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Neither a borrower nor a lender be,
For loan oft loses both itself and friend
And borrowing dulls the edge of husbandry.
— Polonius, Hamlet Act 1, scene 3, 75-77

Well shucky darn and slop the chickens!

It seems Friday’s long sought solution to the European debt crisis is just another in the series of now over used “kicking the can down the road, (until it is kicked off the cliff) metaphor is back. The whole shebang lasted over the weekend. Thankfully we have the French to praise for the five-day workweek, for God only knows what would have happened without that break.

But at least the Eurocrat elites are hard at work at their misadventure, the American federal government’s political class, both the President and the Congress, seem to like their adventure into the lazy-fairy world of the historic continental work ethic.

At Wonder Springs we have no hesitation to say that on both sides of the Atlantic, the elitists across the political and economic spectrums, seem immersed in trying to create a new and better Babylon, ignoring that Biblical story, as not even a myth, but a children’s boogie-man piece of fiction.

We are beginning another winter, like in the C. S. Lewis’ Narnia Wardrobe tale, “where it is always winter, but never Christmas” which is playing out in reality for far too many subjects, or serfs, or peasants, or lowly evolved talking animals. This is occurring within the grand scheme to make a world of prosperity, based upon a faux world of finance, completely divorced from nature and natural law.

So to cut this string of allegory and metaphor, we shall exit, stage right, with a Palin: How’s that hopey changey, thing workin’ out for ya!

Tags: finance, Babylon, jobs, C. S. Lewis, risk, Collectivist Elitists, Laissez Faire Scoundrels, Entrepreneurial Pioneer Area, Business Ecology

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She named the boy Ichabod, saying, “The Glory has departed from Israel”—because of the capture of the ark of God and the deaths of her father-in-law and her husband.
— 1 Samuel 4:21, Daughter-in-law of Eli, Israel’s High Priest

The glory has departed – the whole world.

“What’s up Doc?” said Bugs Bunny.

“Bugs, sad to say, things ain’t that peachy keen, all over the globe, it has simply become Ichabod’s world!” replied Elmer Fudd.

Sadly, we are forced to live in a real world; the cartoon financial fantasies of the twentieth century have forced us to look at the twenty-first. To take off the rose colored glasses and not only look at a real three dimensional world, but for the first time, in a very long time, to question some of the assumptions that have guided our make-believe world of that epoch.

I realize that this rather a stark way to look at the world and the nation, especially this week when the nation celebrates its Thanksgiving Holiday. But when you seriously look at what is happening Ichabod seems like a just description. This week besides tomorrows thanksgiving feast, we are marketed the hype that this will be “Turkey Day and Professional Football,” the nation’s pseudo religion. That followed by Black Friday when it has become the practice of feeding the god of consumer gluttony.

Lest we forget today was the day when the American Congress, Democrats and Republicans, were supposed to begin to act like adults and make a true token gesture in beginning to reign in some of the federal government’s excessive spending, in a somewhat controlled environment.

The $1.2 trillion in savings, however was really way less than a token, the real work would have been to make those savings on an annual basis. A real functioning republic would have seen it within reason, to make those cut to one percent of GDP, so that we could have seriously begun to restructure and rethink the role of government, so that it represented the vast majority of our people; not those just on the conservative and liberal extremes of their political parties.

Tags: Ichabod, Thanksgiving, economics, finance, compound interest, Laissez Faire Scoundrels, Collectivist Elitists, Babylon