Posted 6 hours, 6 minutes ago (Sunday, October 12th, 2008 at 11:59 am) by jwsmith

By J.W. Smith
Steve Kroft in Sixty Minutes did a great job describing what credit default swaps were and how they were bringing down the biggest banking houses in the nation.
As explained in the above video, credit default swaps are nothing but insurance policies given a different name so as to avoid retaining the reserves required [...]

Read the full post titled, “Credit Default Swaps, Derivatives, The Federal Reserve, Henry Paulson, Ben Bernanke, and How the Financial Crash Could Have Been Avoided”

Posted in Bail Out, Economic Democracy: A Grand ..., Economic Efficiency, Finance, Fundamental Economics, General, Government Watch, World | Be the first to comment »

Posted 2 days, 12 hours ago (Friday, October 10th, 2008 at 5:13 am) by nick

Nothing will stabilize the financial markets faster than a stable real economy where there’s nearly full employment and people are engaged in productive activity regardless of the fiasco in the financial communities. Sure, Wall Street will continue to suffer but ONLY until the prices traded are closer to the real economy underlying values, at which point, confidence will begin to return to Wall Street and the financial community.

Read the full post titled, “A Lesson from Meyer Mishkin, the End of Trust”

Posted in Bail Out, Fundamental Economics, General | Be the first to comment »

Posted 1 week ago (Sunday, October 5th, 2008 at 4:26 am) by nick

Of course, this is sacrilege by traditional economic theory, and these schools, and their wealthy sponsors will publish hundreds of thousands of pages calling it fiscal irresponsibility, and voodoo accounting, and decree money, and they will produce historical precedents to show this is the beginning of mad hyperinflation.

Read the full post titled, “Reviving Main Street-A Bailout we can use”

Posted in Bail Out, Finance, Fundamental Economics, General | 1 Comment »

Posted 1 week ago (Sunday, October 5th, 2008 at 4:12 am) by nick

It is absurd that that the only way to add liquidity to the economic system can only be done through borrowing from the financial community, and when all the existing assets are already monetized, and “there is no more new money,” further monetization (additional liquidity) can only be done through government borrowing.

Read the full post titled, “A Bailout we Don’t Need-New Paradigms”

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Posted 2 weeks, 6 days ago (Monday, September 22nd, 2008 at 4:19 am) by jwsmith

Professor Michael Rivage-Seul
Funny how gambling terms routinely pop us in discussions of globalized economics. Here I’m not just talking about desperate absurdities like state-sponsored lotteries to finance public education of all things.
It’s about the “casino economy” itself, where international “players,” “stakeholders,” and “high rollers” “win” and “lose” fortunes by betting on the market’s ups and [...]

Read the full post titled, “A New New Deal: Bailing Out the Real Economy Instead of Wall Street”

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Posted 2 months ago (Tuesday, August 12th, 2008 at 2:58 pm) by jwsmith

Russia’s defense of Slavic people of South Ossetia when Georgia, under America’s tutelage, attacked that break-a-way province is being portrayed by many as Russian aggression.

Read the full post titled, “Georgia’s South Ossetia war Has a Connection to American Airmen Finishing Out Their Lives in Soviet Prisons”

Posted in Economic Democracy: A Grand ..., General, Government Watch, World | Be the first to comment »

Posted 2 months ago (Sunday, August 10th, 2008 at 12:59 pm) by jwsmith

by J.W. Smith
We would like to hear from those who can expand upon these perceptions.
Early corporations burned all the spice trees they could not control so as to maintain the high price of spices.
Modern corporations controlled America’s foreign policy, Destroying the farming industry of poor countries through selling highly-subsidized, thus low-priced, grains to both developed [...]

Read the full post titled, “Corporate Control of Food, Facing Famine & Starvation, Solving the Current Food Crisis”

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Posted 2 months, 1 week ago (Wednesday, August 6th, 2008 at 9:25 am) by Wm. H. Kotke

COMMON SENSE AND SURVIVAL
The graph line of the global population explosion now goes upward almost vertically. The graph line of reserves of resources that fund that explosion falls precipitously. The point at which population crosses the food production line is the point of the beginning of the coming mass die-off of human population.
Since Babylon, the [...]

Read the full post titled, “Common Sense and Survival”

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Posted 2 months, 1 week ago (Wednesday, August 6th, 2008 at 7:56 am) by nick

Books News, Inc. has posted several reviews for this book in their web site. Here is a copy of the reviews:
Economic democracy; a grand strategy for world peace and prosperity; green economics for sustainable development, 2d ed.
Smith, J. W.
Institute for Economic Democracy, ©2008 476 p. $35.00 [...]

Read the full post titled, “Economic Democracy: A Grand Plan…”

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Posted 2 months, 1 week ago (Sunday, August 3rd, 2008 at 4:32 pm) by jwsmith

By J.W. Smith
When established in the 1930s, Fannie Mae was a government sponsored, non-profit financial institution, designed to provide low-cost home loans to a nation traumatized by the Great Depression.
In 1970, FMae was privatized so as to remove it from the federal budget and Freddie Mac was established the same year. As government sponsored organizations [...]

Read the full post titled, “Fannie Mae and Freddie Mac, a $5.2 Trillion Bankruptcy”

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