American Ruling Class

Read This Blog or the Puppy and Kitten Get It

"If your city faces a shortfall of tax revenues, the first response of overpaid bureaucrats in City Hall frantic to keep their jobs, pensions and perks will be to slash the hours the library is open. A 2% reduction in the Federal budget, we're told, will push orphans onto the frigid streets, send our troops into battle without ammo, and generally shut down every service the public cares about. The alternative you will never hear about is a reduction in the multiple layers of overpaid bureaucrats in City Hall, the White House staff, the Pentagon, the local school district, etc., or any reduction in funding the parasitic cartels that have captured the machinery of governance." Continue reading →

Continue ReadingRead This Blog or the Puppy and Kitten Get It

Will Grigg: Prison Profiteers

"One aspect of drug prohibition that gets far too little attention is the fact that the drug war is immensely profitable for prohibitionists. No decent person has anything but contempt for Drug Kingpins – but it’s difficult to see how Prohibition Profiteers are any less contemptible. And they’re hardly the only people who have become wealthy by monetizing the misery generated in the prison-industrial complex. Public incarceration is the only consistently growing sector of our increasingly socialized economy." Continue reading →

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JPMorgan Chase CEO Jamie Dimon is accused of hiding information about big losses

"Washington dealt a double blow Thursday to JPMorgan Chase as a Senate report accused its iconic chief executive of hiding information about a massive loss from regulators while the Federal Reserve unexpectedly said it had found a 'weakness' in the bank’s capital plans. The report takes the bank to task for hiding losses for three months last year, overstating the value of its trading positions and ignoring red flags. When regulators grew concerned, JPMorgan withheld information about the nature of the portfolio, Senate investigators say." Continue reading →

Continue ReadingJPMorgan Chase CEO Jamie Dimon is accused of hiding information about big losses

Conspiracy Theories vs. the Religion of Democracy

"The proponents of any conspiracy view of historical events are pariahs in academia. That is because these theories get close to the truth, namely, that mass democracy has not prevented special-interest messianic groups from seeking political power and wealth as ways to re-shape mankind. These groups exercise power behind many thrones. They are not pro-democracy. They are not pro-free market. They are men in search of ways to achieve what they want: a new humanity. They will use money and politics to attain this goal. The best way to overcome a conspiracy is to take away its leverage: political power in defense of the existing distribution of wealth." Continue reading →

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Totally Disinterested Drug Warriors Demand That Holder Stop Marijuana Legalization Before It’s Too Late

"In an open letter released today, eight former heads of the Drug Enforcement Administration (DEA), four former drug czars, and assorted anti-drug groups urge the Senate Judiciary Committee, which is scheduled to hear testimony from Attorney General Eric Holder tomorrow, to grill him about why he is not stopping Colorado and Washington from legalizing marijuana." Continue reading →

Continue ReadingTotally Disinterested Drug Warriors Demand That Holder Stop Marijuana Legalization Before It’s Too Late

Marijuana Legalization’s Biggest Enemies

"Before marijuana legalization spreads from Washington and Colorado to other states, it will have to get past a group of hardened drug warriors, many of whom have developed a personal interest in maintaining prohibition. While most of these ideologues lack the authority to actually change laws, their larger purpose is to maintain the marijuana propaganda machine and push back against pro-legalization rhetoric. Here are the top five people threatening to halt the state-by-state legalization domino effect that many pot activists hope is coming soon." Continue reading →

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President Obama and his secret executive friends

"'Secret friends' is essentially the arrangement that the president has kept with several corporate executives. Clearly, the president likes them: they include American Express CEO Kenneth Chenault and Xerox CEO Ursula Burns, as well as, on a more fitful basis, JP Morgan CEO Jamie Dimon and General Electric CEO Jeff Immelt. But before the executives even have time to source Washington DC real estate, their names are taken out of the running. The administration rejects being associated with them, in favor of long-serving veterans who are already in the White House cool kids' club." Continue reading →

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“We have so many more questions for Mr. Lew.”

"When you are a technocrat for the crony elite, you don't have to be bothered with questions posed by Senators when you are up for confirmation as Treasury Secretary. You especially don't have to answer questions about unusual bonuses you have received and accounts you have overseas at notorious tax havens. Why the gall of these Senators." Continue reading →

Continue Reading“We have so many more questions for Mr. Lew.”

Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them

"While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them, since, 'it will have a negative impact on the national economy, perhaps even the world economy,' one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail." Continue reading →

Continue ReadingEric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them