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Posted
1 year, 6 months ago (Saturday, January 17th, 2009 at 12:00 pm)
by jwsmith
By J.W. Smith With the world economy still imploding the U.S. Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke pulled out all stops. The Federal Funds rate was dropped essentially to zero and they declared their intention to recapitalize financial institutions through buying up their worthless debt, taking an ownership position through buying [...]
Read the full post titled, “An Open Letter to President Barack Obama’s Economic Recovery Team: Full and Equal Rights and a Quality life for All”
Posted in Bail Out, Banking, Economic Democracy: A Grand ..., Economic Efficiency, Finance, Fundamental Economics, General, Government Watch, World | 1 Comment »
Posted
1 year, 9 months ago (Monday, October 13th, 2008 at 11:09 pm)
by nick
Macro-economics can be compared to using a Rube Goldberg machine to scramble and fry an egg, and the end result is significantly delayed, plus the egg will be full of egg shells.
Read the full post titled, “Bailout-Rescue Main Street, Alternative Solutions”
Posted in Bail Out, Economic Democracy: A Grand ..., Fundamental Economics | 2 Comments »
Posted
1 year, 9 months 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 [...]
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 | 1 Comment »
Posted
1 year, 9 months 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 year, 9 months 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 | Be the first to comment »
Posted
1 year, 9 months 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”
Posted in Bail Out, Fundamental Economics, General | Be the first to comment »
Posted
1 year, 10 months 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 [...]
Read the full post titled, “A New New Deal: Bailing Out the Real Economy Instead of Wall Street”
Posted in General | Be the first to comment »
Posted
1 year, 11 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 | 1 Comment »
Posted
1 year, 11 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 [...]
Read the full post titled, “Corporate Control of Food, Facing Famine & Starvation, Solving the Current Food Crisis”
Posted in Economic Democracy: A Grand ..., Economic Efficiency, Finance, Fundamental Economics, General, Government Watch, World | 1 Comment »
