Herb Kay's S.O.S. System
  March 24, 2010
  "I'm Herb Kay and the most important thing to know about me is that I'm not going to lie to you or pull your chain. Ever. In my S.O.S. Guides, I give you, well, guidance, in a straight-talking and step-by-step way. The website offers the "advice side" of my system. Here, in my blog, I'm going to dig a little deeper and get a little grittier. That's the opinion side of my system. Will I say something that might shock you? Maybe. Will I ruffle some feathers? Perhaps. Will you close the page with some food for thought? Absolutely."

The Herb Kay Way is the straight forward, never-mince-words way. Check out Herb's latest blog on your money, your career, your debt, the economy and the world we live in.
 
When Downsizing is a Powerful Tool
Can We Address the Important Issues?
Just a Sentence or Two.....
A Dose of Reality
Getting Involved and Taking a Stand
Study Up on Your Loans
Drop Back Ten and Punt!
Who Can you Depend On?
Some Sobering News About the Economy
Grab a Beer and Take the Slide Home......
Another Loophole, Another Lesson
What is Your Core Conversation?
Loyalty and Leadership
The Argument for Being a Grownup
The 'Business' of Complaints
Electricity in the Air......
Taking a Hard Look at the Figures
A Public Life
My "Advice" to You
Perspective vs. History
Worried Sick!
It's About the Kids!
Gooooooooaaaallll?
Where Will the Money Come From?
Immigration Arguments: Debunked!
Blame Policy, Not Banks
Happy Birthday America!
Crony Capitalism
G8/20 and What That Means For You!
Our Economy and the Free Market
Building a Bubble?
"Fixing" Our Problems
The $20 Billion SNAFU
A Screaming Deal!
Action Breeds Success!
It's Going to Take Some Effort!
Getting Our Lives Back
For Better or Worse......... I Prefer Better
The Pressure to be President.......
This Great Nation......
Financial Reform - Ha...what a joke!
Municipal Bonds are a thing of the Past!
Feeling Good!
Moving Forward
The Signs Are All Around Us
It's a Grim Diagnosis
Oh, the Pressure.....
The Big Fat Greek Fallout
It's Getting Ugly......
Perfection is a Myth
Be Different
Moving on While Moving Ahead
An Immigration Abomination
I've Got a Question.......
Logic vs. The Logistics of Inflation
The Free Market - Greed at its Very Best
Informed on Inflation
Don't Fix What Isn't Broken
Harnessing Energy - The Herb Kay Way
Staying Ahead of the Curve
What Trade Deficit?
Greek to Me
There's a Bridge in Brooklyn......
Problems That Don't Exist
Don't Invest in Mediocrity
The Fed's Mutually Exclusive Roles
Deadly Serious
Election Year Scapegoats
"Willfully Insane"
Balancing your Beliefs - How Our Political Convictions Influence the Debate Over the Economy
Let's Reward the Renters
Don't Plug the Hole.......Replace the Bucket!
Europe's Safety Net
The Collapse of the System
Apple Makes a Lemon
Pot, Capitalism & The Free Market
Who is Your Banker?
Real Estate? Now is NOT the Time!
Grading on a Curve
When the Inflation Stars Align
When Foolishness Goes International....
The Recovery?
The Competitive Advantage of Reaganomics
What Wednesday Brings.....
Stopping The Addiction
Signing On The Dotted Line
Be Optimistic - Not Foolish
The Real Story
Selling Your House (and your credit) Short!
The Entitlement State
It's Anyone's Guess
Ask, And You Just Might Receive
Crazy Like A Fox!
It's Only Tuesday!
Spending Some Time - Cutting Spending
There's No Such Thing As Easy Money!
What Exactly is Responsible Borrowing?
Just Bite The Bullet
With Change Comes Turmoil
Q & A......The Herb Kay Way!
Wanna Bet? Gamble on Inflation!
A Lesson on Education
Two Different Beasts: Why Price Does Not Equal Wealth
For this Party - Three's a Crowd
Good Luck With All of That!
Dear Mr. Bank President:
It's Not That Simple
Raising the Stakes
State of The Union: The Herb Kay Way!
Capital Gains - Your Pains!
Cooking the Books
What's in a Name?
Questionable Choices: Healthcare Reform
And the Person of the Year Is......
A History Lesson
Goverment's Stimulus Fairytale
Let's Hope I'm Wrong
Fake Money = Real Problems
Collectors Lie
35 Million Americans Can't Be Wrong
Simple Truths, Simple Lies
Lending and The Federal Reserve: Why Making Banks Rich Again Will be Bad for the Economy
Are You Health Care Aware?
Have Good Credit? With New Legislation in the Works, the Question is, Who Cares?
Healthcare and the President
Tips for Choosing a Bank and the Right Bank Account
 
The Collapse of the System
 

This is how really stupid things get done in history.  You know what I mean, things that when you read about them in history books you wonder how anyone at the time could have been so dense. For example, regardless of their cause, how did the South ever think that they could defeat a Northern Army that outnumbered them 5 to 1 and had virtually all the industrial might on the continent when they were an agrarian society?  Didn't anyone read history at that time and understand that, in the end, numbers and factories are all that matter in war and not generals? I guess not, as the Japanese made the same stupid error in attacking Pearl Harbor, less than 100 years later.  WWII was over before it ever really began, once America with its population and factories got involved.  The rest of the drama was a foregone conclusion.  And how did Congress ever pass the Smoot-Hawley Tariff Act, charging huge penalties on imports and thereby touching off a trade war and guaranteeing the Great Depression?  Wasn't there plenty of historical and common sense evidence that this was a bad idea?  Sure there was, but it was ignored in the politics of the moment.

And now we come to what is going to be the worst mistake that our country has made since the Civil War, Obamacare.  No, I am not speaking in hyperbole.  It is the worst mistake, economically, and for our entire culture that we have ever made.  Ever.  It will inevitably lead to higher taxes as government controlled healthcare has in EVERY country that has ever adopted it, fewer choices, and lots of rationing.  There are only two ways to control prices after all, consumer choice or rationing.  There is no third way.  We are about to choose rationing no matter how you dress it up.  But that is only part of the error.

By enacting Obamacare we are going ensure the ultimate collapse of our entire economic system and maybe our entire way of life as a result.  Government debt is already at a level that is not sustainable.  Medicare and Social Security alone have unfunded (meaning we have no idea how to pay for them) existing obligations to recipients of nearly $100 trillion.  We cannot tax enough or borrow enough to cover this obligation.  There is not that much money in the world, literally, so our only choice is going to be to just print it up.  This will destroy the value which rests entirely on perception, as there is nothing else behind it and, here is the important point to remember, money is the glue of society.  If the public loses confidence in the currency, then all work and savings are rendered moot and the society comes totally unhinged. That's what happens when things come unglued.  People seek a savior and it is not always a Lincoln.  History has an intoxicating allure to dictators.

Does this sound hysterical?  It's not; it is just taking what we are doing to a logical conclusion as opposed to just saying "We will figure something out".  If you can think of a logical alternative to what I am saying, not just hope, send it in and I will post it.  I am confident that you won't.