I strongly recommend reading this, an explanation by a noted economist of why the nationalization of AIG was unnecessary — there were alternatives (which were legal, unlike the dubious course chosen by Paulson and Bernanke). Printed in full, with permission of the author. “The transformation of the USA into the USSRA (United Socialist State Republic …
Another voice warning about the nationalization of AIG Read More »
America is changing while we debate the minutia of the presidential candidates’ syntax and style. No conspiracies, nothing hidden. A Tonkin Gulf resolution for our generation.  The Executive branch reshapes our economy in plain sight. With just a nod from Congress (no tiresome bother with debate and voting). Not only is our economy being restructured, but powerful precedents …
Say good-bye to the old America. Welcome to our new socialist paradise! Read More »
From a brilliant observer writing from Javea, Spain. An essay from someone well worth listening to. I strongly recommend reading it, carefully. The November electons are coming, and they might be the last exit off the road we’re traveling. “Summer Holiday? I wish it were…”, Raoul Pal, GMI, August 2008 — Excerpt: The World’s biggest …
Reading the classic literature helps in many ways. Such as saving time when following current events. The same patterns repeat themselves over and over, facilitating recognition and understanding. For instance, consider the current financial crisis. Speculators of all kinds, from banks to hedge funds, have made bad bets and lost money. Accordingly, we are told, …
