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Posted March 09, 2021

Byron King

By Byron King

As Dr. Suess Is Canceled, Congress Kills the Dollar

Now! Now! Have no fear. Have no fear! said the cat.

My tricks are not bad, said the Cat in the Hat.

Some beg to differ with Mr. Cat in the Hat. Indeed, his tricks are not only bad; they may pose a clear and present danger to the Republic.

Cat in the Hat

WANTED: Dead or Alive. Preferably Dead.1

Of course, were discussing a fictional feline created in 1957 by the long-deceased writer Theodor Seuss Geisel (1904-1991), aka Dr. Suess. He wrote books to promote childhood literacy in this case, using the idea of a talking cat who spoke in simple phonetic words.

In retrospect, its clear that Dr. Suess embedded offensive subtexts in his oeuvre. Its so evident that President Biden (his handlers, actually; see below) recently removed all reference to Dr. Seuss from the annual White House proclamation declaring Read Across America Day.

Per the New York Post, There are alleged racial undertones in the classic, whimsical tales for children.2

On my end, I havent looked at a Dr. Suess book in nearly 20 years, since those long-ago days when my children were toddlers learning to read. Until recently, Dr. Suess, and his cats and hats were distant memories.

But now Dr. Suess is back. The prevailing American cancel culture wants to purge his books, over 600 million of which have been published worldwide. Naturally, the book banners/burners will begin with just some of them.3

Meanwhile, modern high priests of Americas cancel culture also seek to skin Mr. Potato-Head.4 In this case, its due to blatant gender cis-normativity of the toy tuber.

Theyre also gunning for Pepe LePew, that French-Canadian cartoon skunk of childhood Saturday morning television fame.5

Under modern scrutiny, LePew is naught but a francophone Quebecois misogynist reeking of amorous excess.

In this respect, LePew now joins the ranks of another North Woods target of cancel culture, New York Gov. Andrew Cuomo whose stock is falling like a stone.

So what gives here? Why beat up on comic book cartoon figures, if not Gov. Cuomo? Why now?

Spoiler alert: its called deflection.

That is while people fixate on the erasure of sturdy old childrens characters like cats, potatoes and skunks, an unrestrained Congress has used the Covid pandemic as an excuse to pick the public pocket and advance the wreck of the dollar.

Ah yes Wreck the dollar. Now, we have your attention, oui?

Lets dig in

First, a few more words on cancel culture. Its dangerous. Dont underestimate the power of book banning to reshape society, let alone to destroy it.

Even an advanced society can follow a dark, rocky pathway described decades ago by German theologian Martin Niemller (1892-1984):

ALTTAG

Niemller quote, courtesy of U.S. Holocaust Museum.6

Along these lines in yesterdays Whiskey email, my colleague Marty Robinson dropped a 1,000-pound truth-bomb right down the smokestack of cancel culture.

In case you missed it, Marty wrote that it might be easy to laugh at what the current crop of ideologue cancel-creatures are doing. But getting rid of Dr. Suess isnt really about just Dr. Suess or his books.

No, The lefts war on the past, on long-dead authors like (Dr. Suess) and on Americas founding fathers whose statues theyve been tearing down, isnt really about the past, its about the future. Its about who gets to rule and under what terms.

Right now, those new cultural and political rules and terms are coming at us in a full court press by the recently empowered Biden administration.

More accurately, the policy Niagara is coming via Bidens handlers. Biden himself gives every indication of being out of touch. Heck, just yesterday, he failed to recall the name of that guy who runs that outfit over there, referring to the Secretary of Defense who runs Pentagon.7

So perhaps Biden isnt exactly sharp as a tack, eh?

Well, immediately behind him stands a cabal of committed, disciplined Leftists. And yes, they have a plan. Indeed, theyre jamming it down the national throat. Its the shock and awe administration which I discussed several months ago.

Within days of taking office, Bidens handlers began the process of seeding the government with thousands of new, reliable members of the Progressive Left. Some were familiar old names and some are new to the jobs.

But one way or another, all of these recent hires know exactly whats expected of them, which is to do their bit to transform American government and, by extension, the country.

In federal buildings across the land, Progressive-Left policymaking is bold to the point of shameless. The Biden administration is force-feeding all manner of faculty lounge bromides into executive orders, regulations and law without even a pretense of bipartisanship.

All this, while at the legislative level were subject to the tyranny of a slim Democrat majority just five votes in the House coupled with a tied Senate that tilts Progressive via that all-important Vice-Presidential vote.

Meanwhile, last weekend, Congress passed two versions of a long-awaited Covid relief bill. In this case, the round number, top line spend is about $1.9 trillion, or approximately 10% of U.S. gross domestic product.

Each version of the bill is over 600 pages long. So in the immortal words of Washington insiders, well just have to pass the bill to see whats in it.

Under a generous interpretation, about $500 billion is for actual Covid relief. The other $1.4 trillion is political payola.

In this respect, the bill will no doubt pump cash into Main Street, U.S.A. and boost the near-term economic prospects of tens of millions of households. Stand by for strong sales at Walmart, Target and other large-scale retailers.

Theres provision for up to $1,400 for every adult and child in the country, depending on household income. Thats down from the promised $2,000 that helped two Democrats win Senate seats in Georgia in January. But it will pay some rent and utilities, buy groceries, etc.

Plus, theres a one-year tax credit of up to $3,600 per child under 6 years old; and $3,000 per child aged 7-17. This is among the most ambitious efforts ever to alleviate childhood poverty in America via transfer payments.

Well see how it plays out. But consider all of this a first year down payment on the idea of universal basic income, in which the government supports everyone via monthly payouts. Its the end of work as we know it.

Theres also supplemental unemployment comp of $300 per week in the big spending bills, paid though early September. This alone will definitely mean quite a bit to people still not back in the workforce. Plus tax relief for up to $10,200 in unemployment comp paid out in 2020.

Finally, add in over $100 billion for medical-related expenses such as vaccines, other medical products, various medical treatment programs and the like. (Mostly China-care, though).

One item that failed to pass is an increase in the federal minimum wage from the current $7.25 per hour up to a proposed $15. Quite a few Democrat senators voted against that, which is odd considering its grass-roots popularity. Its a Chamber of Commerce thing.

This brings us to the vast balance of the bill, $1.4 trillion of state, county and city bailouts, along with massive payoffs to so-called education and gob-smacking levels of relief for mismanaged public pension funds.

Much of the spending, in fact, is programmed to pay out over the next six years, which takes the matter far beyond immediate Covid relief.

And how will this all be paid for? Well, there are insufficient tax receipts to cover the outlays. So itll have to come from the Federal Reserve, via the Treasury Department. I discussed this process before.

And indeed, its fair to say that the country is burning the furniture to stay warm. For all the money being obligated in this new law from Congress, none appears to be earmarked for anything but transfer payments, along with bureaucratic and pension bailouts.

The spending bill is nothing like an infrastructure program, with funds going for concrete, steel, machinery, labor and the like. What we see here is the federal government harnessing the Fed and our national currency to transform the economy into a consumption system thats not rooted in fundamental productive efforts.

In other words, if youre here and under a certain income, you get a government check. If you have kids, they get government checks. If youre a state, county or local government, you get a check. If youre an underfunded pension, you get a check.

But lets revisit the very idea of the meaning of money, which is a store of past effort and wealth. Ive discussed it here.

Congress is engaged in a massive disconnect between the idea of money and wealth creation, versus the fundamental need for basic productive activity.

The prevailing philosophy here is that somehow or another, something called wealth is created by the Fed issuing mere money supply. And then its distributed by the Treasury department, which transfer funds into bank accounts across the land.

But all Congress is really doing is cooking up a recipe for inflation. Take massively increased money supply. Send it out across the land. Then let people spend it and put whats called velocity into that cash and voila, inflation.

Handing out cash can certainly tide people over during a tough time. But the only way to sustain it is with real, productive effort. Otherwise, its just a monetary illusion.

Indeed, theres more than illusion going on here; its delusion. And its based on the dollar being the worlds so-called reserve currency, which I discussed here.

And here.

Weve really reached the culmination of craziness.

The top-level political bosses of the country subscribe to the idea of endless spending and constantly increasing debt. So far, for many years, the consequences have been minimal because the rest of the world kept playing the game, sending ships laden with real goods in exchange for mere dollars, which they reinvested in U.S. Treasuries.

But its all coming to an end for a long list of reasons. And spending $1.9 trillion dollars that the country doesnt have will only accelerate the process.

Day by day, week by week, Congress is killing off the dollar. When it finally dies, we will see a monetary-government-social-cultural train wreck to end all train wrecks. Will the U.S. even survive as a nation? Weve discussed it before.

Ill finish where we began with another line from The Cat in the Hat, which seems to fit the times:

And this mess is so big,

And so deep and so tall,

We cannot pick it up.

There is no way at all!

On that note, I rest my case.

Thats all for now Thank you for subscribing and reading.

Best wishes,

Byron King

Byron King

Managing Editor, Whiskey & Gunpowder

WhiskeyAndGunpowderFeedback@StPaulResearch.com

P.S. Feel free to forward Whiskey & Gunpowder to friends, family and colleagues. If you received this article from someone and would like to subscribe, click here. Thank you.

1 The Cat In the Hat

2 Biden Removes Mention of Dr. Seuss From Read Across America Day, New York Post

3 Lets Not Cancel Dr. Seuss, Pittsburgh Gazette

4 Dont be a Hater of Ungendered tater. Kids Dont Care if Hasbro Potato Head is Mr., Mrs. or They, Baltimore Sun

5 And Then They Came to Cancel Pepe Le Pew, PJ Media

6 First They Came for the Socialists, U.S. Holocaust Memorial Museum

7 Biden Seems to Forget Defense Secretarys Name, Calls Him the Guy Who Runs That Outfit, New York Post

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