On pessimism

This blog started off with some optimism.  I figured that there were solutions out there, and all that was necessary was to implement them.

It must have changed with the reelection of Obama.  Maybe the reality of what has happened to this country began to overwhelm whatever optimism there may have been left.

I'm pretty sure we are headed for a crack-up.  Don't know how or when, but it is bound to occur.

That business I read about this past weekend with respect to gold probably croaked my optimism for good.

You know what they are doing with gold?  They are treating it the same way that they are doing with paper money.  They've created a fractional banking system with gold.  The idea is that when somebody can't get their gold that they think they own, the entire system may crash.  Well, maybe.  You see, they lease out the gold and what happens is that the amount of gold that they have on hand isn't enough to cover the obligations that they are incurring during the meantime.  It's like a bank that can't cover the demands of the depositors. A bank run ensues and they have to shut down the bank.

People still think paper money is good, so maybe they will accept paper money in its stead.  That's a bit of gallows humor there, in case you didn't pick up on it.

It is hard to convey humor sometimes with the written word.  If you didn't laugh...