Hyperinflated Entitlements

Posted: January 13th, 2013 by Militant Libertarian

Originally published January 29, 2010.

by Tom Baugh, DumpDC

A few weeks ago, First Wife and I were standing in line at the market, and ahead of us was a woman with a cart full of junk food. Hidden among the junk was a coloring book strategically placed there by the little girl darting around her as the child worked to place the items on the conveyor. During a moment of inattention by the mother, up went the coloring book, partly covered by a bag of death doughnuts. The coloring book inched its way toward the cashier, until, at the last moment as the clerk’s hand reached for it, the mother sprang into action. Snatching it away, she chided the girl, “I told you we don’t buy this kind of trash.” Of course not. Why should she want to help the girl improve her mind or her artistic ability for the price of a half-bag of doughnuts? After all, that’s not the mother’s responsibility, is it?

This clearly wasn’t the first such disappointment for the girl, as she stood there with stoic eyes while the mother fumbled around in her wallet, eventually producing a little debit card with a big Georgia peach on it. And then I understood.

Here in Georgia, as in many states, entitlements such as food stamps are now implemented electronically. Recipients of this largesse now carry EBT (Electronic Benefits Transfer) cards, which for all intents and purposes, function as normal debit cards. Recipients even get to check their account information online through a system maintained by JPMorganChase. Of course it is. Sadly, I’m not making any of this up.

A few days ago, Russ Longcore wrote an article (Secession and Economic Collapse) about the effect of a banking collapse and incipient hyperinflation. The picture he paints in that article is realistically grim. If anything, his article may be too optimistic. I say this because for the first time in human history, we are staring down the maw of impending hyperinflation in which the parasites will be insulated from tragedy, while the productive will be singled out for economic and personal destruction. And programs such as the peach card, administered by our wards at JPMorganChase, will be instrumental in this sequence of destruction.

Regardless of the precipitating causes, once an economic crisis begins in earnest, as Russ correctly predicts, all of your money in the bank will immediately become inaccessible. Your credit cards will probably become inaccessible soon after, since the banks will reasonably assume that you won’t have the ability to pay them back, or will want to pay them back in little tiny hyperinflated dollars. But fortunately, our fellow card-holding citizens won’t have this problem.

It is obvious that during periods of hyperinflation governments respond by printing more money, worsening the hyperinflation. But printing money doesn’t necessarily mean ink and paper. Our government can easily print more money right now, with zero materials cost, simply by adding more zeroes to the end of all those EBT accounts. What yesterday was a peach card (or longhorn card or whatever) with a balance of five hundred dollars could tomorrow easily contain five thousand dollars, or five million dollars. Spend all you want, they’ll make more. Overnight, food stamp recipients could become the richest people you know. Meanwhile, you won’t even be able to buy a carton of eggs. Maybe they’ll let you wash their cars for a few crumbs from their plates.

And why would our government charge up those cards with fake money? Why, for the same reason that they issued all those cards in the first place: to attract and keep a solid block of voters. This isn’t rocket science.

But what about food shortages? Won’t the shelves be bare? Not necessarily, at least to start. For a while, those rapidly inflating Electronic Benefits Transfer cards (I never get tired of appreciating the honesty in that name) will keep the supermarkets afloat. Because our peach card heroes will be able to sustain their purchases of expensive junk food, the stores will keep pace with hyperinflation and be able to continue to bring goods in to stock. It will be a surreal situation: stores stocked with goods, but you won’t be able to afford to buy any of it. How do you think that will make you feel, standing in line behind someone who can buy anything they want, while you had to scrape together enough to buy a half-dozen eggs? Of course, they are buying these goods with money created by destroying your savings, but hey, that’s just a detail.

But it isn’t just food stamp recipients. No sir. With a little bit of imagination, one can easily uncover many more groups who will benefit from executive orders pumping up their equivalent of peach cards. Retirees living on fixed incomes from Social Security could easily enjoy the same hyperinflated perk with a stroke of a pen. As could government employees, including the military, law enforcement, and key government contractors; in short, anyone who gets a government check. In the depth of such a crisis, producers of original value will suddenly find themselves impoverished; yet surrounded by public servants and beneficiaries of enforced charity who barely notice anything is wrong. Other than that your attitude suddenly got a lot worse. Maybe they ought to take your guns away, just in case you start getting ideas.

We can actually already see the seeds of this situation in action today. If you have a stable government job, for example, it is a great time to buy a house. You will probably qualify for all you need to buy a great house at rock bottom prices. Too bad for the sap who spent his life saving to buy that house and now can’t afford the payments. Never mind that increasingly oppressive regulations, combined with tightening of credit, drove him out of business or cost him his job. He should have been smart enough to have a government job in the first place. Everyone knows that’s where the real action is. For those getting the checks with all the flags on them, or their electronic equivalent, these are boom times. Couldn’t be better, in fact, except with more of the same, of course.

I’ve maintained for a while that they, the unproductive parasites, do indeed surround us, the productive few who generate original value. Parasites rarely decide to become productive. Worse, some currently productive people, with enough coercion and misery, will, in desperation, turn to parasitism. Facing poverty, that former body shop owner might decide to join Obama’s domestic security forces, for example. That’s a great path out of poverty, but too bad it makes him a little more unsympathetic to your particular plight. Maybe the tasering won’t kill you when you lose it and start yelling at that peach card leech ahead of you in line at the store. If it does kill you, at least your family will get your tiny little insurance dollars. Oh wait, I forgot, you were committing the crimes of disorderly conduct and resisting arrest at the time. Sorry, no insurance either.

The bottom line is, we are surrounded, and we will become more surrounded with each passing day. Crises will only work to increase the rate at which our fellow man decides to jump sides. Eventually, there will be very few of us left.

So, what do we, the productive people, do about this? Scribble some more signs and have more rallies? Nope. These things only waste your precious time, because our enemies aren’t simply innocent sheeple. No, by now each of these people have made conscious decisions to eat you alive. We have to get over the idea that with enough education, people will wake up and set things straight. There are just too many of them now who profit from taking everything you have worked for your entire lives, and destroying everything of value in this country. We have to understand who the real enemies of liberty are. The leaders whose names we know are merely the agents of the teeming, anonymous masses.

But, there is hope for us. Oddly enough, our salvation will come by steering a course directly through the heart of the storm. One of the neat features about crises is that they so easily spin out of control, almost by definition. Some of those guys who decided to join the parasites to police you happened to be filling an essential economic cog unawares. We never know how the ripples of economic activity splash and slosh, but at some point, some farmer isn’t going to get his feed or fuel delivery, and ten thousand chickens will die. Or a crop doesn’t get harvested in time, or the pipeline breaks and the guy who knows how to fix it has been replaced by a quota. Or went into cardiac arrest or cracked his head after being tasered for yelling at some leech in the supermarket.

The unpredictable and uncontrollable free market economy which tyrants disdain is exactly the economy which feeds, houses, clothes, and warms four hundred million people (illegals included) in this country. Wrap a chain around that economy, and it will start leaking value in every direction, none of them good. No matter how bad it gets for the productive individual in the short term, the leeches will receive their due some winter. All you need to do until then is to be able to survive through that winter. Other authors help prepare you accordingly for that. In the meantime, as discussed in my article “How Many Shoes?”, prepare yourself for long-term survival by learning something useful which you can trade later with your productive brethren.

Later, trimmed of all the fat in the herd, we will then be able to restore Constitutional principles to their rightful place without all the parasites who think that great document just gets in their way of stealing from you.

Tom Baugh is the author of “Starving The Monkeys: Fight Bank Smarter”. He is also a former Marine, patented inventor, entrepreneur and professional irritant.

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Comments (6)

 

  1. LibertyCzar says:

    I’ve often believed that in the coming years, a new “class” will be born. Actually I take that back, it’s already born, but it will expand exponentially. Or more likely, totally explode in the next 3-5 years.
    The new class being government employees, or anyone who gets a check from the federal government, and primarily lives off of that money.
    From a materialistic point of view, it is quite an amazing thing to be employed from the government, and thus the incentive for the masses to do so is very large. A steady paycheck, off the book benefits(power privelages) as well as the regulars like insurance and strict adherence to bullshit holidays and a 38 hour work week, and the cherry to end all cherries on top: Complete retirement package at 20 years of service, for the rest of your human life, on top of Social Security, despite your age at retirement.
    For those with no principals(Federal police), or those who are generally uneducated and live off of government handouts already(Future TSA or DMV workers), all these add up to be a great deal. Why NOT work for the government???

    Unless you’re not part of that class. In which you pay for their paycheck, their insurance, their retirement, and their social security, and in turn also have to put up with their big-headed power trips and live as a second-class citizen.
    How someone can be justified at retiring at the age of 45, after working for 20 years, and then collect benefits and social security for another 40 YEARS, for a total time of twice that which they worked, is absolutely beyond me.

    And with the president creating more of these “jobs”, (which every government employee for every agency should not count as they double-dip the system and actually hurt the economy even more), the class divide grows ever wider. And 5 years time, 10 years time, there may very well be more people working for the government, or contracted to the goverment, or working in a union in an industry taken over by the government, than there are in the private sector.

    But by then there will probably be zombies in the streets and killer robots destroying the cities, because it won’t matter. Like a junkie, this country will have overdosed on it’s own power. And it’s going to die.

    And don’t forget! Tuesday is Soylent Green day. Don’t forget to get some.

  2. So here is how we discover an ever-increasing number of freedom-lovers and their websites.

    Started from this page:
    http://militantlibertarian.org/2013/01/13/hyperinflated-entitlements/

    Then from the Auto-Generated Related posts went to:
    http://militantlibertarian.org/2012/12/19/dont-pledge-hand-hecklers-a-card/

    And then to Kent’s website:
    http://blog.kentforliberty.com/2012/12/today-i-was-this-guy.html

    And from this comment:
    http://blog.kentforliberty.com/2012/12/today-i-was-this-guy.html#c2349227144569901392

    We found John and Kelly’s Blagnet.net:
    http://www.blagnet.net/2007/12/23/origins/

    So when you’ve got a few hours to spare, dive into:
    http://www.blagnet.net

    Of course all the commentaries are good so here is a link to just one to get you started(jury nullification, FIJA.org, Tenthers):
    http://www.blagnet.net/2012/02/23/paul-butler-jurors-need-to-know-that-they-can-say-no/

    Just imagine how fast things would change for the better if people did just two simple things:

    Understand, advocate, implement, and practice ALL levels of nullification from family to local to regional and federal.

    Use cash/barter/alternate-currencies/etc and continually strive for an ever-increasing usage of Voluntaryist Agorism!

    Your sources for exchange might rank as such:
    Family first
    Neighbors second
    Faith/Civic/Social associates third
    Informal anonymous barter/exchange networks such as farmers markets, flea markets, yard sales, craigslist, etc. fourth

    At some point you will probably end up trying to decide whether to purchase new items locally or say from an online seller. Here you should be looking for the most ‘bang for your buck’ in that the less you pay for an item…the more bucks you’ll have to put towards other items. Online seller Amazon offers millions of items and offers free shipping in many cases, also they have resisted various taxing bodies(local/regional/national) which vastly helps to starve the beast at ALL levels.

  3. Scott Lazarowitz linked to Market-Ticker recently and the article and comments were noteworthy.

    Here is the link to one comment by “Downrange” although there are other good comments as well:

    http://www.market-ticker.org/akcs-www?singlepost=3262009

  4. See Charles Hughes Smith’s August 15th, 2013 piece at Lew Rockwell titled “The New, Improved 1984?

    Here is the link:

    http://www.lewrockwell.com/2013/08/charles-hugh-smith/welcome-to-1984/

    It. Is. Later. Than. You. Think.

    However…

    Consider that there may NOT be a loss-of-faith-in-the-dollar-event.

    Ninety-nine percent of the people are just fine with getting a “government-check” regardless of the exact method and/or medium. Right now it is still checks and deposits but in the future it will just be credits and debits to the account they give you before you even leave the womb.

    Many fail to see and/or fully understand what the global oligarchs are doing with the dollar. Rest assured that they fully intend…and are WELL on their way…to create a global system where direct person to person barter/exchange/etc is absolutely outlawed with snitches receiving plenty of continued incentives to seek out and turn-in anyone and everyone who falls for their trap.

    When they have total control of your credits and debits…AND THE TAXES THEY FOIST UPON EACH INDIVIDUAL(think “from each according to his ability, to each according to his need”)…then they will have achieved the ability to make each individual as “rich” or as “poor” as they want…when they want…for whatever reason they have at that moment in time.

    It is already happening. A single(unmarried) person who has little or no “exemptions” will be taxed(debited) heavily to “punish” them for not providing the oligarchs with some future cannon-fodder. As many have commented frequently across the spans of time, the oligarchs care not-a-wit about fame or fortune…their ultimate and all-consuming lust is for the control of the mass of humanity…their “cattle”…yep, livestock.

    Or if you’d rather a different picture then remember in the movie The Matrix when Morpheus explains to Neo that humans are the “batteries”…the energy source…for the Matrix.

    And, like Eric and many others, we wonder how our prodigy will ever be able to escape these oligarchs with their “all-seeing-eye” cameras/computers/machines/etc and their vast armies of assassins/drones/mercenaries/snitches/etc.

    Hey, they can do anything to you that they desire…ANYTHING…and your neighbors/fellow-parishioners/gym-mates/work-mates/etc will notice for a brief moment and then go back to their normally-programmed-existence cowering-in-constant-fear of getting cut-off from “their” “share” of the loot and booty harvested from their children/family/friends/grandchildren/neighbors/etc.

    Throw. It. In. The. Woods.

    Peace.

    Out.

  5. Always remember that there is absolutely no reason why the fiat-dollar money-makers can’t whip up a few billion just to pay your friends and neighbors a million cash to murder you, dispose of your body, and never tell anyone…

    They don’t need money…

    They. Just. Need. Slaves.

    http://www.youtube.com/watch?v=tiS7sCcSLUQ

  6. Just imagine how fast things would change for the better if people did just two simple things:

    Understand, advocate, implement, and practice ALL levels of nullification from family to local to regional and federal.

    Use cash/barter/alternate-currencies/etc and continually strive for an ever-increasing usage of Voluntaryist Agorism!

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