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Posts under ‘Economics’

The Mythical Delusion: Free-Market America

This quick video clip should cure, once-and-for-all, the mythical delusion most Americans suffer under; that we have anything even remotely resembling a capitalistic, free-market system here – as is drummed into us all day long in the mainstream media and is – Gasp! – even taught in elite business schools. Great theory, though it’s never […]

Economics Professor Dr. Ravi Batra Accurately Explains The Historic “Social” Origins Leading Up To Today’s Economic Crisis

Here’s a link to an excellent interview of Dr. Ravi Batra by Matt Renner of www.truthout.org. Dr. Batra has been a keen observer of the American economic evolution during the decades that lead to our current situation. He has written a number of interesting books over the years but this interview is a terrific summary […]

The Alan Greenspan Legacy: A Global Financial Mushroom Cloud

Here’s a “big picture” article that may even be able to grab the attention of the countless Polyannas and ostriches of the world. Almost unbelievably, many of these types still seem to think that what we’re witnessing in the global economy somehow falls short of the scale of damage wrought by the Great Depression that […]

What These Dangerous Clowns Don’t Understand

I had the unnerving experience last night of staying up late watching C-Span as U.S. Senators hammered and then shot down the bailout bill for the Detroit “Big 3” (a misnomer?) automakers. I must admit, there was a great deal of heart-felt passion in the words of the representatives who were courageous enough to speak […]

I.O.U.S.A. Movie: Watch This Free 30 Minute Trailer

I had been waiting for the I.O.U.S.A. documentary to show up here in the Raleigh-area movie theaters ever since it came out and it has finally arrived. However, while I was waiting, I spotted this 30-minute trailer that makes the movie – and many of its important points – accessible to everyone, regardless of area. […]

How To Survive The Coming Dollar Collapse

I am posting this article with the permission of its author, Christopher Laird. Chris maintains a newsletter service and a website of his own at www.prudentsquirrel.com. You may want to click through and check it out. I STRONGLY BELIEVE THAT EVERYONE WHO HOLDS THEIR WEALTH IN DOLLARS SHOULD CONSIDER ALL POSSIBLE SCENARIOS WHEN PLANNING FOR […]

Nearing Impact: A U.S. Debt Crash Course

Over the past decade or so, I have occasionally seen an article – or sometimes a chart – referencing the dollar amount of marginal or “extra” U.S. Gross Domestic Product (GDP) that is generated by adding each new dollar of government debt. In other words, with their unique brand of wisdom, the federal government tries […]

The U.S. FED: What! Me Worry?

From time-to-time, I like to swing by the Federal Reserve Bank of St. Louis (FRBSL) website to check on their “aggregate” monetary and financial indicators and measure the pulse of our nation’s economic base – which is the overall supply of money and credit in the United States economy. When you have a financial system […]

My Response To A Reader’s Important Questions – Questions That Deserve A Public Answer

This post is written in response to questions that came up from my recent post “An Elegant, Market-based Solution To The Banking/Credit Crisis”. Since this is EXACTLY the type of discussion and dialogue I’d hoped would develop, I wanted to bring it to the forefront so we can have the opportunity to “sort this out” […]

An Elegant, Market-based Solution To The Banking/Credit Crisis

THE PROBLEM: In a strange and awkward way, some of us here in the mezzanine have experienced a rather morbid and dark sort of enjoyment as we watch those on stage who created the world-altering credit crisis, and the governments who enabled it, squirm and writhe – like a child caught in his first big […]