Wile E Coyote Government meets Financial Crisis

[FRED]

New iTulip video. Why does the American government consistently fail to foresee the future results of its own actions? Because it is incompetent. It is managing the economy and financial crisis Wile E Coyote style.

[Andreuccio]

Re: Wile E Coyote Government meets Financial Crisis

New iTulip video. Why does the American government consistently fail to foresee the future results of its own actions? Because it is incompetent. It is managing the economy and financial crisis Wile E Coyote style.

I've got a question for you, Fred. You state here that the government is incompetent. Yet in the thread "US exchange rate and capital controls or bust?", (http://www.itulip.com/forums/showthread.php?t=5383), EJ says the implementation of capital controls will be "highly efficient":

Expect the implementation of capital controls by US authorities to be highly efficient. There will be no warning. They only work if they are executed without prior notice.

That quote struck me as odd given the administrations track record of planning and implementation. If they are, in fact, incompetent, why would this be any different?

[FRED]

Re: Wile E Coyote Government meets Financial Crisis

I've got a question for you, Fred. You state here that the government is incompetent. Yet in the thread "US exchange rate and capital controls or bust?", (http://www.itulip.com/forums/showthread.php?t=5383), EJ says the implementation of capital controls will be "highly efficient":

That quote struck me as odd given the administrations track record of planning and implementation. If they are, in fact, incompetent, why would this be any different?

We didn't say the capital controls were going to be effective only that they are likely to already be planned out and, if they are executed, will likely be competently executed.

Consider the pattern of the Wile E Coyote government. It will fail to take the proper measure to prevent the economy from experiencing a Sudden Stop THEN it will execute capital controls. Think: Wile E falls off the cliff, hits the ground then the parachute opens. Like this.

[MEDIA]http://www.itulip.com/movies/suddenstop.wmv[/MEDIA]

Another way to look at it is that they need a forcing function, a crisis, such as the one that they allowed to develop that has led to the emergency legislation we are seeing this week.

[jtabeb]

Re: Wile E Coyote Government meets Financial Crisis

Another way to look at it is that they need a forcing function, a crisis, such as the one that they allowed to develop that has led to the emergency legislation we are seeing this week.

Another way!?!? How about the ONLY way to look at it.

[Mega]

Re: Wile E Coyote Government meets Financial Crisis

Good example, using the Toon Fred............Er didn't someone post this idea a month or so ago..............Chap from Liverpool may be?
Mike

[Spartacus]

Re: Wile E Coyote Government meets Financial Crisis

In this case, IMHO, 99.9% of capital flows are through well-known computerized channels.

Unlike, for example, the drug trade or the trade in slaves & illegal aliens.

the vast majority of money is not currently hidden or is easily traceable - the legal, un-hidden money - the black markets are hidden, but how big are all the black markets compared to the forex & futures & CDS, etc ...

The legal frameworks of civil forfeiture are in place - all the groundwork has been laid down over the last 30 years, mostly to support the "drug war" and later the patriot act.

Controlling this will be a piece of cake. IMHO it wll be at least a couple of years until the vested interests find a way to game the system (depending on how much legal and lobbying power they have to throw around).

I've got a question for you, Fred. You state here that the government is incompetent. Yet in the thread "US exchange rate and capital controls or bust?", (http://www.itulip.com/forums/showthread.php?t=5383), EJ says the implementation of capital controls will be "highly efficient":



That quote struck me as odd given the administrations track record of planning and implementation. If they are, in fact, incompetent, why would this be any different?

[politicalfootballfan]

Re: Wile E Coyote Government meets Financial Crisis

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[FRED]

Re: Wile E Coyote Government meets Financial Crisis

Why is it that iTulip concludes that the US Gov't "fails to foresee the future" and is "incompetent?" Are you unwilling to explore the possibility that the results of these action are foreseen and executed competently? If you are dismissing this possibility, what is your logic for this dismissal?

Because we have been doing this for ten years. We know better. The problems are systemic corruption and arrogance. There is no more to it than that, but that is a lot. It puts us on a bad road that is hard to get off of.

[politicalfootballfan]

Re: Wile E Coyote Government meets Financial Crisis

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[metalman]

Re: Wile E Coyote Government meets Financial Crisis

I suggest reading "They Thought They Were Free" for those who
are interested in understanding the dynamic on display here.

that's not what is happening here. there is no identification of an internal enemy on religious or ethnic grounds. if there is a scapegoat coming out of this mess it will be the rich, the 'banksters', the speculators, those with money who must have stolen it for so many to be poor.

stalin, hitler, mussolini, fdr... all elected on promises to 'clean up corruption' and throw out the bankers and speculators that caused the depression.

if you look closely you can see the flip side has been going on for decades... the poor fight the wars, go to prison for drug offenses that the rich don't even get arrested for... i could go on. everyone knows it.

yes, a fine pool of hatred and resentment to be mined by the right guy a few years into this depression. or gal. figure palin as a future dictator... she's the type... smart, insecure, ignorant, ambitious, ruthless...

[GRG55]

Re: Wile E Coyote Government meets Financial Crisis

...yes, a fine pool of hatred and resentment to be mined by the right guy a few years into this depression. or gal. figure palin as a future dictator... she's the type... smart, insecure, ignorant, ambitious, ruthless...

Is that what happens when you can see Putin from your house, and use him as a role model?

Just askin'...:rolleyes:

[BiscayneSunrise]

Re: Wile E Coyote Government meets Financial Crisis

I would also recommend "The March of Folly" by Barbara Tuchman. In the book, she illustrates several historical examples of when really smart and savvy people made disastrous decisions. Decisions, that they knew were bad in the short term, but were politically expedient. These leaders thought that they were smart enough to be able to control things but ultimately events spun out of control.

The Renaissance Popes provoke the protestant reformation.
Montezuma toys with Cortez and loses.
The British lose the American colonies.
Germany's Submarine Campaign unintentionally draws the US into WW1
American intervention in Vietnam.

As modern age people we forget oftentimes that history is not stagnant. We are living in an era that will prove itself to be every bit as eventful as the Renaissance or the Industrial Age. To think that events during such a time will remain stable and "under control" is in itself, a folly.

[politicalfootballfan]

Re: Wile E Coyote Government meets Financial Crisis

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[FRED]

Re: Wile E Coyote Government meets Financial Crisis

I do not find this answer convincing... especially given the tremendous talent and resources available to the US Gov't and their demonstrated ability to plan decades into the future with the utmost precision.

I'm trying to figure out if you are kidding or not. Your assertion is that the crash of the FIRE Economy was planned?

[D-Mack]

Re: Wile E Coyote Government meets Financial Crisis

There is an identification of an enemy that is currently under global development, it is that our enemy is Man. In fact, the Club of Rome think tank, among others, have told us this, namely, that the "enemy of humanity is man" and “The Earth has cancer and the cancer is Man."
Humans need a common motivation, namely a common adversary, to organize and act together... and the common enemy that we are being given is overpopulation. The motivation that will be used to bring the divided nations together to face this enemy is climate change, food shortages, water scarcities, the environment, economic scarcity (currently in full swing), etc.

I guess OBL and the GWOT doesn't work that well anymore.

The Alien thing Reagan spoke of is probably not doable



But this over-population thing has been a long tradition, it seems

Henry Carey
Excerpts from The Harmony of Interests: Agricultural, Manufacturing & Commercial (1851)
3/13 V - Why Is It that Protection Is Required?

...

We thus have here, first, a system that is unsound and unnatural, and second, a theory invented for the purpose of accounting for the poverty and wretchedness which are its necessary results. The miseries of Ireland are charged to over-population, although millions of acres of the richest soils of the kingdom are waiting drainage to take their place among the most productive in the world, and although the Irish are compelled to waste more labour than would pay, many times over, for all the cloth and iron they consume. The wretchedness of Scotland is charged to over-population when a large portion of the land is so tied up by entails as to forbid improvement, and almost forbid cultivation. The difficulty of obtaining food in England is ascribed to over-population, when throughout the kingdom a large portion of the land is occupied as pleasure grounds, by men whose fortunes are due to the system which has ruined Ireland and India. Over-population is the ready excuse for all the evils of a vicious system, and so will it continue to be until that system shall see its end... (pp. 64-65)

http://www.let.rug.nl/usa/D/1851-1875/carey/harm03.htm