A peek behind the headlines is most encouraging on many fronts.
One thing wind turbines do is waste enormous amounts of government – taxpayer – money. At that it is very efficient.
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Predictions for the reestablishment of the gold standard in the next few years are optimistic. But at least the conversation is beginning.
Paul Craig Roberts: The Collapsing US Economy and the “End of the World” What a surprising and disappointing article—rant—from Paul Craig Roberts, one of my heroes! Why did he write it? And then, after re-reading it (he did re-read it, didn’t he?), why did he press the “send” button? As writers, authors, journalists, commentators, bloggers—whatever […]
Please don’t miss the important parallels between Hungary’s new constitution and our own Declaration of Independence with its reliance on God and Christ. What a breath of fresh air in this dank, dark and declining world!
Why make things hard? Why not just get government out of the way? People will know what to do. Given a choice between fraudulent paper money and real money backed by something other than air, they’ll know what to do. All by itself, that freedom of choice in currencies will put the Fed out of business.
The rule of logic in Washington, especially at the Fed, is this: if something isn’t working, the solution is to do more of it! QE1 and QE2 didn’t do anything but strike fear and uncertainty into the hearts of capitalists who as a result have little interest in making long-term decisions. So, what’s the answer? QE3! That’s the ticket! It’ll work this time, you betcha’.
The solution here is so elegantly simple: just get government out of the way. This means dismantling the restrictions on hiring, the most onerous and obvious being minimum wage laws. I’m glad to see Michelle Bachmann recommending doing away with them, too!
The government will take in $2.3 trillion in revenues this year but is spending $3.6 trillion, leaving a chasm of debt that has to be papered over through the operations of the Treasury Room.
Spiegel Online leaves off where it started: a pretty clear idea of how the crisis began and who was behind it, but concluding that the answer lies with the institution that started it all: the Federal Reserve System. With sidebar rants about hatred and Fox News, and ingratiating praise for the President who promised fixes and failed, Spiegel, for all its global “perspective” offered little of substance to help.