no third solution » Archive
A Series of Spectacular Failures
For the record: Social Security was established in 1935 – they’ve had 74 years to get it right; it is broke. Fannie Mae was established in 1938 – they’ve had 71 years to get it right; it is broke. Freddie Mac was established in 1970 – they’ve had 39 years to get it right; it is broke. Together Fannie and Freddie have now led the entire world into the worst economic collapse in 80 years. The War on Poverty was started in 1964 – they’ve had 45 years to get it right; $1 trillion of our hard earned money is confiscated each year and transferred to “the poor”; it hasn’t worked. Medicare and Medicaid were established in 1965 – they’ve had 44 years to get it right; they are both broke; and now … Read entire article »
Filed under: American Politics, bailout, Government is Slavery
Hang the Zombieconomy by its Own Rope
Lenin once said that capitalism would ultimately undo itself, because the entrepreneurs would gladly sell the rope with which they would later be hanged; they’d be too busy counting the profits to see the noose tightening around their necks. Well, somebody is choking right now, but it’s not the “capitalists”. Instead, like a torture victim, the little guy is being pressed to see just how much he can tolerate, how close they can bring him to the brink of asphyxia… Aside from the obvious swindle, the banks are using trillions of blackmailed dollars, stolen from the people, to strengthen the stranglehold. Several companies (e.g., Goldman Sachs and American Express) became “bank holding companies” only after the sh*t hit the proverbial fan, for the sole purpose of capitalizing on TARP funds, which they’re … Read entire article »
Filed under: Agora!, bailout, Left Libertarian, Monetary Policy