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
Archive for the ‘guantitative easing’ Category
Otherwise known as dumbing down the populace in order to enable politicrats to feed on them while encouraging their ignorance. A few more years of this and they will be eligible for the Occupy Movement. (The latest incarnation of the Hitler Jugend.)
Whatcha wanna bet they can recite all sorts of Malthusian-Luddite fables and fantasies about DDT, anthropogenic global warming, overpopulation, wind power, solar power and peak oil? Of course they won’t be able to tell you who T. R. Malthus or Ned Ludd were or about their actual disproved theories, the successors of which are are the Watermelons’ (Green on the outside Red on the inside) political platform aspiring to lead to an Animal Farm/Bolshevik revolution leading to their desired three class society. (Did you know Bolshevik means “Majority”, which they weren’t? Seems that the Occupy Movement, who aren’t the 99% are taking a page from Lenin’s playbook, nyet?)
The three classes obviously desired
1. Those who rule government
2. Those who work for government
3. Peasants that live off the “benevolence” of government
Can be explained by the views on Hayek’s Road to Serfdom
TEA Party: A warning
Cocktail Party*: Nothing to see here, move along.
Dhimmi Party: A roadmap**
*I used to call these the establishmentarian Rethuglicans, but this has come into more common usage and means the same group (the rethuglicaans that spend like dhimmis in order to keep getting invited to the DC cocktail parties) I’ll go with the new term.
**I think the Cloward-Pivens plan took that approach
The full book is avaialble at Amazon, Barnes and Noble, and Kobo.com
You might also want to check out Daniel Hannan’s The New Road to Serfsom, A Letter of Warning to American
With the economy sliding deeper into a recession, panelists discuss whether it’s time to stop throwing our money into a massive pit out in the desert.
It would actually help if they did burn it instead of burning through it.. Not to worry, though. The Fed can create much more with just a few keystrokes. And of course the Treasury’s printing presses are running overtime. With enough inflation our debt will disappear, just ask Zimbabwe. They replaced the Rhodesian Dollar (which had a 1:1 exchange rate with US dollars in the mid ’70s, I know, I was there) on a one to one basis in 1980. When they finally got out of the money printing business they were printing Z$100 Trillion bills. On 8 November 2008 one of those bills was “officially” worth $147.50. Note that our debt is all in US dollars, does that give you any ideas? Can we /should we inflate our way out of debt? By the way, now in Zimbabwe they use a “basket of currencies” (sound familiar?) that includes the US dollar, South African Rand, Botswana Pula and the Pound Sterling. I wonder what our “basket” will consist of?
Courtesy of Onion News Network
Are economic reporters so mentally challenged that they wake up to a new world every morning? Or is there a new JournoList stylebook? Or simply lame rat-bastard leftist propaganda?
Second edition (v 2.0) of an ongoing project to visualize Galt’s Speech from Atlas Shrugged by Ayn Rand using images and video from current events. NOTE: These videos do not purport to be definitive or authoritative. If these videos interest you, please visit the Ayn Rand Institute (www.AynRand.com)for more.
Text by Ayn Rand
Read by Christopher Hurt
Edited for YouTube by XCowboy2
Music by John Williams
For the full novel read unabridged, visit BlackstoneAudio.com
I have been wondering about the seemingly incoherent policies propagating out of the District of Corruption and trying to develop a model of thinking and goals that would be consistent with the insanity. I have had to abandon any thought of citizen or taxpayer well-being or maintenance of American exceptionalism in order to come up with a somewhat consistent model.
The District of Corruption has become, in essence, a wholesale club sized Faculty Lounge that has developed a plan to run the country as a university focused on the welfare of the faculty over the students or the payers of the tuition.
First is the plan to get out of debt seems to be Quantitative Easing III, IV, V, VI, and however many more it takes to make all those outstanding Treasury Bills (and their interest obligations) worthless. The fact that it will impoverish the American citizenry is as Microsoft used to say, “not a bug, but a feature.” It will wipe out the rich as well as the successful and the thrifty, thus putting all citizens’ welfare in the hands of those best qualified to judge a persons worth (no not the free market, that is seen as cruel, unfair and idiotic to the insufficiently rewarded, it must be those with the wisdom of Solomon, the Tenured).
This destruction of the dollar not only gets us out of debt while punishing those so rude to have been more successful in the free market than the new masters, but also sets the stage for the resurgence of America as a “properly structured society.” In other words the serfs need to acknowledge their proper place in the presence of their accredited and credentialed betters.
That brings us to the master stroke. In claiming that the oil companies get a “tax incentive” by writing off business expenses such as depreciation, exploration, and the cost of failed production attempts (things that legitimate costs of doing business in every other business, just bigger numbers in the oil business), the stage is set for the DOE to revoke all leases and nationalize the oil fields. After the dollar has been destroyed and whether the new currency that purchases oil is a “basket of currencies” or the PetroBuck® the wealth in the oil fields of what was previously called the United States will be more than enough to support the proletariat in their virtual slavery while the masters party like Nero. Issuing decrees as the Gods from Olympus (you have to “properly guide” those serfs, dontcha know?).
For a decade, from the election of Bush 43 forward, the Left has lied and cheated as it tried to return to power. Al Gore made a mockery out of the American electoral system by being a spoilsport over Florida, which Bush indeed won by 537 votes. Dan Rather forged a document to try to derail Bush’s re-election. Twice Democrats stole U.S. senators from the Republicans. After voting to support the war to get by the 2002 election, many Democrats quickly soured on the war. The profane protests were cheered by liberals who misattributed “dissent is the highest form of patriotism”to Thomas Jefferson; the words belong to the late historian Howard Zinn.
Once in power, liberals were the opposite of gracious.
For two years now, I have been called ignorant, racist, angry and violent by the left. The very foul-mouthed protesters of Bush dare to now label my words as “hate speech.”
Last week, the left quickly blamed the right for the national tragedy of a shooting spree by a madman who never watched Fox News, never listened to Rush Limbaugh and likely did not know who Sarah Palin is.
Fortunately, the American public rejected out of hand that idiotic notion that the right was responsible.
Rather than apologize, the left wants to change the tone of the political debate.
The left suddenly wants civil discourse.
The left wants to play games of semantics.
The left wants us to be civil — after being so uncivil for a decade.