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Monday, November 17, 2008

THE RECESSION IS OVER...! YEAH, AND I'M THE TOOTH FAIRY...

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The no-think nationThe Crisis Has Hardly Begun

By Paul Craig Roberts

The exchange value of the dollar will decline with
the domestic inflation. Once inflation is off and running,
the printing press dollars will only have goods made
in America to chase after. The real crisis has not
yet begun. Continue

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Depression 2009: What would it look like?:

By looking at what we know about how society and commerce
would slow down, and how people respond, it's possible to
envision what we might face.

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US's Road to Recovery Runs Through Beijing

By Francesco Sisci and David P Goldman

For the past decade, poor people in the developing world
have financed the consumption of rich people in America.
America has borrowed nearly $1 trillion a year, mostly
from the developing world, and used these funds to
import consumer goods and buy homes at low interest
rates. The result is a solvency crisis of the American
household, which shows up as a solvency crisis for
financial institutions. Continue


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The G-20 Washout

By Mike Whitney

The financial crisis is being used by Wall Street big-wigs
to restructure the economy and create a permanent
class of working poor. Continue

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The G-20 Economic Summit Won’t Change the "Financial Crime Scene"

By Richard C. Cook

I worked in the U.S. Treasury Department for 21 years and
learned first-hand the history and operations of public
finance in the U.S. I have seen the disastrous results of
the debt-based financial system and how it has driven
our nation, government, and people into bankruptcy. I
have also seen how these simple measures of monetary
reform would be easy to implement and would begin to
turn the situation around within weeks or months.
Continue

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The Ballot Heard ‘Round The World

By David Michael Green

The America of 2012 or 2016 will be nearly unrecognizable
from the swamp in which we’ve been mired since 2000,
and all those changes will be for the better. And they
will have hugely salutary effects well beyond our borders
as well. Continue

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QUOTE:

The no-think nationThe Crisis Has Hardly Begun

By Paul Craig Roberts

The exchange value of the dollar will decline with the
domestic inflation. Once inflation is off and running,
the printing press dollars will only have goods made
in America to chase after. The real crisis has not
yet begun. Continue

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The Sucker Bait Called Hope
Making the Best of a Slow Apocalypse

by Joe Bageant

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Obama and the Great Depression

By Mickey Z.

No, I don’t mean that Great Depression. I’m talking about
the inevitable moment—maybe next week, maybe next
year—when the Kool Aid wears off and the Obamatrons
wake up to realize their hero offers nothing even approximating
hope or change. Continue

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Robert Gates: As Bad as Rumsfeld?

What can Barack Obama be thinking?

By Ray McGovern

The little-understood story behind Bush’s decision to
catapult Robert Gates into his Pentagon perch was
the astonishing fact that Donald Rumsfeld, of all people,
was pulling a Robert McNamara; that is, he was going
wobbly on a war based largely on his own hubris-laden,
misguided advice. Continue

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This Is Not A Normal Recession

Moving on to Plan B

By Mike Whitney

The global economy is being sucked into a black hole
and most Americans have no idea why. The whole
problem can be narrowed down to two words;
"structured finance". Continue

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Leading Economist Warns of Food Riots

By The London Banker and RGE Monitor

Everyone along the supply chain should worry about
their jobs. Many will lose their jobs sooner rather
than later. Continue

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America the Illiterate

By Chris Hedges

We live in two Americas. One America, now the minority,
functions in a print-based, literate world. It can cope
with complexity and has the intellectual tools to separate
illusion from truth. The other America, which constitutes
the majority, exists in a non-reality-based belief system.
This America, dependent on skillfully manipulated
images for information, has severed itself from the
literate, print-based culture. It cannot differentiate
between lies and truth. It is informed by simplistic,
childish narratives and clich├ęs. Continue

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The Worst Is Not Behind Us

Beware of those who say we've hit the bottom.

By Nouriel Roubini

The recession will continue until at least the end of
2009 for a cumulative gross domestic product drop
of over 4%; the unemployment rate will likely reach
9%. The U.S. consumer is shopped-out, saving less and
debt-burdened: This will be the worst consumer
recession in decades. Continue

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Wall Street's Bailout is a Trillion-Dollar Crime Scene

Why Aren't the Dems Doing Something About It?

By Naomi Klein

The more details emerge, the clearer it becomes that
Washington's handling of the Wall Street bailout is
not merely incompetent. It is borderline criminal.
Continue

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A Credit Crisis or a Collapsing Ponzi Scheme?

The Two Trillion Dollar Black Hole

By PAM MARTENS

Bloomberg News reporter, Mark Pittman, filed a
Freedom of Information Act request (FOIA) with
the Federal Reserve asking for detailed information
relevant to whom the central bank was giving these
massive loans and precisely what securities these
firms were posting as collateral. Continue

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Paulson the Bungler

By Mike Whitney

There's more pain to come, but the suffering can be
mitigated by sound decision-making and Keynesian
policies. That means public work programs, bankruptcy
reform, and extensions on unemployment. Nobel
prize winner Paul Krugman recommends a stimulus
package of $600 billion. That's a good start, but it will
take much more than that. Continue

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Crisis Is Beyond The Reach of Traditional Solutions

By Paul Craig Roberts

I cannot predict the future. However, I can explain
what the problems are, how they differ from past
times of troubles, and why traditional remedies, such
as the public works programs that Reich proposes,
are unlikely to succeed in reviving the U.S. economy.
Continue

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QUOTE:

Could the First World War have been stopped?

By George Monbiot.

Faced, earlier in the century, with the possibilities of peace,
the old men of Europe had decided that they would rather
kill their children than change their policies. Continue

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Too Poor for Bankruptcy

By David Glenn Cox

Most all of our problems seem to evolve from a falling
standard of living in America’s working class, and
yet when we call for help for America’s working poor
we are told that it can’t be helped. Here in Atlanta
a local food pantry advertises that 40% of all its
recipients are employed. Continue

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US May Lose Its 'AAA' Rating

By CNBC"

The U.S. might really have to look at a default on the
bankruptcy reorganization of the present financial
system" and the bankruptcy of the government is
not out of the realm of possibility, Hennecke said.
Continue

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QUOTE:

Global systemic crisis Alert For Summer 2009:

The US Government Will Default On Its Debt

By GEAB

Our researchers anticipate that, before next summer
2009, the US government will default and be prevented
to pay back its creditors (holders of US Treasury Bonds,
of Fanny May and Freddy Mac shares, etc.). Of course
such a bankruptcy will provoke some very negative
outcome for all USD-denominated asset holders.

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The DOW a year from now

By Denver Research Group

Without new dollars flowing on a consistent basis to
middle class consumers, many analysts believe the DOW
would necessarily fall below the level of the post dot.com,
post 9/11 crash of 2002 (8,000)...most likely to the
range of 6,500-7,000. Continue

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U.S. will soon face second "Great Depression"

Renowned economist Khazin predicted U.S. financial
crisis in 2000

By Yevgeniy Chernyx

Whatever decision Wall Street takes right now, the
demand is going to fall. What will happen to these
industries? In 2000, we estimated that 25 percent
of the U.S. economy would disappear. Today, we
think the number is closest to one-third — if not
more. Continue

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QUOTE:

Obama's Historic Victory

By Howard Zinn

Those of us on the Left who have criticized Obama, as
I have, for his failure to take bold positions on the
war and on the economy, must join the exultation
of those Americans, black and white, who shouted
and wept Tuesday night as they were informed that
Barack Obama had won the presidential election.
Continue

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America Has Already Changed

By William John Cox

"It sent chills though my body." She said, "There was
a time when black people couldn't even see inside the
White House as a visitor, and now one of us is going
to be living there." Continue

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America’s Moronic Iraqi Policy

By Paul Craig Roberts

If the US maintains its pro-Israeli stance against Arabs
and Muslims generally, the implications of a growing
Muslim population and a government obsessed with
its “war on terror” are frightening for American civil
liberty. In order to contain the potential terror that
it will have imported, Washington would impose a
total police state. We will have our own Saddam Hussein.
Continue

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QUOTE:

My Michelle Moment: America Does Itself Proud

By David Michael Green

For the first time in a very long time, I felt a little
pride about what my country was doing. This election
felt to me like nothing so much as a reclaiming of our
country from some truly evil predators who had
hijacked it, and a restoration of democracy – and,
really, sanity – to our political sphere. Continue

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QUOTE

George Carlin on "The American Dream" 4 Minute Video

Click to view (THERE'RE AROUND 15 RECORDED TAPES:
CLICK ON AN IMAGE TO PLAY EACH TAPE SEPARATELY)

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Late Night Political Jokes - Late Night Jokes Updated Daily

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PHOTOGRAPHY BY NOVELIST F. SCOTT SINCLAIR

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QUOTE:

A CONVENIENT (I HOPE) TABLE OF CONTENTS OF
F. SCOTT SINCLAIR'S NOVELS

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(FAIR AND BALANCED?! YOU BE THE JUDGE...REMEMBER,
IT'S ALWAYS GOOD TO KNOW WHAT THE OPPOSITION IS
DOING. WHY? SO ONE'S MIND DOESN'T BECOME FOSSILIZED,
INEPT AND CORRUPT: MORALLY BANKRUPT.)

THE O'REILLY FACTOR

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QUOTE:

MY HERO: ANDY ROONEY

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Tuesday, November 04, 2008

CONGRATULATIONS ARE IN ORDER, PRESIDENT BARACK OBAMA! BLESS YOU & MAY THE "GOOD LORD" PROVIDE YOU WITH THE WISDOM, COURAGE & STRENGTH YOU'LL NEED

QUOTE:

Live 2008 Election Coverage

» View Map of State-by-State Results

Watch Live Broadcast from ABC News NOW


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QUOTE:

George Carlin on "The American Dream" 4 Minute Video

Click to view

(THERE'RE AROUND 15 RECORDED TAPES: CLICK ON
AN IMAGE TO PLAY EACH TAPE SEPARATELY)

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QUOTE:

Late Night Political Jokes - Late Night Jokes Updated Daily

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QUOTE:

PHOTOGRAPHY BY NOVELIST F. SCOTT
SINCLAIR

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QUOTE:

A CONVENIENT (I HOPE) TABLE OF CONTENTS OF
F. SCOTTSINCLAIR'S NOVELS

******************************************************
QUOTE:

(FAIR AND BALANCED?! YOU BE THE JUDGE...
REMEMBER, IT'S ALWAYS GOOD TO KNOW WHAT
THE OPPOSITION IS DOING. WHY? SO ONE'S MIND
DOESN'T BECOME FOSSILIZED, INEPT AND CORRUPT:
MORALLY BANKRUPT.)

THE O'REILLY FACTOR

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QUOTE:

MY HERO: ANDY ROONEY

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Monday, November 03, 2008

THE LAST OF THE MOHEGANS

QUOTE:

No Currency Left to Buy the Big Lies

By John Cusack

No more money left to pay off the debt, the wreckage
in the wake. The orgy of excess has drained every
bottle, smashed the furniture and left the cupboards
bare. All that's left is derivative debts -- bets between
liars and lies. Trillions of dollars. It turned capitalism
into a Ponzi scheme for trading worthless paper. Continue

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QUOTE:

Obama's Little Red Book

Is Redistribution Really All That Bad?

By Mike Whitney

Redistribution is never an issue when the money is flowing
upwards. It's only when working people are poised to
get a few scraps that all hell breaks loose. Continue

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An Open Letter to Barack Obama

Between Hope and Reality

By Ralph Nader

Far more than Senator McCain, you have received
enormous, unprecedented contributions from corporate
interests, Wall Street interests and, most interestingly,
big corporate law firm attorneys. Never before has a
Democratic nominee for President achieved this
supremacy over his Republican counterpart. Continue

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The Evidence Establishes, Without Question,

Republican Rule Is Dangerous

By John W. Dean

They are people who are, in Altemeyer's words, are
"so self-righteous, so ill-informed, and so dogmatic
that nothing you can say or do will change their
minds." Continue

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Thirty Years Too Late:

The Implosion of John McCain and the Demise of the Regressive Right

By David Michael Green

Instead of raising his party and country from the gutter
of Bushism, John McCain dove down into it himself, with
a literal and figurative vengeance. Continue

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QUOTE:

Ayers a Guest in McCain's Glass House

Keith Olbermann Special Comment

Keith Olbermann points out that not only does John
McCain have a closer relationship with Rashid Khalidi
than Barack Obama does, that relationship means
McCain is has a connection to William Ayers as well.
Continue

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George Carlin On Voting In US Elections

4 Minute VideoWarning - Some readers may find the
contents offensive. Continue

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John McCain in the Echo Chamber

by: Gore Vidal, Truthdig.com

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The Endorsement From Hell

by: Nicholas D. Kristof, The New York

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Reversal of Fortune
Saturday 01 November 2008
»
by: Joseph E. Stiglitz, Vanity Fair

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QUOTE:

A TRIBUTE TO "GEORGE CARLIN" AN AMERICAN
ICON: A TRUE "IDOL" IF THE TRUTH BE KNOWN
FOR MILLIONS OF "CRITICAL THINKING" AMERICANS...!

QUOTE:

George Carlin on "The American Dream" 4 Minute Video

Click to view (THERE'RE AROUND 15 RECORDED TAPES:
CLICK ON AN IMAGE TO PLAY EACH TAPE SEPARATELY)
****************************************************
QUOTE:

Late Night Political Jokes - Late Night Jokes Updated Daily

*******************************************************
QUOTE:

PHOTOGRAPHY BY NOVELIST F. SCOTT SINCLAIR

********************************************************
QUOTE:

A CONVENIENT (I HOPE) TABLE OF CONTENTS OF
F. SCOTT SINCLAIR'SNOVELS

******************************************************
QUOTE:

(FAIR AND BALANCED?! YOU BE THE JUDGE...REMEMBER,
IT'S ALWAYS GOOD TO KNOW WHAT THE
OPPOSITION IS DOING. WHY? SO ONE'S MIND DOESN'T
BECOME FOSSILIZED, INEPT AND CORRUPT: MORALLY
BANKRUPT.)

THE O'REILLY FACTOR

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QUOTE:

MY HERO: ANDY ROONEY


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