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  • Wall Street Breakfast: Must-Know News [View article]
    Backtoreality:
    "trickle down economics".-- another uselss euphemism created by those at the top that actually translates into "crumbs and scraps for the teeming masses."
    May 15 20:01 pm |Rating: +4 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Everyone should check out the latest article by TraderMark to see how we are all being taken for a ride by the powers that be:
    seekingalpha.com/artic...

    Absolute power corrupts absolutely.
    May 15 13:50 pm |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I think a new name or phrase needs to be coined to better describe the insidious corruption of our present system. "Socialism" suggests some sort of "equality for all individuals, with an egalitarian method of compensation." That doesn't really describe the wholesale transfer of wealth from America to the financial elite that is happening now. "Crony capitalsim" is more apt but still doesn't fully describe the massive expansion of government that is swallowing up the private sector economy. Fascism is too general of a term.
    Statist capitalism sounds best.

    "... it really doesn't matter much whether the rulers call themselves capitalist or socialist, whether they plunder by concessions and taxation through crony firms or straight-out theft from nationalized industries....
    Alvaro Vargas Llosa's five "principles of oppression" are
    -corporatism
    -state mercantilism
    -privilege
    -wealth transfer
    -political law.
    "...the ideological professions of the ruling caste are not very relevant to the real problems. The critical factor is basic liberty for the people, not the favorite economic flavor of the rulers' intellectuals."


    On May 15 08:44 AM BlueOkie wrote:

    > TARP is the right word. It is the gov't blanket that is beginning
    > to cover most economic activity. Banks, Autos, Mortgages, Insurers,
    > Credit Cards (coming), unions., schools, health care. Sounds like
    > socialism to me. Don't forget Cap and Trade to cover all use of energy.
    > Our gov't is like kids in the cookie jar with parents not at home.
    May 15 12:21 pm |Rating: +5 0 |Link to Comment
  • BlackRock Hires Vice Chair of U.S. Treasury Committee: Public-Private Incest Continues [View article]
    Rumpole,
    I don't pretend to know how future events will unfold, but I can make inferences from current events and trends like Gerald Celente does. You now have the formation of this movement called the New American Tea Party (newamericanteaparty.com/) which could be the beginning of bigger, more radical movements in the years to come. Celente is predicting a tax revolt by 2012.


    On Apr 18 10:22 PM Rumpole wrote:

    >
    > I like the analogy to incest. And what does incest breed? Idiots
    > and mental defectives. And we're now seeing the results of such in-breeding,
    > leadership whether governmental or corporate has been on a steady
    > decline.
    > But how do we stop playing the game as another comment suggests??
    > My own view is that we've got to stop paying our taxes ... yes a
    > good old tax revolt is in order.
    Apr 18 23:41 pm |Rating: +1 -1 |Link to Comment
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