Weekly Warning Words

     Inflation doesn't kill an economy even if it is what Chairman Greenspan considers a "heating up" of our cyclic business storms. Often this appearance of inflated economic minds is a deliberate price increase for consumer goods by greedy mercantile brains as those "characters without character" have been doing since 9-11-01. Since they sob their selfish complaints, they don't have to increase wages for their workforce & thereby fatten their wallets & stomachs without admitting that they are unpatriotic exploiters as bad as foreign terrorists.

     Greenspan's Federal Reservists can only think of puny Ľ% increases of their prime interest rate to cool off the imagined flowering of overdone super-creative productivity of our insecure workers. The poor guys thus earn less than meats their eyes but have to pay more in interest on all they bought on optimistic installment plans. Apparently, this favoring the haves keeps at their command a willing mass of meek moderates. As long as they tell the Chief to let millions more hungry folks cross our borders, they have plenty of even cheaper slaves in case unionized laborers dare to strike.

     Real runaway inflation nearly destroyed the interim-democratic German Republic & wartime China. The Slavic & Latin nations also experienced fairly bad inflations. But in our blessed country, inflation never proved as deadly as industrial stagnation, scarcity of cheap raw materials or raw minds, unemployment & a true depression.

     Obviously, it is the underpaid worker who suffers the most even from just a slight devaluation of the once mighty dollar. But impecunious citizens are accustomed to many worse threats to their purchasing "power", their emotions & stressed physical wrap. Still, it should be surprising to humanitarian souls that we hear hardly any sigh, sobs or sullenness about the daily thefts through inflationary gimmicks from those who make all suffer the consequences of man-made inflations.

      The well-heeled consumers may even assume that the higher price tags indicate higher quality of their purchases. That is why these reliable voters for Republicans smile approvingly even while the still activated re-Publican rulers cause more of their approved overpricing. Lots of additional Ľ% interest increases fatten the fat while impoverishing the poor - just what the Republicans stand for with delight. Forget about balanced budgets, high custom tariffs & hatred of communism elsewhere. They have a communality of interests with all they once fought against.

      Yet, the thought that each of their billions may some day become only half its present value disturbs the pious & compassionate Republican quite a bit. Does their faith also lose some of its face value? Why do Professor Greenspan & his trillion - dollar bank bosses suffer from nightmares at the very thought of inflation? Good Gerald Ford fought such "threat" to the rich & richest. Those great sales of his "Fight Inflation" buttons had a negative effect; charging a buck for a nickel's worth of button, added a tiny bit to the inflation. About .001% was the silly increase of the dreaded inflation because he thereby enriched the industry by a few million through this obvious conspicuous spending.

     Like Volcker before him, Greenspan doesn't admit that the increase of interest rates doesn't stop inflation. On the contrary, one 1/4% after the other adds to the inflation of all goods & services which hits the now also lowly-paid middle class as badly as the have-nots & the already completely alienated. Who knows if millions of the latter may not hope for redemption & salvation by self-admitted terrorists?

     Could that be the reason why a few million of the customary no-voters now incline in the direction of the formerly great social-minded & combative consumer advocate Ralph Nader? They don't know yet that the long-embittered "loser" wants his friends, admirers & storm troopers to share his fate the way Hitler wanted his Reich to be destroyed because he lost his struggle (Kampf).

     Nader's inflated ego never believed in the democratic give & take like settling for "half a loaf" as Gore's minister of the interior perhaps; like other Arab terrorists, he settles for killing the hopes & dreams of the American middle & underclass. He did achieve our present 4-years of desperation, downward dumping & devastation of all our values. No wonder then that con-passionate Republicans pay his bills. For if nothing else, Nader can win for the rich parasites 4 more years of slow inflation, fast-growing indebtedness & utter destruction of U.S. humanity & its permanent replacement by cowboyish warlords and anti-government sponsors of death by neighborly gunfire, drunken driving, tobacco diseases & complete annihilation of our civic & national substructure (infrastructure).

     Nader's campaign is financed by confident conmen who have Greenspan to do the worrying for them. Will they order the Fed Reserve bankers to do a Volker, i.e. to make his Ľ% into 1% or 2% for fast effects & real disaster? And how far will that fight against inflation take US by such frequent interference?

     An aging economist may be induced to abandon his puny little Ľ% tricks for the grand style until he achieves what he once feared. Could Alan use Aladin's magic lantern to obtain a common man's smarts? He could then advise the private bankers of our 4th branch of government to forego their huge profits from legalized conflict of interest, be satisfied to charge only ˝% more than their prime rate & give those lowest interest loans to nearly all who want to invest etc. Result?:

     100 million Americans will buy the world with all its useful commodities etc. Within a month, we would all prosper. Everyone would be employed. All eager beavers would stake out their paradise on earth. The decent ones could make US independent of fossil fuel & foreign investors. But Greenspan is still right - the economy would quickly be overheated. But - but - the runaway inflation would allow us to pay off our trillions of public & private debts. We would be condemned to a new beginning, a second American Revolution & all the new most wholesome resolutions. Real values might also be inflated, aggrandized & realized for keeps. What about such happy inflation, Dr. Greenspan?

Week 46 - August 27, 2004 - Beat the Hell out of those hellish, asocial, greedy Enemies of our People
(A political Board Game.)

July 21, 2004 - Week 45 - Inflation

BY DR. BRUNO J. KEITH