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The Law of Unintended Consequences

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Published : January 31st, 2013
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Category : Editorials

 

 

 

 

Wallace, Idaho – An impromptu gun show broke out last weekend under the I-5 freeway when Seattle's police department, in one of its feel-good endeavours, offered to help get guns off the streets with a buyback program offering $100 (in gift certificates) for handguns, long guns and shotguns, and $200 for any misnomered “assault rifles” -- meaning, one supposes, semi-automatic rifles with black furniture.


The several thousand sheeple who queued up to turn in their guns for a pittance were greeted by a bevy of cash buyers offering something closer to market price than the cops were willing to pay – and in cash, not gift cards.


Reported Mac Slavo, of SHTF.com: “Police stood in awe as gun enthusiasts and collectors waved wads of cash for the guns being held by those standing in line for the buyback program.” Several prospective buyers held placards offering “Cash for Guns,” “Will Pay Cash for Collectibles,” and “$$ For Assault Rifles.”


Quipped one buyer: Like the cops, he said, “I'm still taking guns off the streets; they're just going in my safe.” Hopefully a few heirloom firearms, maybe a Purdy shotgun, a pre-1964 Winchester or two, or a flast-side Vietnam-era AR-15were rescued in this free-market response to governmental stupidity.


* * *

Pull out your King James Bible and turn to Genesis 47:15:


“And when money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? for the money faileth.”


Ben Bernanke and Timothy Geithner are conjuring the same recipe the Pharaoh did to enslave their people. The people in later verses of this same chapter offered up their land and their freedom in exchange for food, to wit: “Wherefore shall we die before thine eyes, both we and our land? Buy us and our land for bread, and we and our land will be servants unto Pharaoh: and give us seed, that we may live, and not die, that the land be not desolate.


“And Joseph bought all the land of Egypt for Pharaoh; for the Egyptians sold every man his field, because the famine prevailed over them: so the land became Pharaoh's. And as for the people, he removed them to cities from one end of the borders of Egypt even to the other end thereof. ”


That's what happens when banksters and corporate fascists run the show. They seek servants. FEMA camps, anyone? As our friend from Australia, John Percival, who put this matter in front of me yesterday comments: “The mother of all currency wars has begun. Good time to own a gold mine and an ocean capable yacht.” To which Doug Casey and Simon Black might add, some arable land in Chile.


* * *

Yet more grim news, this from the United States Geological Survey (USGS). Idaho doesn't even rate an honourable mention in its 2012 tally of mineral production from its lead, zinc and silver mines.


* * *


Lastly, we leave you with an imagined conversation between the “Who's On First?” duo of Abbot and Costello:



COSTELLO: I want to talk about the unemployment rate in America.

ABBOTT: Good Subject. Terrible Times. It's 7.8%.

COSTELLO: That many people are out of work?

ABBOTT: No, that's 14.7%.

COSTELLO: You just said 7.8%.

ABBOTT: 7.8% Unemployed.

COSTELLO: Right 7.8% out of work.

ABBOTT: No, that's 14.7%.

COSTELLO: Okay, so it's 14.7% unemployed.

ABBOTT: No, that's 7.8%.

COSTELLO: WAIT A MINUTE. Is it 7.8% or 14.7%?

ABBOTT: 7.8% are unemployed. 14.7% are out of work.

COSTELLO: IF you are out of work you are unemployed.

ABBOTT: No, Obama said you can't count the "Out of Work" as the unemployed. You have to look for work to be unemployed.

COSTELLO: BUT THEY ARE OUT OF WORK!!!

ABBOTT: No, you miss his point.

COSTELLO: What point?

ABBOTT: Someone who doesn't look for work can't be counted with those who look for work. It wouldn't be fair.

COSTELLO: To whom?

ABBOTT: The unemployed.

COSTELLO: But they are ALL out of work.

ABBOTT: No, the unemployed are actively looking for work. Those who are out of work gave up looking and if you give up, you are no longer in the ranks of the unemployed.

COSTELLO: So if you're off the unemployment roles that would count as less unemployment?

ABBOTT: Unemployment would go down. Absolutely!

COSTELLO: The unemployment just goes down because you don't look for work?

ABBOTT: Absolutely it goes down. That's how the current administration gets it to 7.8%. Otherwise it would be 14.7%. Our govt. doesn't want you to read about 14.7% unemployment.

COSTELLO: That would be tough on those running for reelection.

ABBOTT: Absolutely.

COSTELLO: Wait, I got a question for you. That means there are two ways to bring down the unemployment number?

ABBOTT: Two ways is correct.

COSTELLO: Unemployment can go down if someone gets a job?

ABBOTT: Correct.

COSTELLO: And unemployment can also go down if you stop looking for a job?

ABBOTT: Bingo.

COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to have administration supporters stop looking for work.

ABBOTT: Now you're thinking like the Economy Czar.

 

 

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David Bond covers gold and silver mining equities for a number of national and international publishers from Wallace, Idaho, heart of the planet's richest silver fields, the Coeur d'Alene Mining District.
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