Wednesday, October 10, 2012

It's Easy to Be Generous With Other People's Money

"It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost." - Murray Rothbard

"The state is a gang of thieves writ large." - Murray Rothbard

Yesterday I sat in the lobby of the Grand Hyatt Hotel in Roppongi waiting for a meeting to start. It was the fifth time I have sat there waiting at the lobby in the last two weeks. It was the first time, though, that I saw that the lobby was crawling with undercover policemen.

My friend told me it was because there was an IMF meeting in the hotel.

Tokyo Tower as seen from the Grand Hyatt

Great! Not only do our masters lord over us and inconvenience our lives, they take our money and give it to each other.

Ron Paul once said, "Foreign aid is the act of taking money from poor people in a rich country and giving it to rich people in a poor country."

And that's just what happened; the Japanese government went and gave away money that they don't have and that is not theirs to give. 

Well, don't believe me. Let's have banker-thief Christine Lagarde IMF Managing Director tell you all about it:

“I warmly welcome today’s announcement by Finance Minister Jun Azumi on the Japanese authorities’ intention to contribute US$60 billion in additional resources to the IMF." 

What?! This country is in desperate financial straits as Hedgeweek reports in Japan's Ticking Time Bomb; "Japan’s debt-to-GDP ratio at 220%, is almost double that of Italy."

Great. Giving away money we don't have. No! Make that borrowing money and then giving it away, because that is de-facto what's happening here. How long can this go on?

1 comment:

Andrew Joseph said...

It's pretty stupid. Where is the money coming from for Japan to even consider giving it away? WTF!