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Ron Paul for President in 2012 April 2, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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Ron Paul Announces 2012 Presidential Run

Yay!

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Main Site: ScreamBucket.Com

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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 Treasury Sale Fail: Nobody To Buy The Debt March 25, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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Obama Stimulus Plan Crashes Into Reality

The only way to put money into the system – QE, “Quantitative Easing” – is to sell debt for cash. The UK appears to be the only large industrial nation willing to support that route, however it has failed today to realize on the action as it’s treasury auction failed to attract interest.

The Obama plan depends on the worlds sovereign funds and investors to buy it’s treasuries, and this is the first stark sign that it may not go as planned.

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AIG : In Defence of Fallen Heroes March 24, 2009

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Americans Fiddle, While America Burns.

Here’s the thing.

The American financial system has been doing this sort of thing since its inception. There were a few collapses along its 125-year history, and once in a while regulation was imposed as a reaction to events. Once the crisis receded from memory, regulation was relaxed and off it all went again. De-regulation is the status quo, the natural state of the Wall Street mojo. Regulation free cowboy finance built America…for whatever that is worth.


While the big guns of Wall Street were shooting up the corral, the lifestyle of the average American rose in their wake. Financial shenanigans fuelled the great consumer society. Absolutely no homeowner in America was calling for anybodies head when the value of their own main asset was riding the wave along with them. These guys were heroes and it is with no small irony these “contracts” were signed back in those, good old days.

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AIG Debacle : Mistrust and Anger Derail Hope of Salvation March 22, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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America Fiddles While Rome Burns

Underneath the thin vernier of populism, banking system melts away.

Careful what you wish for….

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US Business Schools : We Don’t Know What We’re Teaching March 20, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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And We Don’t Know Why

US business schools cranked out thousands of spoiled brats who learned how to game the system, defeat capitalism, and get all the money, sex, and coke any 25 year old Harvard man can handle for, the work.

They are thinking that might have been a bad edumacation now.

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American Federal Reserve Closes Its Eyes, and Pulls the Trigger March 20, 2009

Posted by aetiusromulous in Economics, news, politics, Video, YouTube.
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US Dollar Under Assault

The American Federal Reserve Bank has, in a dramatic and radical move this week, put the spectre of inflation back on the table.

Printing over one trillion dollars in American greenbacks is the only approach left to the Fed, and it is taking a tremendous risk that the other major Reserve Banks of the world will follow suit in order to keep the “value” of the US dollar relative to all the others. Without this delicate equilibrium of all reserve banks acting together, the US dollar – the worlds reserve currency – will become diluted alone, causing a collapse against foreign currencies.

A falling USD has tremendous implications for a world pegged to it in every way, with uncontrolled inflation the main horror. While the USD has indeed succumbed to pressure already, billions and billions of dollars worth of wealth around the world is getting nervous, denominated as it is in shrinking American money. Already currencies of nations with strong natural wealth, “commodity currencies”,  are beginning to attract some of this money, which represents a loss of faith in the US economy and the Feds ability to contain the maelstrom. 



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Free Markets Are Not Rational March 18, 2009

Posted by aetiusromulous in Commentary, Economics, news, politics.
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ar-logo1The markets are rational. From that inviolate truth, a pillar of economic thought for 233 years, flows all else economics understands about the markets, men, and money. An unalterable belief that markets can be measured, quantified, cut, and pasted in mute acceptance that under it all, lays the consistent and undeniable force of rational behaviour, a religion gone unquestioned.

The theory of rational markets – that buyers and sellers will always act in their best interests – was given life by Adam Smith in his Wealth of Nations in 1776. Born into a moment between ages, the new study of economics grew and developed with its gospel already written and sanctified. Economics became nothing more than competing studies that tried to squeeze the maximum utility out of the blandness of rational, human behaviour. The competition reached a turning point at the end of two brutal wars and an economic depression that sent buildings full of newly minted economists running for their slide rules.

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Peter Schiff : Of Course We’re Screwed, Duh! March 17, 2009

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Maybe He’s Wrong This Time?

Austrian Scholars Conference, Ludwig von Mises Institute, 13 March 2009.

Either way, he is fighting a losing battle.

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Central Banks Dither in Confusion and Fear March 17, 2009

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Fractured International Finance System Its Own Worst Enemy

Poor coordination, political agendas, virtually no idea about what to do.

“Raging debates” amongst economists torpedo action while everybody races to the bow of the the listing ship of capitalism.

Titanic confusion?

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