• 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
  • 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 […]

  • Citizenship
  • This small town

    I spent many days every summer at the lake. When we weren’t fishing or in the woods we would sometimes take a ride into Fredericktown. Not my hometown but I feel connected to it more than any other Missouri town. Now that I’ve moved to the lake I’m making new memories that blur and blend […]

  • 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 […]