Friday, November 22, 2013

LBJ Killed JFK

With all of the political corruption and murder conspiracies, Johnson is the most likely candidate as the motivating person behind the murder of president Kennedy.

Wednesday, November 13, 2013

Another Boom-Bust Example from the Fed

An interview with Mark Thornton of the Mises Institute, in which the scholar discusses the Austrian Business Cycle, the Skyscraper Curse, and how Federal Reserve policy enables out of control government spending to demonstrates the former in the form of the latter. Debt is not wealth, and a government cannot spend, through increasing debt, an economy into prosperity. But bad monetary policy can debase the very commodity that policy intends to prop up; the US dollar.

Unfortunately, good intentions do not guarantee good results. Without natural market corrections, reallocating resources through price signals, entrepreneurs will continue to make bad long-term investments. By allowing interest rates to rise and monetary volume to readjust properly and signal spending reductions and savings increases.

When all major economies are in a race to the bottom to debase their currencies to make exports more competitive. But there is only one end-game; the bottom. Our politicians are playing "chicken" with those in the oligarchy, and we in the proliteriat are the cars.

Elizabeth Warren 2016 ~ Wall Street's Worst Nightmare

"There are three words that strike terror in the hearts of Wall Street bankers and corporate executives across the land: President Elizabeth Warren. Anxiety over Warren grew Monday after a magazine report suggested the bank-bashing Democratic senator from Massachusetts could mount a presidential bid in 2016 and not necessarily defer to Hillary Clinton — who is viewed as far more business friendly — for the party's nomination." Cenk Uygur, host of The Young Turks discusses a Presidential bid by Senator Elizabeth Warren.

Considering the economic ignorance of Warren, I would think that it would take quite a campaign to garner much public support. Then again, we did end up with Bush and then Obama, which is why I have little faith in the political process.