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Showing posts from November, 2013

A Post Keynesian Perspective: The US Recession of 1920–1921: Some Austrian Myths

Social Democracy for the 21st Century: A Post Keynesian Perspective: The US Recession of 1920–1921: Some Austrian Myths

The biggest Austrian Economics myth was that the 1920-21 Depression was a credit crisis. It was not. Therefore, credit was available once companies retooled from war time to peace time production.

It is very important to realize that our 2008 meltdown was a credit event, which takes much longer to rectify.

How Wall Street Has Turned Housing Into a Dangerous Get-Rich-Quick Scheme -- Again

The Empire Strikes Back: How Wall Street Has Turned Housing Into a Dangerous Get-Rich-Quick Scheme -- Again | Common Dreams 

The article says it is almost like they planned this new housing bubble. Well, don't be fooled, of course they planned it just like they planned the last one. If anyone thinks that the housing bubble of the first decade in this millenium wasn't planned, they are being very naive.

Shiller: No homebuyer excitement

Shiller: No homebuyer excitement

Shiller says that we cannot trust momentum in the housing market anymore and this is because of volatility and lack of participation of first time buyers. Cramer says sales stopped in October.

Unusual demand from investors is the market and that is unsustainable. The market has been driven by psychology. But there is no excitement like in the early 2000's regarding the housing bubble.

Shiller says that the big guys like Blackstone will exit if momentum slows in the housing market. The rental market is coming back, but these investors may not say they are going to dump houses but he believes they will dump the houses. We will see.

I have said that cash buyers make volatility much more likely. Shiller is basically saying the same thing. But will the private equity guys exit the housing market. Will easy money have to come back into the system for the middle class or marginal buyers so there will be a place they can unload the houses onto? That is the…

Durable-goods orders drop 2% in October - Economic Report - MarketWatch

Durable-goods orders drop 2% in October - Economic Report - MarketWatch

This is bad if Christmas season for retail is also slow. Something to watch out for in the casino that is the stock market.

The Texas Oil Mafia Killed JFK and That Same Mafia Was Involved in the 9/11 Conspiracy.

The Texas Oil Mafia Killed JFK and That Same Mafia Was Involved in the 9/11 Conspiracy. - News - Bubblews

The links here are valuable as I put this article together. There is an avalanche of evidence that the Texas Oil Mafia was involved in the killing of JFK and the 9/11 Conspiracy.

Wage Distribution in Pictures and It Will Disgust You

Everyone should see this chart, because wages distribution is easily understood by the pictures:


JVP Commends U.S. Talks with Iran; Condemns Continuing Israeli Obstruction | Jewish Voice for Peace

JVP Commends U.S. Talks with Iran; Condemns Continuing Israeli Obstruction | Jewish Voice for Peace

The talks for peace may be a positive development, as JVP agrees.

Jewish Voice for Peace

Jewish Voice for Peace

Everyone should join and support this movement if they care about the sovereignty and independence of the United States of America.

Beware of Larry Summers, Criminal Real Estate Bubbles,and a Totalitarian Digital Currency

It has come to this according to Larry Summers, the US government must act in a criminal manner for the US economy to grow. The only alternative, he says, is to move to a cashless society and hold all Americans prisoners to the banks.

Either way is criminal, because if you blow a housing bubble you are lending to marginal borrowers. Lending to marginal borrowers is criminal according to new Dodd-Frank regulations, at least for the banks the Fed has control over, and the FIRREA Act back in the 1980's was passed to allow for civil penalties against those who loaned money to marginal buyers. It was a law that George W. Bush just ignored.

And keeping one from having cash is criminal as well. There is a totalitarian aspect to being forced to keep your money in a bank. If the bank makes a mistake with its investments, it can turn your money into capital to save itself. Those who choose not to partake in this straitjacket have no choice.

If you deposit money into a bank it is a loan to …

JPMorgan and Uncle Sam Now Partners in Pillaging of America: Ritholtz | Watch the video

JPMorgan and Uncle Sam Now Partners in Pillaging of America: Ritholtz | Watch the video - Yahoo Finance

Just the cost of doing business. What a fraud, a double fraud against the American people.

What is the "Halliburton Loophole?" Bush and Cheney Are Fracking Us Over

What is the "Halliburton Loophole?"

Fracking was made exempt from the Safe Water Act. Most injections into wells of any kind are forced to comply with the Safe Drinking Water Act. However, Bush and Cheney excluded hydraulic fracturing, or fracking, from the rules. Wake up "Amerca".

Larry Summers IMF Speech On The Zero Lower Bound - Business Insider

Larry Summers IMF Speech On The Zero Lower Bound - Business Insider

Larry Summers wants a cashless society. He is the poster boy for the term "dumb shit".

I want cash when I want it and so should every American.

Summers is scum.

You Can Sue a Doctor for Malpractice It is Time to Sue Banks for Malpractice

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Most people have it wrong about the last housing bubble. They blame the borrowers. But in fact, it was the banks who failed to do their jobs in determining how much house you could get .

If a doctor makes a wrong diagnosis, resulting in injury or harm to the patient, that patient can sue. But if a bank makes a wrong diagnosis on your ability to pay back a loan, they got wealthy by just taking your house.

But Dodd-Frank seeks to establish a rule whereby banks failing to properly underwrite a loan could result in those banks being sued by the borrowers.

We are so brainwashed that this avenue opening up for borrowers sounds preposterous, while we totally accept the patient's right to sue.

But doctors and bankers provide the same function. And bankers have the additional responsibility of being required to keep their banks solvent. As a doctor would go out of business if he kept offering wrong diagnoses to patients, so too should banks go out of business if they keep offering loans th…

If You Can Boycott These Low Paying Companies, the Top Ten Lowest, Then Do It!

10: Starbucks

9: Marshalls, TJ Maxx, Homegoods

8: Macy's

7: Olive Garden, Red Lobster

6: Sears, KMart

5: KFC, Pizza Hut, Taco Bell

4: Kroger, City Market, Dillons, Smiths

3: Target

2: McDonalds

1: Walmart

According to the article below, most positions, like retail sales associates, pay less than 9 dollars per hour on average, or in some cases barely above $9 per hour. You heard it right folks, less than 9 dollars per hour on average. That may be acceptable for an in home job where you don't have to have the expense of working out of the home.

But these wages are unacceptable for those having to work in the home. Even in the Great Depression times, retail sales associates were paid a more dignified wage in comparison! Come on big companies?

Boycott where you can.


Article Source

Janet Yellen of the Federal Reserve Is Basically a Liar

http://www.bubblews.com/news/1577529-janet-yellen-of-the-federal-reserve-is-basically-a-liar

From my article on Bubblews:

Janet Yellen gave testimony today regarding her nomination to Fed chairman. She is a brilliant woman, but is a liar. The lie is with regards to easy money. Easy money floods the world with excess credit and pushes the prices of goods and services up.

Janet Yellen does not see asset bubbles. But the average shopper sees asset bubbles in the eggs she buys, in the gasoline she pumps, in the house she can't afford to by. Janet Yellen knows that the easy money that drove real estate to unsustainable levels in the housing bubble is now going to the rich. They are buying all the houses up to rent.

Wages in the US have to decline in order for the United States to be competitive in the world. Our wages are too high. Our nation is not as competitive as it should be. Yet the Fed, and Yellen as an insider of the Fed, pushes assets up by allowing the QE stimulus…

Andrew Huszar: Confessions of a Quantitative Easer - WSJ.com

Andrew Huszar: Confessions of a Quantitative Easer - WSJ.com

Bernanke lied, and the Fed just bailed out the banksters with QE. He never intended the banksters to loan to the people. QE is all about the banks and until QE stops, we can be confident that the banks are still in crisis.

Jackie O tapes to reveal her and JFK's affairs and who she believed was behind his death

Jackie O tapes to reveal her and JFK's affairs and who she believed was behind his death | Mail Online

This article has been out for some time. However, as we remember JFK's death, and most baby boomers do, we can feel confident that LBJ's buddy, D. Harold Byrd was likely involved.

We know he owned the Texas Book Depository. We know he helped LBJ in acts that appear to be criminal before this assassination.

The man is deceased and there is no court that convicted him, but I believe Byrd and Johnson were closely involved in the death of Kennedy.

There is no doubt in my mind that LBJ was aware of the murder before hand, as he said that JFK would never embarrass him again.

JFK would have made the US a better and fairer place, and saved Americans from the crazy general Lemnitzer's false flag plan known as Operation Northwoods.


Here is the smoking gun of LBJ's involvement in the assassination of JFK as reported by the mistress of Lyndon Baines Johnson:


California Homes Now Affordable to only 1/3 of Californians

California Homes Now Affordable to only 1/3 of Californians

Cali housing now has a median value of $433,000 dollars in California. That is a bubble folks. It is time to live multigenerationally, move to another state or simply move to an apartment and boycott houses completely.

Golf's 'Silly Season' Goes Sour - WSJ.com

Golf's 'Silly Season' Goes Sour - WSJ.com

This article is an example on why the new Wall Street Journal cannot be trusted. The HSBC tournament is a duel tournament for the PGA Tour and the European Tour. The article states that it is only a PGA Tour event.

That is incorrect. And that golfers are making more money sounds like jealousy from a rag that is owned by one of the greediest men alive, Rupert Murdoch.

I am sick of the Wall Street Journal.

Monsanto, if you are so proud of your products why dont you label them?

Monsanto, if you are so proud of your products why dont you label them? | Health The Organic Way

This is an interesting view of Monsanto and the author claims labels would expose the company for what it really is: evil.

While I am no expert on this subject it would seem that Monsanto has a duty, a moral duty, to label the company products.

Rethink 9/11 Is an Excellent Website

Rethink 9/11 is an excellent website that exposes the truth about George W Bush and Richard Cheney and their neocon friends.

They will be passing out flyers in front of the Rethink 9/11 billboard in New York City:

This November’s “New York Times Billboard Campaign” is the perfect opportunity to get outside and educate hundreds of Times reporters and thousands of New Yorkers about the destruction of Building 7 and the need for a new 9/11 investigation. In order to capitalize on this great opportunity, ReThink911 is organizing teams of activists to leaflet in front of the New York Times Building throughout November. Come join us!
Anyone in NYC can sign up. Best wishes to people who do not want political truth buried in our once great nation that is now not quite ready for greatness again.