Normally, I prefer not to comment on the traditional political discourse, mostly because these days, politicians are all the same. The two parties ultimately serve the same “Washington Consensus,” that is, corporate interests who in turn control the money power. Political personalities like Obama and Romney only look radically different because they argue very intensely […]
Tag Archives: Financial Crisis
There’s No Conflict of Interest Here You Idiots
In an article titled “GOP Senate Nominee Would Profit From Government Default“ Talking Points Memo reports that Ohio Senate nominee Josh Mandel has a short position on US Treasury bills. The candidate’s stated position is to “stop raising the debt ceiling.” The site argues that if the debt ceiling is not raised, the US would […]
David Stockman: We Will Suffer One Crisis After Another
We hear a lot these days that due to high levels of sovereign and private debt, we will be unable to avoid a massive financial collapse, reshaping the world as we know it. Usually, proponents argue the collapse will happen quickly, bringing about a short term political vacuum and by necessity, a new economic model. Odd as […]
The Healthcare Industry is Doomed to Collapse
Indeed it is and it will take with it any sucker foolish enough to enter the industry. Like the housing bubble and the dot-com boom, its collapse goes against all conventional and establishment thinking, but it’s an easy call to make if you examine the evidence. At first, the industry looks healthy, robust and likely […]
Word of the Decade: Unsustainability
If there is any one word that will define the next 5 years, I would argue that it is “sustainability” or more specifically, “unsustainability.” We are going to be repeatedly forced into discussing this because like it or not, much of what we do is unsustainable. Our society is in denial. We look at big […]
What Experts Say About the JOBS Act
The Jumpstart Our Business Startups Act or JOBS Act was passed last Thursday to no great fanfair, but we wonder if it may yet go down in history alongside Gramm-Leach-Bliley as a law which helped set the stage for ‘pump and dump‘ bubble schemes and financial fraud. To put it another way, its a bad law, one […]
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Also tagged Banks, Justice System, Law Enforcement, Regulation, Unemployment
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How Do You Make 9 Million People Invisible?
If you’re reading this site, you’re probably a bit cynical when it comes to government reports, or at the very least, you are a realist and expect some shenanigans may be distorting the truth. That is the argument we’ve attempted to make several times, that through questionable reporting tactics, the US government has continued to […]
Exponents Again: Three Charts to Consider
The Wall Street Journal has produced a series of charts to explain the president’s 2013 budget. It shows the usual information we’ve come to expect from government reports, yet another year of deficits, most of it going to entitlements and little evidence indicating the budgetary situation is likely to improve anytime soon. However, even that simplistic view […]
End Game of the United States as We Know It
Most Americans have no idea how perilous the times we live in have become. They know the economy is in bad shape. They know the yearly deficits are significant. Americans are war-weary even though they have been largely shielded from the consequences of a decade of constant war and broken promises. The more perceptive critics […]
Our Currency Will Fail, By Chris Martenson
Chris Martenson is a financial and energy analyst we’ve taken a liking to over the years. His recent commentary on the state of the nation and the inevitable financial crisis is particularly concise. His condemnations of the status quo and the inability for our political leaders to do anything to prevent or even offset catastrophe […]