A Balanced Budget? Ha! What A Crock!
By Silver Shield
I made a call earlier this year that the debt ceiling would be raised after a Contrived Drama plays out in Washington. I became even more emphatic in April when I said that you can “Count On It!” The reason for my bold assertion is because I know that our debt based monetary system MUST have a constant expansion of debt in order to function. Our money IS debt and they are on in the same. Debt needs to be increased every year in excess of the debt AND interest accrued the year before or we would face a catastrophic deflationary crash. And since bankers profit from creating debt/money and politicians gain control from spending money/debt,they will not end this game willingly. They will put on a huge act to reign in our expectations,but this head fake will only result in a higher debt ceiling and QE3.
PermalinkBeyond ForeclosureGate - It Gets Uglier
Michael Collins
The ForeclosureGate scandal poses a threat to Wall Street, the big banks, and the political establishment. If the public ever gets a complete picture of the personal, financial, and legal assault on citizens at their most vulnerable, the outrage will be endless. (Image)
Foreclosure practices lift the veil on a broader set of interlocking efforts to exploit those hardest hit by the endless economic hard times, citizens who become financially desperate due medical conditions. A 2007 study found that medical expenses or income losses related to medical crises among bankruptcy filers or family members triggered 62% of bankruptcies. There is no underground conspiracy. The facts are in plain sight.
How and Why The Elite Destroyed 3 Tons of Silver Last Week
By Silver Shield
I wrote a month ago in an article called Silver Bullet and the Silver Shield, that silver is a vital commodity to our way of life. I stated that silver is a precious metal that is being trashed as an industrial metal. As a result, it is within years of becoming the first metal to become extinct according to the USGS. At some point the shortage is going to become so obvious, that people are going to rush to turn in their depreciating dollars for real silver money. That is just the monetary demand of silver, the industrial and strategic demand is another huge factor we should consider.
Corporations are going to secure stockpiles of this precious commodity so as not to cause any supply disruptions in their billion dollar a year operation. Take for example the $300+ billion Apple Computer. Apple Computer’s market cap rests upon the increased sales and production of computers. If every one of their $1,500 computers has a 1/10th of an ounce of silver in it, they will spare no expense to secure silver when it becomes hard to get.
A Storm is a Comin’
By Professor X
After all of my years of life and my decades long study of economic systems, social systems, financial systems, and political systems, I have concluded the they are all based on one primary false assumption. The false assumption that we can always depend on an infinite supply of earthly resources. The world is like a fish tank with 6 billion inhabitants and the water is getting murkier by the year if not month.
When the “Infinite Supply Paradigm” smashes into the “Finite Resource Reality”, it will be a sustained collision of epic proportions! One that mother earth herself (and ALL of her incredible biodiversity) will be in grave danger of contamination so severe it could take hundreds if not thousands of years for her to cleanse herself. Yes, if we managed our worldwide resources with an eye toward a healthy state of equilibrium things could definitely be much more sustainable, but from my observations, that is not going to happen any time soon.
Idiot or Evil Genius?
By Silver Shield
Back when I was a thoroughly indoctrinated Fox News Junkie, I was constantly confronted by people calling George W. Bush either a complete idiot or and evil genius. GWB was either a drooling buffoon who was incapable of doing the simplest of tasks or he was a third generation Fascist genius, who was hell bent on systematically destroying the American Republic. Being a kool-aide drinker myself, I just didn’t get why people didn’t see him as a warm, caring, strong, and patriotic president. This is what ultimately led me to ask a deeper question, how is it possible that one guy could be seen by so many people, in so many different ways?
Fast forward to the 2008 presidential election. Barack Obama (I love how his name still comes up as a misspelling) comes on the scene and the same thing happens again, only in reverse. Now Obama is either a complete idiot or an evil genius. He’s either an empty suit that cannot put two words together without his teleprompter or an evil communist bastard who’s plotting to destroy the America Republic. And yet to the average Obama supporter, they just don’t get why people don’t see him as a young, charismatic, intelligent and motivating president. Again, how is it possible that one guy can be seen by so many people in so many different ways?
Whom Does the State Represent?
By Numerian
“Where are Margaret Thatcher and Ronald Reagan when you need them?” So lamented CNBC business commentator Larry Kudlow yesterday in response to riots in Greece over proposed financial cutbacks. Greek protesters, numbering over 10,000, shut down commerce, took over the Acropolis – Athens’ ancient birthplace of democracy - and firebombed office buildings and police stations. Three employees died of smoke inhalation in a fire at a bank – the first deaths in a Greek protest since 1991.
Kudlow asserted that these riots were the work of the unions, and what Greece needed was a tough guy in the mold of Thatcher or Reagan who would stand up to the unions. Public sector unions are certainly at the forefront in organizing these protests, but Greek authorities say that the violence is being perpetrated by “anarchists” – youth in their 20s who show up at a protest scene dressed all in black, with black hoods or masks, and who then begin to throw stones at the police and Molotov cocktails at bank buildings.
Understanding Supply Side Capitalism
Part #2 of Understanding Capitalism and Socialism (Part 1)
by Joaquin posted by Michael Collins
Now that Republicans are starting to talk about restoring Reaganomics, it is a good time to review Reaganomics; i.e., Supply Side Capitalism. This is number two of my technical essays about how the world works. Today we will explore how supply side economics will save the world. So let's get to it.
Supply side economics became so powerful that it was renamed Reaganomics in honor of the president and WW II movie hero. Reaganomics helped poor Americans understand what rich people have been telling us since the Middle Ages i.e., Robin Hood was doing it wrong.
Some people call Reaganomics "Trickle Down theory". Its kind of like when I went to college; most of the students studied hard to get in to our college and were from middle class families like me, but this one guy got in because his parents bought a new building for the school.
Yemen On, Lather, Rinse, Repeat Cycle
By Ahsan at the Five Rupees Blog
The security-policymaking community in the U.S. works in very predictable ways. Any time a country no one in the U.S. is really familiar with comes up in the news due to some plausible connection to organized terrorism, the following things happen:
1. There is indignation and disgust directed at the government du jour. Government du jour, you see, has been concentrating on Country X With Lots Of Brown People for the longest time, but what it has missed is that Country Y -- which, incidentally, also has Lots Of Brown People -- is also crucial to the war on terrorism.
2. People who have no idea about Country Y With Lots Of Brown People suddenly feel the need to opine on it. This, by the way, is the most entertaining step -- as long as you're not from Country Y With Lots Of Brown People. Nothing is funnier than watching an entire industry of pundits, writers, op-edders, think tankers, cable news invitees, foreign policy "experts" and bloggers pretend to know what the fuck they're talking about.
Of course, if you happen to be from Country Y With Lots Of Brown People, you begin to get worried, because any time the American punditocracy starts talking about you, only bad things happen. This is why I cried myself hoarse during the Pakistan hysteria in the middle of last year, and why I am thoroughly enjoying the Yemen hysteria now.
XML Feeds
