By Jeff Harris
One of the oldest stories in human history is encapsulated in the Rumpelstiltskin fairy tale made famous when it was included by two German brothers named Grimm in their “Grimm’s Fairy Tales” children’s book first published in 1812. The original story is thought to be over 4,000 years old and remains relevant today because it fascinates the human brain to imagine it’s actually possible to create enormous wealth without the bother of hard work, sacrifice and self-discipline.
As you’ll recall the gist of the Rumpelstiltskin story has to do with a mysterious little man who comes to the aid of a beautiful grain miller’s daughter by spinning straw into Gold at the Kings command. The age old “something for nothing” meme never loses its appeal for greedy humans.
But the Rumpelstiltskin story is not alone in man’s eternal quest for “something for nothing”. The earliest known mention of the Philosopher’s Stone was in an ancient book known as the Cheirokmeta circa 300 AD. You may recall from your high school history that the Philosophers Stone was a mystical potion that supposedly enabled Wizards and Mystics to transmute base metals like lead and mercury into pure gold!
These ancient Con Artists understood human nature. They knew greedy men wanted to believe in their alleged powers. The “Wizards” used sleight of hand tricks to “prove” to their gullible audience that with their magic Philosopher Stone they had the power to turn lead or mercury into Gold! They would offer to sell their secret knowledge for large sums to greedy men who desperately wanted to believe.
Once the Wizards had been paid they slipped away quietly leaving their marks with vials of mercury, small boxes of lead, and worthless “Philosophers Stones”. Ironically, they had indeed acquired wealth from practically nothing using lies, deceit and their victim’s greed for “something for nothing.”
Evil men have long known that the human desire for “something for nothing” is a powerful tool that when properly harnessed can make them indescribably rich! Jerome Powell, chairman of the Federal Reserve is our modern day Rumpelstiltskin. Jerry and his minions are busy beavers working hard to maintain the aura of their alleged magic power to thwart economic law. They claim they have the ability, like the Wizards of old, to create massive wealth from nothing.
And for a while it may appear they are indeed Wizards because their conjuring seems to work. Their modern day Philosophers Stone is debt. With enough debt financing you don’t need to produce anything to enjoy a wealthy lifestyle.
But sooner or later the house of cards they’ve created with virtually unlimited money printing, money for nothing, will prove disastrous. And from a variety of indicators the collapse may be coming sooner rather than later. And that’s why they strenuously resist an audit that would expose them for what they are, Con Artists just like the ancient wizards of old.