Like children in the marketplace…

They are like children sitting in the marketplace and calling to one another,We played the flute for you, and you did not dance; we sang a dirge, and you did not weep. -Luke 7:32

Watching clips like this makes me think that option 2 is the most likely scenario. The silliness will not end until it is forced to end through collapse.

Imagine a town near a volcano that is certain to erupt soon. The citizens go to a wise man and say “What do we do?” The wise man replies, “Send your gold reserves to a neighboring town. Pack up what you can take and get out of town.” The citizens reply: “But then we’ll lose our homes, silly! Imagine the upheaval! How can you be so cruel?” So the citizens decide instead to spend their gold reserves on fire hoses and shovels to combat the volcano, and they borrow money from a faraway town to build a wall around their homes. In the end, the volcano erupts, the lava wipes out the shovels and the hoses and the homes and the wall, and the residents flee with only the clothes on their back (and their debts).

This is roughly what is going on here. Ron Paul is telling people what they do not want to hear, namely to allow the market to liquidate debt. He is saying “act like men.” Be a grown up.

In the end, the debt will be liquidated. Many people will be unemployed. There will be upheaval. And the more we try to avoid it, the worse it’ll be. The jig is up.

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