Category Archives: The Importance of Strategic Planning

Inexcusable Delay-Another reason for a change in Washington

Senate Leaves Credit-Starved Small Biz Hanging – Los Angeles Times Small businesses desperate for government help getting loans will have to wait at least until September before Congress moves on long-awaited legislation to pay for higher loan guarantees, lower fees … Continue reading

Posted in A Shareholder-Not Just a "Stakeholder", A State of Distress, Small Business-Bedrock of America, The American Financial Oligarchy, The Arrogance of Power, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Importance of Strategic Planning, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, The New American Socialism, The Obama OMG magic factory, The Sorry State Of American Manufacturing, The Suffering Poor, The excellent adventures of Ben Bernanke, Time For A New Third Party, US Trade Imbalance, Unemployment Catastrophe, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still!, Why is the first Black President incompetent? | Leave a comment

The Committee to Defraud the World

To say now that ‘No one knew’ or ‘I was mistaken’ or ‘I was just doing as I was told’ is another in a series of lies and deceptions that have supported one of the greatest frauds in the history … Continue reading

Posted in A Moral Question - Not A Political One, A Shareholder-Not Just a "Stakeholder", A Time To Repent, AIG and all that....., Analysis & Commentary, Bilderbergers 1 USA 0, Collateral Damage, Coming Social Unrest, Consumption Ran the Old Economy, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Devaluation, Did they ever hear of GAAP?, Dismal Science-Ignorant Scientists?, Economic Analysis Isn't Science, Even the Terminator Can't Help California, Goldman: Underwriter or Undertaker?, Greenspan is kind of stupid, Insolvency, It Is Supposed to be a Republic!, Jacksonian Democracy, Let's Call What It Is - DEPRESSION, Moral Hazard, No Bank Is Indispensable, Obama's Hypocrisy, Our phony middle class, Patience is a virtue...Delusion is a vice, Small Business-Bedrock of America, Smaller Can Be Better, Social Security Time bomb, Socialism, TARP fruit loops, The American Financial Oligarchy, The Arrogance of Power, The Consequences of Greed, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, The New American Socialism, The Obama OMG magic factory, The Sorry State Of American Manufacturing, The Suffering Poor, The excellent adventures of Ben Bernanke, Those Quarky Accounting Rules, Time For A New Third Party, Truth In Charity, USA Is the New Japan, Unemployment Catastrophe, Unindicted Co-Conspiritors, Unintended Consequences, Wage Deflation, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still!, Why is the first Black President incompetent? | 1 Comment

Bad Meat

MAD MEAT! How Securitized Lending Collapsed the Financial System, Eric Von Berg (a commercial property mortgage banker and was the President of the California Mortgage Bankers Association during the heat of the market who has been watching “Regulatory Reform” as … Continue reading

Posted in Secularized Lending, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Global Economy, The Habits of Hedge Funds, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The Judeo-Christian Political Coalition, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, The Summers Exit Watch, The excellent adventures of Ben Bernanke, Time For A New Third Party | Leave a comment

CBO Propaganda

I’ve seen some eye-poppin’, credulity-stretchin’ accounts in my time. The report “The Budgetary Impact and Subsidy Costs of the Federal Reserve’s Actions During the Financial Crisis,” just released by the Congressional Budget Office, ranks with the most extreme. It claims … Continue reading

Posted in THEY ARE ALL THE SAME, The American Financial Oligarchy, The Arrogance of Power, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, The Summers Exit Watch, The excellent adventures of Ben Bernanke, Time For A New Third Party, Truth In Charity, US Trade Imbalance, USA Is the New Japan, Unemployment Catastrophe, Unindicted Co-Conspiritors, Unintended Consequences, Wage Deflation, Want To Buy A Car?, We Are All Cooked, We Have Become Beggars To The World, We Need Open Derivative Models, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still!, Why is the first Black President incompetent? | Leave a comment

Wall Street Big Fish Stink From The Head Down

Obama’s financial reform will fail because all the masters of the universe know how to do is make money. Wall Street’s Big Fish Stink From The Head Down – Robert Lenzner, Forbes

Posted in THEY ARE ALL THE SAME, The American Financial Oligarchy, The Financial Elite, The Geithner Resignation Watch, The Habits of Hedge Funds, The Importance of Strategic Planning, The Intrusion of UNLAWFUL Authority, The Summers Exit Watch, The excellent adventures of Ben Bernanke, Those Quarky Accounting Rules, Time For A New Third Party, Truth In Charity, Who Guarantees the Guarantor?-You Do! | Leave a comment

“Of Rats and Sinking Ships”

Larry Summers is reportedly leaving later this year, and Andrew Cockburn reports that Rahm Emanuel, Obama’s acutely verbal Chief of Staff is said to be looking for other employment, preferably a high paying job on Wall Street with little work … Continue reading

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, Analysis & Commentary, Obama Bingo, Obama's Hypocrisy, Our phony middle class, Political Chaos, Politicians, Prostitutes and Pimps All Rhyme, Ron Paul Stands Tall, Small Business-Bedrock of America, Stupid!, Sub-Prime anytime, TARP fruit loops, THEY ARE ALL THE SAME, The Arrogance of Power, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, Time For A New Third Party, USA Is the New Japan, Wage Deflation, Want To Buy A Car?, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Why is the first Black President incompetent? | Leave a comment

Greenspan helps create the problem and then explains it?

Washington’s Blog Greenspan’s big defense is that the financial crisis was caused by a “once-in-a-century” event. Forget about the fact that the “once-in-a-century event” couldn’t have happened if Greenspan’s Fed hadn’t: Turned its cheek and allowed massive fraud Acted as … Continue reading

Posted in Greenspan is kind of stupid, History of Finance, IT'S ALL ABOUT POWER AND MONEY, It Is Nice To Be Part of the Elite!, Jacksonian Democracy, Monetary Policy - Discussion, Moral Hazard, Obama Bingo, Our phony middle class, Patience is a virtue...Delusion is a vice, Politicians, Ron Paul Stands Tall, TARP fruit loops, The Arrogance of Power, The Bear Facts, The Consequences of Greed, The Global Economy, The Importance of Strategic Planning, The Intrusion of UNLAWFUL Authority, The excellent adventures of Ben Bernanke | Leave a comment

The Furrows of Algeria: The First Great Novel About Islamism

From the terrible Algerian slaughter, and its terrible silence, comes this small tale, told by an officer of the special forces who broke with “Le Pouvoir” of his own country and sought asylum in France. It is the autumn of … Continue reading

Posted in Coup d'etat in America, IT'S ALL ABOUT POWER AND MONEY, Integrity and Responsibility, It's the Tribes, The Arrogance of Power, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, Time For A New Third Party, We Are All Guilty | Leave a comment

Does It Make Sense to Resurrect the Glass-Steagall Act?

In the present system, the more unrestricted the banks are, the more money they can generate “out of thin air,” and the more damage they can inflict upon the wealth-generation process. FULL ARTICLE by Frank Shostak

Posted in A Growing List Of One Term Presidents, A Moral Question - Not A Political One, A Shareholder-Not Just a "Stakeholder", A State of Distress, A Time To Repent, AIG and all that....., Audit the auditors?, Back to the basics, Bank Failures, Banks - Crisis Discussion, Collateral Damage, Consumption Ran the Old Economy, Coup d'etat in America, Figures don't lie but Liars can figure, Negative Cash Flow, No Bank Is Indispensable, Our phony middle class, PANDEMIC, Regulation - the Discussion, Regulatory Failures, The Consequences of Greed, The Democrats Blew It Again, The Financial Elite, The Geithner Resignation Watch, The Importance of Strategic Planning, The Joy of Being A Bank, The excellent adventures of Ben Bernanke, “the Greenspan doctrine” | Leave a comment

Why Obama is Now (finally) Getting Tough on Wall Street

Originally published at Robert Reich’s Blog For almost a year now, Democratic pollsters have been pointing out how much the public hates the bank bailout and despises Wall Street. But there was no reason for Democratic leaders in Congress or … Continue reading

Posted in The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The Judeo-Christian Political Coalition, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, The excellent adventures of Ben Bernanke, Time For A New Third Party, US Trade Imbalance, USA Is the New Japan, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still! | Leave a comment

Sic transit America?

Flagging: a US sailor stands on the flight deck of the aircraft carrier USS George Washington If a week is a long time in politics, a decade is starting to look like an age in geopolitics. Comparing the America that … Continue reading

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, AIG and all that....., Back to the basics, Collateral Damage, Coming Social Unrest, Commercial Real Estate Bust, Consumption Ran the Old Economy, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Devaluation, Dismal Science-Ignorant Scientists?, Even the Terminator Can't Help California, Federal Reserve-Discussion, Figures don't lie but Liars can figure, IT'S ALL ABOUT POWER AND MONEY, Integrity and Responsibility, Is The Market Rally Real?, It Is Nice To Be Part of the Elite!, It starts with a foundation, Monetary Policy - Discussion, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos, Politicians, Prostitutes and Pimps All Rhyme, Small Business-Bedrock of America, Sub-Prime anytime, TARP fruit loops, The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Global Economy, The Habits of Hedge Funds, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, The New American Socialism, The Sorry State Of American Manufacturing, The excellent adventures of Ben Bernanke, Time For A New Third Party, Truth In Charity, US Trade Imbalance, USA Is the New Japan, Unemployment Catastrophe, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, “the Greenspan doctrine” | Leave a comment

Bernanke Versus the Austrians

My essay in today’s American Spectator Online looks at why Ben Bernanke should not be confirmed to a second term as Chairman of the Federal Reserve: Two planks in Bernanke’s recovery strategy: Expand the money supply like a banana republic … Continue reading

Posted in The Arrogance of Power, The Austrian School of Economics, The Consequences of Greed, The Economics of Schumpeter, The End of American Capitalism As We Know It? - Discuss, The Global Economy, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The excellent adventures of Ben Bernanke | Leave a comment

Obama’s Big Sellout

Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for … Continue reading

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, AIG and all that....., Analysis & Commentary, Bilderbergers 1 USA 0, Coming Social Unrest, Consumption Ran the Old Economy, Deflation-Inflation-Stagflation, Devaluation, IT'S ALL ABOUT POWER AND MONEY, Insolvency, Is Goldman Sachs Evil?, It starts with a foundation, Political Chaos, Small Business-Bedrock of America, Small Cap Stocks, Smaller Can Be Better, Socialism, TARP fruit loops, The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The Judeo-Christian Political Coalition, The New American Socialism, The excellent adventures of Ben Bernanke, Time For A New Third Party, USA Is the New Japan, Unemployment Catastrophe, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still! | Leave a comment

The Big Government Boss isn’t going away

“Hindsight is a wonderful thing,” said Timothy W. Long, the chief bank examiner for the Office of the Comptroller of the Currency. “At the height of the economic boom, to take an aggressive supervisory approach and tell people to stop … Continue reading

Posted in A Growing List Of One Term Presidents, A Shareholder-Not Just a "Stakeholder", A State of Distress, AIG and all that....., Analysis & Commentary, Coming Social Unrest, Commercial Real Estate Bust, Deflation-Inflation-Stagflation, IT'S ALL ABOUT POWER AND MONEY, Is Goldman Sachs Evil?, It starts with a foundation, No Bank Is Indispensable, Obama's Hypocrisy, Our phony middle class, Political Chaos, Regulatory Failures, Small Business-Bedrock of America, Smaller Can Be Better, Socialism, TARP fruit loops, The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Habits of Hedge Funds, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The New American Socialism, The excellent adventures of Ben Bernanke, Unemployment Catastrophe, Unindicted Co-Conspiritors, Wage Deflation, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still!, “the Greenspan doctrine” | Leave a comment

Did “Smart Guys” Destroy Wall Street?

I think Calvin Trillin–or at least his bar-room companion–is really on to something here: “The financial system nearly collapsed,” he said, “because smart guys had started working on Wall Street.” … I reflected on my own college class, of roughly the same … Continue reading

Posted in IT'S ALL ABOUT POWER AND MONEY, It Is Nice To Be Part of the Elite!, Risk Management Strategies, THEY ARE ALL THE SAME, The Consequences of Greed, The Danger of Volume Trading, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Importance of Strategic Planning, The Inherent Disorder of Empires, Time For A New Third Party, Unindicted Co-Conspiritors, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, What Is An Investment Asset?, Who owns Congress-Still! | Leave a comment

The Gold Standard and the Great Depression

Paul Krugman has concentrated his fire recently on those “thumping their chests” over the falling dollar. He has particular scorn for those recommending a return to the gold standard. In Krugman’s view, a simple look at the historical facts will … Continue reading

Posted in Analysis & Commentary, Dismal Science-Ignorant Scientists?, Dollar Musings, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The excellent adventures of Ben Bernanke | Leave a comment

Thinking through central bank independence

I have a column in Financial Express today on the rationale for independence of the central bank, and how this is operationalised in democracies. The rationale for central bank independence The starting point of modern thinking on monetary policy is … Continue reading

Posted in Federal Reserve-Discussion, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Habits of Hedge Funds, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The New American Socialism, The excellent adventures of Ben Bernanke | Leave a comment

Electric Car Race

A Wide Open Race for Industry Leadership Warren Buffett has invested in China’s BYD, but columnists Anil Gupta and Haiyan Wang caution against putting too much faith in its early-mover advantage.

Posted in Tech News, The Democrats Blew It Again, The Disappearing Car Makers, The Importance of Strategic Planning | Leave a comment

The Truth About Jobs That No One Wants To Tell You

Unemployment will almost certainly in double-digits next year — and may remain there for some time. And for every person who shows up as unemployed in the Bureau of Labor Statistics’ household survey, you can bet there’s another either too … Continue reading

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, Coming Social Unrest, The Disappearing Car Makers, The Financial Elite, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, The excellent adventures of Ben Bernanke, Time For A New Third Party, Truth In Charity, Unemployment Catastrophe | Leave a comment

The growing debt bomb – Facing a one- to three-year countdown

By Richard W. Rahn Assume you had put much of your savings into U.S. government bonds and then you learned the following. In just the last eight months, the Congressional Budget Office estimates of the amount of additional federal debt … Continue reading

Posted in The China Dilemma, The Global Economy, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, Time For A New Third Party, Wage Deflation, Watch The China Market, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do! | Leave a comment

Operation Rollback: Wal-Mart’s World of Business

The expansion of international “supply chains” from Asian factories to American consumers has certainly created global trade imbalances and international currency flows that are not necessarily sustainable over the long run. A readjustment of the world economy, not a slackening … Continue reading

Posted in A Shareholder-Not Just a "Stakeholder", A State of Distress, Back to the basics, Book Reviews, Important Skills - No Apprentice Programs, Market Strategies, Our phony middle class, Patience is a virtue...Delusion is a vice, Strategizing Suppy Chain Links, The End of American Capitalism As We Know It? - Discuss, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Sorry State Of American Manufacturing, US Trade Imbalance, Unemployment Catastrophe, Unindicted Co-Conspiritors, Wage Deflation, Watch The China Market, We Are All Cooked, We Have Become Beggars To The World | 1 Comment

Zombie GM Stock is Proof Humans Are Not Rational

I have mentioned this in the past, but its one of those absurdities that refuses to die: “Whether it’s a matter of ignorance or greed, people are still buying General Motors stock, even though the company and the government have … Continue reading

Posted in The Disappearing Car Makers, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, Want To Buy A Car? | Leave a comment

An early warning?

the Global Macro EconoMonitor: Could an Early Warning System have Predicted the Crisis? by Mark Thoma Also: China in Global Economic Recovery by Danny Quah

Posted in The Importance of Strategic Planning, The Inherent Disorder of Empires | Leave a comment

Sic Transit Gloria America

As U.S. deficits increased, global investors edged away from the dollar into the German mark, the Japanese yen, the Swiss franc, the Euro, and more recently baskets of Asian currencies. Which brings us to today. Only goodwill (defined both as … Continue reading

Posted in A Growing List Of One Term Presidents, China and the Treasuries - A Dependency Relationship, Death of the Dollar, Dollar Musings, Even the Terminator Can't Help California, Global Trade, Insolvency, Our phony middle class, The China Dilemma, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Global Economy, The Importance of Strategic Planning, The Sorry State Of American Manufacturing, US Trade Imbalance, Watch The China Market, We Are All Cooked, We Have Become Beggars To The World | Leave a comment