Tag Archives: Government

  • Blog
    © Stephen Finn | Dreamstime.com

    Anticipating the Devolution of Big Government

    Expect destructive feedback loops
    by charleshughsmith

    Monday, October 29, 2012, 11:44 PM

    24

    With the US elections approaching next week, as well as the threat of another fiscal cliff showdown looming, we asked contributing editor Charles Hugh Smith to revisit his eariler work on how the expansive Central State has come to dominate both private society (i.e., the community) and the marketplace, to the detriment of the nation’s social and economic stability.

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  • Blog

    Daily Digest – January 5

    by DailyDigest

    Tuesday, January 5, 2010, 3:45 PM

    0
    • Conversation with John Rubino
    • Observations On The Bond Bubble From TrimTabs And TCW
    • Dennis Kucinich To Investigate Fannie/Freddie Bailout
    • Fannie/Freddie Misrepresented Loan Pool Quality To Get AAA Ratings
    • NY Governor To Unveil Sweeping Proposals To Rein In Corruption
    • Testimony Before Senate: ‘Tools To Combat Deficits And Waste’
    • $340 Million Road Tour And Promotional Blitz To Launch Census
    • We Must End Practice Of Secret ‘Holds’ In US Senate
    • Dems Intend To Bypass GOP On Health Care Compromise
    • Yield Curve Shows Higher Inflation Coming
    • Bond Bubble About To Burst
    • Fed Has Created Inflation Time-Bomb
    • Bernanke Edges Closer To Using Rates To Pop Bubbles
    • ‘Big Is Bad’ Angst At Wall Street Catches On In Congress
    • The Truth On Government Spin
    • Economist: Recovery Will Take Between ’18 Years And Forever’
    • IRS Proposes ‘Ethical Standards’ Regulations For Tax Preparers
    • California Seeks Help–Just Don’t Call It A Bailout
    • Next Up On Cable TV: Higher Bills For Consumers
    • Obama’s Foreign Policy Can’t-Do Style
    • The People’s Revolt In Iran
    • Iran’s Increasing Turmoil And Growing Desperation
    • Why Lone-Wolf Terrorists Pose Greater Global Threat
    • What Message Is America Sending To Al Qaeda?
    • A Solar-Powered Adventure

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  • Blog

    Our Slow-Motion Crisis

    by Chris Martenson

    Saturday, November 21, 2009, 7:29 PM

    0

    Becca and I just went through the process of buying the house that we have been renting for the past few years.  The experience has given me another distasteful brush with state laws and regulations.  Over the years, new laws have only been added, never subtracted, making this house purchase entirely different from the one I conducted only ten years ago.

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  • Blog

    The Recovery Cost Too Much

    by Chris Martenson

    Wednesday, September 16, 2009, 9:03 PM

    0

    Now that Bernanke is taking victory laps for electro-shocking the economy back into an upright position, inquiring minds want to know what this statistical recovery has cost us.

    The concern here is that a few hundreds of billions in temporary growth have been achieved at the cost of several trillions of dollars of stimulus and thin-air bailout money.

    The calculations and the implications are explored below.  Here are the quotes around which this piece was written:

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  • Blog

    Daily Digest – September 8

    by Davos

    Tuesday, September 8, 2009, 3:25 PM

    0
    • China to diversify out of U.S. dollars
    • China, Bernanke, And The Price Of Gold (H/T SaxPlayer00o1)
    • And just in case you thought 4pm on Friday means Blue Label on the rocks time for HAL9000, you were wrong … 
    • U.S. Government The New Sub-Prime Lender
    • Peter Schiff (Video on definition of inflation, H/T SpillDenmark)
    • Deflation Interview on FSN WithRobert R. Prechter, Jr.
    • Chart of the Day – Journey Into Deflation (Video)
    • Faltering Construction Loans = More Bad News for Banks
    • A Surge in Homeless Children
    • Gold Wars, Part III: Return of the Gold Standard (PLEASE DON’T READ IF YOU DON’T WANT TO SEE A BIBLICAL QUOTE)
    • Soaring junk bond defaults

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  • Blog

    Daily Digest – July 7

    by Davos

    Tuesday, July 7, 2009, 3:29 PM

    0
    • The Solution…Is The Problem (H/T TrueNorth)
    • Paul Krugman: Heading Right Back To The 1930’s, But With More Stimulus?
    • Report: Subprime and Alt-A Loss Severity Hits 64.7% in June
    • Inflation: Multipart Video
    • The Collapse of Government: It’s No Longer Coming, It’s Here
    • Fractional Reserve Banking Gets a Bad Rap? Patrick Brown on Two Beers With Steve
    • Majority of Americans Say Focus on Deficits
    • ISM Non-Manufacturing Index Shows Contraction in June
    • Failing Upwards: The Wall Street White House
    • They’re At It Again – Securitization

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  • Blog

    Daily Digest – May 12

    by Davos

    Tuesday, May 12, 2009, 2:46 PM

    0
    • Government Borrowing .46 cents for every Dollar it Spends!
    • Sunday Funnies (Commics, commedy and video)
    • SNL: Geithner Cold Open
    • Interesting Amendment on the Federal Reserve Audits (Many Links On Page, Please Click)
    • Foreclosure Auction Video
    • Hotel industry getting crushed along with CRE
    • Black: Stress tests and the Big Lie (Video on page)
    • The Risks of Denying Reality
    • "Enjoy the rally while it lasts – but expect to take a sucker punch"
    • Government Payroll Warping Overall Data? (Chart on page)
    • Unemployment Rate vs. Broader Total Unemployed (Chart)
    • Non-Farm Payroll vs. Birth/Death YoY Change (Chart)
    • FSN May 9th (Audio, not yet reviewed)
    • Bernanke speaking on Jekyll Island, ironic?
    •  A few A(H1N1) Links Dr. Henry Niman’s Map 3,349 U.S. Cases as of this wrtitng, A(H1N1) Current Timeline, CDC Cases

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  • Blog

    Daily Digest – May 11

    by Davos

    Monday, May 11, 2009, 3:01 PM

    0
    • Struggling Americans Forced To Work Extra-Dimensional 4th Shift (H/T PineCarr)
    • Broke Movie Posters, with super quotes. One, two and three
    • Broke, Movie Trailer
    • Smart Grid City (Video)
    • What If It Doesn’t Work?
    • Average Hourly Earnings Growth (Chart)
    • Obama begging Saudia Arabia for help! In Secret meeting
    • ABC News, Elderly (Video)
    • A Case Of Gangster Government? (Video)
    • Office of Management and Budget (Link found on Peter Peterson’s blog)
    •  Enormous Settlement Failures In The ETF Market (H/T PineCarr)
    • "Rats Outperform Humans in Interpreting Data"
    •  A few A(H1N1) Links Dr. Henry Niman’s Map 3,204 U.S. Cases as of this wrtitng, A(H1N1) Current Timeline, CDC Cases

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  • Blog

    Social Security Stunner; Bankruptcy of Nation Moved Up Several Years

    by Chris Martenson

    Wednesday, April 1, 2009, 5:35 PM

    0

    Well, Obama is talking tough with the Big Three, even letting on that the bankruptcy of GM and Chrysler is a very real possibility and may happen soon.

    Since these are bankrupt companies, I suppose this makes a certain amount of sense, leaving aside the perplexing silence on why a similar approach is not being taken with insolvent banks. I guess it’s possible that manufacturing paper profits is now “more American” than fashioning real goods out of hard materials.

    But it goes further than this. The current administration might as well be worrying about the fact that the US government itself is hurtling towards bankruptcy.

    Not only are debts exploding – moving smartly past “unsustainable” and into “ruinous” – but revenues (tax receipts) are falling like a rock.

    Yesterday it was reported that the difference between Social Security income (taxes) and outlays (benefits payments), which is known in Washington-speak as “the SS surplus”, would shrink to zero next year.

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  • Blog

    Government offers to buy impaired 401k assets

    by Chris Martenson

    Thursday, January 29, 2009, 12:53 PM

    0

    In a stunning move today, the government offered to buy any and all bad investments out of the 401k portfolios of private citizens in an effort to “make them whole.” The idea, apparently, is that these bad investments are dragging down the economy by making individuals feel poorer and thereby perpetuating the financial crisis. The government is exploring ways to create a “bad portfolio” and exchange freshly borrowed cash for these troubled assets.

    While losses may run into the trillions, the government has strong bipartisan support for quickly passing the necessary legislation, bending rules along the way if necessary, to accomplish the goal of taking bad assets off of the hands of private citizens.

    Wait…What’s that, you say? I have the story wrong?

    Let me check here.

    Oops. I do have it wrong. My bad. It turns out the government isn’t going to buy your troubled 401k assets. 

    Here’s the actual story.

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