< HOME  Friday, December 16, 2005

A recipe for RECESSION

Ingredients:
One national note decreed as legal tender in exchange for all debts and obligations.

Millions of trusting and hard working PEOPLE.

One very powerful military complex

One LARGE serving of pseudo-democracy.

One subserviant mass media apparatus
Instructions:
1. Give exclusive control of ALL tender to private bankers.

2. Add interest to ALL tender that circulates.

3. Once control is firmly in place, seal all openings and PREHEAT oven by extracting a portion of tender, in TAX, from that which circulates.

4. Set oven to 5% interest; periodically adjust for inflation.

5. To ensure economy rises, allow tender to circulate either as cash or as credit based on as little as 6% tender on reserve.

6. To keep people from sticking together, employ media to insert wedge issues between them.

7. Check regularly to ensure economy does not overheat. If needed, apply military.

8. Keep bankruptcy pores closed at all times to avoid deflation.

9. Add foreign investment as needed, raising INTEREST, and TAXES as you go.

10. Repeat STEP 9 as often as economy will tolerate; then move on to the next nation.

Please note, to ensure effective transfer of wealth from working class to idle rich:

1. Tax only LABOR;

2. Do not, under any circumstance, tax income from INTEREST;

3. Do not, under any circumstance, accommodate REAL growth;

4. Do not, under any circumstance, pay off the DEBT; and

5. Always speak in riddles to avoid exposure.

7 Comments:

At Friday, December 16, 2005, Anonymous Doc said...

The recipe tastes a little flat. Let's spice it up with a few assorted lies - like our votes make any difference at all, we are not under martial law, and pay no attention to that little man behind the curtain. Ahhhh, that's better!

 
At Friday, December 16, 2005, Blogger qrswave said...

LOL

Brilliant!

 
At Friday, December 16, 2005, Blogger Tenebris said...

... or as credit based on as little as 6% tender on reserve.

Less, actually: and by the time circulatory growth has been taken into account, about a hundredth of that. I had also heard that in some cases the reserve fund for all intents and purposes approximates zero, but I don't know enough economics to confirm or deny.

 
At Friday, December 16, 2005, Anonymous Anonymous said...

Yeah, you pretty much summed that up!

 
At Saturday, December 17, 2005, Blogger Frederick said...

Hey! Did y6ou see I nominated you for a Koufax award?!

http://fredbieling.blogspot.com/2005/12/2005-koufax-awards.html

 
At Saturday, December 17, 2005, Blogger Mr. Natural said...

"Protests rage as deadlocked WTO talks go to wire"

http://news.yahoo.com/s/nm/20051217/wl_nm/trade_wto_dc

Yes indeedie, those peasant farmers are a real pain in the ass to the planet raping world corporations...maybe Dick (the electrician) Cheney can come up with something do deal with the pests...

 
At Saturday, December 17, 2005, Blogger qrswave said...

Hey Fred, Congrats!!!

-------------------

mr. natural, you're funny!

:)

 

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