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Fatty Governor Burns Fat & Reputation!

Chris Hedges comes out with a timely piece challenging that carefully crafted media image: http://www.truthdig.com/report/item/the_trouble_with_chris_christie_2014...

posted @ Thursday, January 16, 2014 - 13:05

Chinese workers being laid off and replaced with robots.

@davidxto: If you continue to post this type of unpatriotic, terroristic assault on the validity of our current narrative of American exceptionalism you will ultimately end up confined to a cell in Guantanamo! Cease and desist!

posted @ Wednesday, January 15, 2014 - 20:40

Chinese workers being laid off and replaced with robots.

Here is an addendum: If you fear that the FCC's efforts to deregulate the radio and TV media and remove the previous long term dedication of the public airways to the public benefit has aided this capture of the media as a social institution by corporate interests then you are correct, but if you trust that this result can be circumvented with the dedication of the internet to public dissemination of alternative views then you have been outthunk!

The assault by the corporate media to close this potential loophole to escape mind control has now been furthered by a Federal judge's favorable ruling construing the intent of the FCC and protecting those First Amendment Constitutional guarantees to the fictitious citizens we call corporations which the sovereign created by granting them a legal existence. Absolute insanity! http://www.counterpunch.org/2014/01/15/privatizing-the-public-good/

posted @ Wednesday, January 15, 2014 - 20:33

Chinese workers being laid off and replaced with robots.

@E.J.: The first step is to learn to think critically and analytically. That involves primarily an "attitude" towards learning. When someone appeals to your emotions or cultural prejudices, do not react in the typical reflexive manner that they seek. Examine both sides of the issues and then formulate a response or decide on your own personal position. The world would be a much simpler place if everything was black or white --- unfortunately for the non thinkers it is not!

You don't need a PHD in all subjects to understand the concepts typically involved in any debate. Based on the casual observation of your posts you personally seem to do quite well with your comprehension, although you also appear to be a little more educated than the typical target of these mass media propagandists who promote their agendas by preying on the ignorant and intolerant.

As for a solution that would alter our social values and attitudes to improve our educational and learning standards I would direct you to the history of such movements.

The control of society's institutions governing the church, the academics, and the media have always been instrumental in achieving significant social or cultural reform. Without their support of proposed revisions in values and attitudes movements have usually failed.

In U.S. History the ideas of the Populists were probably doomed because the clergy viewed any inequality in the distribution of wealth as somehow a product of God's will. People were poor because of their work ethics and their own laziness. Likewise, the academics were led by the Social Darwinists like Spencer and Sumner that rationalized the economic disparities and exploitive actions of the elites as simply the superior specimens of the species triumphing under God's natural laws. Couldn't ague with God. The media at that time was controlled by the politicians and the wealthy interests that controlled so many of them and they employed racism and sectionalism to divide and conquer the Populists.

The Progressives succeeded where the Populists failed by winning over those same institutions. The liberal theology of the late 19th and early 20th Centuries evolved into a far more compassionate variety of Christianity. It was called the Social Gospel and it helped unite the clergy behind many of the reforms being pushed by the Progressive Movement. Reforms that had been the agenda of the Populists, but had failed. Academia was divided, but many more began to accept that "laizzez faire" or unregulated capitalism was not a natural order of God and that the triumph of some entrepreneurs over others had causes other than that simple explanation. The press focused on the greed, corruption, and cronyism that our economic titans had inflicted on our governmental processes. The advent of investigative journalism in the newspapers and journals of that day, "muckrakers" as Teddy Roosevelt dubbed them, exposed and condemned the worst of the "Robber Barons" and their corrupt relationships with politicians. The net result was the ultimate triumph of the Progressives and many of their own and Populist inspired proposals adopted in their efforts to control corporate greed and government corruption. They succeeded with the same ideas where the Populists had failed.

If you look at the advent of the neoliberal movement, spearheaded by the elites and the corporate entities and activities, you will see that they have simply taken over those same social institutions and altered them to serve and further their interests.

The church is focusing attention on emotional social issues like abortion or homosexuality and ignoring the whole subject of greed. We actually have televangelists using our modern media to insist that greed and materialism is good and that you will be wealthy and prosperous if you just serve God. Sounds familiar!

The corporations have bought enough academics to rationalize their economic policy making. Then the hopeless ideologues like Friedman, Von Hayek, and Greenspan have assisted in selling it to the masses as an unalterable truth that government should never again attempt to restrain corporate greed and the holy market should be allowed to rule.

The mass media now is controlled by about six large corporations or their subsidiaries. They abolished the FCC restrictions designed to prevent such a takeover and now they have begun an effort to turn the public's mind into mush! Sitting here listening to Bortz and Huckabee and looking at tonight's programing on TV it appears that they have made a lot of progress too!

If you want to reverse the takeover by the corporate interests then you will have to retake each of these social institutions and reemphasize the need to control the greed and corruption that currently plague our society. The working classes have to retake lost ground in this never ending struggle with the forces of greed and corruption.

There is a new discipline that studies the methodology of reform movements. Haven't read any books on that. I'm sure that they have some ideas. Got to run up to "Fresh Foods" --- marching orders from the boss --- so I'll catch you forum folks later. Have a nice day!

posted @ Wednesday, January 15, 2014 - 09:43

UGA to hire FSU defensive coordinator Pruitt

If we expect a similar defensive result to the one FSU achieved this year we are going to have to improve our personnel's overall speed and quickness.( The necessity for playing fundamentally sound is a given.)That means improved evaluation and improved recruiting. Can Pruitt do this?

Kirby had the proven track record in evaluation and recruiting that is one of the critical elements in creating and sustaining a successful defense. We know that he has the "network" in place to recruit at that improved level that we need and he has also been effective in doing this over an extended period. Smart is a proven commodity that has demonstrated these strengths. Unfortunately he ain't coming!

Pruitt, despite this year's early success, has the motivational tool of having to prove himself over the long haul, but at present his abilities remain somewhat of an unknown. The players he used this year were recruited by another DC and they were coached for years by other coaches. GEORGIA gets to be the guinea pig to see if he can sustain with his evaluation, recruiting, and organizational skills what has been a very good beginning to his young career.

Since Pruitt is a secondary coach I suppose that he will fill that position. Grantham coached the outside linebackers. The details of how much control is being afforded to Pruitt to "hire and fire" and run his own show will filter out in the coming weeks. Then we will get some of those answers on staffing which is another critical component.

The only thing that I ask from this new coach is some Saban like attention to all the details, an insistence on intensity, maximum effort, and speed in practice, and an intolerance for any lack of perfection in the execution of assignments. Hopefully, we will do a better job of teaching and improvement in defensive fundamentals will follow.

Will Pruitt be able to contain that CLEMSON spread as effectively as he did this year at FSU? Something to look forward to come September.

posted @ Tuesday, January 14, 2014 - 15:57

Lone Survivor

[quote][b]sweept[/b] - Couldn't imagine anyone being willing to do that, but sounds like some ppl might actually bfeel that way.[/quote]

For the sake of argument I will state the following:

Jesus told us that we should "Offer the wicked man no resistance." He also cautioned us that "He who lives by the sword shall perish by the sword!" "You must love your enemies because if you do not then you are no better than the scribes and Pharisees."(Jesus labeled these religious leaders as hypocrites.)

We have, as Jesus foretold, " ... gathered together teachers that will tell them what their itching ears want to hear." So the party line will persistently be repeated by the good little Nazis who preach hatred and violence in opposition to whatever threat has been constructed for this generation. "Fear not those that can kill you, but those that threaten your soul."

As Professor Lawrence Britt has suggested, the fascist state will corrupt the society's religious beliefs by incorporating them into their political agenda.

So many of the early Christians were tortured and killed for their religious beliefs. Disciples and leaders were no exception --- Peter was crucified and Stephen was stoned by a mob. Like Jesus had directed, they offered no resistance to the "evil men" that tormented and threatened them.

God never sanctified or sanctioned "freedom", "rights", or democracies as some sort of divine government and he never ordained killing and violence to implement or preserve such concepts. That is simply a narrative designed to lead you away from the truth and rationalize your hatred, intolerance, and violence towards others!

If you read a great deal you will know and understand that there are a lot of Christians that share such a construction of Jesus' teachings. Even if you do not share their beliefs do you respect their views and their "right" to believe in that fashion --- that is what freedom and democracy demand!

It's complicated!

My focus of course is on the political and historical aspects of the present and it is frightening that I see a lot of those 14 common characteristics of the fascist state outlined by Professor Britt emerging in our contemporary society. This movie and the passionate response by the public might be construed as a red flag. I suppose a movie about Colonel Daniel Davis and his response and concerns related to our continuing involvement in Afghanistan would be dreadfully boring. Sort of like that "Seven Days In May" film from way back! Most folks on this forum probably don't remember that movie with Burt Lancaster playing the evil military man plotting treason against those weak kneed other Americans.

Today, focusing on Pentagon lies and corruption to justify an unworkable strategy doesn't fit the current corporate narrative --- guess that's why the vast majority of Americans never heard of Daniel Davis.

However, we are intimately acquainted with the personal beliefs of the "duck commander" regarding homosexuality because that has stirred up a hornet's nest. We are also well informed on General Petraeus' sexual adventures. Who is it that is manipulating my thinking?

Just got a new book in from my son in Durham that may provide some insight --- "Presidential Puppetry" by Andrew Kreig. I'll share my views after completing the reading.

In the mean time, we will just have to leave the conscientious objectors alone.

posted @ Tuesday, January 14, 2014 - 08:32

Chinese workers being laid off and replaced with robots.

KING, you might enjoy reading "The Rise and Fall of Neoliberalism: The Collapse of An Economic Order" by Birch and Mykhnenko. This was an indictment of those that have led us down this path and a hope expressed by these British professors, written in 2010, that the 2007 - 2008 collapse was the wake up call that was needed to reroute our elites' policy plans.

A more recent work that is equally critical of these naive policies that the elites have chosen is "The Crisis of Neoliberalism" by Dumenil and Levy.

Unfortunately the work by Mark Blyth, "Austerity: The History of a Dangerous Idea", documents the reemergence of neoliberal planners as the dominant voices in proposing and implementing policy. Reliance on their failed and fundamentally flawed economic theories continues. There are also some insightful looks in that work by the professor from Brown University on the prospects for economic recovery in Europe.

"The Bankers New Clothes" by Admatti and Hellwig is a collection of views on our ongoing failure to correct the systemic issues that doomed the banking system and financial sector.

My wife and son provided me with copies of these titles for Christmas and I spent a week reading these while traveling to Jacksonville and sitting around after Christmas. Also carried and reread my copy of Wolff and Resnick's "Contending Economic Theories". A conceptual analysis of the theories and assumptions that underlie the neoclassical, Keynesian, and Marxist economic schools and their various offshoots. This comparative study is great stuff!

Of course my personal view is that it is the responsibility of every citizen in a democracy to self educate on these pivotal issues. The level of ignorance in this country is appalling and the instinctive and reflexive attacks on the academics who publish by the ideological media types is pure insanity! What can we do to alter this "entertainment" society in which we live?

Of course people who are not ignorant and who are capable of analysis and critical thinking are always a threat to those ideologues that seek to impose their will on the rest of us. Doesn't matter whether they come from the right or the left, historically, they always persecute and deride the "thinkers" and seek to limit the flow of accurate information and the truth! As the French say, "The more things change, the more they remain the same!" How true!

posted @ Monday, January 13, 2014 - 18:42

Grantham reportedly leaving Georgia for Louisville

@melquiades: You are correct that there are significant differences in the traits needed to be successful in the separate venues.

One of the most important for the college coach, even a coordinator or position coach, is the ability to communicate effectively as essentially a salesman. You have to "sell" players, parents, and coaches and establish long term relationships and an effective "network" that allows you to succeed in recruiting which of course is not a part of the pro game.

Another part of the recruiting process is the effective evaluation of talent. It is much easier in the NFL as you choose your personnel primarily from proven products --- a lot more opportunities to observe and a lot more film on players from those college careers.The maturation and development between high school and college is a greater step than the step to get to the NFL. When you evaluate talent and attempt to put it into your scheme you have the added benefit at the pro level of watching the players develop and perform against their peers with less disparity in the performance and talent levels that you can encounter between high schools.

Roster management is also a different proposition. No waivers, injured reserve, or similar devices to allow you to replace losses due to injury. You have 85 scholarships in college ball of course, but you miss on a lot more evaluations and you lose also players to transfers and academics. You have a number of players on scholarship as "dead wood" --- unless you are Saban and can put them on medical disqualifications or convince them to transfer out. There are always the free agency and "trade" routes in the pros to keep enough players on hand at the specific positions where you have issues. There is no such quick fix in the college game.

Teaching players that have already developed their basic fundamentals and who have a greater comprehension of the game has to be easier than introducing the young players to the college game.

Definitely some differences where different strengths are required.

posted @ Monday, January 13, 2014 - 17:30

Should Politicians Wear Uniforms Like NASCAR Racers?

If you read "The Student Loan Scam" by Alan Collinge you will get a clearer picture of the role played by John Boehner in it's passage. He was the new Chairman of the House Education Committee at the time. The draconian provisions on defaults with huge penalties, amounting to usurious charges, the elimination of relief under bankruptcy, and the ability to garnish even Social Security Disability benefits is so one sided in aiding debt collection it is an outrage. According to the book Boehner's daughter got a job in the six figure range for one of the private collection companies. Are the little "perks" like this a bigger problem than the campaign contributions? It is bribery either way and we tolerate it and the Supreme Court sanctions it.

The article in the other link from Sri Lanka illustrates the problems with this country. You can read about the global plans of the elites in the media in Sri Lanka, but in the US everyone is passionately pursuing the latest tidbits on Honey Boo and Miley Cyrus.

How can any democracy expect to survive when it's citizens have abdicated their primary responsibility to keep themselves educated in the affairs of government? The answer to that question is, I fear, is that it will not!

posted @ Sunday, January 12, 2014 - 08:44

Surprisingly weak jobs report puzzles economists

Corporate policies like this one, clothed in all the neoliberal economic myths, have crippled our economic growth. Our national cost for healthcare is a part of this problem. http://www.theamericanconservative.com/articles/boeing-goes-to-pieces/ Seems that our political and business leaders are intent on committing economic suicide.

posted @ Saturday, January 11, 2014 - 15:45

Young: Rather than fight inequality, seek opportunity

@hoodoo: Maybe this will help! http://advisorperspectives.com/dshort/updates/Household-Income-Distribut...

Also note that these changes in figures reflect a historical period where "household income" came to represent the efforts of both spouses working. This is the only way actual declines were avoided.

This and the fact that household debt during this same period expanded from roughly 50% of total annual income to nearly 150% of income allowed families to enjoy the "good life". In other words, the "good life" for the majority came through consumer borrowing.

You will note that even over a period of increasing productivity the wages for working class Americans have been essentially stagnant and actually began declining around 2000. This directly reflects the impact of outsourced manufacturing jobs, the decline of union influences, failure to raise the minimum wage over a decade, and the adverse downward pressure from immigration.

Looks like Cathy's mission is to avoid "Reason" and try to make reality "Unclear".

posted @ Thursday, January 9, 2014 - 11:11

Neoliberal Lies About Unemployment ...

The "definition" or rather description of "neoliberalism" taken from professors Birch and Mykhnenko in that publication set out above is quite utilitarian.

It was a response by classical economists to a crisis threatening their perception of economic order. In 1938 they gatherd in Paris at the walter Lippman conference to discuss the threats from Keynesian interpretation of economics and the fascist states popping up all over Europe. Any serious unified efforts to confront these changes was postponed until after the war. In 1947 at Mt. Pelerin they met again and the Austrian School economists took over the agenda which evolved into a concerted effort to win over the academics. This evolved into a full fledged project to regain legitimacy and derail the Keynesians and other forms of state interventionists. The struggle seized on the defacto end of Bretton Woods in 1971 and used the crisis of stagflation to gain academic and political converts. The use of think tanks and lobbying organizations funded by business interests in order to seize control of the political process was completed over the next decade. The use of international organizations like the IMF, World Bank, and later the WTO to impose Anglo American economic hegemony using the free market principles on the third world, Russia, and Eastern block countries during the restructuring of a collapsed opponent was simply gravy. Collectively the policies were labeled by a British economist, John Williamson, as the "Washington Consensus" and defined as 10 principles of economics derived from Chicago or Austrian free market/free trade concepts that would be allowed to dominate economic reform packages for the target nations imposed by the US Treasury and/or the world economic organizations. Other nations pursued similar policies and reforms on a voluntary and ad hoc basis so that there are many variations or mutations of what might be labeled as "neoliberal" economies.

What neoliberalism became was a somewhat amorphous global hegemonistic project undertaken by ideologically driven liberal economists in response to growing state interventions in capitalist/market oriented economies that had predominated in the first decades of the 20 th Century.

posted @ Tuesday, January 7, 2014 - 17:31

Is it 1914 all over again?

Feels more like 1933.

posted @ Monday, January 6, 2014 - 07:52

Parker: Medicaid expansion opening door to wider government dependency

The myth of "free market" efficiency or superiority being touted by another "think tank"? Americans would appear to be extremely slow learners, however it may just be that the corporate media and these propaganda machines have brain washed them!

The current "corporatist" model for delivering healthcare in the USA is anything but "Free market".

The healthcare sector doesn't want "free market solutions", they want a guaranteed milking machine that will allow assembly line medicine with taxpayer monies and mandated insurance requirements providing the milk. That is why the health insurers wrote the bill to enlarge and mandate the coverage under private insurance and use taxpayer money to pull more uninsured poor cows into the dairy.

Americans are already spending two to three times more per capita for healthcare than the other industrialized and developed countries. This new approach under "affordable care" will encourage the previously uninsured by choice younger citizens to utilize their new healthcare and add those uninsured poor to the rolls as well. This will only exacerbate that healthcare spending gap by enlarging our overall national expenditures and will do absolutely nothing to reduce the cost of the healthcare. It might reduce the cost of insurance for older middle age Americans as the previously uninsured younger Americans are forced to participate and have their premiums added to the pie, but that doesn't correct the cost or spending disparities that exist.

You want a "free market solution"? Outlaw insurance coverage or payment options from others and then end all government payments, whether state, local, or Federal, for healthcare. Make healthcare costs totally non deductible for tax purposes and also make them non dischargeable in bankruptcy. That would be a solid beginning towards a true "free market solution."

We as a nation, under our corporatist economic approach, devote far too much of our GDP to healthcare and that reality is the direct result of a political system where the special interests with the wealth can exert through mass media and campaign funding an inordinate influence over our governmental policy making institutions. Altering the current political and economic paradigm is where reform must begin! The American people are clueless and our corporate controlled media will do nothing to alter that reality. Good luck with your healthcare!

posted @ Sunday, January 5, 2014 - 19:43

Two things to remember if you think this Duck Dynasty thing is about anything except bigotry

No need to apologize, I just did not want to get painted with the "Lyndon La Rouche" brush!

posted @ Sunday, January 5, 2014 - 18:58

Two things to remember if you think this Duck Dynasty thing is about anything except bigotry

[quote][b]davidxto[/b] - For example, mcdawg sees a conspiracy of world power elites[/quote]

I see an economic system, a political system, and a society structured around institutions that enable certain interests to successfully promote and adopt policies that further their own self centered interests. Certainly not a monolithic conspiracy as envisioned by those that drone on incessantly about Bilderbergers and Trilateral Commissions, but undeniably an elite that exert an inordinate influence in our nation's governance --- sometimes through the Council On Foreign Relation, the Committee for Economic Development, or even the two aforementioned organizations. As I stated in another thread, the Mills/Domhoff academic approach as opposed to the "conspiracy of the day" crowd.

posted @ Sunday, January 5, 2014 - 18:21

Living in a red state is hazardous to your health

[quote][b]E.J.[/b] - Two most excellent sentences.[/quote]Well, structure and syntax gets a "D", but you are correct in that the message, once deciphered, speaks the truth!

posted @ Sunday, January 5, 2014 - 14:12

Bernanke: 2014 could be better year for US economy

It is a rigged game boys!

Ever heard of "asymmetry of information" the problem that has beset securities trading since it's inception. The Federal securities laws as originally written focused on the total and accurate disclosure of material information on potential investments with an emphasis on enforcement through massive penalties for any failures. This was the big stick designed to insure compliance.

Today, the warnings of folks like the Greg Smith's and Nomi Prins have helped expose the reality that those laws are useless because the foxes are now guarding the henhouse. Wall Street, Hedge funds, and private equity operations control the policies of the "regulators" at the FED, the Treasury, the SEC, the Justice antitrust division, the CFTC, and the FDIC. They buy the banking and finance committees in Congress and even the President depends on them for financial and political backing.

If you are privy to the knowledge of the future actions of these sources then you can leverage your capital and lay down huge bets on those equities or other securities that are sure winners. If you are not a member of that inner circle with access to that knowledge then those that do share in those disclosures are depending on your playing the game to help finance their legalized "gambling" on sure things.

posted @ Sunday, January 5, 2014 - 14:03

Two things to remember if you think this Duck Dynasty thing is about anything except bigotry

Jeff Madrick documents in "The Age of Greed" the resurgent financial greed that has characterized the period in US financial history since the mid 70s when the pendulum began to swing back from that "enlightened" Vietnam era.

The disciples of that greed have kidnapped America and driven us over a financial cliff. The pathway that facilitated this disastrous endeavor was laid out by those elites in academia like Friedman, Lucas, Fama, and Greenspan that ignored a hundred years of economic History to implement their ideological program premised on human greed.

I have no great love for Brad Pitt and the society of idolatry that he represents, but the catastrophe and consequences wrought by the neoliberal economists dwarfs any naïve misadventures in New Orleans by some Hollywood creation. Making an intellectual pigmy with a chimpanzee for a costar the President was infinitely more damaging for the nation than erecting some shoddy housing in a cesspool. Just another byproduct of a society trapped in the cult of celebrity worship.

Gordon Gekko was a fictional character, but in real life Ivan Boesky, with his crimes against mankind and God, personified the Michael Douglas character that uttered those infamous words that "Greed is good!" The antithesis of the warnings that Jesus left with us that you will either serve God or you will serve Mammon --- the demon of greed. That Gordon Gekko observation was actually spoken by Boesky as he offered his wisdom to the children of some of those elites during commencement exercises at one of those Eastern bastions of liberal thought.

The elites that threaten our continued existence as a prosperous and sovereign nation are anything but liberal ---- they are pragmatists that prey upon and manipulate the masses' reactionary instincts to preserve their positions of aristocratic privilege.

posted @ Sunday, January 5, 2014 - 13:11

Living in a red state is hazardous to your health

[quote][b]Dr Benway[/b] - benefits were cut off. The knock-on impact has been estimated to be costing the US economy up to a billion dollars a week.[/quote]

There are approximately 1.3 million beneficiaries receiving on average $305 per week. A reasonable Keynesian multiplier of around 1.6 would transform that $400 million per week into a negative economic impact of around $640 million a week. There is also the added positive impact on Federal revenues.

The absurdity of the uproar of this "cost" of roughly $48 billion annually (not factoring in lost tax revenue from that "impact") is that it is being inflicted on people who were productive citizens. Meanwhile, back at the ranch, those compulsive gamblers that have helped create this nightmare economic order are selling worthless securities to the FED at the reduced rate of $75 billion monthly and borrowing money at near zero percent interests to buy up their own stocks or lend it at ridiculous interest rates to low income auto buyers.

Where is the outcry over the grand theft of trillions of dollars by those that Greg Pallast labels "vultures"? A poor choice of metaphors and a poor analogy because vultures do not inflict suffering and hardship on living victims. Perhaps leeches, ticks, fleas, round worms, or some other parasite would have more aptly described their activities.

Everyone screaming "conservative" or "liberal" or "Democrat" or "Republican" have been duped into participating in this ideological shouting match --- duped by the elitist run mainstream mass media that uses these intellectual pygmies emotional reactions to elicit the ignorance and intolerance needed to fuel the hatred that focuses attention on the latest red herring offered up for public consumption. The master manipulators have succeeded once again in obscuring the culpability of the real culprits that birthed this debacle!

posted @ Sunday, January 5, 2014 - 11:11

Pot No Bar To Global Police State

Pick up a copy of "Presidential Puppetry: Obama, Romney, and Their Masters". Don't know about your reading preferences, but I'm sure "Cholly B" would love it! While somewhat "conspiratorial" in it's tenor, the scary part is that it is well documented and profusely "noted".

Highly recommended for those of the Mills/Domhoff Schools of elitist governance.

posted @ Saturday, January 4, 2014 - 13:54

Pot No Bar To Global Police State

As you stated, the "jews" represented a special class that was specifically excluded from gun ownership and while the 1938 legislation was more liberal in permitting ownership and possession of rifles and shotguns the whole issue is irrelevant because the Nazis did what they pleased when they wanted and the actual law was simply window dressing.

posted @ Saturday, January 4, 2014 - 12:52

Bernanke: 2014 could be better year for US economy

@CharlesB: Tell it all Brother "B"!

posted @ Saturday, January 4, 2014 - 12:34

Bernanke: 2014 could be better year for US economy

Who writes this nonsense?

Praise him for "transparency" while he is actively opposing any oversight into who is influencing and benefiting from his decision making on interest rates! That is horseshit!

With interest rates hovering near "zero" the corporations are using their increased profits to buy up their own shares rather than investing in job creating investments like R&D and capital equipment. This practice drives up stock prices and creates a new "bubble" to keep the ignorant masses smiling and happy.

The CEOs know that consumer demand is flat and will remain so for the immediate future so expansion and innovation will yield nothing in the short term. A notable exception to consumer spending is autos, where another subprime bubble is being pumped up by loans to poor credit risks at usurious interest rates as explained in the Bloomberg article from November. Auto manufacturers have "banks" that borrow this free money from Bernanke and then loan it to these poor souls to finance cars over 6 or 7 years. What does this accomplish in the long run?

If the economy is doing so great why does the FED have to continue to purchase at an annual rate approaching a trillion dollars essentially worthless securities at their old market values when they are presently unmarketable and worthless? This is done ostensibly so that the "equity" on the balance sheets will permit these financial entities to loan money to consumers and business? A useless policy in a liquidity trap when there is limited borrowing as reflected in the incredibly low current "velocity" in the US money supply. Nomi Prins will tell you that this is simply theft on a massive scale and the corporately owned mass media has become an accomplice in the crime.

The FDIC is suing these little community bank directors all over the state of Georgia while the real thieves continue to loot the US treasury.

When the realities of all this "smoke and mirrors" nonsense is exposed will Brother Bernanke go to jail where he and his banker elite buddies belong?

posted @ Saturday, January 4, 2014 - 12:19

8 arrested in Georgia gambling raid

Why not Wall Street of hedge fund gamblers?

posted @ Saturday, January 4, 2014 - 01:22

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