Is It Time To Turn Up The Anti-Marxist Heat?

Before I give you my answer to this question, let’s talk some more about the coming train wreck.

Today at 2:15PM EDT Federal Reserve Chairman Ben Bernanke will hold a press conference. Reporters will have a chance to ask  questions that are on the minds of people all around the world. Questions like : Will the Fed really stop Quantitative Easing in June as promised by the Fed? If so, for how long?, Is the US in real danger of losing its AAA rating as S&P has warned? What is the Fed going to do about inflation? Why aren’t banks lending? What will happen if banks start lending and all those excess reserves they are sitting on start to enter the market place? What does the Fed think the government ought to do about its fiscal policies?

Those are just a few of the important questions that reporters could ask. Let’s hope that the reporters are well prepared for this press conference. More importantly, will Bernanke give candid answers to these questions? Highly unlikely I would say.  My guess is that Bernanke will try to do two things. He will try to leave the impression that the Fed has everything under control and he will , because of all the heat that the Fed is feeling, try to push blame onto the governments fiscal policy. In the end, I doubt that we will learn much from this long heralded press conference. I would very much like to be pleasantly surprised.

So, if Bernanke isn’t going to help us see into our future, maybe someone who makes their living predicting the future cans give us some insight. I’m talking about Jim Rogers, the well-known investor legend  and chairman of Singapore based Rogers Holding. LewRockwell.Com reports on Mr. Rogers views. For details behind Jim Rogers opinions please read the article. Here I will only try to highlight some of his more pertinent views:

• He believes that the US will indeed lose its AAA rating within two to three years.
• His portfolio holds no bonds. His is, in fact, planning to go short in bonds in the near future.
• He believes the Fed will delay QE III
• He believes that commodities like oil, gas, silver and, various food grains will continue to rise. 

So ,to my untrained eye trying to read between the lines, it appears as if Mr. Rogers, like so many others, is betting that the politicians do not have the will to do what needs to be done. In other words, he is betting on the train wreck that so many people are talking about today. And that leads me to the subject of today’s post.

My friends, I believe that our best strategy is to assume that the train wreck will happen. Many conservative/libertarian pundits have hoped for this train wreck to occur sooner rather than later. The idea being that the sooner it happens the sooner we conservative/libertarians can start rebuilding the America that our Founders had in mind. But, this position assumes that the people will blame the liberal/marxist for the train wreck. Not a good assumption, in my opinion. 

You see, many liberal/marxist pundits also have been wishing for the train to wreck sooner rather than later. Why? Because they believe that they can convince the people who it was the capitalist free market system touted by the conservative/libertarians that caused the train wreck. And, therefore, it will be they that the people will follow in building their new socialist state.

I think that we should assume that they could indeed sell the idea that the train wreck was the fault of our side no matter how untrue the accusation is.  I can tell you, from my experience here in Venezuela, that when times are really bad and people are suffering, they will be looking for straws to grasp. The only people who will be offering straws will be the liberal/marxist.

This may be a case of the best defense being a strong offense. By that I mean that we need to take advantage of the time between now and the train wreck to build our case that it is  liberal/Marxism that is destroying our country. We need to use the word Marxist or Marxism every chance we get to describe the policies of Obama and the liberals. We need to scare people with the threat of a Soviet style Marxist state. Am I suggesting we use demagoguery? Yes, because demagoguery will be used against us. But wouldn’t that be sinking to their level? Yes. When you are in a street fight, you had better fight like a street fighter. Folks I think we need to get out in front on this issue. If we wait until the train wreck occurs, it may be too late.

So that is what I’m thinking.  It is time to turn up the anti-Marxist heat. What do you think?