Thread by @hendry_hugh

Hey @GeorgeGammon loved our show at the beloved Rebel Basecamp the other week. Check this quote out. Its from a popular book release in 1957 but it resonates so much with today. I thought it might tickle you...it's the pronouncement of a fictional government doctor

"The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws.

But just pass the kind of laws that can neither be observed nor enforced nor objectively interpreted—and you create a nation of lawbreakers—and then you cash in on guilt. Now that’s the system..."

I'm sure you can guess the source material...when fiction becomes a reality. Or what about this passage, "Well, I don’t know. All of you are crying about rising costs, it seems to be the stock complaint nowadays, it’s the usual whine of people whose profits are squeezed a little.

I don’t know we’ll have to see, we’ll have to decide whether we’ll permit you to make any profits or not.”

Unless we get a handle on the dollar chasers, the moochers, a.k.a today's mercantilist nations that rob their citizens of the incomes that their productivity legitimately demands, that sentence our working class to penury and, by consequence, send profits and mkts to the moon...

Then one day after we've stopped worrying about the cost squeeze, those in Washington might need to resort to profit controls. Nixon's wage controls were a function of the USA being the creditor nation, PROFIT controls are what logically follow when others take on this mantle.

This bull market without end is sponsored by China, Japan, Singapore, Germany, Korea et al. Mercantilism spreads global misery and stock market euphoria. Something's gotta change. I'd prefer a grand G-20 type Plaza Accord to bang heads but the US no longer has an effective weapon

It's nigh on impossible for the US to threaten a dollar devaluation when bank reserves are infinitely elastic... so I'm off to bed. And this is what I look like after I've tweeted...mean...the system is busted and my guilt ledger over flows...