The State of the Union: Just Another Reality Show
by Charles Goyette: The
Three Biggest Lies the Government Is Telling You
It looks just
like a reality show that’s not going to be renewed for another season.
President Obama’s State of the Union ratings are headed in the same
direction as American Idol’s so far this season – down.
Let me make
a secret confession right here. For years, the producer of my radio
talk show and I would draw straws each January to see who would
"have the high privilege and distinct honor" of watching
the president’s State of the Union address.
Do I have to
clarify that the loser had to watch?
In case the
president said something important – which almost never happened
– I felt an obligation to play some audio clips and talk about it
on the show the next morning. But, personally, watching Republican
and Democrat presidents recite their laundry list of promised giveaways
for the year ahead was more than I could bear.
I learned early
on that I could avoid all of the ovations and applause, save time,
and still capture what substance there might have been in a written
paragraph or two. Soon, I’ll give you such a written account, a
perennial synopsis that will allow you to watch something else –
like American Idol – and still have a handle on what the president
And you might
even have time left over to keep an eye on the real news.
The State of
the Union is treated with utmost seriousness by the dominant news
media. All four major TV networks and the cable news channels carry
the event. My local newspaper devoted most of the front page and
big chunks of the inside pages to its coverage: photos, accounts,
sidebars, response, and analysis.
But it’s actually
a spectacle that crowds out the real news. News about the impact
American diplomacy is having on our future standard of living. News
about the U.S. dollar’s reserve status winding down.
On the day
of the State of the Union address, news flashed around the world
– but not on your favorite network or in your morning paper – that
India and Iran have agreed to end-run the U.S.-imposed sanctions
They will use
gold to do so.
which have now been agreed to by the European Union as well, will
ratchet up in July. Their enforcement means that banks and financial
institutions involved in oil transactions with Iran will be barred
from doing any business with financial institutions in the United
States and Europe.
a news source based in Israel, Iran has taken steps to bypass American
and European banks and their currency desks altogether, agreeing
instead to sell its oil to India for gold. China is expected to
soon agree to use gold in buying oil from Iran as well. It’s a move
that would leave the long-standing global dollar pricing of petroleum
agreement means three things:
- It hastens
the unwinding of the U.S. dollar’s global reserve currency status.
of the world is actively developing alternatives to the U.S. dollar.
Although it will mean a falling standard of living for the American
people, U.S. policies and secretaries of state, like Condoleezza
Rice and Hillary Clinton, have spurred what will become a stampede
away from the dollar. DEBKAfile also reports that both China and
Russia have secret mechanisms already in place to pay Iran in
non-dollar currencies for its oil. And only a month ago, China
and Japan, the world’s second- and third-largest economies, agreed
to develop direct yen/yuan trading, forgoing the dollar as the
reserve currency intermediary.
- It accelerates
the global monetization of gold.
and India have been aggressively adding to their gold reserves.
Other countries are following suit. The Keynesians, who have been
in charge of American monetary policy, having destroyed the value
of the dollar and enabled our ruinous debt, may actually believe
that gold is a "barbarous relic." But it is clear that
their opinions have little functional value in the real world.
The world is turning to gold more and more as U.S. debt continues
to mount. Indeed, is there a better alternative monetary unit
to be found? Certainly, it’s not the euro. Jim Grant of Grant’s
Interest Rate Observer says gold is the only answer to the
question, "if not the dollar, then what?"
- It reveals
the growing global impotence of the U.S.
to enforce reluctant countries to adhere in its missions and embargoes
around the world, the U.S. is finding its will frustrated. Nations
that once had to weigh the favor of the U.S. against their own
commercial and domestic political interests are increasingly ignoring
the global dictates of the U.S. State Department. In 2003, Turkey,
where the prospect of a U.S. invasion of Iraq was wildly unpopular,
refused even bribes to allow the U.S. to stage the invasion from
its soil. Today, the threat of a U.S. or Israeli strike on Iran
is meeting with growing disapproval, especially from countries
like China and India rely heavily on Iranian oil.
It may be that
the State of the Union’s falling ratings – Obama’s speech the other
night was down 12 percent from the year before, and was down 21
percent from 2010 – are a sign that people in large numbers have
discovered there are better sources of important news than network
television and Washington’s lapdog press.
Or, even better,
maybe they’ve had about enough of the Washington party.
Or, maybe it’s
simply because it’s all so routine, so tired, so repetitive. Even
American Idol, entering its 11th season, has more surprises
than the State of the Union. Consider:
clearly doesn’t understand anything about markets, offered to have
the government interfere with the real estate market in brand new
ways in 2012. What could be more predictable than some president
announcing a scheme to screw up the real estate market again in
the new year?
It’s so routine.
So tired. So repetitive.
And while the
contestants on American Idol are fresh every year, the promises
that make up the State of the Union are just reruns, season after
Now, if you’d
like to be free to pay attention to the real news that actually
affects your freedom and prosperity, let me provide you the following
short, beginning-to-end account of this year’s State of the Union.
You’ll be able to refer to it year after year, so that while you’ll
still be informed about the president’s address, you can skip the
show and save yourself time.
Time to follow
the real news. Or to watch American Idol.
you so much. Thank you very much. Thank you. Thank you."
agreed to do something for (to?) homeowners. He also has decided
to help teachers. And students. And women. Workers, too. The president
wants to help workers, for sure. And jobs galore. The president
is all about creating jobs in 2012. And more jobs in energy. Oh,
they’ll be clean ones for sure!
going to reform regulations so that regulators will be able to regulate
better. And he wants to get a handle on the bureaucracy. And he
wants to reform education. And both make government more effective
and still grow the economy. Did he forget men and women in uniform?
The president most certainly did not!
you, God bless you, and may God bless the United States of America."
© 2012 Charles Goyette
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