The world can’t afford another financial crash – it could destroy capitalism as we know it

capitalismo

This is an issue which we need to revisit soon, and we will at greater length. And there is is some validity to this fear.

First, the Crash of 2008 was a crash caused by central planning. It was the Federal Reserve which created the necessary climate for the Crash. The planners screwed up royally. They kept interest rates too low for too long and everyone came to believe that there was a “Greenspan Put”

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The Dawn of Killer Robots (Full Length Video)

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Tax funded terminators.

Warfare is changing very quickly. It will influence policing and all sorts of other things also.

Fundamentally robots are just tools, very sophisticated tools, but tools. The technology can be used for both good and bad.

However, it’s probably best to pay close attention to developments in this space.

Below is a video from VICE which explores where all this is going.

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“The largest macro imbalance the world has ever seen.”: China banks may lose 5 times US banks’ subprime losses in credit crisis

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Consider that according to Bass (one of the few investors to win big during the last recession) the exposure of Chinese banks (and others) to their domestic property bubble is 5 times that of US banks during our recent bubble. China’s economy is still 2nd to the American in terms of size. Consider the impact of a property bubble 5 times the size of ours in an economy which is smaller than ours. Consider also that China is run by a Communist Party which is very keen on staying in power and has a history of using extraordinary force in times of crisis.

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What Clinton said in her paid speeches, ‘She sounded more like a Goldman Sachs managing director.’

Hillary and former Goldman Sachs CEO and disgraced financier John Corzine. Photo: Truthdig
Hillary and former Goldman Sachs CEO and disgraced financier John Corzine. Photo: Truthdig

The speeches are starting to leak out. I wonder what she said when she addressed other banks? I wonder what Bill Clinton said in his speeches? That would be pretty interesting.

Hillary and Robert Rubin. Former Co-Chairman of Goldman Sachs
Hillary and Robert Rubin. Former Co-Chairman of Goldman Sachs  Photo:Commondreams.org
Hillary and Lloyd Blankfein, current CEO of Goldman Sachs
Hillary and Lloyd Blankfein, current CEO of Goldman Sachs

 

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A president who is truly out of touch: With the economy declining – possible worldwide recession, Obama wants huge new taxes on fuel

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We like “green” energy. The water in my childhood home in the 80s was heated by solar panels. We like wind, and the rest. But we like it within the market.

Green energy can exist within the market despite what many people believe. In a world of 6 billion people and growing there is absolutely a market for cleaner energy sources. In many parts of the world solar particularly makes sense on micro levels.

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Here’s How Much More Money Obama Wants For Global Warming Programs

Believe it or not I actually attended this rally as an observer. I marched along with everyone and everything. It was literally the coldest day of the winter which was kind of funny.
Believe it or not I actually attended this rally as an observer. I marched along with everyone and everything. It was literally the coldest day of the winter which was kind of funny.

This is not the venue to discuss global warming, or climate change, or whatever. I have friends in the environmental movement for whom climate change is an important issue and one they take very seriously. I have been fortunate to hear their perspectives over the years and they have informed me on the issue.

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Ouch: Flint water crisis: residents say Hillary Clinton ‘coming for the entertainment’

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I am sure Ms. Clinton will be focusing on the fact that the EPA knew that there was lead in Flint’s water for 1 full YEAR without making the information public. I’m am also sure she’ll be calling for massive reforms at the agency and exploring fully how it could be that the federal government allowed thousands to be poisoned. Almost positive that will be her area of attention.

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4.9 Percent Unemployment Can’t Be True Amid 15 Percent Food Stamp Participation Rate

Animal spirits in the Year of the Monkey?
Animal spirits in the Year of the Monkey?

Most of our readers will probably agree with this statement. Let’s face it, the “jobs number” is arguably the most politically massaged economic number there is. There have long been questions about its validity but now with the rate at an extremely low 4.9% the number just feels absurd.

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