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Ayn Rand's "Freedom" Was For The Ultimate Victor In A Might Is Right Battle, The Exceptional Man Was Also The Last Man Standing

8/30/2013

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Background
Fox News's Food Stamp "Hypnosis" - Following The Path Of Jesus?
Fox News's Class Warfare "Hypnosis" - Using %s & Numerical Figures Interchangeably To Fit Their Personal Agenda
Fox News's Class Warfare "Hypnosis" 2 - Taxing The Poor i.e. Those Least Able To Afford It
GOP's Main Problem With Ron Paul In The GOP Primary Was That He Wouldn't PRE-AGREE To Invade Iran
Colbert Report On Ayn Rand: Her philosophy is of rational self interest and she states that the purpose of life is in pursuing your own happiness with NO regard for others...

The Colbert Report
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Here is the definition of Laissez-Faire Capitalism:  Laissez-faire capitalism is an economic system. Capitalism involves the ownership of property by individuals. The individual's goal is to use this property, or capital (buildings, machines, and other equipment used to produce goods and services), to create income. Individuals and companies compete with one another to earn money. This competition between companies determines the amount of goods produced and the prices company owners may demand for these goods. The French term laissez-faire literally means "to let people do as they wish." Thus, supporters of laissez-faire capitalism do not want the government to interfere in business matters, or if governments do involve themselves in business matters, to keep government influence to a minimum.

One result of no rules in private enterprise is that a person with money and thus the ability to buy influence (i.e. allot of money equals greater power, political and social) can destroy any chance of a competitor entering the marketplace.

In fact, without rules and law, people tend to be greedy and selfish. Something which is normally well-known. With no law there is no control over anyone with power using it unfairly against someone who is socially and politically weaker. Generally, this is seen as immoral by all religions and philosophies as being ruthless means there is no 'charity' and others must be manipulated to gain even more wealth and control (a never ending process). That is why religious sources tend to be against the 'might is right' belief embedded in Laissez-Faire Capitalism.

The following is a religious explanation(from Christianity) which is naturally against the type of behavior which takes from fellow human beings to the detriment of society;

Darwin's ideas played a critically important role in the development and growth, not only of Nazism and communism, but also of the ruthless form of capitalism as best illustrated by the robber barons. While it is difficult to conclude confidently that ruthless capitalism would not have blossomed as it did if Darwin had not developed his evolution theory, it is clear that if Carnegie, Rockefeller, and others had continued to embrace the unadulterated JudeoChristian worldview of their youth and had not become Darwinists, capitalism would not have become as ruthless as it did in the late 1800s and early 1900s. Morris and Morris (p. 84) have suggested that other motivations (including greed, ambition, even a type of a missionary zeal) stimulated the fierce, unprincipled robber baron business practices long before Darwin. Darwinism, however, gave capitalism an apparent scientific rationale that allowed it to be taken to the extremes that were so evident in the early parts of last century.

The basic argument against Laissez-Faire Capitalism (as opposed to a mixed economy with laws to help keep the market fair - see definition above) is that without rules, ruthlessness and "might is right" reigns supreme. Allowing the rich and powerful to take advantage of the weak.

In the feudal system, allot of power (through control of land and resources) was given to a few people by a king. These people would then do everything they could to take whatever they could at the cost of society and every other human that could be conned (that is generally in a different clan or family, though this didn't hold in all cases).

Such economic behavior (and an effect of Laissez-Faire Capitalism) was and is referred to as "Robber Barons";

What Does Robber Barons Mean? A disparaging term dating back to the 12th century which refers to: 1. Unscrupulous feudal lords who amassed personal fortunes by using illegal and immoral business practices, such as illegally charging tolls to passing merchant ships. 2. Modern-day businesspeople who allegedly engage in unethical business tactics and questionable stock market transactions to build large personal fortunes.

Regulating immoral business practices is an old function of modern democracies and modern economies. This is another reason why in the modern world government is mixed with private enterprise. To provide rules and a framework for a fairer society with more opportunity for all its citizens not just a few who happen to be on top and thus have the wealth and influence to get more and more while giving back less and less to the community that these individuals are from.

Current "Legend" Series Position {Began here/here}...
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Fox News's Class Warfare "Hypnosis" 2 - Taxing The Poor i.e. Those Least Able To Afford It

8/30/2013

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Background:
Fox News's Class Warfare "Hypnosis" - Using %s & Numerical Figures Interchangeably To Fit Their Personal Agenda

World of Class Warfare - The Poor's Free Ride Is Over The government could raise $700 billion by either taking half of everything earned by the bottom 50% or by raising the marginal tax rate on the top two percent.  (06:32):

The Daily Show with Jon Stewart
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Notes:

A. "We gotta start somewhere... that's a million dollars (that we could save)" - in contrast to the 700 billion we could save to reduce the deficit from the rich and unfairly untaxed - i.e. They start with the assumption that this is the only way, so dumb uneducated people who are in love with the anchors, buy it.

B . From fox news: Dont tax the rich but 'broaden the tax base'. Or in other words, don't inconvenience me with a 2% tax increase, make the poor suffer by increasing their tax burden.

C. Taxing the majority (poor) instead of taxing the minority (super rich by comparison) this is the very definition of despotism.

D. Heritage institute (Koch Brother funded) are trying to create the image of poor being wealthy cause they have normal second world amenities, it's not even first world anymore! (i.e. this will lower standard of living in the USA even further).

E. Demonizing (ex. irresponsible animals) the part of society that is suffering from the excess and scamming of certain individuals on wall street etc.

Current "Legend" Series Position {Began here/here}...
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CIA: NSA's Right Arm & The Media Is It's Face?

7/29/2013

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Current "Legend" Series {Began here/here}...
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Related Movie: Wag the Doghttp://www.youtube.com/watch?v=M-FXkj-r9Mc


Introduction To The CIA...
Moment of WHAAAAT!!!!:Glenn Beck is on the side of the CIA!!!! = Glenn Beck agrees with the CIA... that Osama should attack America!!!!: 

The Daily Show with Jon Stewart
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History:


Enemies of The Constitution - An Overview [Domestic and Foreign Policy]


Do Fox News People Even Watch Their Own Channel? (Examples of Megyn Kelly & The Five)


NSA: Overview Of The Real-Life Version Of "Enemy Of the State"

Sarcasm

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Related Links To last US Invasion's Hypocrisy"

Dick Cheney doesn't recall Richard Clarke warning the White House of an imminent terrorist attack months before 9/11, but he also hasn't read his book. http://www.thedailyshow.com/watch/wed-june-3-2009/dick--uncut-/

Cheney's Secret Assassination Squad: It's hard to believe Dick Cheney had the time to command a secret lawless assassination squad with all the secret lawless torture. (02:10) http://www.colbertnation.com/the-colbert-report-videos/223481/april-02-2009/cheney-s-secret-assassination-squad Full = http://www.case4ronpaul.blogspot.com/2011/10/on-anwar-al-awlaki.html

Thomas Kean talks about the process of getting over two million documents in spite of bipartisan resistance to the 9/11 commission. http://www.thedailyshow.com/watch/wed-august-16-2006/thomas-kean

Philip Shenon: Jon tries to finger one person in particular for the 9/11 bungling with the help of the New York Times journalist and author. http://www.thedailyshow.com/watch/mon-february-11-2008/philip-shenon

Republicans Block 9/11 Health Care Bill: Republican senators refuse to vote on the 9/11 health care bill until wealthy Americans receive an engraved notification that their taxes won't go up. http://www.thedailyshow.com/watch/thu-december-9-2010/republicans-block-9-11-health-care-bill

Here's a tribute to a few Republican senators who find comfort and advantage in invoking the heroes of 9/11 but refuse to give them health care http://www.thedailyshow.com/watch/mon-december-13-2010/lame-as-f--k-congress

Bush Testifies: It would be funny if President George W. Bush apologized to the families of 9/11 victims for any mistakes his administration may have made before the attacks. http://www.thedailyshow.com/watch/thu-april-29-2004/bush-testifies

Accountability in the U.K. - David Cameron Kills it
America's government should start drinking motherf**king tea and eating motherf**king finger sandwiches to be as awesome as England's government. http://www.thedailyshow.com/watch/wed-july-20-2011/accountability-in-the-u-k---david-cameron-kills-it


Moments of Zen:


Official Unclassifed Operation Northwoods Documents:
http://www.gwu.edu/~nsarchiv/news/20010430/northwoods.pdf

Moment of Zen 1: "Which attack would you rather have not permit... er, stopped?" George W. Bushhttp://www.thedailyshow.com/watch/mon-february-11-2008/moment-of-zen---poison-pick

Moment of Zen 2: "President George W. Bush and Dick Cheney had a good conversation with the 9/11 commission."http://www.thedailyshow.com/watch/thu-april-29-2004/good-talk (he was obviously lying, probably threatening them like Romney & Co was doing in the primaries)

Moment of Zen 3: "The Secret Government PBS 1987 Bill Moyers - YouTube"http://www.youtube.com/watch?v=jiRBxDEGDqw

Developing Empathy

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Empathy Test: Imagine Your Kids "Under The Gun"

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Violent Rhetoric In The US Is Common BUT Often STARTED By The War Party {2 Late 2 Stop It Now}

7/27/2013

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Current "Legend" Series {Began here/here}...
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Background:

The Drug War Debate: An Introductory Overview 

The Tea Party & Majority of Libertarians Were Co-opted By The Koch Brothers In 2009 

GOP/Tea-Party Nonsense In A Nutshell: Outsiders are "Nazis"

Goldman Sachs Aluminum Scam Simplified For USA Business Media Folk

Congress Doesn't Care About The Constitution Or Any Citizen Rights, Or So It Seems, As This Proof Proves

James and the Giant Speech: After Jimmy Hoffa Jr. warms up the crowd at a Labor Day rally, the Tea Party and conservatives suddenly develop an allergic reaction to violent rhetoric.  (04:59): 

The Daily Show with Jon Stewart
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1. Incitements to violence for motivating the political base; 2. Suppression of individuality and rationality in a large group (and the creation of an effective emotional political response irrespective of facts); 3. Both sides (the somewhat accurate and the almost completely inaccurate) use the same tactics as its necessary in American politics...
The ones promoting violence like the Nazis did are on Fox News but the peaceful folk are the ones they say are the  Nazis. As a comparison they ignore tons of pages of war crimes and focus on the drones strikes of Obama & other  GOP members of the CIA. I got hundreds to thousands of dead for Obama but 1.2 Million as a consequence of Bush, yet the GOP's  channel says nothing about this! And Fox News/Biz gives the GOP a million dollars so it's not like they are not connected, fox news doesn't talk about anything that interferes with it's mission of promoting oil company and war factory interests. Be it giving no-bid contracts to Halliburton, ignoring oil crimes for years, a Texas factory explosion that defies explanation in so many ways it's not funny. And of course, complete silence on the Invisible War in the Military (thus making it invisible to begin with AND FOR GOOD REASON!) - being the "war party" this actually makes sense. It's NOT moral in any way. It just makes sense. War is immoral and so isFox News & Fox Business.

It's what they are.
Related:

Democracy & Despotism: 1940s Encyclopedia Britannica Filmshttp://www.culturesocietyblog.com/2013/03/democracy-despotism-1940s-encyclopedia.html

Breaking Down Society & Social Structures Leads To Anarchy AND Violence http://www.culturesocietyblog.com/2013/03/breaking-down-society-social-structures.html

Rachel Maddow Video: Here is the GOP answering questions on abortion etc. during the general elections (and a challenge to the media, i.e. CNN, MSNBC & FoxNews, which they failed as they are all connected)  http://www.culturesocietyblog.com/2013/03/rachel-maddow-here-is-gop-answering.html

Megyn Kelly Lies & Says "I watch our programming everyday an you are wrong":

The Daily Show with Jon Stewart
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BTW, Bill O Reilly then defends Megyn Kelly despite the fact that John Stewart wasn't talking to him... and he was speaking nonsense. Yet, Bill O Reilly felt compelled to speak and make a fool of himself. Why? - Possible answer is here.

2:30 "The segment was for Megyn Kelly to take offense to not you". Jon Stewart
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, The GUY RUNNING FOX NEWS WAS WITH NIXON DURING WATERGATE!!!!!!!!!!! He Says:
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Fox News IS The Channel That LOVES  To Demonize (it;s a standard War Party strategy). In fact, "wedge issues" are the very definition of demonization:
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"Michelle Obama orders a cheeseburger meal that's the caloric equivalent of eating a live raccoon."  

The Daily Show with Jon Stewart
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Later, when Ann Romney became a part of the election cycle, Fox News said, unanimously, that women shouldn't be insulted. It's true. Fox News hypocrisy knows no bounds. Such as when they rebrand a section of thier corporation "Business" and everyone buys it. This brings me to another very serious problem. The dumbing down of the United States. Covered here in detail:

"The Dumbing Down of America" Example 1 - Cartoons

"The Dumbing Down of America" Example 2 - Sarah Palin

"The Dumbing Down of America" Example 3 - Michelle Bachman

The State of US Education and The Deliberate Dumbing Down of America


Violent rhetoric in the US is very common here are a few examples from Fox "Business": 


1. From John Stossel = "I think it will take visible riots to help people focus on this thing" (i.e. he is suggesting to his followers that 'we may have to riot'!)- example of violent rhetoric on the extreme right by its true believers - connects with tea party and ideological economics. http://video.foxnews.com/v/1042453656001/can-the-us-learn-from-greece/
What Stossel is promoting (such as with Iran here) is standard Fox-News/GOP's party line. To cause harm to US Citizens through violence.

Links 

 Glenn Beck advocates violence... 

A look at Glenn Beck & his tendency to promote extreme forms of violence . [People like Glenn Beck having political and social power scare me the most - To understand why please watch this video.] . Instead of violent rhetoric I think the sources of the problems need to be rooted out as I explained here (i.e. aggressively and not the way outlined in GOP funded Liberal Think Tanks).


This will be the result of these violent promotions by Fox News if they achieve thier rioting goal:

1. "He says looting makes "powerless people suddenly feel powerful" and that is "very intoxicating"." -http://www.bbc.co.uk/news/magazine-14463452 .

2. Simple opportunity for lawlessness by the breakdown of infrastructure -http://www.wired.com/science/discoveries/news/2007/07/dayintech_0713 

3. Normal behaviour motivated by greed or heartlessness or simply living by the law of the streets - an example of a complete breakdown of law http://www.bbc.co.uk/news/uk-14456065

4. DAILY SHOW LINK: Compared to discord in Pakistan or even other riots in the US, Britain is very tame - at 2mins and 40 secs, check out the looters standing in line to loot (there were also images of looters helping each other under glass windows etc. - took 2 days for 'batons' to be allowed... no one has guns etc.)

The many perspectives on the Britain riots: http://www.bbc.co.uk/news/magazine-14483149 - 
The LA riots were much more violent (there is literally no comparison): http://www.bbc.co.uk/news/world-14501282 
The anger at the violent reaction created its own mass movement: http://www.bbc.co.uk/news/in-pictures-14490167 
The problem of the rumor mill that leads to mass hysteria (at local, national or global levels) and is something that the US media does on a regular basis with its fear marketing (though that may have gone down?), Fox news has taken this fear mongering to criminal levels(IMO): http://www.bbc.co.uk/news/uk-14490693 
Another look at the origin of the 2 reactions in England; "Are they rioters, which implies a political objection, looters, which doesn't, or vandals, etc? It's interesting too that a lot of the people cleaning up embraced the Sun's 'scum' so readily, a reflexive response of anger." http://www.bbc.co.uk/news/magazine-14506159 .

Side Note: The fall of the currency has been a major drumbeat amougnst the Koch Brother Libertarians. This hyperinflation result was predicted for 2001. Then 2012. Now 2013? We have to accept that the Fox Business Libertarians don't understand the economy anymore than a 10 year old. Who, besides the EXTREMELY old &  decrepit, are the only ones who believe their crap). But yes, in every outright lie there is a kernel of truth. For QE the kernel of truth is this: "As the Bank of England prepares to vote on quantitative easing, a report argues the extra cash 'exacerbates already extreme income inequality'". Which actually helps the Koch Brothers and any oil manipulations they may be up to. So Fox Business needs to re-think their incitement strategy. Maybe even get an education if the most recent news is any measure of their knowledge:

The new form of communist/fascist/socialist government is actually crony capitalism (i.e. people doing WHATEVER thier corporate bosses say) and it looks like this... 

Public Employee Union vs. Wall Street Bonus Contracts... 

The Daily Show with Jon Stewart
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In this case you will notice that contract law is supported for Wall Street firms that have already gone bankrupt and only exist because of taxpayer money, while not supporting Public Unions who Ronald Reagan said enhanced freedom as if you don't have the freedom to form public unions then "freedom is lost".

An example of how Reagan is continuously saying the opposite of what the Tea Party/GOP wants: 

The Daily Show with Jon Stewart
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Also,

Notice That Judge Napolitano has been following standard GOP policy when trying to incite violence. This violent approach to a possible drone (that could be just a remote controlled kids plane, a pizza delivery from Dominos or a bird - considering GOP follower obervation capabilities, backed by the Supreme Court I might add - is backed by a violent shock jock by the name of Alex Jones (who claims there is some GOP revolution rising but Adam Kokesh proves regularly that that's not the case, it's just some kids who know the truth of Government in this internet age and Alex Jones is trying to help herd them into the arms of the GOP through it's Koch Brother Libertarian outreach program led by Fox Biz Libertarians & people like Alex Jones): 



Judge Andrew Napolitano has warned Congress not to act “like potted plants” regarding the increased use of unmanned surveillance drones without warrants over US skies by military, government, and law enforcement agencies.

Echoing the recent comments of his Fox News colleague Charles Krauthammer, Napolitano also said that “The first American patriot that shoots down one of these drones that comes too close to his children in his backyard will be an American hero.”


VIDEO - From Bill Moyers David Stockman on Crony Capitalism - January 20, 2012-  http://billmoyers.com/segment/david-stockman-on-crony-capitalism/  Moyers & Company explores the tight connection between Wall Street and the White House with David Stockman, former budget director for President Reagan. Now a businessman who says he was “taken to the woodshed” for telling the truth about the administration’s tax policies, Stockman speaks candidly with Bill Moyers about how money dominates politics, distorting free markets and endangering democracy. “As a result,” Stockman says, “we have neither capitalism nor democracy. We have crony capitalism.” Stockman shares details on how the courtship of politics and high finance have turned our economy into a private club that rewards the super-rich and corporations, leaving average Americans wondering how it could happen and who’s really in charge. “We now have an entitled class of Wall Street financiers and of corporate CEOs who believe the government is there to do… whatever it takes in order to keep the game going and their stock price moving upward,” Stockman tells Moyers.


The problem here is powerful, privately owned enterprises, who finance such warmongers as above and who influence the nations wealth by having connections into the Government (which in the case of 2008 involved the biggest theft in history, which the Corporate Media Cronies is helping to cover up) i.e. Crony Capitalism – [Visualized] http://www.thevisualeverything.com/2011/12/crony-capitalism-visualized/

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Explanations: 

1. Socialism by Robert Heilbroner (Article From Library of Economics): "Socialism—defined as a centrally planned economy in which the government controls all means of production" http://www.culturesocietyblog.com/2009/05/socialism-by-robert-heilbroner.html

2. What Is Capitalism? http://www.culturesocietyblog.com/2009/04/what-is-capitalism.html

3. Summary of "Socialism", Keynesian Economics & "Road to Serfdom" (by F.A.Hayek)
i.e. USA has a market based healthcare approach (good) made by crony capitalists (bad)

Obamacare, brought to you by Johnson & Johnson: When push comes to shove, corporate interests will always have the upper hand in determining public policy  (i.e. it was made by a corporation - A CAPITALIST! )
     
 Obamacare architect heads to Big Pharma: Liz Fowler again exemplifies the blurred lines betweenthe healthcare industry and Washington           

Big Pharma Allies: Cigna, Aetna, Blue Cross -- they're allies, not competitors, when it comes to stopping a public plan                   

Lobbyists: Their influence on Washington dates back to the days of Lincoln -- and it only seems to be growing

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"Promote, then, as an object of primary importance, institutions for the general diffusion of knowledge. In proportion as the structure of a government gives force to public opinion, it is essential that public opinion should be enlightened."-George Washington

Socialism is when ALL factors of production are provided by the State - basic econ 101 definition - (the healthcare bill is market based from Heritage Institute based on Romney care). The GOP & Fox News call anything that goes against Ayn Rand's business survival fiction "socialist". - But, logic doesn't work. The guy's running Fox News are being investigated for 9/11 phone hacking in England and close associates of Rupert Murdoch HAVE BEEN CHARGED - Also, 
  • Ayn Rand & The Beginning Of The End Of Objectivism...

FOX NEWS IS CONTROLLED BY AN OLIGARCH WHOSE ASSOCIATES ARE BEING INVESTIGATED AND BEING CHARGED WITH CRIMES...

Most recently Rupert Murdoch's close family friend was charged with perjury...

Rebekah Brooks...has an interesting history with Murdoch...

In March 2003 she courted controversy -- and hinted at the scandal to come -- when, appearing before a government committee, she admitted that her paper had paid police officers for information. Brooks held the Sun post until 2009 when she was handpicked for the role of News International chief executive by the paper's owner, media magnate Rupert Murdoch.

The pair had been close for many years: Murdoch is said to treat Brooks like a daughter.
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Goldman Sachs Aluminum Scam Simplified For USA Business Media Folk

7/26/2013

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Background:
BREAKING NEWS: Goldman Sachs Pulls A Superman III Type Scam & US Media To Dumb To Get It

John Oliver's Arcane Details of Boron-Group Metals Pricing Update - Aluminum Hoarding
In a scheme so simple a child could understand it, Goldman Sachs gets around commodity-hoarding laws by shuttling aluminum from warehouse to warehouse.  (05:19):

The Daily Show with Jon Stewart
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Even-though the actual embezzlement scheme involved a Superman III type strategy because of the type of market this is (commodity market, as opposed to the insider trading prone stock market and it's coke fueled musings), there are certain laws that exist. Fortunately, as there are no watchdogs (of "we the people"), and there is a profit to be made by a simple truck driving scam, what we have is if the newest form of cattle rustling known to man. 

The Rule:

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The corporation overcame the Law by driving metal they were hoarding round and round and round.

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Using this method they stole 3.6 billion dollars from other businesses. This isn't even a victim-less crime like the Superman III classic even-though it uses the same strategy

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BREAKING NEWS: Goldman Sachs Pulls A Superman III Type Scam & US Media To Dumb To Get It

7/26/2013

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Background:

"The Dumbing Down of America" Example 1 - Cartoons

"The Dumbing Down of America" Example 2 - Sarah Palin

"The Dumbing Down of America" Example 3 - Michelle Bachman

The State of US Education and The Deliberate Dumbing Down of America

Overview: Insider Trading In Congress, Martha Stewart Scapegoated & Bankers Hypocrisy Exposed

John Oliver's Arcane Details of Boron-Group Metals Pricing Update
Goldman Sachs bets on the future price of aluminum while simultaneously goosing the future price of aluminum by creating a supply bottleneck in its aluminum warehouse.  (05:13) : 

The Daily Show with Jon Stewart
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Monopoly, designed to teach capitalism,has removed the "go to jail" part of the game. Presumable to reflect current situation of getting yelled by Congress and going straight to the Cayman Islands.


Related:
Has Barack Obama Been Bought By A Bank?
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"Goldman can bet on the future price of Aluminum while simultaneously having the ability to Goose the future price of Aluminum if that's something they find interesting and/or profitable. In the Stock Market that's what's known as Insider Trading in the commodity market thats - (a daily occurrence)" John Oliver

This scheme is costing firm 3,6 billion dollars each year (i.e. this is outright theft through non-transparent stcok manipulations)

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An Explanation For The Educated Dumb Of The US Financial Media Circuit From Superman III

Basically what Goldman Sachs are trying to pull is one of the oldest tricks in the book. Anyone born before 1980 will probably remember this movie with the simple embezzlement scheme that the Goldman Sachs people copied from (didn't I say somewhere that the GOP gets all it's is ideas from movie:

Superman III - 1983 - Official HD Trailer - Christopher Reeve 

Richard Pryor - Computer Hacker - Superman 3 

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Synopsis Of Relevant Section of Superman 3: 

Having now taken a job as a computer programmer at Webscoe Industries, Gus Gorman is extremely disappointed when he sees his first paycheck. "Where did it all go?" he asks. During lunch, Gus and a friend discuss all the percentages taken from a paycheck. When Gus tells him that there has to be fractions of cents left over, Gus's friend tells him that the checks are rounded down to the nearest "half-cent". "Where do those half-cents go?" asked Gus. Suddenly, another light bulb goes on above Gus's head. When everyone else is leaving, Gus is still busy programming.

It's another payday at Webscoe Industries. When Gus is handed his paycheck, he asks the courier if there isn't a second check for him. "I put in a voucherŠ for expenses," he says. "Right you are," says the courier and he hands Gus another envelope. Slowly breaking the seal, Gus pulls out a check for $87,789.90. Gus can barely contain his joy.

Ross Webster, head of Webscoe Industries is interrupted by his accountant who informs him that someone has shrewdly embezzled a large amount from the company coffers. "In the old days," says the accountant, "it was simple. We kept books. We knew what went in and what went out. If someone wanted to rob you, they walked in an said stick-em up. Now with computersŠ" "But, computers are the wave of the future," says Webster. Outraged that someone would dare steal money from them, Ross Webster's sister, Vera, insists that this person has to be caught. "He's bound to slip up," says the accountant. "No," says Ross Webster, "he'll not do a thing to call attention to himself, unless he's a complete and utter moron." Moving to the window Webster sees Gus squeal into the employee's parking lot with a bright shiny sports car.

Ross Webster calls Gus to his office, and he sheepishly enters the luxurious office. "Mr. August Gorman," says Webster, "you've been quite a naughty guy. You want to be rich. You're a genius. A naughty genius, but a genius none the less," he tells Gus. But rather than punish Gus, Webster realizes that someone smart enough to embezzle that kind of money right under his nose can be useful. "I've been searching for a long time for someone that can make computers do what they're not supposed to do. Under different company names, I control the price of coffee. In Venezuela, Brazil, Bolivia and Jamaica. Everywhere except Columbia. We're going to teach them a lesson; destroy their entire coffee crop down to the last bean. Gus, you are going to do that for me."

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John Oliver's Arcane Details of Boron-Group Metals Pricing: Update - Aluminum Hoarding
In a scheme so simple a child could understand it, Goldman Sachs gets around commodity-hoarding laws by shuttling  aluminum from warehouse to warehouse.  (05:19) 

The Daily Show with Jon Stewart
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BTW, Superman 3 isn't appreciated the way it should be. It's a Richard Pryor classic... and Superman gets drunk!
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Southern Strategy 1: The Race War In The USA - The Daily Show

7/22/2013

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BREAKING FOX NEWS ALERT: 300 INNOCENT PEOPLE HAVE BEEN EXONERATED BY DNA EVIDENCE AFTER A JURY DECIDED THEY WERE GUILTY

On The Black Presidency: Larry Wilmore considers whether or not American democracy can survive with the same ethnicity dominating the White House over and over again for years on end. (03:58)... 
Learn about the Republican's "Southern Strategy":

  •  Southern strategy: In American politics, the Southern strategy refers to the Republican Party strategy of winning elections in Southern states by exploiting anti-African American racism and fears of lawlessness among Southern white voters and appealing to fears of growing federal power in social and economic matters (generally lumped under the concept of states' rights)

Republican Minority Outreach: Larry Wilmore advises Republicans not wanting to appear racist to not say racist things(they can't do that because they are in denial about their racism)...

The Daily Show with Jon Stewart
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About The South...

Innocent killed for crimes, especially if they are of a minority person, is normal in the Southern United States of America. The top leadership has no shame and the same morality as feudal lords who rape their slaves for fun and profit(i.e. extra slave labor . Hell, they even made that thier party platform. Only a Southerner Feudal Lord Party (In this case Arizona, whoes Republican candidate turned out to be an actual Nazi!) could possibly have the balls, in today's modern world, to actually protect rapist babies before they are even conceived  AND literally put it on the Party Platform ... and then shut-up so the women wouldn't find out!


1. "Graves' brother, Arthur Curry Jr., has always insisted that Graves was home with him the night of the murders. "There is no justice, especially here in Texas. Had he done that and I knew it, I could not have hid the truth knowing that someone's family was in torture," says Curry. Graves has not been given an execution date. His lawyer is seeking a new trial."

2. "The Death Penalty Information Center keeps an "Innocence List" which names incarcerated people who have been exonerated since 1973. There are 119 to date. The criteria for inclusion on the list are: "In order to be included on the list, defendants must have been convicted and sentenced to death, and subsequently either: a) their conviction was overturned and they were acquitted at a re-trial, or all charges were dismissed; or b) they were given an absolute pardon by the governor based on new evidence of innocence." 
Famous Speeches From Movies: To Kill a Mockingbird.

Notice that To Kill A Mocking Bird is a fiction book ABOUT the South well AFTER the civil war. Notice where the black people are. In the deep South the fear of the black man (from old white women) STILL exists. Seeing blacks as lower than them to a point where there is no shame in calling people 'other black' and 'our blacks' ('our blacks', I think, was famously used by Ann Coulter). To Kill A Mocking Bird is a MUST READ to understand the South, for outsiders.

Excellent example of Southern "Justice" (NON-Fiction):

“Anatomy of Injustice”: Death in a small town
Note: In To Kill A Mocking Bird, at the end, the all-white jury ruled to have the black guy killed. Notice Mitt Romney's strategy is to blame everything on the black guy EXACTLY like To Kill A Mocking Bird... with an almost all white male election base which is so outdated they have resorted to election fraud rather than be compassionate.

There was even a book by John Grisham covering this Southern Tradition in his own way in A Time To Kill

Interesting fact: Many members of the Nazi's found a home in the confederate South. We know very little of their activities as many were weapons scientists in Germany and since WW2 the United States has something called a "National Security Act/Bill". Whose sole purpose seems to be to increase militarism.

Racism

Southern Strategy

Zimmerman Trial

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Overview: Insider Trading In Congress, Martha Stewart Scapegoated & Bankers Hypocrisy Exposed

7/21/2013

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Background:
Vegas Debate: Ron Paul rips Herman Cain over Occupy Wall Street
Ron Paul slams Herman Cain over The Fed during Bloomberg GOP Debate
 Mitt Romney: I dont know what the Constitution says! Ask Ron Paul

The government investigates trading on non-public information -- unless members of Congress are doing it...

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An Old Report On Insider Trading in Congress...
"Because of our inability to regulate financial markets, we have no idea who has the credit default swaps"...

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How do you distract people from the fact that you're making money off of their misery?... and are engaged in activities that led to economic disaster? Answer: You blame a scapegoat.

Scapegoat: Occupy Wall Street

From The Guardian: The shocking truth about the crackdown on Occupy "No 3 was the most clarifying: draft laws against the little-known loophole that currently allows members of Congress to pass legislation affecting Delaware-based corporations in which they themselves are investors."

The truth about violence at OccupyIn Oakland, the camp coincided with a significant drop in crime. But that wasn't the story we were told

The most important direct violence Occupy faced was, of course, from the state, in the form of the police using maximum sub-lethal force on sleepers in tents, mothers with children, unarmed pedestrians, young women already penned up, unresisting seated students, poets, professors,pregnant women, wheelchair-bound occupiers and octogenarians. It has been a sustained campaign of police brutality from Wall Street to Washington State the likes of which we haven’t seen in 40 years.

But it all began with the fountain pens, slashing through peoples’ lives, through national and international economies, through the global markets. These were wielded by the banksters, the “vampire squid,” the deregulators in D.C., the men — and with the rarest of exceptions they were men — who stole the world.

That’s what Occupy came together to oppose, the grandest violence by scale, the least obvious by impact. No one on Wall Street ever had to get his suit besmirched by carrying out a foreclosure eviction himself. Cities provided that service for free to the banks (thereby further impoverishing themselves as they created new paupers out of old taxpayers).  And the police clubbed their opponents for them, over and over, everywhere across the United States.

The grand thieves invented ever more ingenious methods, including those sliced and diced derivatives, to crush the hopes and livelihoods of the many. This is the terrible violence that Occupy was formed to oppose. Don’t ever lose sight of that.

Scapegoat for Congress's Insider Trading: Martha Stewart

Insider Trading is what Martha Stewart went to prison for! i.e....

The big banks make money by taking the bailout money we gave them and lending it back to the government with interest.

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News Report: A Bloomberg report reveals that the U.S. government loaned banks $7.7 trillion in secret bailout funds at no interest and then borrowed the money back at interest!!!!

Notes

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In the olden days agriculture took up most of an average countries economy. Nowadays it's a small percent of the economy. In other words, it's like having a huge mine in our fishing town which has made as rich. But we are rich because of the mine. If it falls we will have to go to a huge adjustment period till the economy stabilizes at current output levels (i.e. the economy with a very small financial sector - like the mine going down to a trickle). This adjustment period is called a depression. {Note: It would be better to move towards de-centralization, sooner rather than later}

What Does "Too Big To Fail" Mean?Have you heard of the boom bust towns of the olden days? Lets start there. If a town pops up around one industry, say mining, and the mine goes dry. Then all the workers will be out of work. No one will have any money for groceries or any other commodities available in the small shops and the town will become a ghost town. The mine was the main industry and it's failure led to the towns extinction. From the point of view of the towns economy the mine is 'too big to fail'.

Lets say there is a two industry town. A fishing industry with a built up port and a mine in the nearby mountains. If the mine goes dry the fishing industry will still be around. If the mine employed 50 - 70 percent of the towns labor then the town will go bankrupt, many workers will leave, many shops will close. The town will not cease to exist as there is still the fishing industry. However, economic growth for that town will be the equivalent of a depression. So from the point of view of the town's economic growth the mine was 'too big to fail'. [The financial sector is like a hug mine that has come to dominate the economic landscape - for a visual image see the pie chart below - this trend has spread to all countries as they participate in global trade for their own economic growth]

We can go on multiplying the number of industries (which is what economists do - start with a model of one industry and build it until it takes many variables of an economy into account). I'm guessing you get the idea and so I want to move to our current financial structure.

To fix a problem of too big to fail you HAVE to break up the companies so they are NOT too big to fail. To let it fall breaks the whole economy. To let it go on just postpones the problem (i.e. the global economy will simply break later).


New Regulations Proposed By The Treasury Department(First read the post with the extract on Financial Regulation)

Every time there is a financial crisis new regulations and rules are implemented. The problem is that our hindsight is 20/20. Once a crisis has occurred the regulators realize that if certain rules had been set before hand this problem would never have happened (or at least have been unlikely). 

First, what is a ‘Systemically Important Firm’?

Suppose the town has two big banks and a big insurance company and 4 small banks and a small insurance company. The big banks hold most of the money from the mine, farms and ranches. The big insurance company has insured all the big ranches and farms.
Most of the money in the town is in the big banks. If the small banks fall there will be a lot of capital loss. A lot of people will be unhappy. If the big banks and the big insurance company fall then most of the money of the town will cease to exist.

From the point of view of the town the loss of the small banks and insurance company will cause scandals and possibly a small recession. If the big banks fall then most of the capital in the entire town is lost. A serious recession/depression will result. 

Look at it this way; The banks pass loans between each other, they have stocks in each other, they even are connected to the insurance company. i.e. all the big institutions are interconnected.

Each one of the big financial institutions of the town represent ‘systematic risk’ i.e. if one falls they can hurt the entire town financial system.

From the point of view of the town each one of the big banks and the big insurance company are ‘too big to fail’. 

Treasury Department's Press Release
More reporting on the history and corruption of the financial crisis...

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Image Source: Geeky chart from Steve Benen -- new jobless claims still at four-year low, even with upward revisions 
Above: Private sector jobs figures] Did private companies start firing people right when the stimulus started? Where would I look for information of private sector jobs and their political orientations, that regular journalists don't think of researching? (i.e. this was obviously a co-ordinated effort by big players in the private sector to move jobs abroad as fast as possible to stall the recovery. Moment of Zen? The biggest private sector companies are almost all connect to the GOP :-0) i.e. GOP are the crony capitalists in this video (guys lighting the dollar on fire for their cigars):Hayek VS Keynes Part 2


In Depth...


Keynesian Economics - Old School Theory (From The Concise Encyclopedia Of Economics):

Keynesian economics is a theory of total spending in the economy (called aggregate demand) and its effects on output and inflation. Although the term has been used (and abused) to describe many things over the years, six principal tenets seem central to Keynesianism. The first three describe how the economy works.

1. A Keynesian believes that aggregate demand is influenced by a host of economic decisions—both public and private—and sometimes behaves erratically. The public decisions include, most prominently, those on monetary and fiscal (i.e., spending and tax) policies. Some decades ago, economists heatedly debated the relative strengths of monetary and fiscal policies, with some Keynesians arguing that monetary policy is powerless, and some monetarists arguing that fiscal policy is powerless. Both of these are essentially dead issues today. [i.e. studies have shown that these policies can have an effect, both positive and negative, depending on circumstances. A lower interest rate for an emergency in the short run makes sense. As a consistent policy, it doesn't]

Nearly all Keynesians and monetarists now believe that both fiscal and monetary policies affect aggregate demand.


Aggregate demand IS based on ALL the choices that individuals and businesses and governmentcontractors  (contractors is how Governments create jobs Romney) etc. make. That means all the choices of buying made in a country's economy all added up together equals 'aggregate demand'.


4. Keynesians do not think that the typical level of unemployment is ideal—partly because unemployment is subject to the caprice of aggregate demand, and partly because they believe that prices adjust only gradually. In fact, Keynesians typically see unemployment as both too high on average and too variable, although they know that rigorous theoretical justification for these positions is hard to come by. Keynesians also feel certain that periods of recession or depression are economic maladies, not, as in real business cycle theory, efficient market responses to unattractive opportunities.

Interesting enough, based on this, Hayek and Ron Paul are both Keynesians! lol!


Keynesian Economics - Old School Theory (From The Concise Encyclopedia Of Economics): 5. Many, but not all, Keynesians advocate activist stabilization policy to reduce the amplitude of the business cycle, which they rank among the most important of all economic problems. Here, however, even some conservative Keynesians part company by doubting either the efficacy of stabilization policy or the wisdom of attempting it.

Switching from fiat currency to a precious metals based currency such as Gold, Silver, Titanium(?), Platinum etc. is a form of stabilization i.e. it would help moderate inflation. It has become a fad in political circles to assume that inflation would cease to exist if we switched back to a gold standard. This is outdated by about 50 years. Nowadays the exchange is free floating. This means that even Gold has 'boom - bust' cycles  i.e. depending on other factors the price of gold goes up and down and can even end up in a bubble. To minimize gold bubble problems if it is put into a currency we have to 1. Use as many metals as possible so the concentration of gold or silver or any one metal in the hands of a few people or in a few countries doesn't cause it's own long term socialist/fascist/corporatism problems. - 2. Have a very slow infusion period in the style of the old style gold promissory notes that the ancient jewellers use to issue. i.e. For every dollar of currency out in circulation there should not only be an equal amount of gold/silver but also more (like how a 'reserve' functions in a bank) to cover the bubble problem (which is bound to happen in a free floating exchange rate... this is something that old people can't visualize properly because it was one of the results of freeing up the markets. To old people who are familiar with these ideas, as soon as a market becomes freerer it's also supposed to make people better off. That's dumb.) - 3. Allow small communities like States or cities to start. - 4. There is no rush because the worlds economy has been off precious metals for a while and moving metals to the economic position of a currency needs to be done slowly so there are no problems (like pursuing a war for gold... we just got done with a war for oil, lets not start a new mineral genocidal adventure?).

Note: Personally I don't care about returning to precious metals. Going back to precious metals as currency is mostly an old person thing. i.e. right-wing/libertarian economists from the 1970's (before all the privatizations carried out under F.A.Hayek's influence happened, which haven't been taken account into thier theoretical models because thier ability to adjust to the changing global economy ended in the 1970's. Why? I think people such as Ron Paul put together a plan and then became obsessed with the plan. Half of this plan has already been hijacked so pursuing this plan, politically, could be disastrous for the US & global economy unless some proper economists are involved in straightening this mess out - Paul Krugman isn't one of them). Old people are always complaining about how much more things cost. How burgers used to be 10 cents. Only difference is Ron Paul is doing something about it.... i.e. returning to the currency system of his childhood. Returning to some lost golden age is always what happens to a dissatisfied minority who, through constant shouting, often get everyone believing that the previous age really was better. In most cases, there was simply too little information available to the people concerned of that time. For example; based on GOP policies, we know now that incest and rape is not only common in the South it has actually increased under the new Texan Governor Rick Perry i.e. there is a decrease in women's rights & increase in child abuse (and he's not in prison i.e. this is normal for Southerners!). 50 years ago this information would not be available to people (back when this problem was probably greater). So people living in a dream world will often think thier idealized version of the past really existed when it didn't. This problem is covered by Eric Hoffer in his books "True Believer"  and "The Passionate State of Mind". Moving on.

Inflation can be controlled in many ways. However, there is a problem of leaving too much up to a small group of people in any form of government as it inevitably leads to corruption as 'a little power corrupts' just as effectively as 'absolute power corrupts completely' (that's why State Governments are separate from Federal Governments in the US Constitution). The best solution is to find a way to stabilize the environment/country/economy for individuals to begin to prosper and let them take over the direction of where society will go in it's innovation and education.

Currently the system constrains that, especially the educational system in the US and Texas... in fact, I personally support isolating Texas from being involved in just about anything as that's the Nazi Homeland since World War 2 (probably because of the transfer of scientists as war booty after killing Hitler... but these scientists were allowed free reign and now thier "Neo" Nazi groups are all over the South!). Texas is also the source of most, if not all, of the US & global economic and social problems. The new Nazi terrorists in Europe (such as Andre and others that got caught before going on a killing spree) seem to have thier philosophical origins in the USA. ALSO, we have some very big problems we have to deal with or humanity's future is very bleak (such as this, this and this). Going nuts over returning to a money system that old people who have read maybe one of two books in thier lives (besides a bunch of approved textbooks) have become obsessed with, is risky and dangerous.

The problem is that when things are going badly people begin to think that returning to some past 'golden age' is the way to salvation. This desire to return to the past is common but illusory. Ron Paulwants to go back to the Gold Standard (it's impossible to go back to just one precious metal as 'currency' anyways - given supply so I'm glad he included Silver in his plan. But just two metals isn't enough). The lost Christians want to return to the Garden of Eden and thier preachers have driven them to madness. The GOP leaders want to bring the Old Testament and it's Patriarchal form of woman control and marriage back to the present. The Muslims are lost and angry. The Libertarians are being manipulated by the Koch brothers and are extremely confused. So if allowing precious metal based currencies will make some depressed people happy, then my position is to give it to them. Just allow it to enter SLOWLY so the structural adjustments can take place over the next couple of decades or so to make the transition smooth. As each currency grows it will find it's place in the market till you have a set of currencies on a free floating exchange each with it's own value and position of the market (i.e. with a very slow implementation there is no reason to withdraw ANY of the fiat currencies. The junk bond status for fiat currencies will take 25-30 years. If ever. i.e. with stable & transparent economies - even in banking ex. LIBOR scandal - even fiat currency will work. Without it... hyperinflation is a very real long-term possibility.)

In other words, precious metal currencies do no harm and could even help, so why not?


Keynesian Economics - Old School Theory (From The Concise Encyclopedia Of Economics): This does not mean that Keynesians advocate what used to be called fine-tuning—adjusting government spending, taxes, and the money supply every few months to keep the economy at full employment.Almost all economists, including most Keynesians, now believe that the government simply cannot know enough soon enough to fine-tune successfully. Three lags make it unlikely that fine-tuning will work. First, there is a lag between the time that a change in policy is required and the time that the government recognizes this. Second, there is a lag between when the government recognizes that a change in policy is required and when it takes action. In the United States, this lag can be very long for fiscal policy because Congress and the administration must first agree on most changes in spending and taxes. The third lag comes between the time that policy is changed and when the changes affect the economy. This, too, can be many months. Yet many Keynesians still believe that more modest goals for stabilization policy—coarse-tuning, if you will—are not only defensible but sensible. For example, an economist need not have detailed quantitative knowledge of lags to prescribe a dose of expansionary monetary policy when the unemployment rate is very high.

6. Finally, and even less unanimously, some Keynesians are more concerned about combating unemployment than about conquering inflation. They have concluded from the evidence that the costs of low inflation are small. However, there are plenty of anti-inflation Keynesians. Most of the world’s current and past central bankers, for example, merit this title whether they like it or not. Needless to say, views on the relative importance of unemployment and inflation heavily influence the policy advice that economists give and that policymakers accept. Keynesians typically advocate more aggressively expansionist policies than non-Keynesians.

Keynesiams exists as both anti-inflation or anti-unemployment. Just another proof that this isn't the 1930's anymore. So will the politicians in the US PLEASE PLEASE PLEASE stop arguing like elementary kids who have never been to elementary school and just been bullied all thier lives and so now must bully others... over the first theoretical paper in a baby science from 80 years ago. For gods sake! (i.e. Keynes theory)


"The successful politician owes his power to the fact that he moves within the accepted framework of thought, that he thinks and talks conventionally. It would be almost a contradiction in terms for a politician to be a leader in the field of ideas. His task in a democracy is to find out what the opinions held by the largest number are, not to give currency to new opinions which may become the majority view in some distant future." F. A Hayek


Keynesian Economics - Old School Theory (From The Concise Encyclopedia Of Economics): ’ belief in aggressive government action to stabilize the economy is based on value judgments and on the beliefs that (a) macroeconomic fluctuations significantly reduce economic well-being and (b) the government is knowledgeable and capable enough to improve on the free market.

This is the problem with too much meddling (or "fine-tuning). If you are constantly fine tuning monetary or fiscal policy you are going to mess up. it's inevitable as the laws of probability dictate. If fiat currency makes us constantly have to do fine tuning while a precious metals currencies will help stabilize economies and reduce the need for fine tuning then it makes long-term economic sense that that's what we should do.


Keynesian Economics - Old School Theory (From The Concise Encyclopedia Of Economics): The brief debate between Keynesians and new classical economists in the 1980s was fought primarily over (a) and over the first three tenets of Keynesianism—tenets the monetarists had accepted. New classicals believed that anticipated changes in the money supply do not affect real output; that markets, even the labor market, adjust quickly to eliminate shortages and surpluses; and that business cycles may be efficient. For reasons that will be made clear below, I believe that the “objective” scientific evidence on these matters points strongly in the Keynesian direction. In the 1990s, the new classical schools also came to accept the view that prices are sticky and that, therefore, the labor market does not adjust as quickly as they previously thought (see new classical macroeconomics).


The idea of sticky wages because of minimum wage requirements is being fought by the GOP (Fully Explained here = Paul Ryan's Plan Is EXTREMELY Bad For Seniors i.e. this is the same economic "balanced budget" plan the GOP-Republicans have been marketing for the last 4 years!). This is a bad idea as the US can't really return to an agricultural based economy (where kids work with thier families in the fields and paying a dollar for help in loading the truck/cart is sustainable living). Even with food towers making local food production independent and self-sustaining in times of famine and drought ... in the long run all agricultural work will be done with heavy machinery around the world and eventually robots in the first world countries. So the future of jobs in the US lies in the manufacturing sector for the US. If the US federal government wasn't supporting an off shoring outsourcing policy (since LONG before Obama - you guys do know that laws can't be removed all willy-nilly by the President don't yall? Unless you want a Despotism and NOT a Democracy/Republic - ... which, BTW,  Mitt Romney is involved in as well because it's a GOP-Republican thing. Then the US economy would be at 'full employment' right now (about 4-5% unemployment).

This brings me to the Federal Reserve whose leader Alan Greenspan controlled much of government policy on banking and financial money making for the last two decades. Given the kind of arguments they have used  and the recently exposed LIBOR scandal any possible objection to a private company controlling public interests must be gone by now (if there is still objection there names needs to be written down for an investigation). If the LIBOR scandal isn't enough for a full scale inquiry into the Federal Reserve and a restructuring of it's position in our economy then the fact that they have been printing money to giving it away to thier friends in the trillions should be more than enough. Unfortunately the people receiving bailouts from places like the Federal reserve (such as Mitt Romney ... and Alan Greenspan?) are too powerful in the government for any change to take place. Of course, the fact that no change is taking place is more reason for an investigation but let's not go there.

To have this private corporation also overlooking banks (does anyone remember the financial collapse of 2008 with the no questions asked TARP by Bush with huge bonuses paid out after?)... is madness. THE federal reserve proves this everyday by hiding it's analysis and decision making. Since all US banks have been proven to be involved in artificially setting rates (LIBOR) the idea that banks should be allowed to be private AND control the economy and regular taxpayer/citizen interests is obsolete (if it ever was valid!).

It's why what Andrew Jackson said is true now, more than ever!

Concerning his expansion of presidential powers:

"Taking up his presidential duties, Jackson thought the country was suffering from a crises of corruption. If virtue was central to the well being of the nation, then corruption and selfishness were corrosive, and could be fatal. By corruption, Jackson did not mean only scandal and mismanagement. He meant it in a broader sense; in the marshalling of power and influence by a few institutions and interests that sought to profit at the expense of the hole. He was not against competition in the marketplace of goods and ideas. Like the Founders, he believed in vigorous debate, and like Adam Smith, he put his faith in the capacity of free individuals to work out their destinies. But he was very much against the special deal or the selfish purpose, and he was very much in favor of his own role as defender of the many and protector of the nation. In Washington, he was intent on dismantling the kind of permanent federal establishment that created a climate in which, in his view, insiders such as John Quincy Adams and Henry Clay could thrive no matter what the people beyond Washington wanted.

Jackson worried about the power of the Second Bank of the United States, an institution that held the public’s money but was not subject to the public’s control, or to the presidents.Presided over by Nicholas Biddle – brilliant, arrogant, and as willfull in his way as Andrew Jackson was in his – the Bank, headquartered in a Greek Revival building on Chestnut Street in Philadelphia, was a rival interest that, Jackson believed, made loans to influence elections, paid retainers to pro-Bank law makers, and could control much of the nations economy on a whim."

Pay attention here: The problem was private ownership of public wealth – people with no one above them, privately owned large national resources. This is a disaster waiting to happen in any type of economy as an individual can manipulate the nation's economy at a whim.

Page 210: It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth cannot be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy of the gifts and virtue every man is equally entitled to protection by law; but when the laws undertake to ad to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society – the farmers, mechanics, and laborers – who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in the government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing.

Bill Moyers & Senator Bernie Sanders On Corporate Money In Politics
Page 273: “On Friday, December 3, 1833, Andrew Donelson took Jackson’s annual message to the Congress. The deposits had been removed, Jackson said, because of “the unquestionable proof that the Bank of the United States was converted into a permanent electioneering engine.” The issue was, “whether the people of the United States are to govern through representation chosen by their unbiased suffrages of whether the money and power of a great corporation are to be secretly exerted to influence their judgement and control their decisions.”

The problem here is powerful, privately owned enterprises, who influence the nations wealth i.e. "Capitalism Visualized" {I found the link to the above image from BillMoyers.com (at the bottom of this page)}

There is only one solution. An audit of the Fed followed by prosecutions of criminal behaviour  such as the insider trading Paul Ryan was involved in... and probably Mitt Romney as he bragged about connections to Washington in 2002 AND keeps saying all the money he made was done legally... so did Paul Ryan! Congress has set up thier own corporation to do insider trading through Delawar! (probably others as well) So technically, all the money Mitt Romney made IS legal, just not moral. Proof? If what's in this paragraph isn't enough then read this and this.

Taking the money that was stolen during the Bush years and putting it back into the economy... you could probably buy everyone in the US a house or jump-start the global economy with 21st century technology rather than the 19th century oil based economy we have now... we should have a corresponding boom equivalent to the one during the Industrial age... providing our huge global corruption problem is taken care of, then it will move slowly or even backfire as traitors get thier time to make plans and take actions).

The FED - HAS - to exist as a central bank for the State as ALL countries on this planet have a financial structure that is set and stepping out of that system would be bad for the US (economically and for stability). Though all countries don't have private untransparent banks taking care of public matters. That's just crazy and something you'll only find in America!SO the FED has to be nationalized, made transparent and anyone not involved in criminal behaviour should be payed a fair share price for thier holdings in the previously private corporation (the FED) which was controlling public interests.


Keynesian Economics - Old School Theory (From The Concise Encyclopedia Of Economics): Before leaving the realm of definition, I must underscore several glaring and intentional omissions.

First, I have said nothing about the rational expectations school of thought. Like Keynes himself, many Keynesians doubt that school’s view that people use all available information to form their expectations about economic policy.

This is true as people make decisions emotionally unless they learn how to develop clarity, learn how to research and think critically. For some in the US... If they like the candidates clothes on the day they have to decide who to vote for then whether the colour of thier cloths pleases them or not WILL have an effect on thier decision for who to vote for. In addition to this most information is kept from the public under the guise of being 'polite' or 'journalistic integrity' to avoiding mudslinging . Telling the truth isn't mudslinging.


Keynesian Economics - Old School Theory (From The Concise Encyclopedia Of Economics): Third, I have ignored the choice between monetary and fiscal policy as the preferred instrument of stabilization policy. Economists differ about this and occasionally change sides. By my definition, however, it is perfectly possible to be a Keynesian and still believe either that responsibility for stabilization policy should, in principle, be ceded to the monetary authority or that it is, in practice, so ceded. In fact, most Keynesians today share one or both of those beliefs.

Keynesian theory was much denigrated in academic circles from the mid-1970s until the mid-1980s. It has staged a strong comeback since then, however. The main reason appears to be that Keynesian economics was better able to explain the economic events of the 1970s and 1980s than its principal intellectual competitor, new classical economics.

The reason Keynesian concepts such as the multiplier effect work is because they are time-tested. (which Keynes had nothing to do with as he died a long time before the math of the multiplier effect was done... and a long time before his explanation of digging ditches for the sake of digging ditches was thrown out. When investing nowadays (i.e. spending on equipment/rent/infrastructure) you have to spend money as no one likes to give up stuff for free OR by barter. Only bought economists could possibly use such an outdated theory - literally the first paper on this subject was in the 1930's. ONE paper. THE VERY FIRST ONE!)


New Keynesian Economics: From The Concise Encyclopedia Of Economics: New Keynesian economics is the school of thought in modern macroeconomics that evolved from the ideas of John Maynard Keynes. Keynes wrote The General Theory of Employment, Interest, and Money in the 1930s, and his influence among academics and policymakers increased through the 1960s. In the 1970s, however, new classical economists such as Robert Lucas, Thomas J. Sargent, and Robert Barro called into question many of the precepts of the Keynesian revolution. The label “new Keynesian” describes those economists who, in the 1980s, responded to this new classical critique with adjustments to the original Keynesian tenets.

Another example of the continuous research being done in economics as it's an empirical scienceNOT a political philosophy. Of course, economics takes years to study and test theories because that's the nature of an economy and science itself.


New Keynesian Economics: From The Concise Encyclopedia Of Economics: The primary disagreement between new classical and new Keynesian economists is over how quickly wages and prices adjust. New classical economists build their macroeconomic theories on the assumption that wages and prices are flexible. They believe that prices “clear” markets—balance supply and demand—by adjusting quickly. New Keynesian economists, however, believe that market-clearing models cannot explain short-run economic fluctuations, and so they advocate models with “sticky” wages and prices. New Keynesian theories rely on this stickiness of wages and prices to explain why involuntary unemployment exists and why monetary policy has such a strong influence on economic activity.

GOP is using New Keynesian theory of sticky wages and prices for it's plan of lowering minimum wage! 



New Keynesian Economics: From The Concise Encyclopedia Of Economics: Menu Costs and Aggregate-Demand Externalities

One reason prices do not adjust immediately to clear markets is that adjusting prices is costly. To change its prices, a firm may need to send out a new catalog to customers, distribute new price lists to its sales staff, or, in the case of a restaurant, print new menus. These costs of price adjustment, called “menu costs,” cause firms to adjust prices intermittently rather than continuously.

Economists disagree about whether menu costs can help explain short-run economic fluctuations. Skeptics point out that menu costs usually are very small. They argue that these small costs are unlikely to help explain recessions, which are very costly for society. Proponents reply that “small” does not mean “inconsequential.” Even though menu costs are small for the individual firm, they could have large effects on the economy as a whole.


There is also the profit margin to consider. Generally the profit margin is so high that a few percent rise in costs just means lower profits - if sales are consistent - so a cost-push inflation on prices is not enough, in the short run, to cause a change in prices especially when adding to this the fact that people don't like change very much and more businesses are private and thus have to compete for customers.

Financial Inquiry Nonsense...
 (Notice how the corporations see their clients i.e. us... clear contradiction of interest!)
Above Interview is of the authors of the book: All The Devils Are Here

The Daily Show with Jon Stewart
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Note:

3 mins and 30 secs - Says 'we didn't realize housing doesn't go up forever' yet the excuse for the derivatives housing nonsense (triple AAA rated toxic assets) is 'this is the normal financial crises that occurs every 5-7 years'.


Useful Information: A video of an enlightening interview from 2009 on the Bailouts.

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In The USA... Gangsters Are Glorified!

6/26/2013

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Laws make life complicated for the under-educated money makers...

The Daily Show with Jon Stewart
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{Sigh!} It is said,last bastion of free Capitalism, America is. True that is. Pure capitalists America has become. (of the robber baron type of capitalism not Constitutional capitalism - one of Law - ... but that's for another day)

These guys Bugs meets illustrates what sort of trading is going on in the States...

In other words...

"Singing like a canary" he was...

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In The USA... You Can Buy Your Way To Riches!

6/26/2013

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Internal e-mails implicate credit rating agencies in the 2008 financial crisis.  (04:33)

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'What sounds like bribes (in the USA) is standard big business practice (conflict of interest).' John Oliver

At 2 mins - "These are the guys who gave AAA ratings to mortgages that were toxic" (Moody's & Standard & Poors)...

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