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New Infrastructure Will Not Come Good, Fast, And Cheap
New Infrastructure Will Not Come Good, Fast, And Cheap Anyone naive enough to think America is about to receive a big gift of newfangled “fixed installations” needed in order to function should look long and hard at what is really being proposed. The “underlying structure” a country and the economy rely upon includes things such […]
The Birth of a Monster
The Birth of a Monster The Federal Reserve’s doors have been open for “business” for one hundred years. In explaining the creation of this money-making machine (pun intended — the Fed remits nearly $100 bn. in profits each year to Congress) most people fall into one of two camps. Those inclined to view the Fed as […]
The Psychological Warfare Behind Economic Collapse
The Psychological Warfare Behind Economic Collapse The concept of using the economy as a weapon is not an alien one to most people. Generally, we understand the nature of feudalism and how various groups can be herded onto centralized plantations to be exploited for their labor. Some people see this as a consequence of “capitalism,” […]
America Has a “Neo-feudal” System
America Has a “Neo-feudal” System The conventional definition of a Bear is someone who expects stocks to decline. For those of us who are bearish on fake fixes, that definition doesn’t apply: we aren’t making guesses about future market gyrations (rip-your-face-off rallies, dizziness-inducing drops, boring melt-ups, etc.). No, we’re focused on the impossibility of reforming […]
The Myth of Capitalism – A Book by Jonathan Tepper
The Myth of Capitalism – A Book by Jonathan Tepper Crony Capitalism vs. Free Markets Many of our readers are probably aware of the excellent work our friend Jonathan Tepper does for Variant Perception (VP)*****, a financial research boutique that really does bring a unique perspective to the table*. Jonathan (with co-author Denise Hearn) has […]
It’s Time to Retire “Capitalism”
It’s Time to Retire “Capitalism” Our current socio-economic system is nothing but the application of force on the many to enforce the skims, scams and privileges of the self-serving few. I’ve placed the word capitalism in quotation marks to reflect the reality that this word now covers a wide spectrum of economic activities, very little […]
Brexit and the Crisis of Capitalism
Brexit and the Crisis of Capitalism If you collapse these extractive, debt-dependent crony-capitalist cartels, you collapse the entire status quo. Thousands of commentaries have been issued about Brexit in the past week.I’ve written four myself. Most discuss Brexit as the result of immigration issues, class war, political theater, a reaction against the European Union’s bureaucratic […]
“For the Sake of Capitalism, Pepper Spray Davos”
“For the Sake of Capitalism, Pepper Spray Davos” Yra Harris just posted a blistering critique of the crony capitalist crooks congregating in Davos. The first few paragraphs of his post, For the Sake of Capitalism, Pepper Spray Davos, are a must read. Enjoy. Please, PEPPER SPRAY ALL THE ATTENDEES OF DAVOS in order to halt the rape of taxpayers and consumers […]
Billary Buddy Marc Lasry’s Last Rodeo——The Jig Is Up On 25 Years Of Bottom Fisher Bailouts
Billary Buddy Marc Lasry’s Last Rodeo——The Jig Is Up On 25 Years Of Bottom Fisher Bailouts As the Fed’s third and last bubble of this century heads for its splatter spot, the stench of desperate crony capitalism fills the air. You can count hedge fund mogul and Billary Buddy, Marc Lasry, among the upchucking financiers. […]
Coal CEO Thanks Lamar Smith, Asks Him to Expand Probe of Climate Scientists
Coal CEO Thanks Lamar Smith, Asks Him to Expand Probe of Climate Scientists In recent remarks Robert E. Murray, the chief executive officer of Murray Energy, the largest privately-held coal mining company in America, enthusiastically praised Rep. Lamar Smith, R-Tex., the chairman of the House Committee on Science, Space and Technology, for leading an investigation into […]
Untangling America from the American Empire
Untangling America from the American Empire Those calling for an end of the Empire don’t seem to realize that the federal state’s vast entitlement programs are ultimately funded by the Empire. The Status Quo would have us believe that America and its Empire are one entity. This is handy for those with Imperial designs but […]
Crony Capitalism: The Cause of Society’s Problems
Crony Capitalism: The Cause of Society’s Problems Since the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the world that the system of individual freedom and free enterprise has failed. These critics have insisted that it is unbridled capitalism, set lose on […]
You Can’t Separate Empire, the State, Financialization and Crony Capitalism: It’s One Indivisible System
You Can’t Separate Empire, the State, Financialization and Crony Capitalism: It’s One Indivisible System The great irony is what’s unsustainable melts into thin air no matter how many people want it to keep going. Disagreement is part of discourse, and pursuing differing views of the best way forward is the heart of democracy. Disagreement is abundant, […]
When Capitalism Turns to Cannibalism
When Capitalism Turns to Cannibalism With authentic growth scarce, there’s no other way to reap huge profits but cannibalism. When people say “capitalism has failed” or “capitalism has succeeded,” we have to ask: what type of capitalism do you mean? Authentic capitalism, in which capital is placed at risk to earn a return in a competitive, […]
Our Phantom Economy
Our Phantom Economy Those who believe that phantom recoveries and phantom metrics can be substituted for reality are in for a shock in the next downturn. Stripped of artifice, there are only two kinds of media stories: those that support the status quo narrative, and those that are skeptical of that narrative. What is the status […]
