canonicalman

China vs. the U.S.- Who Will Blink First?

Social Security is NOT a Ponzi scheme! The original plan put in place by FDR was a model of brilliant economic policy whereby a fraction current workers production goes to those no longer producing, ie retires. Since then, Alan Greenspan, and his like, have taken it upon himself to kill Social Security, so we can instead invest in that sure fire retirement fund called the stock market. We've seen how 'secure' that investment is. Especially those who invest with Madoff or Stanford. Or those who invest with Goldman Sachs where million dollar bonuses need to be paid before the investor get anything. Social Security is a guaranteed minimal living standard for retired Americans. And succeeds brilliantly at this task.

The Specter of Excess Capacity

There is no such thing as excess capacity while significant numbers of people are unemployed. These people need to be in those factories, etc. producing not sitting at home looking for work. The problem is financial, not economic.

The government has taken a policy of bailing out Wall St. at the expense of the Middle Class and Working Americans. The Middle Class is tapped out and falling behind that is why demand is falling, not some 'confidence' thing. The government needs policies to put money back in the hands of the Middle Class so they can start purchasing again.

A Permanent Middle Class Tax Cut would serve this purpose. Knowing that one would have more money every year going forward would encourage long term purchases like homes and cars.

A pity that our government doesn't actually work for the people. Instead, Congress and this President cater to the 'banksters' on Wall St. and lead this nation to ruin.

How Does Free Park Entry Stimulate the Economy?

The public parks are not supposed to be fee generation entities. The entire idea of charging a fee at all is controversial. The parks are our common public space there for all citizens to enjoy. Maybe this was just a marketing move to get people to spend money on the ancillary items that go along with a trip to a major park like food, gas, outdoor gear. Who cares? At least the fees are going in the right direction: down!

Bernanke's Dark Kingdom

Everyone needs to understand how our money system works in order to properly access how our government is handling our money.

See: www.scribd.com/doc/180...
or: famguardian.org/Subjec...

for Congressman Wright Patman's famous "Primer on Money" which he wrote for other members of Congress so they could understand our money system. Well written with excellent explanations of fractional reserve banking.

Dollar Has Only One Way to Go (Hint: It's Not Up)

The Federal Reserve has a policy of built in inflation. The so called 'comfort level'. This allows companies to give small nominal raises to employees but keep actual labor costs fixed or falling.

U.S. Jobs Propaganda Gets More Desperate

Been done. shadowstats.com John Williams has been tracking the discrepancies in government statistics for years since he was a consultant for the airlines. He recalculates the values for many metrics using the old formulas and posts them on his site.

Are Unemployment Numbers Bogus?

www.shadowstats.com/

John Williams has been covering the government numbers issue for years, recalculating values by the traditional methods, and posting them on his site. A great resource.

U.S. Pension Nightmare Has Begun

Of course, Wall St. gets saved because its 'the system' and the American people get the shaft, because they can be shafted. Had corporate America properly funded pensions, and had regulation of our financial system been kept in place. NONE of this would be happening. These bailouts and guarantees are "The Biggest Shakedown in World History!"

Wall Street Breakfast: Must-Know News

Nice. Derivatives market was bailed out by the taxpayer so the big boys could keep their fake money while we pay, pay, pay...

When Will Larry Summers Apologize?

Your mean "when will Obama wise up and fire this idiot who helped cause the meltdown?"

G20 Moves Are Positive, But Much Risk Remains

G-20 moves are a disaster. What's the solution for a world awash in debt? That's right, MORE DEBT! These guys just can't grasp, or worse can grasp but don't want to admit, that the system itself is broken, all these 'funny money' assets need to be written down, and the 'real economy' of goods and services supported. Of course the big banks, the speculators, the counterparties, the big corporations, would all take a bath from such action, so it couldn't even be considered. Pity. The American taxpayer, and others, are instead being burdened with multi-trillion dollar penury debt for decades to come. The Biggest Shakedown in World History!!!

Global Meltdown, Part III

When the Foxes are guarding the Hen House, nothing good will happen. The Foxes are simply trying to carve out as big a piece of whats left for themselves and their friends. Now that they have destroyed our economy by looting it. Pity really. This was such a great country.

An Autopsy of the Glass-Steagall Act

Why not simply reinstate Glass-Steagall? Wouldn't that be the sensible thing to do?

The Fed Wasn't to Blame for the Housing Bubble?

Poor Sir Alan, his memory is going already.

Bernanke Fires a Shot Across Summers' Bow

Nice Rug.