Al-USA

Impending Inflation? The Global 'New Deal' All but Guarantees It

Ok, follow the link below to see why inflation is coming down the road.

mises.org/story/2901

And if one is inclined to read even further, the master link of related articles is below. If that is still not enough, I might summarize it myself, hopefully in a clearer way, in future.

mises.org/story/2901

From Bailout to Wipeout

The consumer has always been hit... That's what capitalism is all about: shift the costs/risks onto the "working stiff" as much as possible and maximize profits.

In the past, the average joe dealt with it by first putting his woman to work, then more recently by massive amounts of personal credit (credit cards, home refinances etc.) and in the more extreme cases, perhaps taking on a second job to make ends meet. What else is there to do for the "average joe"? Put the little ones to work like third world countries and become a banana republic? I say that "tongue in cheek" of course, but it seems to me this Bear market is a most unusual "beast".

Jerry Yang to Yahooers: One in Ten of You Is Gone

Yep, this "sucks". The average "working stiff" needing to pull a paycheck to make a living always gets the crumbs from the capitalist elites... And still Americans tolerate them for some reason... I said the last "tongue in cheek" of course b/c the government is now soo stuffed with lobbyists representing corporate interests that joe public has effectively lost control. Although, I doubt he ever had much control to begin with.

Why are there no lobbies for the average American? Probably b/c they are divided and conquered among social divisions: thus your Republicans vs. Democrats while the real issue is economic representation leading to effective ownership of capital.

Absent that, a new economic system that does not require capital then. As a minor capitalist, I don't like the latter, but hey, life is more than the scramble for capital. Or it could be.

My Eight Themes for 2008 Are Paying Off

It doesn't matter if he "walked the talk", in my opinion. What's important is that he seems to have the ability to ride broad trends. In my book, that's a job well done - keep it up.

The Credit Crunch Is the Solution, Not the Problem

If the author's figures are correct, at 13% inflation using 1980 metrics, hell yeah the average working stiff is far behind where his parents were. No wonder the massive increase in credit cards, home refinancings, etc, just to keep up.

This is an outrage... Vote every clown out of office this Nov 4, 2008 who voted for the $700 billion bailout.

IBD: 1930s DOW vs NASDAQ Correlation

The other force behind the financial crisis is the wild-west financial speculative $70 trillion derivatives market. The Lehman bankruptcy put this $70 trillion derivatives market into a falling domino effect that threaten to bring down the global financial system. That is why Europe did not let their institutions fail, b/c it would bring down the $70 trillion derivatives markets which would obligate the counter parties to cover or settle their (insurance) derivatives and that would be a "problem" b/c who has $70 trillion?

More information on the money creation process below:
Indeed, we do not need any intermediary banks except to perpetuate the strangle-hold the elites of the elites have on the country. I don't remember who made this quote but it went something like this:

Give me control of the money creation structure of a nation, and I don't care who makes its laws.

This crisis has exposed the now not so "invisible hand" of the market...

I recommend the link below for a more thorough explanation of the questions, "where does money come from?".

video.google.com/video...

Europe to the Rescue?

Indeed, we do not need any intermediary banks except to perpetuate the strangle-hold the elites of the elites have on the country. I don't remember who made this quote but it went something like this:

Give me control of the money creation structure of a nation, and I don't care who makes its laws.

This crisis has exposed the now not so "invisible hand" of the market...

I recommend the link below for a more thorough explanation of the questions, "where does money come from?".

video.google.com/video...

The Main Problem with the Office of Financial Stability Is Needing It in the First Place

There are no liberals vs. conservatives, only owners of capital and those without it. The containment of this financial crisis has been in bailing out the capitalist elites but is it not curious that we are only in this all together, elites and non-elites, only in crisis?

In the "good" times, it is everybody for himself and especially, pull yourself up by your bootstraps propaganda.

For the solution to the financial crisis from a true free market approach see below:
mises.org/story/3131

And for a solution to a system without the slavery of the fractional reserve monetary system here and in the most of the world see below:
video.google.com/video...

Finally, ask yourself why our present system gravitates from one end of civilization crisis to another? Ask ask ask, don't settle for the mass media propaganda.

There's No Way to Go Back to Business as Usual

I salute sieraromero.

For my part, the point that the US is consuming more than it can afford results from a huge transfer of wealth from the working class, those who pull a paycheck, to the owners of capital, or the capitalist elites. The wage of the average American worker has seen no increase in the last 30 years or so, relative to inflation.

Why is it that not to long ago a man, single wage earner, could support a whole household and still be considered middle class? As his earning ability eroded, and as more societal risk was shifted from the corporation to the working man (pensions to 401k, increased medical co-payments or no benefits at all) the working stiff was able to cope by putting the woman to work.

That served well for the next 20 years or so, but the same unrelenting forces that eroded a mans wages did the same for the working woman so that in order to maintain the same lifestyle the working stiffs were forced to rely on credit: credit cards, refinancing of homes, etc...

All of this was planned and orchestrated by the capitalist elites and their corruption of governement policy to shift the wealth of the country from the producers of wealth, the workers, to the owners of capital.

What's the solution? It's simple, pay the damn people higher wages... Or else descend into brutal class warfare where the masses might end up throwing out the capitalist system and the elites, out "the window". It was averted in the 1930's, can it be averted again?

For the record, I want capitalism to survive, but the way it is headed, once again, I don't see much of a future for the working man and woman against the systemic forces working to grind them down.

Time To Go Long, For A Short Time?

Yes, certainly too early to buy on Oct. 6, 2008. Unless you're in it for at least 5 years, you probably got out with massive losses.

The Bottom's Within Sight - Barron's

Barron's is a corporation, serving the interests of the corporation. Why would anybody put any credence to what they have to say?

Where were they (mass media ala Barron's) when the market failed to take out the highs in Oct 2007 and instead had a massive reversal? That was a classic sign that the BULL was over. Of course, it was yet to be confirmed, but the point is where were the Barron's and the like?

No where, they were saying BUY, and they are still saying BUY... Don't listen to analysts or mass media, do your own research and invest according to your own financial situation.

Buffett and Cramer Agree: It's Time to Buy Stocks

Never listen to any analyst or "guru". Do you own research and invest according to your own financial situation.

Apocalypse Dow: The Search for Scapegoats

Nobody living through this will buy your spin of events. Try again in 20 or so years, when a new generation is around who has not experienced it first hand. I say round them up in "chains".

5 Reasons Stocks Will Keep Falling

jlounsbury59 wrote;
"
Are we finally going to find a way to operate based on principles of individual responsibilty, community structure and financial integrity?
"

Sorry, but no, this is "capitalism", where the whole point is to maximize profits. Anything that gets in the way of maximizing profits is to be avoiding as long as possible.

I don't agree but that is the system.

Weapons of Financial Mass Destruction

Indeed, long but good.