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by James Hall, 21st Century Wire: The long-term goal of Communist Red Chinese is to take over the wealth creation resources of the planet. The quasi merger between the authoritarian Maoists and the global capitalists plays out as a sorry act in the Beijing Red Theater. The performance designed to distract and confuse really has the destruction of Western economies as the climax. The sell out of the West, under the skilled dirty [...] First we had this on CNBC “Yesterday at 2pm, CNBC acts as the only mainstream news outlet to upload a release over a new lawsuit claiming evidence of the Federal government and top US banks colluding to launder 43 trillion dollars, enough to pay off the entire US debt almost 3 times over.” http://www.cnbc.com/id/49555671(SOURCE HAS BEEN DELETED) Then we had this: “3 and a half hours later that same day (reported on today), the [...] By Paul B. Farrell, MarketWatch Requiem music soars, capitalism’s grand finale. Death by self-inflicted economicus extremis. Undead enemies, wounded zombies, ghouls, ghosts, vampires seek revenge, want blood. For over two centuries capitalists have been dissecting and replacing body parts on Adam Smith’s theories, patching together a monster Frankenstein Economics. Once it worked for the whole economy. But now the monster is on a rampage, destroying itself, failing the nation that [...]
Decades ago, China’s Deng Xiaoping is said to have energized the nation’s capitalists by declaring: “To get rich is glorious.” Turns out that really meant: “Get rich and you’ll get audited.” Entrepreneurs who make it big and land on well-publicized rich lists in China are more likely to draw government scrutiny, some new research shows. That can be costly—to the business and the entrepreneur. And while plenty of highfliers in the business [...] From Liberty Blitzkrieg: As if we needed more evidence. Not only is Big Sis’ Department of Homeland Security (DHS) taking away our civil liberties, but we now find out it is a conduit for crony capitalists to make more money off the U.S. taxpayer. The story I am referencing today concerns the Federal Protective Service (FPS), which is an agency within the DHS that is “charged with overseeing a force of approximately [...] By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — Wow, and what an epiphany! Zen masters call it satori, enlightenment. One of those great a-ha moments! I finished my last piece, was thinking about my fellow doomsday prognosticator, Jeremy Grantham, the guy whose firm managers $95 billion. He’s convinced that capitalism is one big engine driving the world headlong into doomsday, off a cliff, into a cosmic [...] By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, everything you know about economics is wrong. Dead wrong. Everything. The conclusions of economists are based on a fiction that distorts everything else. As a result economics is as real as one of the summer blockbusters like “Battleship,” “The Avenger” or “Prometheus.” The difference is that the economic profession is a genuine threat, not entertainment. Economics dogma [...] $105,637 for Me, $80 for You! By Phil of Phil’s Stock World Isn’t this economy FANTASTIC? It sure is for those of us in the top 1% (1.4M) - people earning over $352,000 in annual income. We made $105,637 more Dollars in 2010 than we did in 2009 - thanks in large part to the Fed’s fantastic policy of printing more and more money, which lets us borrow cheaply or invest with leverage in inflating equity as [...] by Linette Lopez It’s Bank of America’s turn to get chewed up and spit out by Rolling Stone’s Matt Taibbi. This month’s issue of Rolling Stone (to hit stands Friday) contains a piece called, ‘Bank of America: Too Crooked to Fail’. It’s Taibbi’s account of the bank’s most ruthless activities since its expansion in the late 1970s and 1980s. In those bad old days, Hugh McColl Jr. and Ed Crutchfield, of North Carolina National Bank (which would [...] http://billhicksisdead.blogspot.com/2012/02/update-electro-motive-plant-in-london.html Here is the money quote: Workers at Electro-Motive had been off the job since New Year’s Day after rejecting a new collective agreement that would have lowered the salaries of some workers currently paid $35 an hour to $18 an hour. Despite the closure announcement, picket lines remained active at the site on Friday. The company apparently intends to relocate its operation to a facility in Muncie, Indiana, where Moffat says it [...] From Jesse’s Café Americain: Crony capitalists are never interested in the risk and rigor of “free markets,” only in the surety of monopolies and obtaining a license from the authorities for extracting rents from them. They alternately create artificial abundance and scarcity to influence prices, with the objective of lining their pockets. This move by JPMorgan to enlarge their warehouses and stockpile key commodities helps to demonstrate the growing scramble for resources [...] They are a perfect way to make it look like these people are just ‘successful investors’ who come by their immense wealth legitimately. Meanwhile the Fed funnels trillions of dollars, through these elite, back into the economy. If you aren’t concerned with fairness, justice or income disparity (let alone the rule of law) this scheme can probably be justified but it sure doesn’t have anything to do with capitalism, as [...] Ok watched some crap on tv and they are basically saying that printing money to sustain the yields the system requires to sustain it’s continued existance is the only way…to buy more time…so that the implosion doens’t happen now…and then use the time that was bought to figure out how to escape the printing of money to buy time to figure out how to escape the the inevitable implosion. the yare [...] Ok watched some crap on tv and they are basically saying that printing money to sustain the yields the system requires to sustain it’s continued existance is the only way…to buy more time…so that the implosion doens’t happen now…and then use the time that was bought to figure out how to escape the printing of money to buy time to figure out how to escape the the inevitable implosion. the yare [...] Thousands of anti-capitalists are marching in the French Riviera ahead of the G-20 summit in Cannes. Groups of international activists are urging the leaders of the world’s top economies to focus on people, not finance. James Meadway from the New Economics Foundation shares his view on the crisis that’s strengthening its grip on Europe. RT on Twitter http://twitter.com/RT_com By Russ Certo, head of rates at Gleacher A Walk In The Park The life of man upon earth is a warfare… Job 7:1 Let them call me rebel and welcome, I feel no concern from it; but I should suffer the misery of devils, were I to make a whore of my soul Thomas Paine Be not deceived. Revolutions do not go backward. Abe Lincoln, May 19, 1856 We will either [...] This week GRTV talks to Ellen Brown, an attorney, author, and president of the Public Banking Institute. We begin our discussion with an examination of Brown’s recent article on naked shorting and the supppression of the gold price, and we turn our attention to solutions that the people can use to take back power from the finance capitalists. We finish on a discussion [...] By Farid A. Khavari
The United States is ruled by a plutocracy of the rich and superrich—the elite capitalists. Many things, both good and bad, can be attributed to elite capitalists. For instance, they create jobs (a good thing), yet they exploit the economy (a bad thing). We can either fight them or implement economic and political policies that make good use of their resources, talents, and power to set a [...] Washington’s Blog
Preface: While conservatives are against redistribution of wealth and liberals want to tax the affluent, conservatives and liberals, the affluent and the less well-heeled should all agree that we have to stop the surge in inequality from rising further: As Robert Shiller said in 2009: And it’s not like we want to level income. I’m [...] By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — No, do not raise the debt-ceiling. You heard me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A debt addict. Time to detox. Deal with the collateral damage before it’s too late. We need to fix America’s looming credit default, failing economy and our screwed-up banking system. Now, with a Good Depression. If we [...] As a financial advisor, I have the benefit of taking the temperature of mom and pop investors sentiment when I meet with clients. I get to hear about their concerns for the economy and stock market first hand. Lately, I get asked often about my thoughts on gold and commodities and when I think the whole house of cards will come crashing down because of all the printing we are [...] by Alex We are in late stage capitalism and the crony-capitalists are running the show. The system is broke the problems with the banks booking phantom income continues as it did in 2007. We can expect the largest bonuses in banking industry this year yet again and why not after all, these modern thieves with a mandate of “untouchable” have nothing else in their minds to do but to [...] by Sudden Debt 1. If they see a obstacle, they just ignore it and run it over. 2. What’s yours, is them to copy it. 3. Humans are nothing more then cheap slaves. 4. More is More. 5. The great wall of China is build on bones, and they would build it again on bones if it would turn out a profit. 6. When you do business with the Chinese, you’re fucked either way to turn [...] Socialism may be categorized by the following: * Decentralized planned economy: without the market, production will be directed by the workers themselves through communes or workers’ elected councils. They are borrowing (monetizing the debt) $5,000,000,000 per day. Our National debt is around $14,000,000,000,000. When it reaches around $17,000,000,000,000 reality will set in, nobody will buy our securities, the Marxists will say the capitalists did it. The Marxists will disband the Unions (except for SEIU) and announce an “austerity program” that those left with jobs will pay for. Social programs will consist of riots for food and the great American [...] On the consumer side: incomes are still deflating especially in real terms. That’s why productivity is soaring (and not because we’re “producing” more). The economy has yet to add net jobs, the work week dropped again in the latest report. The pool of un/underemployed is now sufficiently large that this ensures that wages and incomes will remain deflated because during the expansion phase of this business cycle the economy is [...] |
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