It’s Time to Step Into the Arena

It’s Time to Step Into the Arena by Michael Krieger for Liberty Blitzkrieg

There’s a passage in Teddy Roosevelt’s famous 1910 “Citizenship in a Republic” speech I want to share with you today:

If a man’s efficiency is not guided and regulated by a moral sense, then the more efficient he is the worse he is, the more dangerous to the body politic. Courage, intellect, all the masterful qualities, serve but to make a man more evil if they are merely used for that man’s own advancement, with brutal indifference to the rights of others. It speaks ill for the community if the community worships those qualities and treats their possessors as heroes regardless of whether the qualities are used rightly or wrongly. It makes no difference as to the precise way in which this sinister efficiency is shown. It makes no difference whether such a man’s force and ability betray themselves in a career of money-maker or politician, soldier or orator, journalist or popular leader. If the man works for evil, then the more successful he is the more he should be despised and condemned by all upright and far-seeing men. To judge a man merely by success is an abhorrent wrong; and if the people at large habitually so judge men, if they grow to condone wickedness because the wicked man triumphs, they show their inability to understand that in the last analysis free institutions rest upon the character of citizenship, and that by such admiration of evil they prove themselves unfit for liberty.

The above words strike me as a perfect description of the deep hole we find ourselves in presently throughout these United States of America. It takes a whole nation to screw things up as badly as we have, and boy have we ever.

Yes it took parasites, sociopathic oligarchs and a power drunk national security state to bring us to our current state of affairs, but it also took the rest of us. For far too long we as a people have been apathetic, hoodwinked spectators to the life unfolding around us. Voting for “the lesser of two evils” for decade upon decade thinking it might be different this time. Putting up with the economic game that’s been put in front of us, despite the fact that it demonstrably and systematically rewards and incentivizes predatory and destructive behavior. As a people, we have been superficial, indifferent and gleefully ignorant of reality. It’s time to change all that.

You can consider today’s post a rallying cry to step into the arena. Stepping into the arena is often portrayed as becoming involved in national politics or some other large platform action, but I see it differently. If you think the only way to have a real impact is by voting or running for Congress, you’re likely to give up and remain passive. The truth is your entire life can be repurposed to be an expression of increased kindness, wisdom and strength. It’s the most impactful long-term action most of us can have on this earth, and anyone can do it.

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Michael Krieger

As far as my academic and professional background, I attended college at Duke University where I earned a double major in Economics and Spanish. After completing my studies in 2000, I took a job at Lehman Brothers where I worked with the Oil analyst in the Equity Research Department. In 2005, I joined Sanford C. Bernstein where I served as the Commodities Analyst on the trading floor. About halfway through my time there, I started to branch out and write opinions on bigger picture “macro” topics that no one else at the firm was covering. These opinion pieces were extremely popular throughout the global investment community, and I traveled extensively providing advice to some of the largest mutual funds, pension funds and hedge funds in the world. I loved my job, but as time passed I started to educate myself about how the monetary and financial system functions and what I discovered disgusted me. I no longer felt satisfied working within the industry, and I resigned in January 2010. At that point, I started a family investment office and continued to write macro pieces on economic, social and geopolitical topics. That summer, I drove cross country for six weeks and ultimately decided to leave the crowded streets of Manhattan for the open spaces of Boulder, Colorado, where I currently reside.