The USA handed Iraq to Iran the instant American girls and boys invaded Iraq. It's taken Washington this long to bark its shins against the reality that the war has been a goldmine for the mercenaries Washington hires in order to carry on without bringing back the draft. Meanwhile, though, American taxpayers don't grasp how GDP figures misrepresent productivity by failing to subtract the wastage of American-produced goods that war entails. The GDP calculation has lasted for nearly 80 years because it allows politicians to mislead the public, just as fiat money does. Fortunately for Washington, the Fed controls graduate education in economics, so the economists that appear on tv are unlikely to shed much light on the truth. But all scams come to an end, and this one is headed over the cliff, as anybody can see from Washington's laughable criticism of currency manipulation, as if Washington itself hadn't forever been abusing the dollar's role as reserve currency.
These extremists want to destroy our nation. They've already locked up the Supreme Court, which has played a role in allowing foreign money to control politics and the banking system. For anybody who thinks such areas are still under American control, there's a bridge that's for sale cheap.
Petraeus cleansed Baghdad of Sunnis -- that's called cleansing based on religiosity. What's more, Washington has since been trumpeting that action as an exemplary success. Israel, backed by the USA, has long been engaged in the creeping cleansing of Palestinians, punctuated by episodes of all-out-warfare. American hypocrisy is unbounded.
Broder's wrong about war helping the economy but nearly all American economists think WWII ended the depression. Being Keynesians, they ignore how war destroys produced goods and how war allocates production to warfare, thus shrinking the production of goods that consumers want. During the depression, Americans lived better than they would live during WWII. What ended the depression was the breaking out of peace. The Keynesian pump-priming of the 1930s prolonged the depression by crowding out private savings. Had there been no pump-priming, the depression would have ended much sooner, but the necessity of going through temporary pain is something politicians fight against: they don't care that postponing the pain only makes the outcome worse. They get away with it because voters believe in a free lunch and because American economists fail to see the lag between pump-priming and the ensuing increased prices of goods, as is happening now with agricultural products. To this day American economists think more pump-priming, more quantitative easing, will do good. They refuse to admit that quantitative easing has the same economic effects as the counterfeiting of dollars: namely, it distorts economic signals, leading businesses to invest in less-productive activities such as the recent housing boom. Ever since Nixon cut the dollar loose in 1971 by making it entirely fiat, Keynesianism in practice has meant more frequent economic crises with increasingly worse consequences: for instance, the dotcom bubble led the way for the housing bubble. Next, the bond bubble will burst, wiping out the savings of hundreds of millions. But by misinforming the public, American economists act as the enablers of the politicians, all of whom like deficit spending. The Tea Party is dedicated to increased spending on defense, which is just another form of deficit spending or quantitative easing. Moreover, throwing quantitative easing away on warfare is worse than throwing it away on dotcom stocks or houses or bonds. Some economists have been warning the public that all this was going to happen, but Washington and Wall Street have muffled their voices because politicians and big bankers like feeding at the public trough.
What's astounding about Obama and other progressives is how they show loyalty to the monetary system coupled with the Federal Reserve system that's destroying the economy. Most Americans know that the Wall Street crisis was a fraud, although the mainstream media have succeeeded in keeping them in the dark about why it was a fraud. Although Obama and Geithner say the TARP funds have been paid back, that's less than half the story. Still hidden to mainstream news is the effect the Fed has had in feeding funds to big banks through quantitative easing and through buying their impaired mortgages. Such activities are the Fed's way of protecting big banks' bondholders: instead of helping the economy the Fed crowds out the private savings that provide capital to job-creating entrepreneurs. But Obama, Geithner and Bernanke, following the line of Bush and Paulson, say it's all being done in order to help the economy. It's clear that Geithner's loyalty lies with big banks' bondholders, but whether Obama grasps what's going on is unknown.
The USA handed Iraq to Iran the instant American girls and boys invaded Iraq. It's taken Washington this long to bark its shins against the reality that the war has been a goldmine for the mercenaries Washington hires in order to carry on without bringing back the draft. Meanwhile, though, American taxpayers don't grasp how GDP figures misrepresent productivity by failing to subtract the wastage of American-produced goods that war entails. The GDP calculation has lasted for nearly 80 years because it allows politicians to mislead the public, just as fiat money does. Fortunately for Washington, the Fed controls graduate education in economics, so the economists that appear on tv are unlikely to shed much light on the truth. But all scams come to an end, and this one is headed over the cliff, as anybody can see from Washington's laughable criticism of currency manipulation, as if Washington itself hadn't forever been abusing the dollar's role as reserve currency.
'...to prove his manhood' -- hilarious
the irony about sanctions is how well they're working -- against both Iran & the USA
were the USA to attack Iran, or back the Apartheidists if they attack, it would drive the last nail into the coffin known as the American economy
Dispiriting
These extremists want to destroy our nation. They've already locked up the Supreme Court, which has played a role in allowing foreign money to control politics and the banking system. For anybody who thinks such areas are still under American control, there's a bridge that's for sale cheap.
Petraeus cleansed Baghdad of Sunnis -- that's called cleansing based on religiosity. What's more, Washington has since been trumpeting that action as an exemplary success. Israel, backed by the USA, has long been engaged in the creeping cleansing of Palestinians, punctuated by episodes of all-out-warfare. American hypocrisy is unbounded.
Broder's wrong about war helping the economy but nearly all American economists think WWII ended the depression. Being Keynesians, they ignore how war destroys produced goods and how war allocates production to warfare, thus shrinking the production of goods that consumers want. During the depression, Americans lived better than they would live during WWII. What ended the depression was the breaking out of peace. The Keynesian pump-priming of the 1930s prolonged the depression by crowding out private savings. Had there been no pump-priming, the depression would have ended much sooner, but the necessity of going through temporary pain is something politicians fight against: they don't care that postponing the pain only makes the outcome worse. They get away with it because voters believe in a free lunch and because American economists fail to see the lag between pump-priming and the ensuing increased prices of goods, as is happening now with agricultural products. To this day American economists think more pump-priming, more quantitative easing, will do good. They refuse to admit that quantitative easing has the same economic effects as the counterfeiting of dollars: namely, it distorts economic signals, leading businesses to invest in less-productive activities such as the recent housing boom. Ever since Nixon cut the dollar loose in 1971 by making it entirely fiat, Keynesianism in practice has meant more frequent economic crises with increasingly worse consequences: for instance, the dotcom bubble led the way for the housing bubble. Next, the bond bubble will burst, wiping out the savings of hundreds of millions. But by misinforming the public, American economists act as the enablers of the politicians, all of whom like deficit spending. The Tea Party is dedicated to increased spending on defense, which is just another form of deficit spending or quantitative easing. Moreover, throwing quantitative easing away on warfare is worse than throwing it away on dotcom stocks or houses or bonds. Some economists have been warning the public that all this was going to happen, but Washington and Wall Street have muffled their voices because politicians and big bankers like feeding at the public trough.
What's astounding about Obama and other progressives is how they show loyalty to the monetary system coupled with the Federal Reserve system that's destroying the economy. Most Americans know that the Wall Street crisis was a fraud, although the mainstream media have succeeeded in keeping them in the dark about why it was a fraud. Although Obama and Geithner say the TARP funds have been paid back, that's less than half the story. Still hidden to mainstream news is the effect the Fed has had in feeding funds to big banks through quantitative easing and through buying their impaired mortgages. Such activities are the Fed's way of protecting big banks' bondholders: instead of helping the economy the Fed crowds out the private savings that provide capital to job-creating entrepreneurs. But Obama, Geithner and Bernanke, following the line of Bush and Paulson, say it's all being done in order to help the economy. It's clear that Geithner's loyalty lies with big banks' bondholders, but whether Obama grasps what's going on is unknown.