Economic and Financial Thoughts and Comments
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Thursday, December 29, 2011
Saturday, December 24, 2011
Wednesday, December 21, 2011
Monday, December 5, 2011
Monday, November 28, 2011
Wednesday, November 23, 2011
Tuesday, November 22, 2011
2012 Chevy Volt
Thursday, November 10, 2011
U.S. Government Glossed Over Cancer Concerns As It Rolled Out Airport X-Ray Scanners - ProPublica
Penn State Scandal: Rumor Claims Sandusky “Pimped Out” Boys to Rich Donors - College Football - Rivals.com
Wednesday, November 9, 2011
Sunday, October 23, 2011
Saturday, October 22, 2011
Thursday, October 20, 2011
The Best Presidential Candidate No One’s Heard Of
Wednesday, October 19, 2011
Bill Clinton talks to Simon Schama
"Internet Killed The Radio Store" - Mall Vacancies Hit All Time Record | ZeroHedge
Ottawa seeks leniency for Canadians in U.S. tax hunt
Ottawa seeks leniency for Canadians in U.S. tax hunt - The Globe and Mail
Tuesday, October 18, 2011
Monday, October 17, 2011
Why daily low dose aspirin for heart attack protection should be discouraged
Saturday, October 15, 2011
Solyndra Came Close to Landing Navy Deal - WSJ.com
Is it cheaper to be a vegetarian?
Monday, October 10, 2011
Sunday, October 9, 2011
Wall Street Couldn’t Have Done It Alone
Friday, October 7, 2011
Look out for Fascist Policies....Change was Promised and is Happening
The Eight Marks of Fascist Policy | ||
After reviewing this long history, John T. Flynn proceeds to sum up with a list of eight points he considers to be the main marks of the fascist state. As I present them, I will also offer comments on the modern American central state. Point 1. The government is totalitarian because it acknowledges no restraint on its powers. This is a very telling mark. It suggests that the US political system can be described as totalitarian. This is a shocking remark that most people would reject. But they can reject this characterization only so long as they happen not to be directly ensnared in the state’s web. If they become so, they will quickly discover that there are indeed no limits to what the state can do. This can happen boarding a flight, driving around in your hometown, or having your business run afoul of some government agency. In the end, you must obey or be caged like an animal or killed. In this way, no matter how much you may believe that you are free, all of us today are but one step away from Guantanamo. As recently as the 1990s, I can recall that there were moments when Clinton seemed to suggest that there were some things that his administration could not do. Today I’m not so sure that I can recall any government official pleading the constraints of law or the constraints of reality to what can and cannot be done. No aspect of life is untouched by government intervention, and often it takes forms we do not readily see. All of healthcare is regulated, but so is every bit of our food, transportation, clothing, household products, and even private relationships. Mussolini himself put his principle this way: “All within the State, nothing outside the State, nothing against the State.” He also said: “The keystone of the Fascist doctrine is its conception of the State, of its essence, its functions, and its aims. For Fascism the State is absolute, individuals and groups relative.” I submit to you that this is the prevailing ideology in the United States today. This nation, conceived in liberty, has been kidnapped by the fascist state. Point 2. Government is a de facto dictatorship based on the leadership principle. I wouldn’t say that we truly have a dictatorship of one man in this country, but we do have a form of dictatorship of one sector of government over the entire country. The executive branch has spread so dramatically over the last century that it has become a joke to speak of checks and balances. What the kids learn in civics class has nothing to do with reality. The executive state is the state as we know it, all flowing from the White House down. The role of the courts is to enforce the will of the executive. The role of the legislature is to ratify the policy of the executive. Further, this executive is not really about the person who seems to be in charge. The president is only the veneer, and the elections are only the tribal rituals we undergo to confer some legitimacy on the institution. In reality, the nation-state lives and thrives outside any “democratic mandate.” Here we find the power to regulate all aspects of life and the wicked power to create the money necessary to fund this executive rule. As for the leadership principle, there is no greater lie in American public life than the propaganda we hear every four years about how the new president/messiah is going to usher in the great dispensation of peace, equality, liberty, and global human happiness. The idea here is that the whole of society is really shaped and controlled by a single will — a point that requires a leap of faith so vast that you have to disregard everything you know about reality to believe it. And yet people do. The hope for a messiah reached a fevered pitch with Obama’s election. The civic religion was in full-scale worship mode — of the greatest human who ever lived or ever shall live. It was a despicable display. Another lie that the American people believe is that presidential elections bring about regime change. This is sheer nonsense. The Obama state is the Bush state; the Bush state was the Clinton state; the Clinton state was the Bush state; the Bush state was the Reagan state. We can trace this back and back in time and see overlapping appointments, bureaucrats, technicians, diplomats, Fed officials, financial elites, and so on. Rotation in office occurs not because of elections but because of mortality. Point 3. Government administers a capitalist system with an immense bureaucracy. The reality of bureaucratic administration has been with us at least since the New Deal, which was modeled on the planning bureaucracy that lived in World War I. The planned economy — whether in Mussolini’s time or ours — requires bureaucracy. Bureaucracy is the heart, lungs, and veins of the planning state. And yet to regulate an economy as thoroughly as this one is today is to kill prosperity with a billion tiny cuts. This doesn’t necessarily mean economic contraction, at least not right away. But it definitely means killing off growth that would have otherwise occurred in a free market. So where is our growth? Where is the peace dividend that was supposed to come after the end of the Cold War? Where are the fruits of the amazing gains in efficiency that technology has afforded? It has been eaten by the bureaucracy that manages our every move on this earth. The voracious and insatiable monster here is called the Federal Code that calls on thousands of agencies to exercise the police power to prevent us from living free lives. It is as Bastiat said: the real cost of the state is the prosperity we do not see, the jobs that don’t exist, the technologies to which we do not have access, the businesses that do not come into existence, and the bright future that is stolen from us. The state has looted us just as surely as a robber who enters our home at night and steals all that we love. Point 4. Producers are organized into cartels in the way of syndicalism. Syndicalist is not usually how we think of our current economic structure. But remember that syndicalism means economic control by the producers. Capitalism is different. It places by virtue of market structures all control in the hands of the consumers. The only question for syndicalists, then, is which producers are going to enjoy political privilege. It might be the workers, but it can also be the largest corporations. In the case of the United States, in the last three years, we’ve seen giant banks, pharmaceutical firms, insurers, car companies, Wall Street banks and brokerage houses, and quasi-private mortgage companies enjoying vast privileges at our expense. They have all joined with the state in living a parasitical existence at our expense. This is also an expression of the syndicalist idea, and it has cost the US economy untold trillions and sustained an economic depression by preventing the postboom adjustment that markets would otherwise dictate. The government has tightened its syndicalist grip in the name of stimulus. |
Thursday, October 6, 2011
California and Bust
Tuesday, October 4, 2011
Monday, October 3, 2011
Two weeks of protests on Wall Street have spawned demonstrations across the U.S — Rick's Picks
Friday, September 30, 2011
Thursday, September 29, 2011
Triple Threats to Retirement
Wednesday, September 28, 2011
The Attack on Accidental Americans
Friday, September 23, 2011
Monday, September 19, 2011
TROJAN HORSE
Sunday, September 18, 2011
Saturday, September 17, 2011
Back off our taxpayers, Flaherty tells U.S.
Friday, September 16, 2011
TSA Creator Says Dismantle, Privatize the Agency - HUMAN EVENTS
Tuesday, September 13, 2011
New green compliant 60-watt LED bulb to cost $15
Monday, September 12, 2011
Saturday, September 10, 2011
Friday, September 9, 2011
Social Security IS a Pyramid Scheme
Tullow Shows How Big Oil Could Shake Off Its Torpor
Tuesday, September 6, 2011
Monday, September 5, 2011
Garbage In, Garbage Out | Do the Math
Saturday, September 3, 2011
Coddling Illegals
Demand for Food Stamps Remains High - Real Time Economics - WSJ
Friday, September 2, 2011
US Is Really $211 Trillion in Debt
Victory for liberty and the right to videotape public officials
Britain is a riot
Buy & hold v. market timing using moving averages
U.S. home prices by state
Thursday, September 1, 2011
Wednesday, August 31, 2011
We're Living in a Degraded Democracy - Casey Research
The Attack on Gold Escalates: NYT Columnist Wants to Stop the "Gold Bubble"
Tuesday, August 30, 2011
Nashville or Nuremburg?
Monday, August 29, 2011
Saturday, August 27, 2011
Science getting settled on Global Warming
Gold at 1,800 is a fools bet
Gold at 1,800 is a fools bet
Friday, August 26, 2011
Taken a peek at the Dollar of late?
How Low Can Gold Go on a Correction?
Thursday, August 25, 2011
Steve Jobs' three stories of what he learned.
Wednesday, August 24, 2011
Tuesday, August 23, 2011
Monday, August 22, 2011
Saturday, August 20, 2011
Friday, August 19, 2011
Janeane Garofalo....what a stupid fool
Herman Cain, a great leader, and is black, is a real alternative that needs to be considered.
He should not be attacked by Janeane Garofalo on the basis of his race.
At Joe's Cigar Bar - Managing Money
Thursday, August 18, 2011
Critics say new law makes non US Banks tax agents for the US Govt
A Few Remarks on Gold and a Chart Update | Acting Man
The Euro is Ready to Turn
Buy Gold Miners? Not So Fast, Says Barbera - Precious Metals
UnHappy Birthday, Fiat Dollar
Wednesday, August 17, 2011
Turning Japanese: SPX vs Nikkei Index
S&P Slashes US Growth Forecast, Says Current Crisis Is Worse Than 2008 As US At "Risk Of Default", Ridicules "Transitory" | ZeroHedge
Tuesday, August 16, 2011
$75 Silver Looming
Monday, August 15, 2011
Sunday, August 14, 2011
Saturday, August 13, 2011
It's the Economy, Dummkopf!
Friday, August 12, 2011
‘Not to own gold is to trust governments’
Thursday, August 11, 2011
: Ron Paul: It's Going to Be an Early Christmas for Lobbyists
Stop It B! OBAMA PAY YOUR &*%$#% BILLS - YouTube
This Guy is ticked with Obama
The Death Cross Is Back
The Death Cross Is Back | ZeroHedge
Financial Turmoil Evokes Comparison to 2008 Crisis - NYTimes.com
Financial Turmoil Evokes Comparison to 2008 Crisis - NYTimes.com
Tuesday, August 9, 2011
Limbaugh on Market Collapse: Obama Engineering the Decline of America
Limbaugh on Market Collapse: Obama Engineering the Decline of America
QE2 AND THE ENSUING DISEQUILBRIUM | PRAGMATIC CAPITALISM
QE2 AND THE ENSUING DISEQUILBRIUM | PRAGMATIC CAPITALISM
3 years ago, oil drop $100/bbl
The Message From Crude Oil
Designing Your Death Dossier
Designing Your Death Dossier - WSJ.com
Monday, August 8, 2011
'War zone' on capital's streets
'War zone' on capital's streets - Yahoo!
Market Panic: Be Brave... Buy Cheap Shares - Yahoo! UK & Ireland Finance
Market Panic: Be Brave... Buy Cheap Shares - Yahoo! UK & Ireland Finance
Saturday, August 6, 2011
Friday, August 5, 2011
A CALL TO PRAYER & FASTING FOR OUR COUNTRY: The politicians don’t have any answers
A CALL TO PRAYER & FASTING FOR OUR COUNTRY: The politicians don’t have any answers « Joel C. Rosenberg's Blog
Rise of the Mobs
Rise of the Mob: Wisconsin Fairgoers Attacked, Violently Beaten
Drunken Ben Bernanke Tells Everyone At Neighborhood Bar How Screwed U.S. Economy Really Is | The Onion - America's Finest News Source
Drunken Ben Bernanke Tells Everyone At Neighborhood Bar How Screwed U.S. Economy Really Is | The Onion - America's Finest News Source
Thursday, August 4, 2011
Wednesday, August 3, 2011
The 2011 Gold Season is Just around the Corner
Frank Talk - The 2011 Gold Season is Just around the Corner
Tuesday, August 2, 2011
Putin Calls U.S. a 'Parasite' Over Its Debt - WSJ.com
Putin Calls U.S. a 'Parasite' Over Its Debt - WSJ.com
Canada shows U.S. the way on government spending, taxes
Lorne Gunter: Canada shows U.S. the way on government spending, taxes | Full Comment | National Post
Monday, August 1, 2011
Friday, July 29, 2011
Wednesday, July 27, 2011
A Thousand Pictures Is Worth One Word - Casey Research
A Thousand Pictures Is Worth One Word - Casey Research
New High: 46% Think Most in Congress Are Corrupt - Rasmussen Reports™
New High: 46% Think Most in Congress Are Corrupt - Rasmussen Reports™
Monday, July 25, 2011
Forget the Debt Limit Negotiations: Taxes Are Already Scheduled to Increase
EconomicPolicyJournal.com: Forget the Debt Limit Negotiations: Taxes Are Already Scheduled to Increase
Oil Future may not be as Bleak as it Seems
Our Oil Future may not be as Bleak as it Seems | Oil Price.com
Friday, July 22, 2011
Default Now, or Suffer a More Expensive Crisis Later: Ron Paul - Bloomberg
Default Now, or Suffer a More Expensive Crisis Later: Ron Paul - Bloomberg
Thursday, July 21, 2011
Wednesday, July 20, 2011
A Home Is a Lousy Investment - WSJ.com
Robert Bridges: A Home Is a Lousy Investment - WSJ.com
Obama Position on the Debt Limit
The GOP was wrong then and Obama was right. Do not increase the debt!
Now today?
Tuesday, July 19, 2011
Monday, July 18, 2011
Saturday, July 16, 2011
Airport Body Scanners and Health - NYTimes.com
Airport Body Scanners and Health - NYTimes.com
Friday, July 15, 2011
Thursday, July 14, 2011
: Obama "Abruptly" Walks Out Of Debt Negotiations | zero hedge
The Petulant Teleprompter: Obama "Abruptly" Walks Out Of Debt Negotiations | zero hedge
Wednesday, July 13, 2011
Tuesday, July 12, 2011
Monday, July 11, 2011
Geithner – Keynesian economics has failed
Bruce Krasting: Geithner on TV – Keynesian economics has failed
Friday, July 8, 2011
UniCredit Stock Halted After Plunge As Fresh Wave Of Italian Fears Emerges | zero hedge
UniCredit Stock Halted After Plunge As Fresh Wave Of Italian Fears Emerges | zero hedge
Boiling frog alert: Congress wants automatic wage deductions to pay down the debt | Sovereign Man: Finance, lifestyle design, Offshore Business and Expat news
Boiling frog alert: Congress wants automatic wage deductions to pay down the debt | Sovereign Man: Finance, lifestyle design, Offshore Business and Expat news
Thursday, July 7, 2011
How to deal with Flash Mobs
How to deal with Flash Mobs | The Modern Survivalist
Wednesday, July 6, 2011
Eric Sprott - Paper Markets Are A Joke: Prepare for Bullion Prices to Go Supernova
Transocean Marianas in danger of sinking, 68 evacuated « Bud's Offshore Energy (BOE)
BOE News Flash: Transocean Marianas in danger of sinking, 68 evacuated « Bud's Offshore Energy (BOE)
The UN’s climate of desperation
The UN’s climate of desperation | NetRight Daily
Tuesday, July 5, 2011
If the Dollar Were Backed by Gold An Ounce Would be Just Under $10,000
If the Dollar Were Backed by Gold An Ounce Would be Just Under $10,000 | The Prudent Investor
Sunday, July 3, 2011
Saturday, July 2, 2011
Lindsey Piscitell got caught
- Beck Does Homework--Another LYING LIBTARD EXPOSED
- Hateful Woman? Lindsey Piscitell
- 912er
Friday, July 1, 2011
Dollar’s Share Of Global Reserves Slide, Reserve Status Questioned
Thursday, June 30, 2011
Wednesday, June 29, 2011
Tuesday, June 28, 2011
China eyes Canada oil, US's energy nest egg
Monday, June 27, 2011
What If the Consensus Is Wrong?
TSA on a 95-Year-Old Woman
Sunday, June 26, 2011
Saturday, June 25, 2011
Rep. Upton: Obama's Oil Release Leaves US Vulnerable in Emergency
IBG–YBG: Owning vs. Managing—Democracy vs. Kleptocracy
Friday, June 24, 2011
Revoke Media Matters' Tax Status
The U.S. Monetary System and Descent into Fascism An Interview with Dr. Edwin Vieira - Casey Research
Edwin Vieira, Jr., holds four degrees from Harvard: A.B. (Harvard College), A.M. and Ph.D. (Harvard Graduate School of Arts and Sciences), and J.D. (Harvard Law School).
For more than thirty years, he has practiced law, with emphasis on constitutional issues. In the Supreme Court of the United States, he successfully argued or briefed the cases leading to the landmark decisions Abood v. Detroit Board of Education, Chicago Teachers Union v. Hudson, and Communications Workers of America v. Beck, which established constitutional and statutory limitations on the uses to which labor unions, in both the private and the public sectors, may apply fees extracted from nonunion workers as a condition of their employment.
He has written numerous monographs and articles in scholarly journals, and lectured throughout the county. His most recent work on money and banking is the two-volumePieces of Eight: The Monetary Powers and Disabilities of the United States Constitution(2002), the most comprehensive study in existence of American monetary law and history viewed from a constitutional perspective.
He is also the co-author (under a nom de plume) of the political novel CRA$HMAKER: A Federal Affaire (2000), a not-so-fictional story of an engineered crash of the Federal Reserve System, and the political upheaval it causes.
His latest book is: How to Dethrone the Imperial Judiciary... and Constitutional "Homeland Security," Volume One, The Nation in Arms.
Dr. Vieira’s in-depth and excellent paper, "A Cross of Gold," as that provides a more detailed analysis on how the corrupt U.S. monetary system might transition into something more honest and effective.Thursday, June 23, 2011
Avoid copper
The U.S. Monetary System and Descent into Fascism
US Opens Reserves to Release 30M Barrels of Oil
Fed’s Bullard: “When it does blow up it will be too late”
Wait to Buy Berkshire Hathaway
Wednesday, June 22, 2011
Editorial: Who OK'd 'Guns To Gangs' Program, And Why?
Tuesday, June 21, 2011
Piracy sails from high seas to C-suite Outside the Box - MarketWatch
Raines was disgraced by his own enormous greed and lack of character. But those crimes are merely an afterthought to the real damage he brought to our economy.
Raines was instrumental in building Fannie's mortgage portfolio to gargantuan proportions. And he was responsible for the company's move into subprime loans.
Rather than lend money to homeowners, Fannie's strategy was to buy mortgages from banks, which allowed them to banks to more homeowners. Fannie Mae also guaranteed mortgage loans across the industry, which allowed more private capital to become available. The theory was this made housing more affordable. It didn't. It only allowed banks to make risk-free loans, which led to vastly higher home prices, bigger banking profits, and huge profits for Fannie Mae at least temporarily. The downside was the whole system was a charade... a giant con job. Fannie never had the capital required to guarantee the loans it bought and insured. When the bubble inevitably popped, the U.S. taxpayers ended up footing the $500 billion bill." Source: Stansberry & Associates Investment Research - June 2011
Did the government programs and Raines at Fannie Mae make housing affordable? Answer is no....it only inflated the housing costs for all people. Now people are losing their houses thanks be to the big government program. Big government and big business are for the elite; they want to control and do control the masses. But notwithstanding what they say, they hurt the small and little guys......the serfs. Nothing really changes, history repeats, but the ways are just bit different.
Piracy sails from high seas to C-suite Outside the Box - MarketWatchBarack Obama’s White House Rural Council: Central Economic Planning For America’s Heartland
Monday, June 20, 2011
Open Letter to Barack Obama
Mr. Barack Obama
President of the Executive Branch
United States Government
Washington, DC
Dear Mr. Obama:
In your recent interview with NBC News you explained that your policies would promote more private-sector job creation were it not for (as you put it) “some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank and you use an ATM, you don’t go to a bank teller, or you go to the airport and you’re using a kiosk instead of checking in at the gate.”
With respect, sir, you’re complaining about the source of our prosperity:innovation and the increases it causes in worker productivity.
With no less justification – but with no more validity – any of your predecessors might have issued complaints similar to yours. Pres. Grant, for example, might have grumbled in 1873 about “some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank that uses a modern safe and so employs fewer armed guards than before, or when you travel on trains which, compared to stage coaches, transport many more passengers using fewer workers.”
Or Pres. Nixon might have groused in 1973 about such labor-saving innovation: “You see it when you step into an automatic elevator that doesn’t require an elevator operator, or when you observe that polio vaccination keeps people alive and active without the aid of nurses and all those workers who were once usefully employed making iron-lung machines, crutches, and wheelchairs.”
Do you, Pres. Obama, really wish to suggest that the innovations you blame for thwarting your fiscal policies are “structural issues” that ought to be corrected?
Sincerely,
Donald J. Boudreaux
Professor of Economics
George Mason University
Fairfax, VA 22030