As the Merry Season Approaches


Robin Hood. Banks rescuing banks. Until government had to rescue banks. And no one asked for a tax increase.

Robin Hood. American troops rescuing Afghanistan. After rescuing Iraq. And no one asked for a tax increase.

Robin Hood. The rich rescuing the poor. It was a great story. At Thanksgiving time. Or at Christmas. Or Hanukkah. Until the rich were extinct. Or in Asia.

“I’ve been forever blowing bubbles. Pretty bubbles in the air. They rise so high…”

When you got older and used your head to make a living. Looking at the fundamentals. Making decisions upon the present day news. About investing. People living in the present. Carpetbaggers, somewhat. For the short-term. Those San Francisco 49ers one hundred sixty years later. Only not doing manual labor.

The movement in the story. In the story of speculators. Gold. Once you had entered the entrance ramp. With concern only about today’s closing prices. Hope, in the story of speculating. Hope for tomorrow, that I made the right decision. The only focus about a hope for the future based upon the disappearing past.

The movement in the story. Looking for exits. And what was happening. Looking for safety, once you had some gold. The movement in the story, in the world with Robin Hood. When it was thought to be okay to steal from the rich. And Robin Hood had his own powerful group of merry men. Sometime enacting the law of the land.

The movement in the story. When you moved around a lot in your life, you did not have a great deal of trust. In your relationships. When your relationships were short-lived. Like in the movement in the stories of the markets. Those quarterly results. With the recent market appreciation of 14 percent since August 27, 2010 when the Federal Reserve Chairman announced QE2. An appreciation driven, the movement upward, by the Federal Reserve, not underlying economic fundamentals. The illusions which come from artificial money moving the market. Cheap money. Newly printed money, as The Fed continues to pump cheap money into the markets. The commodities bubble will continue to grow, as the dollar becomes further depressed.

The movement in the stories. The accelerating speed. Of run-ups. On people. Anything providing evidence of how people would be dealing with loss. The focus on the human dimension of lost savings. And being saved. It was getting more personal. The stories were getting a lot more personal. If you were related to the Irish. As civilized people were buying guns.

There was conflict in a Robin Hood economy, as governments tried to take everything from the rich, to care for the uninsured, the uneducated, the unhealthy, the poor. As voters, if not merry men, could not make up their minds over the question of what ‘economic justice’ exactly was, as they wrestled with the fallout of economic freedom.

So was this what the Y2K problem really was about? In the Year 2010.


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