Confessions of an Economic Hitman by John Perkins is an inside look at the collusion between corporate interests, governments, and banks. Perkins was an analyst working for electric power companies who won contracts for developing power supply and national infrastructure projects for less developed countries (LDCs). He was not in the top of his class in statistics or engineering, expertise that would have made him more qualified to produce his economic projections, but he was willing to produce the reports and studies necessary to get the World Bank, the IMF, and other banks to lend huge amounts of money to other countries if they would award contracts to his company (MAIN) in which he quickly rose to Chief Economist. Continue reading →
Rep. Ron Paul’s End the Fed is a bestseller for good reason. It exposes one of the core instruments of corruption, illegitimacy, and theft employed by special interests and the members of Congress, and the Federal Reserve System. One of the main reasons for the current economic depression in the United States is that the U.S Federal government, in open conspiracy with the Federal Reserve, creates debt and prints money to cover that debt. This is a ponzi scheme as corrupt as Bernard Madoff’s investment scheme that bankrupted many well-meaning investors, but in this case the money scheme is a little understood method of redistributing wealth and savings from the middle class to those who print the money and create the debt to cover special interest legislation. This system is a form of outright theft and is immoral, it is unconstitutional, and yet it is legal because immoral laws make it so. Continue reading →
French Media giant Vivendi, owner of Comcast Cable, and General Electric, owner of NBC, are proposing a merger in which Comcast would take a controlling interest of NBC Universal. This would be further consolidation of the media industry that has already lost the ability objectively report news, becoming an entertainment industry driven by corporate financial goals and consumer advertising. Continue reading →
There is a growing belief that the Federal Reserve Board is one of the larger scams perpetrated on the American people, propping up government schemes both right and left with tax dollars and debt. Below are excerpts of a recent exchange I had on the topic. Read through it and let me know in a comment if you think a gold standard or market standard would be a superior replacement for the Federal Reserve system. Continue reading →
The cap and trade in carbon emissions, the creation of homeland security, the TARP bailout, and the federal health care proposal are all examples of major political viruses. This does not mean it is wrong to be concerned about the environment, our physical security, a sound economy, or affordable health care. All of these things are socially desirable. The problem is that these social goods are used as a cover for political viruses. Continue reading →
Lord Monckton describes how global warming ideologues have rewritten data masqueraded as science and provided misinformation to scare people into giving them money for bureaucracies and programs to the detriment of the world’s working people and poor. It shows how easy it is to deceive large bureaucracies like the United Nations and how unreliable statements by such bodies are. Thanks to the Minnesota Free Market Institute for this presentation. This is the full hour and a half presentation with slides.
KTLK radio in Minnesota discovered an anomaly on the Recovery.gov website that further reveals the ineptness and fraud plaguing our federal government. Minnesota has 8 congressional districts, but here we are shown that millions of dollars of stimulus money also went to 10 other non-existent congressional districts, e.g., over $3,000,000 to the 27th district. And you want this bureaucracy to manage your health care? It is pretty hard for an individual to misplace $3,000,000, but not a bureaucracy.
Even with the best of intentions large bureaucracies cannot personally care for people’s welfare. And, we know the best of intentions are not always there. Let’s bring back subsidiarity, all social welfare and taxes to counties and states. Alexis de Tocqueville and the Founders were right. Personal responsibility and face-to-face community are required for democracy to work.
Many people don’t know that the true unemployment rate is over 20%, double the official 10.2% government unemployment rate. This is because over 10% of potential workers are not reporting an effort to seek a job, and part of the reason is a growing informal economy.
John Williams’ Shadow Government Statistics goes beyond the official government reports to include the informal economy. A growing informal economy or black market is a sign that people are unable to find a legal way to provide for themselves. As a result they resort to off-the-books cash transactions, bartering, selling banned substances, and other activities that, even if not legal, will allow them to find a way to live. Continue reading →
Americans want change. It is not the change towards socialism that Pres. Obama delivered, and it is not change back to the Republicans of Bush and Gingrich, which by the way, is not 180 degrees away from Obama. 180 degrees from Obama is eliminating 90 percent of federal programs and returning government to citizens and states. 180 degrees would be a repeal of the 16th and 17 amendments. 180 degrees would mean income tax collection at the state level and apportioned payments by the states to the federal government for protection of our borders. There is nothing wrong with a social safety net for those who have disabilities or need help getting on their feet. It is just that this is not the Federal government’s responsibility.
Democracies and Republics are built from the bottom up, not the top down. Top-down governments never led to happiness or general prosperity.