Welfare-Warfare State

Lew Rockwell: The US Corporate State

"It didn’t take long for opponents of the market to pounce after the events of 2008. The crash was said to prove how destructive 'unregulated capitalism' could be and how dangerous its supporters were – after all, free-marketeers opposed the bailouts, which had allegedly saved Americans from another Great Depression. In The Great Deformation, David Stockman – former US congressman and budget director under Ronald Reagan – tells the story of the recent crisis, and takes direct aim at the conventional wisdom that credits government policy and Ben Bernanke with rescuing Americans from another Great Depression." Continue reading →

Continue ReadingLew Rockwell: The US Corporate State

The Early Stages of ObamaCare

"Here is a great talk given at The 21 Convention in 2012, by Doug McGuff, MD, a prominent member of the ancestral health (paleo-primal) community: 'Fitness, Health, and Liberty.' This is an important presentation because Doug presents the historical picture on how the physician-patient relationship went from a fiduciary relationship between provider and consumer to a 3rd party morass of collectivized medicine that sacrificed individual services to the needs of the masses in general in order to conform to the rules outlined by the medical establishment-insurance industry alliance." Continue reading →

Continue ReadingThe Early Stages of ObamaCare

Sequester solved: Sell national parks, stop foreign aid, leave Germany

"Before you head for the bunker or put a down payment on a famous bridge, I’d like to offer some sensible alternatives to sequestration calamity. Here are three that would solve the sequestration problem with billions to spare. These are just a few alternatives to the disaster that will supposedly accompany giving the federal government a smaller raise this year. Tragically, most people would view these proposals as crazy but view borrowing money to give away to others as perfectly sane. That’s when you know the end is nigh." Continue reading →

Continue ReadingSequester solved: Sell national parks, stop foreign aid, leave Germany

Let’s Shed a Tear for those Under-Appreciated Bureaucrats Who Get Lavish Pensions and Live in $700K Homes

"When I first read this story in the Washington Post about supposedly under-appreciated federal bureaucrats, I was tempted to focus on the sentence referring to 'the sledgehammer of budget cuts scheduled to hit today.' Instead I want to focus on the part of the story featuring self-pitying remarks of federal bureaucrats. Excuse me while I wipe away the tears and compose myself. There are so many stories of unbearable hardship. Perhaps we can create a civilian version of the Medal of Honor, given to the bureaucrat who suffers the most because of the 'sledgehammer' cuts and those mean people on 'web sites.'" Continue reading →

Continue ReadingLet’s Shed a Tear for those Under-Appreciated Bureaucrats Who Get Lavish Pensions and Live in $700K Homes

Maxine Waters: EVERYONE in America Will Lose Their Job Because of Sequestration

"If Congress allows sequestration cuts to take effect, more than 170 million Americans could lose their jobs, according to Rep. Maxine Waters (D-Calif.) 'If sequestration takes place, that’s going to be a great setback. We don’t need to be having something like sequestration that’s going to cause these job losses — over 170 million jobs that could be lost,' Waters said." Continue reading →

Continue ReadingMaxine Waters: EVERYONE in America Will Lose Their Job Because of Sequestration

The Bond Bubble Is About to Burst

"The United States is shown in the following chart. Central banks have aided the government in managing to keep rates low despite big deficits, by buying the debt. Balance sheets of the world's central banks are growing rapidly to support government deficits while forcing rates to low levels. It is a bubble. When you buy Treasury bonds, you are putting your fate in the hands of the government, expecting it to give back your purchasing power and a reasonable amount of interest to you, in return for the use of your money. I believe we are headed for a serious loss of confidence in the value of the dollar, which will be accompanied by a burst of the Bond Bubble." Continue reading →

Continue ReadingThe Bond Bubble Is About to Burst

ECB Should Join ‘Currency War’ to Weaken Euro, France’s Montebourg Says

"The European Central Bank should weaken the euro, confronting the new 'currency war' head on to help address economic stagnation in the region, French Industry Minister Arnaud Montebourg said today. Calling for a more activist and 'political' management of the currency shared by 17 European nations, Montebourg said at a press conference in Paris that he wants 'the European Central Bank to do its job.' 'The euro is too strong and doesn’t correspond to economic fundamentals,' he said. The ECB 'should prepare to confront a new currency war in which the weakening of currencies becomes a political tool.'" Continue reading →

Continue ReadingECB Should Join ‘Currency War’ to Weaken Euro, France’s Montebourg Says