Archive for the ‘euro’ Category

We see the results of our oikophobic chief executive’s “shared dream” as Hollande has France circling the drain. Of course it may be the point, after all you need almost (if not total) dictatorial power in order to force people to submit in order to survive. N’est ce pas?

From RT, the Russian 24/7 English Language News Channel (They know a thing or two about collectivism)

As if the French President didn’t have enough on his mind this week over his alleged affair with an actress. There are domestic problems of a more official nature he’s got to answer for, if he’s to keep his new year’s resolution to revive the country’s debt-heavy, sluggish economy.

via Too Little Too Late? Hollande U-turns as France pays heavy price for sky-high taxes – YouTube.

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Bill Whittle weaves together monetary policy, aeronautics, and the European Union on this edition of Afterburner. Whittle thinks the Euro is heading for catastrophic failure, just like the tragic Airbus A330 that crashed into the Atlantic. How does this affect you? Find out.

The Progressive Nightmare & The Conservative Solution

Posted: August 20, 2011 in 2012, 2nd amendment, 4th Amendment, academics, administration, agenda, agents, airport, arguing with idiots, audit the Fed, austrian, bankrupting america, banning american flag, Barack Obama, Barney Frank, bearded marxist, bernanke, Bernie Madow, Big Ed, big government, bondholder ripoff, Border Patrol, broke usa, budget, busybodies, cap and tax, carbon trading, climaquiddick, climategate, Cloward Pivens, congress, conservatism, conservative, conservatives, constitution, corruption, currency devaluations, DEA, debt, decision points, declaration of independence, deficit, deficits, democrat, democratic, democrats, dhimmicretins, Drug War, easing, east anglia, economic, economic liberty, economics, economy, education reform, election, elite, elitism, elitist, employment, entitlement, environmentalism, ethnic, euro, european monetary union, F. A. Hayek, federal healthcare, federal reserve, federalist papers, firearms, freedom, friedman, general electric, gerrymandering, global warming, government motors, government spending, guantitative easing, gun control, Herman Cain, homeland security, idiots, illegal immigration, international debt, international economics, international monetary fund, ipcc, job killer, John Keynes, JournoList, justice department, justice fraud, Lame-Stream Media, left, leftist, liberal, liberal gene, liberals, libertarian, libertarianism, liberty, lies, looters, Media Malpractice, Michelle Bachmann, Mitt Romney, monetary policy, moochers, nanny state, napolitano, natural law, Neo-Libertarian, Newt Gingrich, Obama, Politically incorrect, propaganda, rational basis test, reason, Rick Santorum, Ron Paul, Sarah Palin, Tim Pawlenty, weapons, Wesley Mouch, Zimbabwe School of Economics

The Progressive Nightmare

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The Conservative Solution

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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?).

Niall Ferguson, historian and author of Civilization, tells Robert Miller his projections for the next decade, including the future of Europe, the MIddle East and the US.

Democracy remains unlikely.

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What did central bankers have to know and then be empowered to do in order to have avoided the housing bubble and economic fallout? Adam Posen is an External Member of the Monetary Policy Committee for the Bank of England, and a Senior Fellow at the Peterson Institute for International Economics. He spoke at the Cato Institute’s Monetary Conference held in November 2010.

The problem with his analysis is that he doesn’t differentiate between periods of healthy growth vs. periods of inflation (or other government policy) driven growth. That’s why he says not all booms are followed by busts. But it’s fairly easy to spot inflation-driven growth, so it’s also fairly easy to spot bubbles, despite what he thinks.

See my previous post on Monetary Policy, Housing and Other Bubbles and get the free book shown there.

Adam Posen Discusses Asset Bubbles, posted with vodpod

 

The WikiLeaks release leaves both Hillary Clinton and Barack Obama with egg on their faces. Should Obama have prevented disclosure? Is our President totally gutless? Find out as Green, Ott and Kruiser look deeper into the WikiLeaks scandal.

The question is asked how we recover from our “embarrassment” on the world stage. How about we bail out the EU Monetary mess? That’s the plan! Riding to the rescue of the european collectivists in Brussels? That must give encouragement to our home-grown collectivists that can’t balance their state budgets.

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