Sunday, March 21, 2010

March 21, 2010 Compendium

Obamacare:
Obamacare is a financial lie according to a former head of the CBO. To the tune of losing over $50B a year. Not to mention also being a lie in every other conceivable dimension of course.

History:
The fall of the Roman Republic: "While Cicero was what Dickinson called an “institutionalist,” Caesar was an “instrumentalist.” For Caesar the ends justified the means, subordinating institutional checks and balances in a quest for “results.”" Welcome to the soon to be feces stained results. (Welcome to your real Cuba.)
Economics of socialistic corruption:
Adventures in nationalization with the central bank of North Dakota. The North Dakota purchase and the nationalization of the student loan industry. Oh, and what group takes out lots of large student loans? Why that would be doctors of course...

Who owns the Federal Reserve? Why that would be O Duce of course.

Hiding in plain sight:
German central bank admits that money is created out of thin air. "Germany’s central bank – the Deutsche Bundesbank (German for German Federal Bank) – has admitted in writing that banks create credit out of thin air." Have you ever wondered why (if the loons are correct that we have a free market which is to blame for the recent collapse) the most important price in the economy -- the (discount) interest rate! -- is set by a central planning board called the Federal Reserve Board of Governors? Can you say "hiding in plain sight"?