Friday, November 13, 2009

Borrowing money to pay bills, state-style

Question: How many of us have ever repaired our finances by borrowing money to pay bills? How many of us think this is a wise option?

I can say it hasn't worked well in my life, and yet Minnesota is planning to do this very thing. It seems "nobody has any money anymore" - but we've already wandered through that maze. The state will turn to the Fed and the ultimate simplicity - and foolishness - will result.

The answer is, "Make more money."

Problem is when we have the Fed's do this, we're at their mercy. What would happen if we just printed our own Minnesota Bucks? Non-interest bearing. That's the key part.

Sure, we'd have to use them for in-state trading, but dollars are passed around between us already. We'd have to do some thinking - that's the hard part - but the truth is the Fed is riding its own runaway debt. Most of them are in denial, but it seems to be almost a drug-induced high with hallucinations of flying forever... And if we know anything about drugs, the crash 'n burn of reality happens whether we're in denial or not.

Taking more drugs to try and maintain the glorious rush hasn't worked, either. The high can't be sustained indefinitely? "Making more money" - i.e. debt - on the Federal level is like continuing to inject the very poison that will destroy us. (Okay, think of heroin, and what an addict would do for another fix, regardless of the long-term cost.)

Keyword: long-term. Minnesota just plans on short-term borrowing to cover its debts. I can say, I've tried this, and it is a bit like our addict taking out a loan. Is anyone reading this willing to loan a heavy heroin user funds for today's high with the belief that somehow they can pay it back 'tomorrow'? Anyone trust their clear-headed view of 'reality' when it comes time to pay back?

If so, talk to me, I have a deal for you!

When we think more fully on where the nation is going at its own mad pace, it doesn't seem so silly to consider nesting our own Minnesota Bucks, kind of like methadone while we, as part of the addictive culture, get our shit together on reality. Hopefully before the plug is pulled on our supply line and we're all raving maniacs looking for a hit.

I may be wrong, wish I was, but - unfortunately - too often I'm right. Enough thinking people already see this, but most of them are not in politics or government.

Let's "Make more money", but let's get the Feds out of the picture.