If you listen to the President, UN Ambassador Powers, and the Presstitute media, you should be protesting the US Govt to lead a worldwide boycott of everything Russian, especially oil and gas. Oh ya, our govt is already doing it. Well, then, why not start protesting for the opening of internment camps for every Russian-American? The only thing worse than the predetermined indictment of Putin for shooting down the passenger jet was the bs about Benghazi, Syria, Obamacare, Hope & Change, and the intentionally destabilizing actions of Israel in Gaza (which will be the topic for another day, but would someone at least ask Netanyahu if he is upset at the US for creating Hamas (to challenge the PLO), like it created al-Qaeda to combat Russian aggression in Afghanistan, and ISIS in Syria)?
Read more »
THOSE WHO HAVE NO INTEREST IN THE POLITICAL ECONOMY, WILL BE FOREVER RULED BY THOSE WHO DO.
Confusion and frustration over geopolitical and economic events stems from a foundation of intentionally erroneous information presented by the establishment to maintain their power and control. Below I have assembled a few critical sources of information that will begin your process of empowerment.
Read more »
First, the govt unleashed Piketty, and now they are calling in a favor from their biggest zillionaire donors, to once again distract the masses from the real source of the economic black hole - govt over spending to protect govt jobs, perks, and power. It’s amazing how the good intentions of zillionaire’s and govt can create so many paved roads to hell. Mr. Hanauer, you are right. The solution will not start in Washington, because no one in govt will downsize themselves as long as their careers are at stake.
I have a much easier solution, Nick. Why don’t you and your zillionaire buddies simply STOP bribing politicians for special tax exceptions, reversing banking laws (i.e. Glass-Steagall) that have already lit a derivative nuclear time bomb, and stop lobbying for anti-competitive laws that have given large corporations unfair competitive advantages, causing prices to rise instead of decline with technological improvements. The healthcare lobby is the biggest example of a fraudster industry that is destroying this country. How, you ask? Spending on healthcare has risen 9.3% per year for over 30 years. Put those numbers in your exponential calculator and smoke it! Combine this increase with Defense spending and unsustainable pension payments, and one can begin to understand how yearly govt deficits (and the accumulated interest payments on the debt) are now consuming such a large percentage of our productive capacity.
Nick, if you really want to help poor Americans and this country, then bring an end to the career politician. If you want real reform to start, and the rule of law to be observed, then fight for term limits. Unfortunately, the only thing that scares a zillionaire more than sheeple brandishing pitchforks, is the rule of law.
The fact that Nick thinks his plan of a higher minimum wage will reduce the demand for govt services is exactly why it won’t happen. The govt will stop anything that reduces demand for its services. However, let’s assume Nick and his zillionaire friends are successful. What makes them think the supply of govt will be reduced with the demand for its services?
Read more »
If it feels like your hard-earned income does not go as far as it used to, you’re right! As Mish and Doug Short document, real weekly wages in the US have declined below $677 from $825 in 1973. This is not a misprint or an accident.
I agree with Mish’s causes for this THEFT - the Fed, fractional reserve lending, and government bureaucrats that are more concerned with their own jobs, perks and power. Nixon closing the gold window, removing the constraint on debt creation, was icing on the cake.
There is one more important cause that should not be ignored. Every one of us who has chosen to simply follow the trend or stick our heads in the sand also bears responsibility for permitting our so-called representatives from running roughshod over our rights and sensibilities. As Ben Franklin said, we’ve got a Republic, if we can keep it.
Read more »
Politicians needing bankers to finance unsustainable political promises with ever increasing amounts of debt is the second biggest reason we are imploding. The primary reason we will implode is because politicians can never admit they are wrong, which is why the ECB just “officially” imposed negative interest rates to force people out of savings and into riskier or hard assets that they will lose (again) to the politically connected class. The US will do something similar to protect their govt jobs/perks/power when the NSA’s attempt to track down money only drives it further underground. Yes, the collection of everything on everyone, including the capture of faces and facial recognition is all about collecting money for a broke govt and identifying who is protesting against intrusive govt, which your govt wants to classify as domestic terrorism, and calls whistleblowers traitors and cowards.
Read more »
When you read the headline, “U.S. says 77,000 banks, firms sign up to fight tax evasion“, what comes to your mind? Do you think like a bureaucrat, believing we can now get those tax-dodging rich people? Before providing some additional background on this devastating, brain-dead law that is already negatively impacting global trade, answer these questions:
- Do you think every American that has a foreign bank account is trying to evade taxes?
- If American businesses and individuals working abroad are trying to evade taxes, or simply trying to minimize them, what do you think they will do with their money now?
As the article mentions, “foreign firms that do not comply with FATCA face a 30 percent withholding tax on their U.S. investment income and could effectively be frozen out of U.S. capital markets.” Even though the enactment of this law was just delayed by a year, likely because they realized the harm it is already causing, most international banks are already refusing to open accounts for Americans to avoid the headaches and potential fines. Instead of the money being available for capital loans and other investments that would drive business and job growth, the money is going to be sunk into high-end real estate, diamonds, art, precious metals, and in private vaults to get it off the grid.
For the first time in Britain’s history, a Third Party has won an election. With Nigel Farage’s UKIP party victory, coupled with Le Pen’s Front National Party win in France, the European establishment is feeling a little less comfortable today. European’s have realized the fraud of the euro, but that does not mean the politicians in Brussels will throw in the towel along with their jobs, perks and power. Quite the opposite. They will likely dig in their heels just like Obama and the US establishment, and clamp down on any protest against the establishment (i.e. OWS and Tea Party), and flood the markets with euros to postpone the inevitable collapse.
The citizens of Britain, France, and the rest of Europe are fighting government corruption, just like the people of Ukraine and Thailand. The US establishment with their propaganda legions in the main street media are trying hard to deflect attention from the core that is also rotten. The fact that Mitch McConnell and other GOP establishment stalwarts did not get defeated means the US still has a long way to go, and the economic contraction that drove European voters to the polls is still on the horizon for US voters. How many people in the US have even heard of Nigel Farage, even though he has been making some of the greatest speeches in front of the EU bureaucrats for years?
Read more »
After watching a great patriotic speech by Ronald Reagan, one cannot help but think of the hypocrisy of modern-day politicians. The sacrifices made by veterans during the great wars continue to be exploited to drum up support for illegitimate, undeclared wars. Pretending to honor the sacrifices of those who served with honorable intentions, while being fully aware of the asset stripping tactics that “force” our military into action, is the only thing more deplorable than sacrificing the lives of veterans so VA administrators can get bonuses.
I apologize to the veterans and families of fallen hero’s who view these facts as disrespectful on Memorial Day. This is not only a day to honor those who have sacrificed for our freedoms, but to reflect on realities, like the govt crime syndicate that is destroying our freedoms in the name of patriotism … and Ron Paul seems to agree.
Future soldiers should be aware of who the real enemy is and have a grasp of the facts before deciding to lay down their lives. They could start by visiting a VA hospital or research the Benghazi and Navy Seal scandals, or the Oklahoma City bombing and 9/11 disasters before enlisting to better understand what your govt thinks of you and the rest of the serfs. Ideally, all citizens would read and investigate how our captured politicians have used the CIA, NSA, and other govt employees to do the bidding of multinational corporations. If they read the first hand accounts from John Perkins, Greg Palast, Pepe Escobar, and others who have relentlessly documented the tactics of US paid Economic Hitmen, Jackals, DOD contractors, and military enforcers, then those that go to Arlington Cemetery would also camp on the National Lawn until the abuses of military families ended.
Read more »
Since many others have the same question, I highly recommend you read Armstrong’s answer.
There should be little doubt that the US will not be sheltered from the sovereign debt crisis that has only started to rear its ugly head, first in the PIIGS and is now moving on to the more indebted emerging economies and the BRICS. How bad will the spiraling vortex of debt and corruption get? The first thing one needs to understand to answer this question is, how will the govt treat protestors who voice their disgust over the black hole of govt corruption and largess that is imploding the productive capacity of the world? Will our govt treat protestors like those in Egypt, where 1,112 protestors have been sentenced to death, and more mass trials are scheduled. In predictable fashion, the US govt denounces these executions, but continues to send massive amounts of military aid to the junta in charge.
Read more »
It’s not only the govt that’s scared and getting desperate. Their suckling’s in the so-called conservative and libertarian media are also showing their true colors. The latest tactic by the establishment media, that will sell their soul at the drop of a dollar, is to smear Clivan Bundy in an attempt to distract the masses from the truth.
Your clue that the establishment is seriously worried is when all sides of the establishment-controlled media begin singing from the same sheet of music. “Cattle Gate” is the latest example. Have you noticed how EVERYONE in the establishment media now wants you to reject the real issue of govt over-reach, because Mr. Bundy had his comments taken out of context on a valid point – that the so-called “social justice” policies pumped by Democrats have done nothing for blacks and made them slaves to the establishment? Please listen to the UNEDITED version, and you tell me who is the racist … because it isn’t Clivan Bundy. The one truth that you can take to the bank is if everyone in the mainstream media is singing the same tune, then the music was composed by the establishment and you should change the station immediately.
Read more »