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David Stockman Explains Capitalism
...in ten minutes, on the Dylan Ratigan show. I will leave you to wonder about what to name the economic system that we have now, because it ain't capitalism. Click on link => Video
The Collapse Accelerates
Zerohedge: Chinese Treasury Holdings Decline For Fifth Month In A Row, Biggest Drop Since November 2010 Zerohedge: Empire State Manufacturing Index Plunges, Comes At 11.9 Down From 21.7, And Big Miss To Expectations Of 19.55 [...]
Asset-Stripping: Already Underway, Using Your Money
In the first "Asset-Stripping" post I explained how fractional reserve banking worked by using "leverage." I outlined how this money could be lent by banks to investors and used to buy public assets like public [...]
Senate Republicans Offer Amendment to Stop $108 Billion Bailout to Foreign Countries
Kudos to these Senators for finding a way to preserve hard-earned taxpayer money: "U.S. Senators Jim DeMint (R-South Carolina), Orrin Hatch (R-Utah), David Vitter (R-Louisiana) and John Cornyn (R-Texas) today offered an amendment to the [...]