Banking System and Economies on Brink

The entire world is truggling with financial instability created by the central planners, borrowers, and money creators. My guess is that the problems created by the financial and political elite will be blamed on capitalism and what is left of free markets.
My Blog:: kingworldnews.com/kingworldnews/KWN_DailyWeb/Entri....html
https://chumly.com/n/16467a7

Why Big business Loves Intervention

Big, geriatric corporations love big government most of all because they hate competition, and by curbing it government helps them extend their life span. The free market is organic. It has a birth-death cycle that keeps it healthy. Just as in the human body where cells must die and be replaced by young, new cells for the body to stay healthy, the same happens in a free market economy. In a corporate fascist market/economy you have monopoly-sized businesses guilty of gross errors and corrupt practices being at times bailed out, as well as constantly afforded the protection of regulatory barriers to competition. The AIGs, Goldman Sachs, GMs, and GEs are all rewarded for their faithful service to the political class, and the middle class picks up the tab. This brief article explains a little of what goes on these days. This quote gives you a hint as to who the thugs are, and who gets mugged: "The consumer, who is also a taxpayer, ends up paying the government to rig prices against him."

One last point: some of the businesses that hate competition, and lobby effectively for regulatory protection and more, are in the "non-profit" category.
The purpose of market intervention | Gold Price News:: www.goldmoney.com/gold-research/alasdair-macleod/t...=gata
https://chumly.com/n/163df79

A Little More on NY Shooting

A Question About The NY Shooting | Eric Peters Autos:: ericpetersautos.com/2012/08/25/a-question-about-th...oting
https://chumly.com/n/1638726

The Program

The National Security Agency’s Domestic Spying Program - www.nytimes.com:: www.nytimes.com/2012/08/23/opinion/the-national-se...inion
https://chumly.com/n/16281c5

Taxes, Who Pays and Who Benefits?

Turns out that taxing the rich prohibitively to benefit everyone is like handicapping your basketball team's top scorer. It makes the team more equal, but you won't make nearly as many points as a team either, and will lose games because of it.

Most people don't realize that investment (business expansion) is done with after tax income, and raising tax rates not only removes some of the reward (or incentive), but also removes some of the actual ability to expand businesses and create jobs.
Issues 2012 | The U.S. Tax System: Who Really Pays?:: www.manhattan-institute.org/html/ir_22.htm
https://chumly.com/n/1625f02

Much More "Recovery" and We'll Really Be Broke

If during a recovery we have steadily eroding incomes and shrinking household wealth, then what will happen when the recovery ends? Perhaps we should measure our economic health in a more meaningful way, since government deficit spending can paint the GDP chart, and create the illusion that government action (spending) can stimulate the economy. Could government programs mask a chronic economic contraction? With over 46 million food stamp recipients, how long would the soup kitchen lines be if people still had to line up for food? One thing is clear, government dependency has increased over the course of this "recovery".
Sentier Research: US Incomes Fell More in Recovery Than During Crisis:: www.moneynews.com/StreetTalk/us-income-recovery-cr...49586
https://chumly.com/n/161734e

Stealth QE

If the Central Bank creates money, lends it to the banks, and they turn around and buy Treasuries, are we still monetizing the debt?
Banks Use $1.77 Trillion to Double Treasury Purchases - Bloomberg:: www.bloomberg.com/news/2012-08-20/banks-use-1-77-t....html
https://chumly.com/n/1606c39

Idaho's Strategic Asset

The Fed shutdown of Silver Valley's Lucky Friday Mine has impacted our silver output nationwide.
U.S. silver output plunges between January and May-U.S.G.S. - SILVER NEWS - Mineweb.com Mineweb:: www.mineweb.co.za/mineweb/view/mineweb/en/page32?o...02055
https://chumly.com/n/1606c54

Special Treatment and Ethanol

Our founding fathers argued for Unalienable, or God given, universal rights. These are thing that do not have to be taken from another human for you to posses. Life, liberty and property are still officially guaranteed to us in our Constitution, but we live in a day of special rights. Special rights are created by government in response to demand by constituency groups. Special rights create conflict since they involve things which must be taken from one group in order to be given to another. This article discusses the vying interests created by our government's gift to the ethanol producers, a gift that keeps on taking.
Edward Lotterman: Lessons from ethanol mandate debate | Edward Lotterman | Idaho Statesman:: www.idahostatesman.com/2012/08/17/2234611/lessons-...k=cpy
https://chumly.com/n/15fc9d7

History of the AMA Monopoly

This article gives us the history of the suppression of competition in medicine. Obamacare, while claiming to increase competition, will do just the opposite. It is good news only for the largest of corporate interests, while the solutions America desperately needs (which frequently don't come in a pill form) will be regulated into the black market. Homeopaths, Chiropractors, nutritionists, alternative treatments and more will be frozen out since what the wickedly profitable (those with government protected profit) really hate is competition.
Medical Control, Medical Corruption by Llewellyn H. Rockwell, Jr.:: www.lewrockwell.com/rockwell/medical.html
https://chumly.com/n/15fae7a

Trailcamms for Big Bro

Apparently Big Brother has video equipment in more and more places with face recognition software and data feeds to who knows where. Could put a real crimp on future Tea Parties.
The New Totalitarianism of Surveillance Technology by Naomi Wolf:: lewrockwell.com/orig11/wolf-n6.1.1.html
https://chumly.com/n/15f9676

Bravo to Rand

A little more on government surveillance.
Gazillions by Andrew P. Napolitano:: lewrockwell.com/napolitano/napolitano64.1.html
https://chumly.com/n/15f967b

Utopia?

While free market capitalism is still a memory, shouldn't we consider whether the welfare state can work here when it has never worked anywhere else? Consider this quote from the article: "Just yesterday, speaking of his government takeover of the auto industry, Obama uttered this: "Now I want to do the same thing . .. in every industry.""

While I'm certain that governments cannot make heaven on earth, history is repleat with evidence that they can make hell.

As Obamanomics Entrenches Itself, America Turns Into A European-Style Welfare State - Investors.com:: news.investors.com/article/621691/201208091843/ame...t.htm
https://chumly.com/n/15f0776

News on NDAA

I had missed this little bit of news related to NDAA and a lawsuit challenging it.
NDAA: The Most Important Lawsuit in American History that No One is Talking About | A Lightning War for Liberty:: libertyblitzkrieg.com/2012/08/10/ndaa-the-most-imp...about
https://chumly.com/n/15e5dfd

Food Freedom

It is not just DC that turns people into raw milk criminals. Our own state does as well. Now plenty of us in rural Idaho go about buying and selling raw milk, but we do so as criminals. What is criminal however, is how industries use regulations to protect themselves from competition from small, high quality producers of products like raw milk or value added farm products.
Moms risk arrest: Capitol Hill protest for raw milk and lemonade stands August 18th | Washington Times Communities:: communities.washingtontimes.com/neighborhood/omkar...-milk
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Charles Koch on Economic Freedom

Freedom and economic freedom are inseparable. In a system where government controls everything, political connections will determine much of success. In a free market system it is honest labor, sound decisions and good service to others that the customers reward. The power is distributed to the people. Not a perfect system, but not one where power is concentrated and can be as easily abused and used to enslave the masses.
Charles Koch: Why We Fight for Economic Freedom:: www.newsmax.com/Headline/charles-koch-economy-free...C43-1
https://chumly.com/n/15d9925

Military Considering a Tea Party Threat?

Did I wake up in the wrong country?
EDITORIAL: The Civil War of 2016 - Washington Times:: www.washingtontimes.com/news/2012/aug/7/the-civil-...-2016
https://chumly.com/n/15d184d

Should Politicians Control Innovation?

The real problem with politicizing innovation in energy is not just the tremendously large waste of taxpayer money, it is the fact that it diverts innovation and invention from where they truly belong. It directs the financial and intellectual resources to where the lobbyists want them instead.
CARPE DIEM: Why Taxpayer Subsidies of Solar Are Diabolical:: mjperry.blogspot.com/2012/08/why-taxpayer-subsidie....html
https://chumly.com/n/15b1828

Government Services!

And what services they are. We need more government agencies and more bureaucrats getting paid incredible salaries to spend exorbitant amounts of other peoples money, and I think we can get there through PPACA (Obamacare). Anyway, check out what the GSA has been up to, then ask yourself if you think that this is really an anomaly.
Mica: Embattled GSA Employees Got $44M in Undisclosed Bonuses:: www.newsmax.com/Newsfront/gsa-investigation-expand...A12-1
https://chumly.com/n/157fbf0