I agree, these feckless folk who ran up extraordinary credit card bills and took out mortgages they couldn’t afford were one half of the problem. The prudent folk are the ones who will unfairly suffer.

Again no big deal but it would be nice if people at least post a “title” to their link(s) cause than you know a little what you are clicking on and makes it easier to find them back, in case.

http://hypertiger.blogspot.com/

“The world has to come to grips with the fact that the global system has reached the maximum potential of inflation greater than previous inflation.

The world emerged out of the 1933-1945 bankruptcy reorganization of global trade system…reorganized…but still bankrupt.

All the system did basically is provide an ability for Billions of you to exist as you currently do.

The vast majority of the population of the planet has to come to grips with the fact that you all will soon no longer be needed or wanted by the system you all know almost nothing about.

You all will be forced to wake up from the daydream you are currently deeply in Love with into the nightmare.

In the end they will be forced to basically fly over and spray you all like roaches.

You all exist currently and have a general feeling that you have a right to exist because you are assets…But you all will eventually transform into unfundable liabilities and will be liquidated one way or the other.”

and, yes, devising new nuclear weapons always escalates the tensions, and it demonstrably did when the US and the Soviet Union had their cold war; and as we are seeing between Pakistan and India over the past decade; and it also escalated tensions when Rumsfeld ordered (despite the NPT) that new nuclear bunker busters be built

Spare yourself the self-flagellation, dear Stacy. Indians do not need US protection, nor are they getting it or hoping for it. Let the US continue to arm Pakistan for their glorious war on terror – akin to funding the Mafia for the war on organised crime. India has taken care of itself and will continue to do so. AFAIK, there are no US military bases in the subcontinent.

Yes, Shay’s rebellion does resemble the response to come to Team Obama and Washington’s cronyism. Here’s Alexander Hamilton’s original ‘deficits don’t matter’:
“He also believed that the mere existence of a national debt would tie the states more closely to the government and thus strengthen the union.”

Hamilton believed that the populace was dangerous and childlike:
“As pessimistic as Hamilton was about the abilities even of educated, thinking people to resist the impulse to succumb to revolutionary excesses, he found it “almost impossible among the unthinking populace. When the minds of these are loosened from their attachment to ancient establishment and courses, they seem to grow giddy and are apt more or less to run into anarchy.” For the rest of his life, Hamilton exhibited the same mistrust in the abilities of ordinary persons to govern themselves without descending into anarchy.(4)”

Was the cause of Shay’s rebellion state usurious taxation for war debt or an unfair allocation of capital? I believe the latter.

Regarding those in debt walking away from their debts – I say, good on them. In fact we should all walk away from everything to do with this evil system. Stop doing business with the banks (use credit unions or Islamic banking perhaps) and stop cooperating with the state, do not vote (it only encourages them) and do not consent to these stupid laws they keep bringing in. I know it’s easier said than done and would require collective action if we are to succeed, but we have to do something because if we don’t they’re going to continue taking the p*ss until there is nothing left and our children will be slaves.

from my end, the banks have shot themselves in the foot via market manipulation & refusing to lower card rates. if the markets were honest, i would have already made an honest return, and already paid the principal back before my rates skyrocketed from 0% to 20,25, 30%!

the banks should be more interested in “the return of their capital, than the return on their capital” at this juncture.

As Max will tesify, markets are not free, and have never been. Schmadas have always found ways to game the system. After studying what happened in Russia in the mid 90′s ‘under’ Yelsin when overnight state companys were privatised, massive inflation hit and Russia literally couldn’t feed themselves. Putin came to power on the promise of destroying this new oligarchy and he’s still doing it. IMO, a healthy balence of public and private companies is the answer.

Rant over. Interested in hearing opinions. Be gentle with me

“Private Prisons turn a handsome profit”

Great artcle.

Exciting times we live in. I thought I’d never live in a time when there was so much insanity in works..