An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Am I mistake or was the reaction on Wall Street today the realization that we are in for the 'second leg down' as Tom Hickey calls it. All this time CNBC was reporting the decline in Dow as fear of no debt deal, maybe it was fear of a debt reduction deal.
This is what Harry Reid just said regarding taking his summer vacation through August:
“I have a home in Nevada that I haven’t seen in months,” Mr. Reid said wistfully on the floor. “My pomegranate trees are, I’m told, blossoming.”
WTF is that?!?!?!! These politicians are totally disconnected from the people. I only wish the Tea Party really represented their own historical name. More and more I am feeling like colonials who are being taxed without representation.
you're probably right Mike and it may only become more and more justified for some type of revolution as time ticks away. I myself am a practicing non-violent revolutionary so no fighting for me this time around. ;)
In most wars (like 99.99% of them), nobody really ever wins even if there is a loser.
GERMANY'S RECOVERY IS A FUNCTION OF USA FED'S UNDERWRITING THE ECB'S $600 BILLION STIMULUS BACK WHEN GERMANY'S FINANCE MINISTER DECLARED OUR USA'S "CRASS KEYNESIAN ECONOMICS."
WHAT ABOUT MICHELE BACHMAN'S HUSBAND'S COUNSELING CENTER UNDERWRITTEN BY GOV SPENDING ?
OR THEIR FAMILY FARM SUBSIDIZED BY GOOD OLD GOV MMT WORKINGS ?
exactly google....it only makes it all that much worse and sinister. Try to tell "believers" about such things and they only fall on deaf ears as much as any other MMT line (it's not about deficits, inflation is not a concern right now, etc., etc., etc.).
Like Carlin says...people are stupid...they want to believe these people for some reason...it's makes them feel more secure perhaps?
The greed is pervasive and corrupt to the core. At least it's not b/c of me!!! Everybody can run but nobody can hide if you catch my drift. ;)
The next screw job piece of legislation is in the works NAFTA free? Trade Agreements with Panama, Columbia, and South Korea. Obama is putting lipstick on this red white and blue dildo and calling it aid for american families?
Free trade is great for corporations and investors. They make a lot of money. For the American worker it is higher unemployment numbers. Through “Corporate Treason” our own American corporations are turning this country into another third world nation. This is a Republican and Democratic agenda. It is disappointing that President Obama is signing on to it.
the CAFTA was made under Bush II, and Colin Powell was sent to Chile to apologize for USA support of Pinochet who as a right winger imprisoned teachers and unionists in soccer stadiums during the 70's so that free trade would roll into Chile.
that is not Obama's fault.
What about NAFTA ? It is holding back the Pickets plan ... why ?
because the oil sands of Canada cannot take the Pickens plan if we switch the big trucks to natural gas since there would be an instant 30% reduction in oil use in the USA
If T Boone Pickens were really smart, he would sue NAFTA affiliates pushing for the pipelines that don't make any sense since the oil sands eat the pipes in a matter of months
PLUS the fact that Indian steel companies which are here in USA making pipe ( with and without union ) are making pipes that are known to be faulty due to metallurgical errors and bad input steel ...
Said bad input steel comes from steel mills in India that quite regularly do business with the National Gas Authority of Iran which means they do business with the Revolutionary Guards of Iran...
Now, why are Indian steel companies able to do that and not American ones ?
My question is: what can we do as individuals? I understand that much needs to be done at the federal level to improve things. But, what can I do today to help our economy? Is bitcoin something I should take seriously? Homesteading? Barter?
I'd love to hear more about ideas that we can do personally right now, rather than waiting (and waiting) for change in the political winds.
I'm sure everyone has their own answers to your totally valid existential question. My own personal answer for myself is to take care of myself and to spread the word and ideas with people, talk with people, listen to them, and of course debate with them. Rather humble goals considering and very simple to do. That's mine.
Who owns the GOP and Dem parties? Could it be the large donors.
the US is run by the ruling elite (plutocratic oligarchy) by way of the interwoven military-corporate-financial-government complex that operates through the revolving door, lobbying and campaign finance, and sophisticated bribery.
Am I mistake or was the reaction on Wall Street today the realization that we are in for the 'second leg down' as Tom Hickey calls it.
ReplyDeleteAll this time CNBC was reporting the decline in Dow as fear of no debt deal, maybe it was fear of a debt reduction deal.
This piece by Carlin becomes more relevant all the time.
ReplyDeleteObama Still Wall Street's Honey ... Raises More (As Both Raw Amount And Percentage) From Wall Street Than In 2008
Sell out. The fix is in.
classic shit Mike. Gotta love Carlin. He was really onto it...I wonder if he really died "naturally" of heart failure or what?
ReplyDeleteexactly Tom. I didn't even need to see that article b/c I could already tell simply based on his "actions" and "decisions."
This is what Harry Reid just said regarding taking his summer vacation through August:
ReplyDelete“I have a home in Nevada that I haven’t seen in months,” Mr. Reid said wistfully on the floor. “My pomegranate trees are, I’m told, blossoming.”
WTF is that?!?!?!! These politicians are totally disconnected from the people. I only wish the Tea Party really represented their own historical name. More and more I am feeling like colonials who are being taxed without representation.
Mario,
ReplyDeleteThe politicians are "owned" just as we are. But while they are the "functionaires," we are the mere peasants. Revolution!!!!!
you're probably right Mike and it may only become more and more justified for some type of revolution as time ticks away. I myself am a practicing non-violent revolutionary so no fighting for me this time around. ;)
ReplyDeleteIn most wars (like 99.99% of them), nobody really ever wins even if there is a loser.
The top 1%.
ReplyDeleteWith 1% of Americans controlling 40% of the country's wealth, we examine the gap between the rich and the rest.
Here is a video from Aljazeera about American inequality. Probably the last respectable global media organization.
HOW ABOUT BACKDOOR MMT COVERUPS ?
ReplyDeleteGERMANY'S RECOVERY IS A FUNCTION OF USA FED'S UNDERWRITING THE ECB'S $600 BILLION STIMULUS BACK WHEN GERMANY'S FINANCE MINISTER DECLARED OUR USA'S "CRASS KEYNESIAN ECONOMICS."
WHAT ABOUT MICHELE BACHMAN'S HUSBAND'S COUNSELING CENTER UNDERWRITTEN BY GOV SPENDING ?
OR THEIR FAMILY FARM SUBSIDIZED BY GOOD OLD GOV MMT WORKINGS ?
MORE ON THIS PLEASE
exactly google....it only makes it all that much worse and sinister. Try to tell "believers" about such things and they only fall on deaf ears as much as any other MMT line (it's not about deficits, inflation is not a concern right now, etc., etc., etc.).
ReplyDeleteLike Carlin says...people are stupid...they want to believe these people for some reason...it's makes them feel more secure perhaps?
The greed is pervasive and corrupt to the core. At least it's not b/c of me!!! Everybody can run but nobody can hide if you catch my drift. ;)
Mike, now I see why Mayer Mike Bloomberg is so concerned about loose gun possession laws in US - it wasn't the criminals. :-)
ReplyDeleteThe next screw job piece of legislation is in the works NAFTA free? Trade Agreements with Panama, Columbia, and South Korea.
ReplyDeleteObama is putting lipstick on this red white and blue dildo and calling it aid for american families?
Free trade is great for corporations and investors. They make a lot of money. For the American worker it is higher unemployment numbers. Through “Corporate Treason” our own American corporations are turning this country into another third world nation. This is a Republican and Democratic agenda. It is disappointing that President Obama is signing on to it.
/bob/
ReplyDeletethe CAFTA was made under Bush II,
and Colin Powell was sent to Chile to apologize for USA support of Pinochet who as a right winger imprisoned teachers and unionists in soccer stadiums during the 70's
so that free trade would roll into Chile.
that is not Obama's fault.
What about NAFTA ? It is holding back the Pickets plan ... why ?
because the oil sands of Canada cannot take the Pickens plan if we switch the big trucks to natural gas since there would be an instant 30% reduction in oil use in the USA
If T Boone Pickens were really smart, he would sue NAFTA affiliates pushing for the pipelines that don't make any sense since the oil sands eat the pipes in a matter of months
PLUS the fact that Indian steel companies which are here in USA making pipe ( with and without union ) are making pipes that are known to be faulty due to metallurgical errors and bad input steel ...
Said bad input steel comes from steel mills in India that quite regularly do business with the National Gas Authority of Iran which means they do business with the Revolutionary Guards of Iran...
Now, why are Indian steel companies able to do that and not American ones ?
My question is: what can we do as individuals? I understand that much needs to be done at the federal level to improve things. But, what can I do today to help our economy? Is bitcoin something I should take seriously? Homesteading? Barter?
ReplyDeleteI'd love to hear more about ideas that we can do personally right now, rather than waiting (and waiting) for change in the political winds.
Anon
ReplyDeleteI'm sure everyone has their own answers to your totally valid existential question. My own personal answer for myself is to take care of myself and to spread the word and ideas with people, talk with people, listen to them, and of course debate with them. Rather humble goals considering and very simple to do. That's mine.
"This is a Republican and Democratic agenda."
ReplyDeleteWho owns the GOP and Dem parties? Could it be the large donors.
the US is run by the ruling elite (plutocratic oligarchy) by way of the interwoven military-corporate-financial-government complex that operates through the revolving door, lobbying and campaign finance, and sophisticated bribery.