Action speaks louder than words, so they tell me. But so does inaction, and that is precisely what we need from the Fed next week. Posted by James Randolph on September 15, 2011
A call for real grass-roots action.
September 15, 2011 – Action speaks louder than words, so they tell me. But so does inaction, and that is precisely what we need from the Fed next week. But gathering from all the words overflowing the blogosphere this week, Wall Street’s bearded guru is going to be hard pressed to give at least the appearance of doing something, and most of the suggestions are downright laughable.
Bernanke could, for example, announce a new 50-year IOU. You read that right – kick the old debt can a half century down the road. At least everyone involved will be dead by then – either from natural causes or at the hands of those called on to shoulder decades more of slowly mounting misery.
No, that’s not meant to be inflammatory, just an honest assessment of the outcome of continued neglect of America’s heart and soul – the middle class. It’s high time to take off the blinders and look for another lane to run in. Forget all this nonsense about jump starting the economy from the top down. It ain’t working and it ain’t gonna work.
What we the American people need is a good slap across the face to stop the hysterics and bring us back to our senses. Take a quick trip to Somalia to let those people how bad things are back here. Try drumming up some sympathy for how much you have to pay to fill the tank on your land barge just to tow your four-wheelers out to the mountains for a day of desecrating the wilderness. Tell them how hard times have forced you to eat hot dogs instead of steak one night a week. Explain to them how badly all of the wide-bodies back home are suffering at the hands of evil forces.
And before you leave, take a good look around. You just might get a glimpse into the future of our own middle class. That’s the road the good shepherd Bernanke is taking us down, but we don’t have to follow passively behind, bleating our discontentment with every step.
America was born a nation of irrepressible rebels with boundless vision and the intestinal fortitude to match. And that is still in our DNA. Work needs doing and we can’t afford to wait for Uncle Sam to get it done. Things can get only nastier the longer we delay.
It is up to us to first ensure our families’ continued well being with gold investment and then get down to the work of rebuilding America from the ground up.
Senior Staff Writer – Certified Gold Exchange