Tag Archives: Too Big To Succeed

Maybe This Is Why We Now Have a Serial-Bubble Economy

Posted on by

“If there is any one strikingly obvious feature of the U.S. economy in the past 15 years, it’s the serial asset bubbles, one after another. Take a look at this chart.  Why did our economy become dependent on asset bubbles for ‘growth’? One way to find an answer is to ask: cui bono, to whose benefit? Correspondent Jeff W. has the answer: the financial sector and the central government.”

http://charleshughsmith.blogspot.com/2013/09/maybe-this-is-why-we-now-have-serial.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Stolen Public School Textbooks Went Unnoticed for Five Years.

Posted on by

“A Long Beach book buyer has been accussed of stealing thousands of new and used textbooks from four school districts in a massive scheme that involved 12 other people, including two librarians, a campus supervisor and a former warehouse manager.  During a two-year period beginning in May 2008, Frederick allegedly paid more than $200,000 in bribes — from $600 to $47,000 per person — for school employees to steal textbooks in literature and language arts, economics, physics, anatomy and physiology.”

http://teapartyeconomist.com/2013/09/06/public-school-record-keeping-stolen-textbooks-went-unnoticed-for-five-years/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Entire School District Shuts Down — Out of Money

Posted on by

“Michigan’s Buena Vista — ‘Good View’ — school district in Michigan shut down this week. It is out of money. Some teachers say they will teach for free. But will all of them do this? In any case, it’s illegal.  Michigan doesn’t allow it. The state cut funding by $3 million, due to declining enrollment. The nearby Pontiac School District is close to bankrupt. It can’t meet payroll. Two districts in Arkansas are bust. The Philadelphia district in Pennsylvania is begging for money from the state. We are in an economic recovery. What happens in the next recession?”

http://teapartyeconomist.com/2013/05/16/entire-school-district-shuts-down-out-of-money/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

UBS’ Friedman: US Might Have to Bail Out Chinese Banks

Posted on by

“Over the past decade, huge quantities of short-term capital from China’s exploding exports have been injected into China’s banking system, enabling a shadow-banking system and resulting in a massive credit bubble and over-investment, by many accounts.
In the event of a crisis, China would most likely be forced to sell off its massive Treasury holdings, Friedman predicted, and the Federal Reserve should prepare itself for it. ‘After spending years attempting to insulate the U.S. economy from the upshot of its own banking crisis, the Fed may ultimately be forced to bail out China’s banks, too. This would fundamentally redefine — and, one hopes, rebalance — U.S.-China relations.'”

http://www.moneynews.com/Economy/Friedman-China-US-banks/2013/08/27/id/522382

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Present Shock and the Fantasy of Change

Posted on by

CHS9a1

“Millennials (born 1982-2004) are pursuing high-cost university educations in the belief that multiple degrees are now essential to being offered a job. Even as evidence piles up that the economy has changed in fundamental ways such that even advanced degrees no longer inoculate the owner against financial insecurity, millions of young people feel they have no choice but to indebt themselves and spend scarce family resources on a questionable-value education.  The underlying assumption here is the present will endure, and change will be marginal. The idea that the narrative of history suggests major disruptions of the status quo are cyclical and thus inevitable doesn’t register.”

http://charleshughsmith.blogspot.com/2013/08/present-shock-and-fantasy-of-change.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Why Conservatives Accept High Taxes, the Federal Reserve System, and Fiat Money

Posted on by

portallogo3

“The alliance between the modern welfare state and the modern warfare state is based on the legitimacy of an ever-growing federal government:  an ever-growing federal deficit, ever-increasing tax rates, and the permanence of the Federal Reserve. The liberals do not want to change the prevailing political system, and neither do the conservatives. The liberals want their welfare checks to go out, and so to the conservatives. The liberals want to push foreign nations around, and so to the conservatives. This is why taxes will not go down, the Federal Reserve will not be abolished, and the gold coin standard will not be re-established until such time as the Great Default bankrupts the federal government.”

http://www.garynorth.com/public/10910.cfm

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

U.S. and China announce cybersecurity collaboration amid hacking dispute

Posted on by

“China and the US, which are embroiled in a bitter dispute over hacking, have agreed to set up a cybersecurity working group, US Secretary of State John Kerry said on Saturday. ‘All of us, every nation, has an interest in protecting its people, protecting its rights, protecting its infrastructure,’ he told reporters on a visit to Beijing. ‘Cybersecurity affects everybody,’ he said. ‘It affects airplanes in the sky, trains on their tracks, it affects the flow of water through dams, it affects transportation networks, power plants, it affects the financial sector, banks, financial transactions. So we are going to work immediately on an accelerated basis on cyber.'”

http://www.rawstory.com/rs/2013/04/13/u-s-and-china-announce-cybersecurity-collaboration-amid-hacking-dispute/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Amphibious landing craft docks at crowded beach in Russia

Posted on by

“A shocked crowd of holiday-makers at a beach near Russia’s western city of Kaliningrad had to make way for a landing craft carrier which unexpectedly slid onto the shore on its air cushion. The video features the amphibious landing craft ‘Zubr’ (‘Bison’), sailing on its air cushion, raising huge waves and a making loud noise as it approached a crowded beach in Mechnikovo, Kaliningrad region and eventually slid onto the shore packed with people. No one was hurt in the incident, following which marines descended from the vessel and cordoned it off. Russia’s Ministry of Defense explained the ship was out for a regular drill and said the beach actually belonged to the military.”

http://rt.com/in-motion/militar-ship-docks-beach-851/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Obama in crossfire as battle for control of the Fed heats up

Posted on by

“At stake is the chairmanship of an organization whose global influence has grown ever larger in recent years. The impact of the Fed’s policies can be seen everywhere. On top of its global role, the Fed has beefed up its activities as regulator in the US. Whoever gets the job will be taking over a position more powerful than the one Bernanke inherited when he was appointed in 2006.  Obama said recently that the appointment ‘is definitely one of the most important economic decisions I will make in the remainder of my presidency. The Federal Reserve chairman is not just one of the most important economic policymakers in America. He or she is one of the most important policymakers in the world.'”

http://www.rawstory.com/rs/2013/08/25/obama-in-crossfire-as-battle-for-control-of-the-fed-heats-up/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Mark Thornton on Skyscrapers in ‘Le Monde’

Posted on by

“In a feature from the business section entitled ‘Les villes chinoises veulent toutes leurs gratte-ciel géants,’ Le Monde takes note of the phenomenon that is the skyscraper-dense Chinese city, and specifically, the completion of Shanghai Tower, now one of the tallest buildings in Asia. Mark Thornton, economist at the Mises Institute in Auburn (United States), and author of research on the correlation between the race skyward and the advent of large crises, warns: ‘The construction of skyscrapers is a precursor to economic disorders’…’The skyscrapers are just one symptom of the government’s extravagant economic policies.'”

http://bastiat.mises.org/2013/08/mark-thornton-on-skyscrapers-in-le-monde/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet