This video may blow your mind, the best illustration of the post Crash bailouts I’ve ever seen

This is from 2011 when the wounds of the Crash were still fresh.

Now we’ve been conditioned. Time has passed and the banks want you to forget what happened and the dull economic pain which still dogs the world.*

We at ACC will never forget.

At the end of this video is a very short ad for someone who was running for Congress. We do not endorse candidates ever. We don’t know who this person is.

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The Anti-Pot Editorial That Cost $140 Million (Paid for by someone who made his money in CASINOS)

 

I do not understand how people can continue to justify pot prohibition these days. Check that, I can understand it if one has links to the DEA, the drug treatment complex, drug dealers, police unions, drug cartel money launderers, or the pharmaceutical industry. All of these groups want cannabis prohibition to continue because illegal pot means money in their pockets. Or perhaps it’s just flat out ignorance. I suppose that still exists.

Cannabis is the most docile of drugs.

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The Keynesian Blessing: Americans Are Broke

Americans are debt addicts. They love to spend. The politicians love to spend. Everyday Americans love to spend. Spend, spend, spend. And we wonder why many things, our society even, feels so cheap.

People live on credit. They finance cars, houses, vacation – cell phones – think about that – PHONES. They don’t save.

And why should they? They get nothing for saving. There’s literally no real return on socking money away in a bank these days.

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(YIKES) US created 38,000 jobs in May vs. 162,000 expected “There’s one word for it, which is just shocking,”

I was listening to Bloomberg this morning in the car and this kind of number was certainly not on the table for the economists and money managers they had on for the breakfast show. (At least the ones I heard.)

38,000 huh? And these numbers of late have been particularly subject to downward revision over time. This is a significant blow and may put a lot of the economic world back on the heightened state of alert we saw at the beginning of the year as stocks dipped seriously.

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What CEOs Should Be Saying About Inequality

Is inequality bad? It is assumed that it is for some reason. And to the degree that it is caused by the already powerful gaming the system it is absolutely a problem and one we examine closely here. (That the big banks have access to the Fed window and that the Fed backstops the bankers is a good example of unjust inequality of wealth.) But what of an inventor who made the world a better place? Should a person or company who cures cancer for instance feel bad in any way about the vast sums which would likely follow such a cure?

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Big (Data) Brother Cometh: Beijing tracks the elderly as they take buses, go shopping

This might look like a mess to you and me. But for the right algorithm the data is clear as day.

It’s not just the elderly and it’s not just the Chinese.

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For First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18- to 34-Year-Olds

Well, some people want the US to be more like Europe. So congrats. In Italy for instance it’s perfectly natural for 30 year old Giuseppe to live off of his parents. That’s the expectation in many cases and it is a reflection not only of a culture but of a poorer society and a less dynamic middle class.

That our president has promoted the below kind of post adolescent adolescence isn’t helpful either.

(From Pew Research)

In addition,

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The Anger of the Unprivileged Is Rising Globally

This goes nicely with the previous post.

People are waking up. They are using the information at their disposal. Do not take this information for granted.

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Will the cronies lose? Will Britain vote for Brexit? Will the UK leave the European Union? Will sanity win?

Lord, we certainly hope so. Britain should run at a deliberate pace away from Brussels and never look back. Never look back.

Be friendly with Europe. Do business with Europe, (they want to do business with you) but know that you are better Britain, our friend, as a sovereign state.

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America: A Nation of Idiots (?)

I added the question mark to the headline.

I have to say that we do some pretty stupid things. We vote for people who take away our rights, who lie straight faced to us. We continue to prop a banking system which plays us for, well, idiots. We continue to let a political class act as it wishes even as it gives the rest of America the finger. We allow wars to be waged in distant places at great cost to life,

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