Category Archives: The New American Socialism

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

“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

Howdy, Neighbor!

When asked what advice he would give to residents of Ashtabula County Ohio because of cutbacks in official law enforcement budgets, Judge Alfred Mackey said they should: “arm themselves. Be very careful, be vigilant, get in touch with your neighbors, … Continue reading

Posted in A State of Distress, A Time To Repent, Collateral Damage, Coming Social Unrest, Coup d'etat in America, Greenspan is kind of stupid, Insolvency, Let's Call What It Is - DEPRESSION, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos, Ron Paul Stands Tall, Stress Test Mess, Subsidiarity, TARP fruit loops, The Austrian School of Economics, The Consequences of Greed, The Democrats Blew It Again, The Economics of Schumpeter, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The excellent adventures of Ben Bernanke, Those Quarky Accounting Rules, Unemployment Catastrophe, Unindicted Co-Conspiritors, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Who owns Congress-Still! | Leave a comment

The Independence of the Fed

There is a thesis that the banks are in control of the Fed and as a result have gained control over the issuance of the currency of the United States. This thesis is based on the fact that the shares … Continue reading

Posted in Political Chaos, Regulatory Failures, Ron Paul Stands Tall, Securitization, Small Business-Bedrock of America, Smaller Can Be Better, Stress Test Mess, TARP fruit loops, The Consequences of Greed, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The excellent adventures of Ben Bernanke, Time For A New Third Party, Unindicted Co-Conspiritors, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still! | 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

Why Some People Are Poorer

In recent months, there has been a good deal of discussion of change in the United States. Sadly, over the last two centuries, the direction in which this country has been changing seems to be away from liberty and towards … Continue reading

Posted in THEY ARE ALL THE SAME, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The Judeo-Christian Political Coalition, The New American Socialism, Time For A New Third Party, Truth In Charity, Unindicted Co-Conspiritors, We Are All Guilty, 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

Morality vs. Material Interests

Myths of Our Times By Paul Craig Roberts Humanity has endeavored for millennia to control evil with morality. In the American “superpower,” this effort has collapsed and failed. Continue

Posted in Analysis & Commentary, Bilderbergers 1 USA 0, The Arrogance of Power, The Financial Elite, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, The New American Socialism, Time For A New Third Party, Truth In Charity, Unindicted Co-Conspiritors, We Are All Guilty, Who owns Congress-Still! | Leave a comment

Break for Companies in Bailout’s Fine Print

One of the federal government’s most opaque methods for bailing out the banking system allowed a handful of giant institutions to save up to $25 billion on their borrowing costs, a Congressional panel estimated on Friday. Seven companies received about … Continue reading

Posted in A Growing List Of One Term Presidents, A Shareholder-Not Just a "Stakeholder", A State of Distress, IT'S ALL ABOUT POWER AND MONEY, Is Goldman Sachs Evil?, It Is Nice To Be Part of the Elite!, It starts with a foundation, Obama's Hypocrisy, Political Implications, Prostitutes and Pimps All Rhyme, Socialism, 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 Financial Elite, The Geithner Resignation Watch, The Intrusion of UNLAWFUL Authority, The New American Socialism, Unindicted Co-Conspiritors, 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

Entrepreneurs: The Real “Peace Prize” Winners

We live in ludicrous times of rewarding good appearance for evil action. President Obama is awarded the Nobel Peace Prize while his war efforts intensify. But those who are true promoters of peace need attention, for they will never likely … Continue reading

Posted in Small Business-Bedrock of America, Small Cap Stocks, Smaller Can Be Better, The End of American Capitalism As We Know It? - Discuss, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism | Leave a comment

Robbing Peter to pay Paul

As political pressure has reduced the price tag of expanding coverage to below $1 trillion over ten years, many observers assumed Democrats would react by trimming financial assistance for the middle class–that is, people making between twice and four times … Continue reading

Posted in A State of Distress, THEY ARE ALL THE SAME, The Democrats Blew It Again, The Inherent Disorder of Empires, The New American Socialism, The Suffering Poor, Time For A New Third Party, Truth In Charity, Unemployment Catastrophe, Unindicted Co-Conspiritors, 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

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

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

Fed Rejects Geithner Request for Study of Governance, Structure

Sept. 21 (Bloomberg) — The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the central bank’s structure and governance, three people familiar with the matter said. The Obama administration proposed … Continue reading

Posted in Monetary Policy - Discussion, Ron Paul Stands Tall, The Arrogance of Power, The Democrats Blew It Again, The Financial Elite, The Geithner Resignation Watch, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The excellent adventures of Ben Bernanke, Time For A New Third Party, Unindicted Co-Conspiritors | Leave a comment

It’s Unemployment, Stupid!

Pittsburgh protesters demand G20 do more for jobs Forbes “We’re not going to accept a jobless recovery,” said Larry Adams, a postal worker who came from Jersey City, New Jersey, for the protest. …

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, Back to the basics, China and the Treasuries - A Dependency Relationship, Coming Social Unrest, Consumption Ran the Old Economy, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Even the Terminator Can't Help California, Figures don't lie but Liars can figure, Important Skills - No Apprentice Programs, Is The Market Rally Real?, New Jersey Recovery?, Obama's Hypocrisy, Our phony middle class, Political Chaos, TARP fruit loops, The Arrogance of Power, The Democrats Blew It Again, The Disappearing Car Makers, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, Time For A New Third Party, Unemployment Catastrophe, Wage Deflation, 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! | 1 Comment

“the short period of American triumphalism, where we dominated the global scene. That period is over”.

Stiglitz Says U.S. Economic Recovery May Not Be ‘Sustainable’ By Michael McKee Sept. 4 (Bloomberg) — The U.S. economy faces a “significant chance” of contracting again after emerging from its worst recession since the 1930s, Nobel Prize-winning economist Joseph Stiglitz … Continue reading

Posted in A Growing List Of One Term Presidents, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Inherent Disorder of Empires, The New American Socialism, The Sorry State Of American Manufacturing, Time For A New Third Party, US Trade Imbalance, Unemployment Catastrophe, We Are All Cooked, We Have Become Beggars To The World, Who owns Congress-Still! | Comments Off

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

Food for Thought

From the Mises Institute: Obama and the Economy by Llewellyn H. Rockwell, Jr. What Is the Proper Way to Study Man? by Murray N. Rothbard Why the Current Policy Prescriptions Cannot Possibly Work by Thorsten Polleit

Posted in The Arrogance of Power, The Austrian School of Economics, The Economics of Schumpeter, The End of American Capitalism As We Know It? - Discuss, The Inherent Disorder of Empires, The New American Socialism | Leave a comment