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03.12.10- Calling All Rebels
There are no constraints left to halt America's slide into a totalitarian capitalism. Electoral politics are a sham. The media have been debased and defanged by corporate owners. The working class has been impoverished and is now being plunged into profound despair. The legal system has been corrupted to serve corporate interests. Popular institutions, from labor unions to political parties, have been destroyed or emasculated by corporate power. And any form of protest, no matter how tepid, is blocked by an internal security apparatus that is starting to rival that of the East German secret police. The mounting anger and hatred, coursing through the bloodstream of the body politic, make violence and counter-violence inevitable. Brace yourself. The American empire is over. And the descent is going to be horrifying. Read More 03.11.10- What's Our Credit Limit Again?
This last month we posted a record $220.9 billion budget deficit. We took in $107 billion but spent $328 billion. Isn't that special. We only funded 32% of expenditures? Remember - entitlements were half of that $328 billion. So let's see if we can do the math here. Read More 03.10.10- Interview with Judge Andrew Napolitano at CPAC 2010
03.09.10- Statism is Dead
03.08.10- Goldman Sucks
03.06.10- Protecting Profits from The Apparent Recovery
"Deal Near on Banking Rules" Wall Street Journal, 3/2/10 "As Rolfe Winkler noted last September: For the big have gotten even bigger since the start of the financial crisis. At the end of 2007, the Big Four banks - Citigroup, JPMorgan Chase, Bank of America and Wells Fargo - held 32 percent of all deposits in FDIC-insured institutions. As of June 30th, it was 39 percent. Read More
03.05.10- One of the greatest Saturday Night Live commercials ever
An old Saturday Night Live commercial that shows what Wall Street presentations would be like if you were told their real motives. 03.04.10- No Golden Fleece and No Silver Bullets
In 1940 the United States Treasury held 19,543 tonnes of gold in its Treasury, 183,514 tonnes of silver (1942) in its strategic stockpile and had a population of 132,164,569 people. It had therefore 4.753oz of gold and 44.641oz of silver per person. Read More 03.03.10- Inflation: The Economic Factor that Never Stops
I am also a guy who thinks that inflation in prices is the Thing Most Feared (TMF) in the whole world in terms of total sheer misery and suffering, judging by the entire last 4,500 years of history, except for, maybe, the plague. Read More 03.02.10- Power Elite Losing America?
CNN Poll: Majority says government a threat to citizens' rights ... A majority of Americans think the federal government poses a threat to rights of Americans, according to a new national poll. Fifty-six percent of people questioned in a CNN/Opinion Research Corporation survey released Friday say they think the federal government's become so large and powerful that it poses an immediate threat to the rights and freedoms of ordinary citizens. Forty-four percent of those polled disagree. The survey indicates a partisan divide on the question: only 37 percent of Democrats, 63 percent of Independents and nearly 7 in 10 Republicans say the federal government poses a threat to the rights of Americans. – CNN Read More 03.01.10- Greece, Gold and Financial Terrorism
02.27.10- Economics and the Health Care Debate
Copyright © 1996-009
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50% of the federal budget right now goes to entitlements.
"Senators Outline Plan to Create New Consumer-Protection Unit Within The Fed."
The U.S. is no doubt still a very powerful nation. At the same time however it is facing a challenging set of economic headwinds which threaten to lead to a chaotic unwinding of the financial system not only within the nation but also worldwide. There are many angles from which to examine this erosion. In this brief essay it is my intention to briefly focus on the demise of the U.S.'s financial position by comparing the gold and silver holdings of the USA between 1940 and 2010. The comparisons are startling as they are devastating.
I
am a guy who thinks that such huge explosions in money supplies around the
world and the explosions in government deficit-spending around the world will
lead to catastrophic explosions in inflation in prices, probably around the
world.
The complex market system that allows more than six billion earthlings to feed and clothe themselves is called capitalism. It is a system that produces unequal results. But if you take away capitalism the number of human beings on the planet will go into decline. In other words, people will starve to death. Without economic inequality there is no economic vitality, and no six billion people. Wherever capitalism is chastised and the government attempts to equalize or regulate economic outcomes, productive activity is discouraged; whether it is about growing food, making medicine, or building a better mousetrap. Take the following examples: Force fishermen to take government inspectors onto their boats, and you get less fish. Pass legislation to protect spotted owls in the Pacific Northwest, and you get less timber. Eliminate prosperous farmers in favor of poor farmers, and food production will go into decline. Make health care a political right under a government program, and many doctors will give up medicine altogether. 
