets, you’re having doubts about the benefits of a market economy and
are delighted that President Populist is going to limit the pay of the
tycoons. What President Populist isn’t
telling you, though, is that the banking industry is different from other
industries, such as the turnip industry. The government doesn’t have a monopoly on turnip production, as it does
on money production. And the unelected
and unaccountable Federal Reserve, along with its member banks and their cronies
in the financial industry, doesn’t have a turnip cartel, as it does with money
you aware that President Populist has surrounded himself with members of the
monopoly and cartel instead of free marketers from the turnip industry or some
other honest industry? Does that seem
like the change you voted for?
close. I want to whisper something to
you in closing. At the urging
of politicians whom you’ve elected, the monopoly and cartel are planning to hide
their crimes by printing enough money to debase the dollar, trigger inflation,
put a hidden tax on you and your offspring, and permanently destroy American
Have you lost you mind to
have let this happen?
Sorry for yelling.
author and columnist, Mr. Cantoni can be reached at email@example.com.