Truth About Gas Prices

The common explanation for rising gas prices makes an exciting news story: Villainous oil companies are taking advantage of helpless consumers. Prof. Art Carden explains that this popular story is inaccurate. Gas prices go up and down based on the laws of supply and demand. Political problems, such as barriers to the development of new sources and new energy sources, also contribute to rising prices. Gas prices would be lower if we didn’t have such barriers. Prices would also be lower if demand were not artificially increased through war and other wasteful expenditures.

via Why Are Gas Prices So High? – YouTube.

Has the Worm Turned?

You have to wonder when SNL takes on Obama’s nonsense.

 

 

Saturday Night Live opened the March 2, 2013 episode taking on the big sequestration fight in Congress, with Jay Pharaoh as President Obama admitting to the American people that “I really have no idea how money works or how budgets work,” but did his best to explain to the American people the real-world effects of the budget cuts.

via SNL – Obama Budget Cut Methods – YouTube.

Is America Becoming Europe?

Across the Atlantic, Americans see European economies faltering under enormous debt, overburdened welfare states, governments controlling close to fifty percent of the economy, high taxation, heavily regulated labor markets, aging populations, and large numbers of public sector workers. They also see a European political class that is unable — and, in many cases, unwilling — to implement economic reform. This timely and sobering video explains why Americans cannot ignore the “canary in the coalmine” across the pond in determining our future. We must ask the question: “Is America becoming Europe?”To learn more read Dr. Samuel Greggs Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future: http://www.amazon.com/dp/1594036373/

via Is America Becoming Europe? – YouTube.

The Difference between Economic Shools

I have been trying to come up with a very short easily remembered summation of the differences between the major schools of economic thought. If you like it pass it along.

There are two major schools of economic thought, the London and the Austrian. The London School is hundreds of theories addressing how political power can manage an economy. The Austrian School explains how the actual human interaction that comprises an economy works.

Perfidy, The Dishonest Budget Numbers

Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel – YouTube.

The crooks in DC have created a system that allows them to claim they’re cutting the budget when the burden of government spending actually is rising.

This sleazy system is designed in part to deceive the American people, and the current squabbling over the fiscal cliff is a good example. The President claims he has a “balanced approach” that involves budget cuts, but look at the second chart at this link and you will see that he’s really proposing bigger government.

This dishonest approach also was used by the President’s Fiscal Commission and last year’s crummy debt limit deal was based on this form of fiscal prevarication.

Here are some key excerpts from a Wall Street Journal editorial exposing this scam.

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President Obama and John Boehner are playing by the dysfunctional Beltway rules. The rules work if you like bigger government, but Republicans need a new strategy, which starts by exposing the rigged game of “baseline budgeting.” …numbers have no real meaning because they are conjured in the wilderness of mirrors that is the federal budget process. Since 1974, Capitol Hill’s “baseline” has automatically increased spending every year according to Congressional Budget Office projections, which means before anyone has submitted a budget or cast a single vote. Tax and spending changes are then measured off that inflated baseline, not in absolute terms. …Democrats designed this system to make it easier to defend annual spending increases and to portray any reduction in the baseline as a spending “cut.” Chris Wallace called Timothy Geithner on this “gimmick” on “Fox News Sunday” this week, only to have the Treasury Secretary insist it’s real. …in the current debate the GOP is putting itself at a major disadvantage by negotiating off the phony baseline. …If Republicans really want to slow the growth in spending, they need to stop playing by Beltway rules and start explaining to America why Mr. Obama keeps saying he’s cutting spending even as spending and deficits keep going up and up and up.

You probably won’t be surprised to learn that other nations rely on this crooked system, most notably the United Kingdom, which supposedly is imposing “savage” cuts even though government spending keeps rising (and they fooled Paul Krugman, though he seems to make a habit of misreading foreign fiscal and economic data).

The Economy Is Going To Implode Pt.8 of 8

Workbook PDF at: https://dl.dropbox.com/u/32961642/EconomicCollapseWorkbook.pdf

Part Eight Topics

More Lies From Lying Politicians

The Impossibility of Financial Planning Products and “Returns”

Why Inflating Debt Away is Impossible

The New Financial Objective: Holding Wealth Together and Minimizing LOSSES

There is Nowhere to Run

The Need to Position Into Physical Commodities

Quo Vadis? Where Are You Going?

via The Economy Is Going To Implode Pt.8 of 8 – YouTube.

The Economy Is Going To Implode Pt.7 of 8

Workbook PDF at: https://dl.dropbox.com/u/32961642/EconomicCollapseWorkbook.pdf

Part Seven Topics:

WHO is doing these exotic and risky derivatives?

Review of top banks’ assets versus derivatives exposure

High Frequency Trading Scope & Solution

U.S. Government Unfunded Liabilities

The destructive nature of non-catastrophic insurance

Lies from Politicians

via The Economy Is Going To Implode Pt.7 of 8 – YouTube.

The Economy Is Going To Implode Pt.6 of 8

Workbook PDF at: https://dl.dropbox.com/u/32961642/EconomicCollapseWorkbook.pdfPart Six Topics:Credit Default Swaps ContinuedRepos and Reverse ReposWhy are These Exotic Products Being Traded So Widely?Review of 90 Day T-Bill Rates 2007-2012

via The Economy Is Going To Implode Pt.6 of 8 – YouTube.

The Economy Is Going To Implode Pt.5 of 8

Workbook PDF at: https://dl.dropbox.com/u/32961642/EconomicCollapseWorkbook.pdf

Part Five Topics:

Wealth Transfer: European Context

Wealth Transfer: U.S. Context

The Bribing Set-up of the Underclass by the Regime in Preparation for Mass Slaughter

Secession Dynamics

Credit Default Swaps

via The Economy Is Going To Implode Pt.5 of 8 – YouTube.

The Economy Is Going To Implode Pt.4 of 8

Workbook PDF at: https://dl.dropbox.com/u/32961642/EconomicCollapseWorkbook.pdf

Part Four Topics:

One Dollar of Capital Banking Paradigm

Denninger Axiom & Chart — Debt and GDP Change since 1980

The Debt Cycle — A Snake Eating Its Tail

Intelligent People Must Reassert Themselves as the Leaders of Society

The Rule of Law and Justice Must Be Reasserted

via The Economy Is Going To Implode Pt.4 of 8 – YouTube.