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Elusive Language: What Is Terrorism Really?
Actually I have gotten tired of explaining to people the deception at the heart of airport security procedures. For years I have tried to show that the explanations given for the increasingly intrusive, not to mention time-consuming, controls to which passengers in international travel and for decades now domestic movement have nothing to do with […]
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Who Owns America?
The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought and paid for the Senate, the Congress, the […]
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Sacred Economics: Shylock as Anti-Christ
Money vs the gift Sacred Economics 100 Deconstructing the Story of Self/ the World Life without prisons Marx’s ‘death knell’ of capitalism, revolution, was the first answer to capitalism’s ills, after which the state would wither away, and we would live in a utopian bliss. The 20th century put paid to that vision, as revolution, […]
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How Unelected Regulators Unleashed the Derivatives Monster and How It Might Be Tamed
It was not the highly visible acts of Congress but the seemingly mundane and often nontransparent actions of regulatory agencies that empowered the great transformation of the U.S. commercial banks from traditionally conservative deposit-taking and lending businesses into providers of wholesale financial risk management and intermediation services. — Professor Saule Omarova, “The Quiet Metamorphosis, How […]
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The Dark Side of Left-Brain Operations
Orientation Power struggles between the two sides of the brain In Part I of this article, I compared the left to the right side of the brain across many categories. One of the most interesting prospects in Iain McGilchrist’s great book The Master and His Emissary, is that the two sides of the brain functions […]
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Is the Reign of the Dollar Coming to an End?
Jiang Tiefeng (China), Stone Forest, 1979. In early June, a rumour began to circulate – which was widely reported in the Indian press as true – that the government of Saudi Arabia had allowed its petrodollar agreement with the United States to lapse. This agreement, made in 1974, is quite straight-forward and fulfills various needs […]
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Why Does the Government Borrow When It Can Print?
In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both national defense ($498 billion) and Medicare ($465 billion). The interest tab also exceeded all the money spent on veterans, education, and transportation combined. Spending on interest is now the second […]
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Tackling California’s Budget Crisis: Raise Taxes, Cut Programs, or Form a Bank?
In 2022, the state of California celebrated a record budget surplus of $97.5 billion. Two years later, according to the Legislative Analyst’s Office, this surplus has plummeted to a record budget deficit of $73 billion. Balancing the budget will be challenging. Unlike the federal government, the state cannot just drive up debt and roll it […]
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Tyranny by the Numbers: The Government Wants Your Money Any Way It Can Get It
The government wants your money. It will beg, steal or borrow if necessary, but it wants your money any way it can get it. This is what comes of those $1.2 trillion spending bills: someone’s got to foot the bill for the government’s fiscal insanity, and that “someone” is the U.S. taxpayer. The government’s schemes […]
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