Why the latest eurozone bail-out is destined to fail within weeks - Telegraph

As the opiate of another government intervention creates short-term euphoria in the financial markets, sensible people must keep repeating quietly to themselves that there will be no improvements till consequential actions are taken. All that has happened by the recent multitudes of workouts of Greece debts is that promises were made that it will be worked out. It won't be solved. But additionally, the message to the rest of Europe is that it will not be that painful so you all can keep borrowing and spending and promising things to people that you will never be able to deliver.....

So, yes, I want such turbulence, which will never be fully-eradicated, nor should it be in a free-market system, to now lessen to more manageable levels. Yet the responses of our politicians to recent financial troubles – hiding behind complexity and kicking the can down the road – have not only failed to temper the volatility, but have actually made it much worse.

Typical socialism, like that practiced in Europe and Washington relies upon the belief that government is actually capable of knowing what can be done but also how to execute it. The idea that Europe can extricate itself from the mess that the governments there created is silliness. They are not dealing with the fundamental problem and that is that centrally planned socialist economies go moribund and unproductive over time. The current mess with Greece, just the tip of the iceberg, is not the problem. Its the whole idea that governments can be everything to everybody. With Greece, they will not only not be able to successfully work this problem out but the message to the other troubled economies there is 'don't worry' you do not have to work that hard on getting things straightened out.

Europe should allow Greece to default. And let the markets work out the costs and consequences to this event. Then there will be precedent to work through the other inevitable problems that loom on the horizon.

Why the latest eurozone bail-out is destined to fail within weeks - Telegraph

Police: Fla. pizza workers burned down rival store - Yahoo! News

Nothing like a good pizza war to entertain us!!!!!!

Two managers of a Domino's Pizza restaurant in Lake City, in north-central Florida, have been charged with burning down a rival Papa John's location. The motive? Police say one of the men admitted that he believed with his competitor out of the way, more pizza lovers would flock to his restaurant.

Competition at its finest!

Police: Fla. pizza workers burned down rival store - Yahoo! News

A Complete Guide To The Ponzi Scheme That Is Suburban America

Why suburban America cannot sustain itself. There will be many many more dirt roads and back yard cesspools will again become the norm.

A Complete Guide To The Ponzi Scheme That Is Suburban America

Guest Post: Want a Truly Healthy Housing Market? Here Are the Five Essential Steps | ZeroHedge

The 5 steps to recreating a healthy housing market in the USA. Basically, allow housing prices to fall to their market clearing level. It will be painful, but it also would eventually make the nation more competitive since a much lower percentage of income would be required to house people.

Guest Post: Want a Truly Healthy Housing Market? Here Are the Five Essential Steps | ZeroHedge

Richmond tea party: Charge Occupy protesters or refund $10,000 we spent to rally in Virginia | The Republic

Unequal treatment under the law. Those that are law abiding citizens, get all of their permits, plan for crowds and pay for additional security are not only asked to pay but are also accused of being racists in addition to host of other things. The anarchists supported by George Soros and the Democrats are not held to this standard? Why?

Richmond tea party: Charge Occupy protesters or refund $10,000 we spent to rally in Virginia | The Republic

Vox Popoli: Why Washington will collapse

The argument and the reasoning why the US federal government is destined to collapse....

Vox Popoli: Why Washington will collapse

Breitbart.tv » Howard Stern Shows Idiocy Of #OccupyWallStreet Protesters

Seeing the juvenile Occupy Wall Street protesters as to what they really are....

Breitbart.tv » Howard Stern Shows Idiocy Of #OccupyWallStreet Protesters

Losing the Economic Battle | The Weekly Standard

As the USA doubles down on socialism and the sense of entitlement that others owe a living to the average populace continues unabated, not only can one can look at what is going on now as an indicator of what to expect but also anticipate that it will be much worse in the future. At the root of the problem, people believe in the opiate of government intervention but will end up being completely disappointed since not only are these very governments wholly unable to solve these kinds of problems but these very same governments were instrumental in creating the economic mess that we find ourselves in. This is the classic situation where we need to consider the saying, 'when one finds oneself in a hole, stop digging.' Fully expect that continuing or doubling down on these same self destructive policies that created the mess that we have no hope of ever getting out without a cathartic cleansing that will necessarily completely change the nation. Things will only get much worse.

As a result of socialism, governments have run-up huge debts and these economies can no longer support these high levels levels of debt. As we see happening in Europe, currently manifested in Greece that will spread to other countries over the next several months, out of control social spending and government borrowing to support this riotous spending will destroy the European socialist model. Critical government European market functions such as healthcare and retirement income will not be delivered and since government crowded legislated out other delivery mechanisms eliminating other competing market providers that could take up the slack, Europeans will have to learn to live without.

The solution to the 2008 financial crisis crafted by self-identified brilliant politicians by shifting private debt where individuals and corporations were naturally deleveraging to governments by embarking on a spending and borrowing spree were in a desperate but hopeless crusade of keeping the economy rolling along. All that this has achieved is a more fragile state of affairs and one that will be even more difficult to right as time goes on since ultimately it will have to be the private competitive economy that has to perform to keep living standard up for common people....

Some analysts, including Criton Zoakos, argue that the global economy has reached a “point of no return.” Debt suffocates growth, which destroys equity values (particularly financial stocks), which diminishes lending, investment, and consumption. Falling tax receipts lead to even more debt. Optimists argue not to worry. The world since January 2008, they say, has been undergoing an important period of public and private deleveraging. Growth will resume once deleveraging is completed.

If only life were that simple! Global indebtedness, according to Zoakos, has actually increased by 17 percent since the beginning of 2008. Nations have enacted generous bailout and stimulus programs while growth has averaged an anemic 1.2 percent.

After Europe collapses, it will be the US that has to finally deal with profligate and stupid central government government spending and a huge debt that will have no chance of being serviced without some kind of debt restructuring. Get ready for an environment that could cause massive economic dislocations and global starvation.

Losing the Economic Battle | The Weekly Standard

Feds pressure African dictator's son to surrender Ferrari, Michael Jackson's glove - Yahoo! Autos

So, the US government is taking back ill gotten gains from dictators in Africa where access to government coffers allowed for them unimaginable monetary gains? So explain to me what the difference is between and African dictatorship and the American form of government as it is now? Not much different I think. When around $800 billion in taxpayer funds are distributed to the 'friends of government' in what is termed 'economic stimulus' this stealfest of the people's money is no different what-so-ever than those kleptocrats we detest elsewhere in the world.

"Give a government money and it will be mis-allocated"

-Glenzo, 2011-

Feds pressure African dictator's son to surrender Ferrari, Michael Jackson's glove - Yahoo! Autos

The leviathan has you in chains.....

The political risks of targeted mortgage subsidies | Keith Hennessey

How to fix a problem that at its root was enabled by bad government economic policy? Typical with Democrats is to deploy even more bad bad economic policy. This creation of winners and losers is plainly stupid for anyone that takes the time to think of the costs and consequences. This writer considers the political costs but there are real very explicit and implicit costs to an economy if governments indulge in rewarding and supporting economic failure....

Mortgage refinancing policies are quite hard to do at scale. If recent history is a guide, this program may help a few tens of thousands of homeowners. That’s a trivial macroeconomic impact. Even if it does help 900,000 homeowners, the effects will be small enough that they won’t show up on most macro forecasts. Its greater benefit may be political: it creates another talking point for the President.

So, if there is a problem, then government uses its club to fix it.... irrespective of its cost. In this case, its just for campaigning purposes for a socialist President.

The political risks of targeted mortgage subsidies | Keith Hennessey

New Poll Finds a Deep Distrust of Government - NYTimes.com

There is a good reason why Americans distrust their government.... it has failed miserably in delivering the Utopian promises that it has made. The government has bastardized the social contract and has inserted its greasy fingers in so many aspects of American life.

However, as the hard-left New York Times concludes from the poll, they see that the juvenile Occupy Wall Street protests, soak the rich tax policies and wealth redistribution are still very popular among too many Americans and these effete American socialist attitudes still infect American thinking. This just indicates to me that we are a long-long way from getting back on the path to prosperity and that things will probably get much worse before it gets better.

Self destructive socialist policies emanating from bad 1930's New Deal economic interventions have transformed the nation into a wide swath of entitlement babies where common people now think that others owe them a living. This will have to be reduced if the nation is to survive. They should never have existed but due to the demographics of the babyboom, the nation indulged in an orgy of socialism.

The best medicine for the nation is to completely eliminate much of the central government's economic intervention and return to a state where productive work, savings and investment is rewarded instead of punished. There will be suffering but this will be better than the suffering that will take place down the road if we continue on the path of deadening central government directed socialism.

New Poll Finds a Deep Distrust of Government - NYTimes.com

Steve Forbes on why Republican candidates are right to pursue a flat tax - NYPOST.com

The leviathan has for decades been sucking the blood out of the host. Now we have not just the right but also the responsibility to defang the beast. i hope that we eliminate the Byzantine world that Washington has created that purely serves its own narrow purposes. However, there are legitimate functions of government and this does have to be paid for. These kinds of plans are fine first step in allowing Americans to take back their nation.

Steve Forbes on why Republican candidates are right to pursue a flat tax - NYPOST.com

UPDATE 2-Vatican urges economic reforms, condemns collective greed | Reuters

More stupid thinking by the church that somehow thinks that governments and officials both elected and non-elected can manage what has been clearly completely beyond their control. Making pacts with the leviathan will only be self destructive and the church should focus on what their true functions are. This kind of stuff just makes me sad. Neo-liberal thinking has infected nearly everything and it promises to cost humanity a very high price.

UPDATE 2-Vatican urges economic reforms, condemns collective greed | Reuters

Who is Pat Condell?

This fellow is anti-religious atheist. So what is he doing strongly supporting Israel? Its due to the not-so-latent antisemitism that infects the European nihilist continent.

Longing for Belonging and the Lure of the State

Longing for Belonging and the Lure of the State

The Chart That Reveals Just How Much the Administration Misunderstood The State of The Economy | TheBlaze.com

The leviathan has again failed on delivering its promises. Why allow this nonsense to continue?

The Chart That Reveals Just How Much the Administration Misunderstood The State of The Economy | TheBlaze.com

Typical Democrat thinking.....

So if government is controlled by corporations, then government should be empowered to do whatever if damn well pleases with our lives. Its not just stupid, its self destructive. Welcome to the world of the hard left and mainstream Democratic party.

Not only has pancreatic cancer killed jobs but also the Obamessiah's Marxist economic policies.

The US today......

The most transparent administration in history.......

Oh well, when it comes to the cult of the Obamessiah, its all about him and not the nation.  The people are totally meaningless when it comes to creating the next socialist utopia.

Letter to Bloomberg ediorial department today.....

Bloomberg:

For many years, I have been somewhat concerned about the editorial tact that Bloomberg has been following.   I have noticed a kind of hard left injection of commentary that typifies the traditional media.

Honestly, due to this, I have lost confidence in Bloomberg's editorial stance and question the integrity of its content.

Now I have read this about a piece on the Koch brothers.  If this is true, you may as well join the New York Times editorial department or maybe this is what you aspire to.

http://www.powerlineblog.com/archives/2011/09/bloomberg-legitimate-news-story-or-liberal-smear.php

My hope is that one day American journalism will grow up.