financial crisis

America appoints a Magister Populi to deal with the financial crisis

By / 10 Comments / 26 April 2012

Summary:  as our ruling elites use the financial crisis to gather economic and political power, the next step is the granting of extraordinary powers to our Executives.  Following historical precedent, these will follow the usual forms while greatly changing the substance. Contents A historical precedent Hot excerpts from the Paulson proposal See the following post:  …

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Slowly more voices are raised about the pending theft of taxpayer money

By / 9 Comments / 14 November 2008

Slowly the terror and panic subsides.  The outrageous claims of certain doom come from members of several groups, the largest being… those who seek to raid the government’s coffers, regulators, who malfeasance had a large role in creating the problem, statists, excited at the prospect of expanding the government’s power. A quick look at the Paulson/Bernanke proposal …

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A new sitrep, as we move into phase 3 of the financial crisis

By / 27 Comments / 26 May 2015

Summary:  In response to the growing financial crisis, the government at last takes large-scale measures to stop the rip.  These move us ever farther from a free-market system, towards an increasingly centralized and government-dominated economy.  Taken in haste, we will have a long-time to consider the wisdom of these steps.  Few things so effectively panic …

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Another step away from our Constitutional system, with applause

By / 6 Comments / 21 September 2008

Summary:  A crisis like we have today tests both out system of government and America’s values.  How is our Constitutional regime doing?  Not so well, taking more hits to its already weak superstructure.  Not that many in America care, as we still have cable to watch as our Republic slowly fades away. Systemic failure manifests …

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A vital but widely misunderstood aspect of our financial crisis

By / 21 Comments / 18 October 2008

Summary:  an analysis of the core problem in the US housing market, a problem often ignored by analysts.  The years from 1929 to 1933 were, for America, a succession of breaking idols and abandoned faiths, some of them the notions of willful children, some deeply ingrained in the character of the nation.    — The …

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