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Why the economy is not “getting back to normal” “Nothing could be further from the truth…” “The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives that they do not even struggle or suffer or [...] A cellphone company whose top executive has close ties to President Obama lobbied for and won a piece of a major new government push to provide Internet service to low-income job-seekers, even though critics say the company’s smartphones are poorly suited to the task of helping those in the program find work. The program’s supporters tout it as a way for the unemployed to learn technical skills, to prepare resumes and [...] In what appears to be surprising news for some, Reuters has an article titled “Americans brace for next foreclosure wave” whose key premise is that “a painful part two of the [housing] slump looks set to unfold: Many more U.S. homeowners face the prospect of losing their homes this year as banks pick up the pace of foreclosures.” Thank the robosettlement, where in exchange for a few wrist slaps, contract law [...] By Cody Willard So you guys remember when I used to write articles like this? Bernanke says “Let’s inflate the biggest stock market bubble in history”3:03 p.m. July 13, 2011 | By Cody Willard Or Shut up and buy the tech bubble4:39 a.m. May 26, 2011 | By Cody Willard Or Why you must fight the Fed and get ready for a new stock market bubble 10:33 a.m. Dec. 31, 2010 | By Cody Willard Now let’s fast-forward [...] 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 [...] EXCLUSIVE He’s turning into Jon Corzine’s worst nightmare. And Terrence Duffy, CEO of CME Group. the Chicago-based commodities exchange, appears to be the most vocal critic during the seven-week scavenger hunt for the $1.2 billion in missing MF Global’s client funds. Duffy has made no bones that he thinks the money vanished because MF “broke rules.” “I’m here to tell the truth to the Congress,” Duffy told The Post exclusively. Duffy, [...] by Brandon Smith from Alt Market Be Honest CNBC-You Are Biased Against Ron Paul
Those of us who have supported Ron Paul since his presidential run in 2008 (and some who supported him long before that) have come to expect an astonishing array of mainstream media tricks, lies, and censorship when it comes to the “journalistic” examination of the good doctor. This doesn’t mean, however, that we have ever or will ever come to [...] Charles Hugh Smith
How did America become a land of debt-serfs? We can trace our debt-serfdom to three core dynamics which now dominate the American economy.To understand the transition from a state of minimal financial wealth/maximum freedom to one of debt servitude (illusory wealth and sacrifice of freedom for all that lifetime debt can buy), we first need to understand the gradual nature of this transmogrification. It has become a cultural given [...] This can not be good for a president already mired in 20% real unemployment and 98.9% Debt to GDP: “Nearly eight months into our investigation, documents provided to the Committee last Friday confirm those closest to the President – top advisors like Valerie Jarrett, Larry Summers, and Ron Klain – had direct involvement in the Solyndra mess. In addition to the cast [...] by K Buol Heslin The real issue is the answer to the question – How did public sector collective bargaining cause the problem in the first place? When the general public understands this, then there will be long term solutions. It is not about agreeing to medical co-pays or pension contributions today. Leave in place collective bargaining and crony politicians – the unions will get back [...] |
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