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