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AIG Fallout Begins : “Dear AIG – I Quit!” March 25, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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The Obvious and Inevitable Begins

What do people do who have the weight of the world on their shoulders, are not paid, are threatened with death by piano wire, taxed at 90%, have limits put on their income, and suffer endless bus tours of their private residences filled with people that hate them?

Why they quit and go to democratic nations with free markets of course. Duh.

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UK Lines Up With US in Approaching International Stimulus Battle March 25, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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Old West vs New East?

What does Gordon Brown want in exchange for his compliance?

International regulation.

The times they are a changin’

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EU Strengthens Opposition to Obama Plan March 25, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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“Road to Hell”

The EU, backed by most other major holders of US debt, are getting pretty pissed about rescuing America at their expense.

The result could be a failure to coordinate world wide stimulus spending, which would collapse the American dollar, and cause nations holding trillions in American debt to both dump the USD, and move to a more internationally stable financial regime.

Let loose the dollars of war?

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Russia: Auto Meltdown Goes Global March 17, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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Ford Collapses, All Others Follow

Regional auto bailouts appear pointless as the heartbeat of America enters cardiac arrest

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Meltdown : Or How I Learned to Stop Worrying and Embrace The Debt March 8, 2009

Posted by aetiusromulous in Commentary, Economics, news, politics.
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ar-logo1America is in debt because it wants to be. Unlike any other country in the world, America has believed for a generation that its Debt was the fountainhead of its power, the source of its wealth and excess. America has deliberately and with full intent run deficits and financed them through debt, a veritable ATM of cash with which it buys its Economic Hegemony, and makes payments on its future. It’s hard to solve a problem that isn’t one, to the blind that will not see.    

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Shock and Awe in Mudville March 4, 2009

Posted by aetiusromulous in Commentary, Uncategorized.
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ar-logo1Naomi Kline, in her seminal book “Shock Doctrine”, proffered that in times of crisis, when the attention of its citizens is narrowly focused on a crushing event of national scope, a state will often use that event to push through a series of policies it may not otherwise be able to. While nobody really cares at the moment, momentous changes are made wilfully, and with no small kind of malice towards democracy.

The most infamous example would be Iraq of course, when a small set of evil American ideologues launched a shocked American public into endless awe under the guise of 9/11. By the time democracy awoke, the irreversible deed had been done – and done in a fashion a true democracy would never have otherwise accepted.

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Jim Cramer : What About The Facts? March 4, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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Revenge Of The Talk Show Nerds

Wall Street is Main Street.

Just that everybody is being evicted from Main Street.

An Issue of relativity I suppose.

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Russia Buys Increasing Amounts of US Debt March 4, 2009

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Lenin’s Revenge – Communists Buy Bargain Bin Capitalism

While the US pours money into military “defence”…

…global competitors buy US military. And everything else.

Who won the Cold War?

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Manufacturing : What Manufacturing? March 3, 2009

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“Things Are Not Getting Worse as Fast as They Were…”

Good news. Sort of.

Maybe not.

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Budget Economics 101: The Essence of Life is Junk February 26, 2009

Posted by aetiusromulous in Commentary, news, politics, Uncategorized.
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the-scream-commentsIt seems rather odd that the battle lines are taking shape over a one trillion dollar tax increase on very wealthy people, which doesn’t come into effect until 2011, is spread over a decade, and does nothing more than reset to levels the country lived quite happily with for years. Despite all the fire and brimstone, the long-term effects will be negligible to those who will pay, but historic to those who don’t.

The principle argument appears to be, that adding a few percentage points of tax redistribution to someone earning stratospheric amounts of false wealth will somehow collapse the economy of the free world. Which is just silly talk. After all, has not the economy already collapsed, and under the aegis of the system currently in place? If the argument is that lower taxes for the top 5% spurs investment and jobs, one would expect that to be happening now. But it’s not, nor has it.

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