One who intends to leave others better off for his having existed.

8/6/14

The Bottom 90%; Something bad happened in America.

http://www.zerohedge.com/news/2014-08-06/next-time-obama-boasts-about-recovery-show-him-chart

Has the information industry been compromised?  Yes.

Is the political system broken?  Yes.

Will financial and societal dis-harmonies increase?  Most Likely.

Will geopolitical conflicts militarize?  Already have.

Have financial markets undergone a transformation into something kind of fake?  Yes.

Why is this thus?

What is the reason for this thusness? 

Artemus Ward 

Ponzi finance units must increase outstanding debt
in order to meet financial obligations

A transition occurs over the course of an expansion
as increasingly risky positions are validated by the booming economy
that renders the built in margins of error superfluous
encouraging adoption of riskier positions

Eventually, either financing costs rise
or income comes in below expectations
leading to defaults on payment commitments

Hyman Minsky

Is there a correlation between consumer behavior
and information consumption?  Yes.

As real estate prices fall
could relatively high cost durable goods purchases diminish
causing production to fall and unemployment to rise
creating more homeowners in financial distress
more wide spread debt defaults, tightening lending terms

and further housing and banking sector distress?

Why would a few want many to believe the causes of high gas prices
are other than the actual reasons gas prices are high?

Petroleum is more expensive because the most of the world, led by the United States, 
debased multiples of different currencies by creating electronic money
that makes other monies in existence, worth less.

We, most of the world, has borrowed more than can be repaid.

Most of the benefits from trying to fix it in 2008/9/10/11/12/13 and 14 went to the top 10%.

Our dominant media
 are ultimately accountable only to corporate boards
 whose mission is not life, liberty and the pursuit of happiness 
 for the whole body of our republic
 but the aggrandizement of corporate executives and shareholders


National Media Reform Conference

Can most people be fooled most of the time?  Yes.

Have some been conditioned to think
what they otherwise wouldn't?  More than some I would say.

It is impossible to introduce into society a greater change 
and a greater evil than this

The conversion of the law into an instrument of plunder

Frederic Bastiat

The art of government
consists of taking as much money as possible from one party of citizens
to give to the other

Voltaire

The first panacea for a mismanaged nation is inflation of the currency
the second is war

 Ernest Hemingway

When you appeal to force
there’s one thing you must never do
lose


Dwight D  Eisenhower

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