BTW, this has everything to do with ‘trickle-down’ Reaganism, which is about tax cuts and real suckers who believed Reagan even though they wound up working longer hours for less pay. Reagan also ruined education and got idiots saying things like “Obama and his super-rich, lying Democrats are Marxist rapists, and their single goal is wealth transfer and power.” Reagan was extremely RIGHTWING compared to them. Weird thing is that some dumbfucks still believe that Reagan had nothing to do with the financial crash, and that Bush had nothing to do with losing 2 wars.

In other words, someone is not going to get their loan paid back, owing to a “lack of liquidity.” Which means that a lot of people are going to lose jobs, and a lot of home owners, say, are going to get foreclosed, and a lot of banks who aren’t the Too-Big-To-Fail-Banks are going to be allowed to go under. This also means they’re going to crash the economy big time. Of course, the true elite doesn’t care. They’ve already broken ground on their new mansions in China, India, Brazil, Indonesia, Jordan, South Africa …. They aren’t actually Americans, after all. They aren’t anything but, well, rich! But the underlings might still raise some objections.

The alternative to this plan is for the elite to convert their dollars into something better — either another currency with an upside or into tangible assets — and let the dollar just drift off into the sunset, doing whatever, it doesn’t matter, it’s only a matter of time before it sinks, etc.

If a country is in trouble its essential sacrifices must come from the top down.And the “Wealth Worship” Society must be dismantled.

First, the eXile is truly fucking Progressive. The retard Senate Democrats aren’t. If you don’t think the eXile is Progressive, look up the definition, retard.

Second, an “anti-neocon sanctuary”? You don’t need a fucking sanctuary to hate the Neocons. Mention the name, “Cheney” in any society, and watch the bashing begin. “Anti-neocon sanctuary” is the most retarded thing I have heard. ROFL! LOLZORG!

Third, the eXile is rabidly anti-neocon and justly so. Check out all of their articles involving neocons. Ever noticed how neocons are always being bashed?

But you are right about one thing Carlito. The word “neocons” no long needs to be capitalized. Thank you for the entertainment. Please, come again.

LONDON (Reuters) – The U.S. Federal Reserve is studying the idea of borrowing from money market mutual funds as part of eventual steps to withdraw stimulus, the Financial Times reported on Thursday.

The Fed would borrow from the funds via reverse repurchase agreements involving some of the huge portfolio of mortgage-backed securities and U.S. Treasuries that it acquired as it fought the financial crisis, the newspaper reported, without citing any sources.
This would drain liquidity from the financial system, helping to avoid a burst of inflation as the economy recovered.

In Argentina when the factory owners and their capital fled overnight leaving the country bankrupt and leaderless, many of the factory employees eventually wandered back and started operating the factories again without resorting to resource hording or disastrous liquidation.

The collapse of private enterprise in the US will simply destroy parts of the country. There are industries in place to quickly liquidate and security in place to make sure big empty buildings stay empty and people don’t go back to work. It began with Reagan’s assurances that white people would be rich and the government would forever protect their white wealth from the blacks/hispanics/”ethnic whites”/unions/poor/drug addicts and that social outcomes to any group of people other than the white elite did not matter one iota. Your granny got cancer? Too fucking bad that you weren’t smart enough to concoct a Wall Street confidence game to get millions to pay for her treatment. The productive economy was replaced with sociopathic con games like leveraged buyouts.

Of course the sickest part is that these teabag/Ron Paul hard money types probably love this dollar draining even as it basically ensures their continued debt slavery until the day they die. The insurrection/rebellion/change or whatever you want to call it is going to be centered around this personal debt. This sort of system may have worked well in remote regions where people had to go to the company store, but among the hollowed out remnants of the middling class is going to come those with very little left to lose but their chains.

I don’t know if the current proto-police state is yet effective enough to start picking them off one by one, but I’d guess there’s a good five or ten years still to see which way this thing turns out.

I dunno. I have had some experience with various economics professionals from the academic world. Most were pretty forward about how their work is, not entirely unjustifiably, viewed as voodoo science. The Micro guys scoff at Macro as basically a debate club with few valid or reliable conclusions, while they themselves cling to their world of over-simplified (but at least mathematically quantifiable) models of human behavior.

For every person who sees this there are twenty Rays(@14) who can prove mathematically the top 1% must live like Ferdinand Marcos for the rest of us to live like the bottom feeders we are. It’s called Stockholm Syndrome.

Ames thinks that violence is the only chance. Perhaps he’s right. I think it’s too late. The Dark Age is here.

Everyone is taught to have a anti-deficit bias because they mistakenly assume a federal budget is the same as a household budget. Not so.

Educate yourselves here http://www.newamerica.net/publications/policy/fiscal_austerity_trap and here http://counterpunch.org/auerback09152009.html

I’m inclined to agree, but I’m not aware of any spirited or fun debunking of specific claims made by professors, on the macro or micro level, except maybe Nassim Taleb. I would like to read some. Most people can’t think originally, though. We have eunuch professors, unable to traduce speech codes and taboos, idiot hack journalists, and semi-talented “star” journo-explainers of the world, who are dangerously likely to gutter themselves into ideologies and ally themselves with coward publications.

Efforts to integrate evolutionary psychology into “behavioral” economics look farcical, in their current form. I’ve been exposed to economic professor-think a lot lately, for reasons I won’t get into, but the underlying tone of positivity is what’s most striking. It’s like reading reason.com. “Everything is in fact right with the world” is the overwhelming, underlying message of neoliberal/libertarian/economic think. Many principles they elucidate and understand are true-ish, but there’s a lot to rebut and contradict. It’s weird we automatically accept everything in a tin-pot dictatorship will be corrupt as fuck, but just not here! Market forces at work! GOOD!

The dying federal beast will lash out against the last pockets of productivity (farming, energy, transportation) and turn the country into one big prison grid.