Monday, December 9, 2013
Wednesday, November 13, 2013
Saturday, September 28, 2013
Thursday, June 6, 2013
Without doubt the scandals that currently rock the Obama Administration will be with us for a while. The polarity of opinions and the submersion of honest debate reflects a real loss of respect, an essential American characteristic. While I am sick over the destruction of basic American liberties by our leaders, I am equally sick at how our society is not enraged over the injustices of both parties for the last decade.
It stems from a loss of belief in truth. Sometime ago we decided that the truth was what you make it. If you applied enough marketing and spin, you could create your own truth, and with that, we have created our current environment. A "What does it Matter?" mentality.
We really don't know what the truth is about the IRS, Benghazi, the government budget, Julian Assange, and I'm afraid we never will. Our future decisions will be made on a basis of mood measurement, and what leaders think they can get away with. Its really a game of snooker - no one plays to win, they play to make the other guy lose.
The truth is what matters, and until we return to that basic human requirement we will live in discontent.
Tuesday, April 17, 2012
Tuesday, April 10, 2012
In the Great Depression, high finance and other investors lost fortunes (paper fortunes, to be sure) as stock market and real estate prices plunged and debtors defaulted. But there was a silver lining. The liquidations of wealth wiped out debts. This freed the economy from interest and principal obligations, enabling recovery to take place. But unlike the case in the 1930s, today’s 1% are unwilling to absorb a loss. They have used government agencies originally created to regulate high finance to enforce harsh creditor terms and make the economy’s nonfinancial sectors absorb the losses, partly by foreclosure and partly by taking bad debts onto the government’s balance sheet (“taxpayers”). As a bonus, banks (most notoriously Bank of America) and A.I.G. received long-term tax credits that render them largely tax-free institutions.