Where were these geniuses when CDO's hit the securities market and investment banks began betting against themselves with derivatives? Politicians and Wall Street firms make strange bedfellows, except to maintain the status quo in order to secure their own retirement and posterity.
Monday, September 6, 2010
S&P Says US Should Act to Protect AAA-Rating: Report - CNBC
Sunday, September 5, 2010
SAUDI OIL PRODUCTION � The Burning Platform
It's not too late for our Nation or we as individuals to turn to God and be saved from the wrath that is to come, for with the mouth, confession is made to salvation, and with the heart, man believes unto righteousness (Rom 10:10) and blessed is the nation whose god is the lord (Psalm 33:12)
The Devil doesn't know when Christ will return, so he keeps the world teeter tottering, ready to push it over at a moments notice. He knows his end, and will take as many of us with him as he can. Save yourself, accept Jesus as Lord and Saviour in your life, and you will have eternal life, the gift of holy spirit, and all hell will not prevent you from entering heaven.
SAUDI OIL PRODUCTION � The Burning Platform
The Devil doesn't know when Christ will return, so he keeps the world teeter tottering, ready to push it over at a moments notice. He knows his end, and will take as many of us with him as he can. Save yourself, accept Jesus as Lord and Saviour in your life, and you will have eternal life, the gift of holy spirit, and all hell will not prevent you from entering heaven.
SAUDI OIL PRODUCTION � The Burning Platform
Monday, August 30, 2010
Second Round of Stimulus?
There seems to be no doubt that a second round of stimulus is needed. States budget gaps are near the breaking point and unemployment is not improving, which is no wonder when you pay people to not work. Stimulating the economy to provide jobs is the correct course of action, jobs which corporate America was allowed to send overseas, or hire immigrants who will work for less than their American counterparts, and send the bulk of what they make back home to feed their families there.
Jobs will not magically appear until a concerted effort is made to employ people. Corporations should be held accountable for their actions, but instead are deemed "too big to fail" while American families are the ones left to suffer.
Jobs will not magically appear until a concerted effort is made to employ people. Corporations should be held accountable for their actions, but instead are deemed "too big to fail" while American families are the ones left to suffer.
Wednesday, August 18, 2010
interfluidity � Monetary policy for the 21st century
I appreciate your article. Almost any proposal is better than the chaos that could ensue if the downward spiral of unemployment and depressed demand isn’t contained. It’s a shame the powerful and the elite have acted so recklessly in the pursuit of gain, that the average person may be potentially left with nothing. It isn’t too far removed from feudalism, and the peasantry may well rise against the elite if things get bad enough. The history of civilization is one of conquest and man’s rising against oppression.
You stated that “central bankers understood very well the importance of wage suppression, and emphasized their willingness, their “credibility”, to push back hard against any increase in the share of income accruing to labor.” Given the three inputs of production are capital, labor, and material and assuming $1 of input from each, we can dismiss the cost of material as a form of rent. The laborer is paid their $1 of wages and told, thank you very much, but the capitalist assumes more than $1 in return. This is in effect the flaw in capitalism that can be easily corrected by profit sharing.
I was an undergraduate in Economics in the mid 80’s, the fall of the Soviet Union and the stock market crash of 1987 were the prominent events of the decade. Businesses had suffered during the 1970’s with peak oil and tight credit. The crash of 1987 was merely a hiccup during the highest period of prosperity of the 20th century. Stocks gained ten-fold in value and the tech bubble of 2000 came near the end of the period. When stocks weren’t making two digit returns, the baby boomers saw real estate as a natural avenue for their accumulated wealth, and we saw the gentrification of urban areas and vacation retreats. It was around this time that Congress, for whatever misguided reason, felt it their duty to increase housing ownership for those unable to afford it. Mortgage lenders saw an opportunity to generate commissions, passing the obligation on to the secondary mortgage market, and investment firms made commissions selling packaged mortgages to the clients. When it became apparent the investments were sour, the problem became compounded by the derivatives market, which had become unduly highly leveraged by the manipulation of a few firms and the lack of regulation and oversight by the institutions in place to prevent such practices.
If the US economy recovers within the next ten years, it will be due to the resiliency and to the credit of the man and woman on the street, the average citizen. New York has long been the financial capital of the world, but it has not been without the protection afforded by the borders of this nation, and indeed the league of nations, which aren’t ruled by the few, but by the many who have put their faith in a system of government with checks and balances. The enemy is the same enemy of old, rule by the few. Wall Street and the central bankers must be stood up to and forced to capitulate by any means necessary. Please read my article at Politics and Economics for a discussion of the spiritual nature of the conflict in which we are engaged.
interfluidity � Monetary policy for the 21st century
You stated that “central bankers understood very well the importance of wage suppression, and emphasized their willingness, their “credibility”, to push back hard against any increase in the share of income accruing to labor.” Given the three inputs of production are capital, labor, and material and assuming $1 of input from each, we can dismiss the cost of material as a form of rent. The laborer is paid their $1 of wages and told, thank you very much, but the capitalist assumes more than $1 in return. This is in effect the flaw in capitalism that can be easily corrected by profit sharing.
I was an undergraduate in Economics in the mid 80’s, the fall of the Soviet Union and the stock market crash of 1987 were the prominent events of the decade. Businesses had suffered during the 1970’s with peak oil and tight credit. The crash of 1987 was merely a hiccup during the highest period of prosperity of the 20th century. Stocks gained ten-fold in value and the tech bubble of 2000 came near the end of the period. When stocks weren’t making two digit returns, the baby boomers saw real estate as a natural avenue for their accumulated wealth, and we saw the gentrification of urban areas and vacation retreats. It was around this time that Congress, for whatever misguided reason, felt it their duty to increase housing ownership for those unable to afford it. Mortgage lenders saw an opportunity to generate commissions, passing the obligation on to the secondary mortgage market, and investment firms made commissions selling packaged mortgages to the clients. When it became apparent the investments were sour, the problem became compounded by the derivatives market, which had become unduly highly leveraged by the manipulation of a few firms and the lack of regulation and oversight by the institutions in place to prevent such practices.
If the US economy recovers within the next ten years, it will be due to the resiliency and to the credit of the man and woman on the street, the average citizen. New York has long been the financial capital of the world, but it has not been without the protection afforded by the borders of this nation, and indeed the league of nations, which aren’t ruled by the few, but by the many who have put their faith in a system of government with checks and balances. The enemy is the same enemy of old, rule by the few. Wall Street and the central bankers must be stood up to and forced to capitulate by any means necessary. Please read my article at Politics and Economics for a discussion of the spiritual nature of the conflict in which we are engaged.
interfluidity � Monetary policy for the 21st century
Monday, August 16, 2010
MASS DELUSION – AMERICAN STYLE (Featured Article) � The Burning Platform
It's curious why Jim is such a contrarian when there's so much to focus on that's positive. Where Jim's attitude belies him is he gets so wound up about all that's wrong that he conveniently omits proposing any solution. It's one thing to whine about everything, but entirely another to be part of the solution. Jim is perfectly within his right to be part of the problem. I continue to read him because I have nothing better to do, but when you make statements like, "The sociopathic powers .. need to be brought to justice" and "The criminals ... must be routed out" without proposing by what mechanism, and what laws beyond those of common decency have been broken then this post is much ado about nothing.
Americans aren't deluded, a con has been perpetrated with the complicity of their elected representatives. The proper response is to throw the bums out. If that doesn't fix the problem, a proper general revolt may be in the making. And we're not talking about malcontents burning a few city blocks of downtown LA, but more along the lines of the 60's civil rights riots.
On another note, It's heartening to read about God in the comments, and make no mistake, the leaders of the synagogue in time of Jesus Christ were a pit of vipers, as Jesus told them to their faces, "You are of your father the devil, and your will is to do your father’s desires." (John 8:44, ESV). There is no doubt in my mind the top levels of government and finance are similarly corrupt today.
To Jim's last pessimistic point, "before it's too late". Too late for what? And, of course, Jim offers no solution. The simple matter is that with $52T in unfunded federal entitlements, it's already too late, yet the seeds were sown in the 1960's with Medicare and Welfare. Medicare hid the real cost of health care in the federal deficit, Insurance companies must have paid a pretty dime for that one. Welfare effectively paid recipients to procreate, so they procreated. Fast forward 50 years to today, and when you pay people to not work, they don't work. America is on a road where the bridge ahead is out. There are a number of scenarios that could play out, but I have faith in the indomitable spirit of man, and in the goodness of God to preserve his remnant. Call it delusion if you will, but as surely as the sun will rise, God Almighty, the God and Father of the Lord, Jesus Christ, will not forsake his own. The devil doesn't take a day off, and neither should anyone who cares about the future of our country, and our children.
MASS DELUSION – AMERICAN STYLE (Featured Article) � The Burning Platform
Americans aren't deluded, a con has been perpetrated with the complicity of their elected representatives. The proper response is to throw the bums out. If that doesn't fix the problem, a proper general revolt may be in the making. And we're not talking about malcontents burning a few city blocks of downtown LA, but more along the lines of the 60's civil rights riots.
On another note, It's heartening to read about God in the comments, and make no mistake, the leaders of the synagogue in time of Jesus Christ were a pit of vipers, as Jesus told them to their faces, "You are of your father the devil, and your will is to do your father’s desires." (John 8:44, ESV). There is no doubt in my mind the top levels of government and finance are similarly corrupt today.
To Jim's last pessimistic point, "before it's too late". Too late for what? And, of course, Jim offers no solution. The simple matter is that with $52T in unfunded federal entitlements, it's already too late, yet the seeds were sown in the 1960's with Medicare and Welfare. Medicare hid the real cost of health care in the federal deficit, Insurance companies must have paid a pretty dime for that one. Welfare effectively paid recipients to procreate, so they procreated. Fast forward 50 years to today, and when you pay people to not work, they don't work. America is on a road where the bridge ahead is out. There are a number of scenarios that could play out, but I have faith in the indomitable spirit of man, and in the goodness of God to preserve his remnant. Call it delusion if you will, but as surely as the sun will rise, God Almighty, the God and Father of the Lord, Jesus Christ, will not forsake his own. The devil doesn't take a day off, and neither should anyone who cares about the future of our country, and our children.
MASS DELUSION – AMERICAN STYLE (Featured Article) � The Burning Platform
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