• Capitalism
  • Deeper is not Better

    Over the past couple years Automatic Earth has become one of my favorite economic blogs and Ilgari’s Christmas Eve post is a good example of why I venture there daily. Ilgari makes the point that the past year’s economic developments were, essentially, about the transfer of private debt to the public. This picture just gets […]

  • Capitalism
  • Worth reading…

    It’s been awhile since I pointed folks to any of my favorite blogs and when I came across this quote over at the Automatic Earth I thought I’d remedy that. First, from this post at the above mentioned site: Joe Bageant has something to add to that picture: Speaking of motives, there are those who […]

  • Capitalism
  • Deepening Crisis

    Oh yes, I know that the stock market had an orgie of a day yesterday on the news of the schemes being cooked up by the Obama administration to deal with the toxic assets currently in the financial system. More of the same and it won’t work because it is a refusal to deal with […]

  • Capitalism
  • Abyss Indeed

    Exactly. In his latest post, The Abyss Stares Back James Kunstler writes: In the broad blogging margins of the web that orbit the mainstream media like the rings of Saturn, an awful lot of reasonable people have begun to ask whether President Obama is a stooge of whatever remains of Wall Street, with Citigroup and […]

  • Capitalism
  • Getting through this

    I thought I’d direct folks to this fantastic post at The Automatic Earth regarding the costs of homes in relation to personal income and the role of banks in removing wealth from our communities. Some interesting points there about the end of a functioning capitalist system as well as a sensible, community-based approach to dealing […]

  • Capitalism
  • Understanding the Greater Depression

    Want to get a better foundational understanding of the Greater Depression that we have now entered? Here are a few blogs I’d suggest you read every day or at least a few times a week. Sites which focus on the economic system specifically:Chris MartensonThe Automatic EarthThe Market Ticker Sites which discuss a broader range of […]

  • Capitalism
  • The Greatest Looting Operation in History

    As of now we all know that the bailout did not pass though it could still happen. Chris Martenson on the government bailout:The Greatest Looting Operation in History: Here we must face the hard truth that merely transferring the failed loans from the insolvent banks to an insolvent nation will do nothing but forestall the […]

  • Capitalism
  • The Injustice of an Absurd Bailout

    Vermont’s Independent Senator Bernie Sanders: While the middle class collapses, the richest people in this country have made out like bandits and have not had it so good since the 1920s. The top 0.1 percent now earn more money than the bottom 50 percent of Americans, and the top 1 percent own more wealth than […]

  • Capitalism
  • The Crash Course

    Want to know more about the current economic situation and coming Depression? Check out the Crash Course by Chirs Martenson. This is a fantastic series of flash video/slide presentations that explains money, inflation, and the economy. Watch it and share it. This guy does a really excellent job of presenting the history and the current […]