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Hotel California or the Hotel Marriner Eccles

by Gary Christenson, GoldSeek:

In 1977 the Eagles spoke to us about “Hotel California.” Lyrics are here.

A few lines from the song …

“On a dark desert highway, cool wind in my hair…

Up ahead in the distance I saw a shimmering light…

Then I was thinking to myself this could be Heaven or this could be Hell…

Welcome to the Hotel California…

Some dance to remember, some dance to forget…

Welcome to the Hotel California…

Some dance to remember, some dance to forget…

They’re living it up at the Hotel California…

We are all just prisoners here of our own device…

hey stab it with their steely knives but they just can’t kill the beast…

Relax, said the night man, We are programmed to receive,

You can check out any time you like but you can never leave.”

The lyrics remind me of the Federal Reserve. Call it the “Hotel Marriner Eccles.”

The above lines have been modified for the hypothetical “Hotel Marriner Eccles:”

“On a dark digital highway, QE rewarding my pals…

Up ahead in the distance I saw a burning pyre of debt…

I was thinking to myself this should be Heaven but it’s actually Hell…

Welcome to the Hotel Marriner Eccles…

Some pontificate to remember, some lie to forget…

They’re living it up at the Hotel Marriner Eccles…

We are all just prisoners here of our own device…

They stab it with econometric models and they poke the people’s lives…

Relax, said the chairman. We are programmed to receive.

You can check out any time you like but you can never leave.”

US national debt in 1913 was $3 billion, today it is over $19,000 billion. There is no plan to reduce or eliminate debt …
Money supply has grown similarly. Debt has grown far more rapidly than the economy which must support the debt. Not viable in the long run….

Read More @ GoldSeek.com

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