Thursday, May 20, 2010
Welcome to the "Rand Paul" stock market!
Be careful what you wish for as you just might get it.
That is my admonition to voters, particulary the "Tea Partiers" who want cuts in government spending and desire balanced budgets. Some even long for the return of America on a gold standard.
Kentucky Senatorial candidate, Rand Paul, is a proponent of these ideas. His victory in the primary elections this past Tuesday, was a shot across the bow to the stock market. The fact that Americans are voting to usher in a new era of austerity and limitation will be horrible for the stock market and the economy.
While voters who cast their ballot in favor of guys like Paul (Ron and Rand) and perhaps even Schiff, think they're moving the country in the right direction, they're sorely mistaken. All they are doing is ensuring that we will face a long period of dystopia that will result in an unbearable society for millions of citizens.
The American Dream is dying--perhaps it may already be dead--and not because of the debt, but because of an ignorant yet pervasive belief system that grips the electorate and our policy makers.
The world once experienced a period such as this. It was a period when art, science, knowledge, commerce and modernity were suffocated and not allowed to flourish. It was a period marked by superstition, dogma and economic decline. It was a period called the Dark Ages.