Commentary: Tyranny of the minority has no place in America
fine, let us get on with this debate, "a crisis is a terrible thing to waste", right? fine, I'm all for a national reasoning, let us investigate the structural anomalies that we need to fix --- campaign finance comes to mind! --- if 'intent' and 'reality' are to come into a better constitutional sync, and the people can go back to doing what they do best, create wealth! not agitate and gnash teeth to the point of desperate revolt against a recalcitrant state... that is NOT the point of this uniquely great constitution, it really is not... woe unto a nation unmindful of its' own constitution! "what a woe inna Babylon, what a woe..."
Wednesday, January 5, 2011
Global Food Price Index hits new record
Global Food Price Index Hits Record (WSJ)
this is what happens when ridiculous money printing by central banks meets market uncertainty, structural rebalancing and "capital hoarding" by private sector, i.e. it is a fallacy that a great surge in production of goods and services will result from an expansion of the money supply, unless of course the demand for credit accelerates past the point at which "systemic crisis" was reached
efforts to "manage" the inexorable law of demand and supply through manipulation of the currency are doomed to failure with "unintended consequences" like these: loss in quality of life for those on fixed incomes, malnutrition and starvation for the poor, and so on
a sound money free market will inevitably serve more customers with more affordable choices than any other system, and charity will easily cover the bottom fringe of the unemployed if one lets the local communities handle it with no bureaucracy - this insane, death-dealing, genocidal hunger can be ended with real quickness, people, the productive capacities exist today, not in the future, the agricultural innovations exist today to end world hunger rapidly
meanwhile, the state is becoming irritable at all this "capital hoarding" by cash-rich companies, as the other day Barack said, the private sector was not doing its' part in "creating jobs" by holding on to its' money too much! hey, why not build bridges to nowhere? the state salivates with the predictability of Pavlov's dogs when it sees a pile of money anywhere, and when it finds none it borrows, or robs another state! the appetite is inherently insatiable once the business model of buying elections through taxpayer monies is set in motion
the great calamity of 20th c. democracy was that the true promise of universal suffrage was not really delivered, rather exploited by the financial elites to subvert democracy to their own ends and interests; using the "progressive" movement as their political arm, using the cartelized media houses of the Rockefeller and Harriman groups as their propaganda arm, using the public funding of "wealth redistribution" economics in the academy as their ideological arm, and most importantly, of course, using the (technically unconstitutional) Federal Reserve system to finance the whole exercise through monetary inflation - or to put it more simply, THEFT!
this is what happens when ridiculous money printing by central banks meets market uncertainty, structural rebalancing and "capital hoarding" by private sector, i.e. it is a fallacy that a great surge in production of goods and services will result from an expansion of the money supply, unless of course the demand for credit accelerates past the point at which "systemic crisis" was reached
efforts to "manage" the inexorable law of demand and supply through manipulation of the currency are doomed to failure with "unintended consequences" like these: loss in quality of life for those on fixed incomes, malnutrition and starvation for the poor, and so on
a sound money free market will inevitably serve more customers with more affordable choices than any other system, and charity will easily cover the bottom fringe of the unemployed if one lets the local communities handle it with no bureaucracy - this insane, death-dealing, genocidal hunger can be ended with real quickness, people, the productive capacities exist today, not in the future, the agricultural innovations exist today to end world hunger rapidly
meanwhile, the state is becoming irritable at all this "capital hoarding" by cash-rich companies, as the other day Barack said, the private sector was not doing its' part in "creating jobs" by holding on to its' money too much! hey, why not build bridges to nowhere? the state salivates with the predictability of Pavlov's dogs when it sees a pile of money anywhere, and when it finds none it borrows, or robs another state! the appetite is inherently insatiable once the business model of buying elections through taxpayer monies is set in motion
the great calamity of 20th c. democracy was that the true promise of universal suffrage was not really delivered, rather exploited by the financial elites to subvert democracy to their own ends and interests; using the "progressive" movement as their political arm, using the cartelized media houses of the Rockefeller and Harriman groups as their propaganda arm, using the public funding of "wealth redistribution" economics in the academy as their ideological arm, and most importantly, of course, using the (technically unconstitutional) Federal Reserve system to finance the whole exercise through monetary inflation - or to put it more simply, THEFT!
SEC going after TIME's 'Man of the Year' Zuckerberg
SEC gets started on Facebook
a case of "what?! money?! and where is my share?! oh no, I'm sending the cops, buddy, you just went too damn far..."
An IPO when he's ready, not when the SEC is ready
Goldman pulls the plug on Facebook offering in the face of strong demand
a case of "what?! money?! and where is my share?! oh no, I'm sending the cops, buddy, you just went too damn far..."
An IPO when he's ready, not when the SEC is ready
Goldman pulls the plug on Facebook offering in the face of strong demand
Tuesday, January 4, 2011
ah, those pesky "unintended consequences"! loan sharking you say?
Dodd-Frank and the return of the loan shark (WSJ)
I see many a PhD paper in this "problem" here... yes, no, this cannot go on, something must be done, these loan sharks must be regulated... "I will appoint a panel of experts, I will demand a paper of policy recommendations, then I will appoint a special implementation Czar reporting directly to me... actually, no, the federal budget will be reduced in the process, I will have it no other way! I have made that known to the CBO that will crunch the numbers and revise them as necessary..."
I see many a PhD paper in this "problem" here... yes, no, this cannot go on, something must be done, these loan sharks must be regulated... "I will appoint a panel of experts, I will demand a paper of policy recommendations, then I will appoint a special implementation Czar reporting directly to me... actually, no, the federal budget will be reduced in the process, I will have it no other way! I have made that known to the CBO that will crunch the numbers and revise them as necessary..."
Monday, January 3, 2011
personal bankruptcies climb 9% in 2010 as 1.5 million file
people are doing what they have to
one cannot have healthy capitalism while the idea remains current that when borrowing money a range of other options are available besides paying it back; which idea is of course related to that other rentier fallacy that increased borrowing --- (the new, bad fractional reserve made up not of "thin air" as often stated, but of forcible theft of value from earners and savers!) --- results in increased real growth, and more rapid distribution of the benefits of capitalism to the lower sectors of the income chain...
there exists no such thing as "thin air" in economics, the "printing of money" or creation of currency credits is a type of theft for which death was once the punishment...
California clocking in at #2 with a 25% year-over-year increase
one cannot have healthy capitalism while the idea remains current that when borrowing money a range of other options are available besides paying it back; which idea is of course related to that other rentier fallacy that increased borrowing --- (the new, bad fractional reserve made up not of "thin air" as often stated, but of forcible theft of value from earners and savers!) --- results in increased real growth, and more rapid distribution of the benefits of capitalism to the lower sectors of the income chain...
there exists no such thing as "thin air" in economics, the "printing of money" or creation of currency credits is a type of theft for which death was once the punishment...
California clocking in at #2 with a 25% year-over-year increase
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