We are in trouble, the entire west is in trouble, in substantial part because the financial system has been leaking a lot of money. So has every other part of the governing apparatus, but the financial system is the biggest hole in the bucket. Now a lot of people are saying that this is a revolutionary election, it is about fundamental change. Thomas Sowell, a man I enormously respect, tells …
Month: October 2010
hyperinflation of the US$
A great storm first manifest as clouds on the horizon. The Republicans are going to wish they had not won the 2010 November elections. Supposedly US inflation is near zero, yet food, fuel, and heating oil has risen substantially. Gonzalo points out Grains as a class have risen over 33% year-over-year. Refined oil products have risen just shy of 13%, with home heating oil rising 18% year-over-year. In other words: …
War on masculinity
Roissy has a couple of great posts about the war on masculinity “Belittle League†and “The medicalization of malenessâ€
The supposedly unelectable Sarah Palin
The Democrats assure Republicans that Sarah Palin is unelectable, and that for her to be nominated for president in 2012 is their wet dream, because it would assure Obama of a second term, that if Republican nominate Sarah Palin, Democrats will be celebrating. At the same time, the Democrats are quietly pushing the supposedly much more electable Michael Rubens Bloomberg as Republican presidential candidate in 2012, creating opportunities for him …
Sarah Palin proposes an insignificantly tiny reform
Sarah Palin proposes an insignificantly tiny reform. The impressed response to Sarah Palin’s suggestion, the horde of blogs thrilled by her suggestion, shows how rare such suggestions are. She suggests a tiny move rightwards, while normally the extreme right wing of the Republican party merely proposes that we move leftwards at a slightly slower rate.
Who fortold the financial crisis?
Howard Husock did in 2000
Winning will be another Republican disaster
Everyone on the Republican side is sucking up to the anti capitalist left – including Sarah Palin and Christine O’Donnel. None have the will to reverse the policies that are ruining the economy, making the middle class poor and insecure. So, when elected, will get the blame for the consequences of these policies. Since the supposedly hard core capitalism of the Republicans will not work, obviously the solution must be …
Elections do not matter.
The most extreme of the “right wing” candidates are proposing measures far too feeble to make a difference. Consider for example, the mortgage scandal. Where is the candidate that suggests that to fix our financial system, the bums (the entire financial sector of wall street and the regulators to which they are connected by a revolving door) need to be fired for incompetence and imprisoned for fraud? A lot of …
The whitewash proceeds
One of the bigger criminals in the mortgage scam was Former Countrywide CEO Mozilo. The SEC has made a symbolic settlement with him and a couple of his accomplices for seventy two million dollars, not a dime of which he has to pay personally, and which would be peanuts even if he had to pay it personally. As a part of the agreement, all potentially embarrassing details associated with his …
The enormous mortgage-bond scandal
Felix Salmon has found an interesting document in the financial crisis inquiry hearings. It seems the banks not only knew that the loans they were selling to investors generally failed to meet underwriting standards, they were so careless as to have documents lying around saying so in plain English. Seems like they were a bank of morons. When I was involved in criminal conspiracies, none of us would write in …