Madoff Was A Piker — America’s Big Banks Are a Far Larger Fraudulent Ponzi Scheme | Corporate Accountability and WorkPlace | AlterNet

2009/04/07

Moyers Journal: Madoff Was A Piker — America's Big Banks Are a Far Larger Fraudulent Ponzi Scheme | Corporate Accountability and WorkPlace | AlterNet.

I have said this for years. To have believed all the hype over the last fifteen years one would have to believe in magic. Most of the wealth in this country as calculated by the dollar value of all notional currency is inherently false. Call it inflation, call it fraud, it is not real. All pension plans derive their ability to pay from current production regardless of notional contributions. We have an 18th century cash drawer mentality for a economy that is mismatched to that era’s ethos. If that fundamental contridiction is not addressed we will revist this again, the burst bubble, and want in a land of plenty.


It’s Always Hysteria with Some People

2009/03/22

The economy is bad, but in no way comparable to the Great Depression. Think 1974 or ’82. Though I respect Mr Obama, I do not support the current policy on helping the economy. It is money-centric games. We need to fight deflation, true. But this current imbroglio is a phenomenom of money and not actual productivity. People need jobs, housing, food. Get that in order, regulate phoney baloney financial manipulation, and that fixes most of our troubles. Careening from one financial scheme to another is no way to fix the economy.


DNC Blasts Boehner For Claiming GOP No Longer Plans To Legislate

2009/03/15


The GOP doesn’t deserve the attention it gets. But the Media turn everything into a horse race. The GOP are counter productive lunatic traitors to our country. A pox on them!
More on Video
Read the Article at HuffingtonPost


Primer on the Subrime Meltdown

2009/03/15

http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true


Dollar Hegemony Imperilled

2009/03/07

America, albeit not all Americans, have benefited from the Dollar as the world reserve currency. The organizational structures and peace that follwed WW2 by definition favored the US. That other nations benefited too, is indisputable yet we benefited most: and many nations suffered under that regime. It may be past time that the post WW2 system can be saved, if that is the case, it is a certainty that it is all the US;s own fault. More and more people and politicians are becoming aware and interested in a solution to the situation. Here is an article in that regard. Suffice to say that military adventurism, and a complete lack of fiscal prudence over a long time brought us here. And lets not blame Keynes, who like Adam Smith and many other thinkers had their theories and writings reduced to some flippant maxim.


Right Doubling Down On Ayn Randism

2009/03/06


There are some good comments already. My own 2 cents is that Randinans and Marxists both in common require that human nature changes in order to work. Not too likely I think.
More on Barack Obama
Read the Article at HuffingtonPost


Worst Week Ever: Republicans Unhinged

2009/02/28


I can hardly wait for the further slaughter the GOP will suffer in 2010. Becoming not just the minority party, but a minor party. If the 2008 was the GOP’s Stalingrad, then 2010 will be their Kursk, the death ride of the GOPWaffe, for you historical buffs. Essentially the GOP has decided they weren’t Rightwing enough, consequently they will be slaughtered in 2010 barring unforeseen developments.
More on Michael Steele
Read the Article at HuffingtonPost