An interesting battle is shaping up between what I call the “Eggs” and the “Idiots.” The significance of the terms and which team you are on will become clear shortly. American Thinker discussed the intelligence of President Obama and concluded: As far as Barack Obama being smart as a whip [...]

From Consent of the Governed: I have two articles of interest to share with you – especially if you have some sort of nest egg. First off - Congress and Obama want your 401 (k)s and IRAs It’s in the works kids…. you’ve been saving and investing for years and now [...]

Just after posting the “Alan Greenspan – Hypocrite” piece, I came across a post that I believe puts Greenspan’s morality in context. Indeed, it puts most politician’s into perspective. How many times have we elected someone who goes into Washington as a “good man” and then changes to become just [...]

It was a lazy afternoon.  At least it was until I came across a blog by Mish. There was little in the post that I didn’t know or suspect, but this quote triggered a reaction: “It hides the economic substance of what’s really happening—an unlimited taxpayer bailout.” William Black, a [...]

Two immediate responses on the previous post regarding Rome are worthy of special attention. The first by Charles Anderson from whose excellent website The Objectivist Individualist most of the material was obtained. [Correction: The original material was from 20smoney.com ]  Mr. Anderson replied: Few Americans know enough history to be [...]

The Constitution, once the operating system of the government, can fit in your pocket. Legislation used to be short and to the point. Now it is so larded down with special interest favors that one is apt to injure one’s back just by lifting it. The length of legislation has [...]

How do we solve our immense problem? No, not the economic problem, THE GOVERNMENT PROBLEM. Solve the government problem properly and there will be no more economic crises. NONE! PERIOD! Ron Holland defines part of the problem thusly: The Washington federal government can never pay off the massive $100 trillion [...]

Einstein defined insanity one way, Gingrich defines it another. The following is so simply stated that it is difficult not to agree with it. Despite all of this, I don’t feel much more comfortable with the other group of statists (Republicans) in charge. The system became so corrupted that it [...]

If there is nothing else you read this year, read this from American Spectator. It is about the Ruling Class versus the rest of us. It is a long read, but it will provide great reward and understanding for those who do read it. It will explain much of what [...]

A MUST WATCH China is more desirable for business than the U.S. Sure they have potentially huge markets. But that is not the point of this piece. They are more desirable because they are more stable and less uncertain. The political and legal stability of China now is judged to [...]

Too many Americans are ignorant of the past and consequently ignorant of the present and future. They take for granted our prosperity and way of life without ever thinking about or understanding how it was achieved. To them, the present is what it is. It was always that way and always [...]

The mathematics of getting out of the hole we are in are impossible as pointed out many times in posts here. Now, Karl Denninger bluntly deals with the numbers. The issue of Social Security dominates the first part of his post. However, that is a relatively small part of the [...]

Macroeconomics does not work for a multitude of reasons. First and foremost is that it does not pick up the “changes” at the microeconomic level. That is, it does not deal with changes in incentives and disincentives that individual decision-makers like business owners, consumers and investors use to fashion their [...]

Friedrich Hayek’s classic book should be read by every high school student in the country. If you haven’t read it, enlighten yourself with what is happening to the US today, 66 years after Hayek wrote the book. Based on sales at Amazon, many people are catching up on what they [...]

The end of democratic socialism is at hand. The welfare states of the US and Europe are financially out of control, spent and unsustainable. They have reached the point that Margaret Thatcher defined as the end of socialism: they have run out of other people’s money. These areas of the [...]

Dylan Ratigan is one of the few journalist/TV commentators that understands what is going on. More importantly, he has the courage to be outspoken and call out those responsible. Apparently that was unsatisfactory for CNBC in their continuing role to tout markets. Kudos to MSNBC (they don’t get much for [...]

Ron Paul discusses the European problems, the US problems and the Fed on CNBC. CNBC was obviously not happy with his realistic assessment of the economic problems. It certainly doesn’t fit their typical “tout” the markets and the recovery. Our Destructive Central BankThe Fed is a Hazard to Your Wealth [...]

The article below is long and worth reading. It captures much of what many Americans now feel about their country. It is well-referenced with historical quotes that indicate the fears and prescience of our ancestors. Much of the knowledge that preceded us has been lost, seemingly displaced by the mass [...]

The following was received via email from a friend. If you are removed from Arizona, it is difficult to get an honest picture of what is happening. While I am not sure the following is honest (no reason to believe it is not), it provides a different side of the [...]

“Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master.” George Washington The War on Drugs is just another failed government program. Yet it continues with little to no regard to the Constitution. It certainly has not been [...]

“If the public does learn more, they will be outraged more.” The Federal Reserve is under fire and deservedly so. This film lays out the issues and the unconstrained, irresponsible behavior of the Fed. It is a private bank with no elected officials and accountable to no one. It is [...]

Bill Black provides straightforward, no-nonsense testimony to the House Financial Services Committee. For anyone that believes that the financial system is honest and not corrupt, please watch this short video. [youtube]http://www.youtube.com/watch?v=3-HTylLzXu8&feature=player_embedded#![/youtube] More of Washington’s CharadeBernanke Bears the Brunt of the Jokes This WeekThe Fed Can’t Do It, But That Doesn’t [...]

Just as the major banks report super earnings, Richard Koo issues his report on their condition. If banks were required to keep honest books and mark their assets to market, there would be no earnings and both the finance and real estate industries would collapse. As described by Zerohedge: Richard [...]

“Anarchy plus a constable” was Thomas Carlyle’s description of classical liberalism. Gerald O’Driscoll in an “An Economy of Liars” in the Wall Street Journal discussed the breakdown of honesty and ethics and related it to the current financial crisis. One of O’Driscoll’s points  dealt with laws versus ethics. Others have [...]