Bailing Out Freddie and Fannie
This is a regulatory function of the modern bureacratic political economy.
Despite the conventional wisdom, it is not a function of substituting, or correcting, for market failure. The market did not fail. It was not allowed to operate by regulatory authority in priority. Rather, regulatory authority was designed and acted to allow for consolidation of capital and markets that defeats the collective wisdom and practical utility of pluralistic processes, like a free and unconsolidated marketplace, toward an easily manageable, predictable, and legitimately self-correcting fundament of economic theory and practice.
If regulatory authority does not ensure pluralistic processes in priority, the result is a complex of economic techniques that further alienate the fundamentals from the problem. The result is an economy that is operating with a false self-correcting operational mechanism and legitimacy that creates a reliance on technocratic management of the crisis it creates, which is what is wrong with it.
This kind of economic modeling (elitist modeling) requires central management and control--a command economy.
The very people that denounce socialism and communism as command control of economy have created it for you and argue that it is the result of free market economics. It is a fraud. It is the model of corporate fascism in operation in which a few plutocrats fancy themselves the supra sovereigns of society. They are the criminal element, a few of whom are in the process of being prosecuted, like Broadcom executives, but that is not sufficient. These are just well-paid lieutenants of the fascist form of power.
It is the model that needs to be changed: from corporate elitism to corporate pluralism in which the free market mechanism is truly and legitimately operating to produce the public good, which will be a genuine supply-side economics that renders the demand-side economics (an economics of deprivation) we have now a crude conceit of consolidated corporate power and corruption.
The McCain camp is not the agent for this change.
We need change that genuinely fulfills the requirement for legitimate pluralistic processes that make for a world in which the collective wisdom is allowed to operate with the predictable patterns of peace and prosperity, and not the tyranical machinations of a conceited, consolidated corporate always innovating new ways of creating classic economic crisis and ways to manage it. McCain is just an element, presented as an unwilling tool, of this innovation.
The McCain camp is a continuation of the fraud.
Real, much-needed change is found with Obama and Biden.
If you vote Republican, you vote for the means of your deprivation.
Tuesday, September 9, 2008
Friday, September 5, 2008
Expecting the Unexpected
Mainstream economists--those that get access to major media outlets--seem to always be on the unexpected side of the analytics.
Inventories are unexpected.
Unemployment is unexpected.
Liquidity crisis is unexpected.
The list is long for the unexpected.
The credibility is effectively zero! Even NOAA does better than that predicting cylonic activity. They at least have a "cone of uncertainty." The bought-and-paid for economists we apparently have to rely on for readily accessible information operate with 100 percent reliability--complete uncertainty!
This means that if you are not a highly skilled technical analyst of the highest order, the reliable information you need to make political and economic decisions is effectively unavailable. It is antithetical to a free market legitimacy in which information may never be perfect, but should not be completely imperfect either and, therefore, exclusive to anyone that does not have the over-consolidated capital to dictate the movement of prices and markets. This means that decisions can only be reliably made with inside information which, if you work financials, is illegal.
Alan Greenspan says, in his most recent critique on the management of the economy, that no technical analyst "expects" something like a liquidity crisis involving over-sized financial institutions to be regulated by a free market mechanism. (That's like a mechanic telling you that your car overheats because it doesn't have a cooling system.)
Problem: inadequate free market mechanism.
Solution: add the free market mechanism.
This is not Greenspan's solution. No. He proffers a super-ego regulatory authority that allows for the consolidation of capital that causes the problem (the car without the cooling sustem). Brilliant!
Its time to deny political access to power plutocrats and their technocratic cronies that deny a practical free-market mechanism that allows for the full effect of a legitimate collective wisdom without the expense, restraints, and arbitrations of government authority.
Contrary to what technocrats like Greenspan say, a free and unconsolidated marketplace ensured by the operation of government authority in priority, ensuring minimal tax liability and regulation while maximizing freedom of choice, as Adam Smith prescribed it, is entirely possible with the benefit to the public good fully expected.
It's time for a pragmatic pluralism that ensures our peace and prosperity; something we KNOW works (a free market mechanism) replacing what we KNOW does not (consolidation of capital, industry, and markets).
Obama/Biden 2008!
Very best wishes.
Inventories are unexpected.
Unemployment is unexpected.
Liquidity crisis is unexpected.
The list is long for the unexpected.
The credibility is effectively zero! Even NOAA does better than that predicting cylonic activity. They at least have a "cone of uncertainty." The bought-and-paid for economists we apparently have to rely on for readily accessible information operate with 100 percent reliability--complete uncertainty!
This means that if you are not a highly skilled technical analyst of the highest order, the reliable information you need to make political and economic decisions is effectively unavailable. It is antithetical to a free market legitimacy in which information may never be perfect, but should not be completely imperfect either and, therefore, exclusive to anyone that does not have the over-consolidated capital to dictate the movement of prices and markets. This means that decisions can only be reliably made with inside information which, if you work financials, is illegal.
Alan Greenspan says, in his most recent critique on the management of the economy, that no technical analyst "expects" something like a liquidity crisis involving over-sized financial institutions to be regulated by a free market mechanism. (That's like a mechanic telling you that your car overheats because it doesn't have a cooling system.)
Problem: inadequate free market mechanism.
Solution: add the free market mechanism.
This is not Greenspan's solution. No. He proffers a super-ego regulatory authority that allows for the consolidation of capital that causes the problem (the car without the cooling sustem). Brilliant!
Its time to deny political access to power plutocrats and their technocratic cronies that deny a practical free-market mechanism that allows for the full effect of a legitimate collective wisdom without the expense, restraints, and arbitrations of government authority.
Contrary to what technocrats like Greenspan say, a free and unconsolidated marketplace ensured by the operation of government authority in priority, ensuring minimal tax liability and regulation while maximizing freedom of choice, as Adam Smith prescribed it, is entirely possible with the benefit to the public good fully expected.
It's time for a pragmatic pluralism that ensures our peace and prosperity; something we KNOW works (a free market mechanism) replacing what we KNOW does not (consolidation of capital, industry, and markets).
Obama/Biden 2008!
Very best wishes.
The McCain Fallacy
McCain, the Republican Party, and favorable analysts are trying to comvince voters that McCain is not Bush.
McCain is being argued "independent" while advocating the Republican platform--continuing the Republican policies and programs that have been extremely harmful to the vast majority.
It is a trick, a ruse, a fraud. It is the product of deliberate rhetorical fallacy in which the man, McCain, clearly not Bush, is falsely argued as meaning he does not accept Bush's policies. Following this line of reasoning to its logical conclusion: voting for McCain is "good change" that is not change at all.
Accepting this argument is pure idiocy. It insults the voter's intelligence, the vast majority of whom, according to the elitist mentality of Republicans, are stupid enough to fall for it. The argument is more confirmation that the Republican Party's rhetoric is a reliable fraud, and committing the fraud and getting away with it is the pride, the acceptable privilege, to be expected of the party's elite and its incorporates.
Mr. Abermoff is a party incorporate stupid enough with self interest to take a fall for the party's general practices. Convicted of fraud and corrupt practices, he is now asking for leniency by cooperating to prosecute other Republican partisans whose rhetoric for accessing power was, as the McCain campaign advocates, to put public service before self while, at the same time, ridiculing Obama's community organizing as not indicative of leadership quality.
If McCain is elected, the Republican policies that have caused great harm to the vast majotity of Americans will continue, and get worse!
Change is clearly needed and, logically, and in every case evidently, that is not a vote for John Mcain and the Republican Party.
Very best wishes.
McCain is being argued "independent" while advocating the Republican platform--continuing the Republican policies and programs that have been extremely harmful to the vast majority.
It is a trick, a ruse, a fraud. It is the product of deliberate rhetorical fallacy in which the man, McCain, clearly not Bush, is falsely argued as meaning he does not accept Bush's policies. Following this line of reasoning to its logical conclusion: voting for McCain is "good change" that is not change at all.
Accepting this argument is pure idiocy. It insults the voter's intelligence, the vast majority of whom, according to the elitist mentality of Republicans, are stupid enough to fall for it. The argument is more confirmation that the Republican Party's rhetoric is a reliable fraud, and committing the fraud and getting away with it is the pride, the acceptable privilege, to be expected of the party's elite and its incorporates.
Mr. Abermoff is a party incorporate stupid enough with self interest to take a fall for the party's general practices. Convicted of fraud and corrupt practices, he is now asking for leniency by cooperating to prosecute other Republican partisans whose rhetoric for accessing power was, as the McCain campaign advocates, to put public service before self while, at the same time, ridiculing Obama's community organizing as not indicative of leadership quality.
If McCain is elected, the Republican policies that have caused great harm to the vast majotity of Americans will continue, and get worse!
Change is clearly needed and, logically, and in every case evidently, that is not a vote for John Mcain and the Republican Party.
Very best wishes.
Thursday, September 4, 2008
The Republican National Convention
Interesting how the apparent strategy of the Republican party is to look like it is not Republican.
Full of political falderol and deceitful rhetoric, the convention was especially unconvincing beyond the true believer. The evidence for the failure of Republican programs and policies since the realignment of '94 is so completely overwhelming, the Republican brand has no choice but to disassociate with itself.
Partisan alignment of our nation has been a tragedy punctuated with this political farce.
I much prefer the patriotism of pragmatic solutions over partisan processes of reinventing the problem with the rhetoric of reform.
Obama/Biden 2008!
Very best wishes.
Full of political falderol and deceitful rhetoric, the convention was especially unconvincing beyond the true believer. The evidence for the failure of Republican programs and policies since the realignment of '94 is so completely overwhelming, the Republican brand has no choice but to disassociate with itself.
Partisan alignment of our nation has been a tragedy punctuated with this political farce.
I much prefer the patriotism of pragmatic solutions over partisan processes of reinventing the problem with the rhetoric of reform.
Obama/Biden 2008!
Very best wishes.
Fed Report on Business Conditions
The Fed confirmed the economy is in a persistent state of stagflation as independent observers readily predicted from the outset of the Bush tax cuts and the Fed always supported as sound economic policy.
Identifying the determinants and recognizing the indicators for a stagflationary trend is to admit that the Bush tax cuts (trickle-down economics, or more recently known as Reaganomics) does not work even with a multi-billion dollar stimulus package. The evidence is overwhelmingly negative, yet the speeches at the Republican National Convention were strong positive on continuing the Bush tax cuts.
The convention speeches did not mention how the highly regressive tax code resulted in a huge budget deficit and stagflation, just like when it was called Reaganomics.
For conservatives, this is not a case of making the same mistake over and over again, but a successful means of cycling the political economy from contraction (accumulation) to expansion (distribution) of wealth.
An Obama executive will hasten the distribution phase of the cycle, producing wealth to be later consolidated in the accumulation phase of the cycle.
The Hamiltonian model of political economy (Reaganomics--the Bush/McCain tax scheme) does not allow the vast majority of Americans to keep the wealth they create, but consolidates it through a regressive tax code and consolidation of industry and markets.
The allowed consolidation of indistry and markets creates a demnad for government which is financed with a regressive tax burden, keeping the rich rich and the poor poor in an endless cycle of boom and bust, or the business cycle. The Fed's report today confirms the highly predictable, but preventable, phase of the cycle that is completely dependant on the tax code and the amount of allowable pluralism in the marketplace.
Progress the tax code, deconsolidate the capital and markets and the phenomenon of the Republican National Convention will be limited to a sociological farce without the possibility of political practicality.
If you want economic stability and a prosperity that is a personal financial security beyond the top one-to-ten percent class of incomes...let the majority rule!
Join the coalition for Obama/Biden 2008!
Very best wishes.
Identifying the determinants and recognizing the indicators for a stagflationary trend is to admit that the Bush tax cuts (trickle-down economics, or more recently known as Reaganomics) does not work even with a multi-billion dollar stimulus package. The evidence is overwhelmingly negative, yet the speeches at the Republican National Convention were strong positive on continuing the Bush tax cuts.
The convention speeches did not mention how the highly regressive tax code resulted in a huge budget deficit and stagflation, just like when it was called Reaganomics.
For conservatives, this is not a case of making the same mistake over and over again, but a successful means of cycling the political economy from contraction (accumulation) to expansion (distribution) of wealth.
An Obama executive will hasten the distribution phase of the cycle, producing wealth to be later consolidated in the accumulation phase of the cycle.
The Hamiltonian model of political economy (Reaganomics--the Bush/McCain tax scheme) does not allow the vast majority of Americans to keep the wealth they create, but consolidates it through a regressive tax code and consolidation of industry and markets.
The allowed consolidation of indistry and markets creates a demnad for government which is financed with a regressive tax burden, keeping the rich rich and the poor poor in an endless cycle of boom and bust, or the business cycle. The Fed's report today confirms the highly predictable, but preventable, phase of the cycle that is completely dependant on the tax code and the amount of allowable pluralism in the marketplace.
Progress the tax code, deconsolidate the capital and markets and the phenomenon of the Republican National Convention will be limited to a sociological farce without the possibility of political practicality.
If you want economic stability and a prosperity that is a personal financial security beyond the top one-to-ten percent class of incomes...let the majority rule!
Join the coalition for Obama/Biden 2008!
Very best wishes.
Wednesday, September 3, 2008
Free Trade and the Weak Dollar
Free trade agreements, touted as a way to create jobs and economic growth for Americans by both Democrats and Republicans, has failed its legitimacy, its promise, of providing for the common good.
The top one percent of incomes have been the larger beneficiaries of the free trade agreements, just as political party and corporate elites designed it. The result, combined with the peak demand for energy and materials (commodities prices), has been a consolidation of wealth in the US not seen since before the Great Depression. The sub-optimal, mal-distribution, of income is THE indicator of economic health that the advocats of free trade will not correlate with the practical effect of the agreements.
For example, the Fed recently warned of the classic bugbear of consolidation of capital and markets--the impending deflation of emerging markets that the free trade agreements are supposed to prevent. Instead, the agreements have caused a global deflationary trend marked by, as the Fed descibes it, a tendency to overextend credit (a deficiency of income distribution that is over-consolidation of capital) that will result in the classic liquidity crisis.
Communist China is fixing to find out what being capitalist really means as the corporate elite of the global economy (the top one percent of incomes) utilizes the classic means of consolidating the wealth and power. China will be learning, as Adam Smith prescribed, what it means to ensure pluralism in priority--to not allow for consolidation and the liquidity crisis that results.
The free trade agreements are a pluralistic fraud. The evidence, confirmed by the recent Fed warning about the financial disposition of global credit markets, is clear and convincing.
Equally clear and convincing is the need to deconsolidate the capital. Do not be fooled, once again defrauded, by the machinations of party politics where we now see Republicans touting McCain as a "Progressive," like Theodore Roosevelt.
Roosevelt was a trust-buster and progressed the tax code--just the opposite of the McCain agenda. The McCain campaign is all about regressive taxation and the consolidation of wealth and power that results.
Advocating that staying the course on our free trade agreements and a regressive tax code is the way to prosperous pluralism is an outright fraud that demands a strict and decisive prosecution.
Ensure a free and unconsolidated marketplace in priority, beginning with a more progressive tax code and the fullest application of anti-trust laws, and free trade naturally emerges as the ornament of a global economy built on sound fundamentals.
Let's have a global economy in which a peaceful and prosperous pluralism naturally emerges, not negotiated with always the prospect of it by elite plutocrats whose best interest is to prevent it.
As the dollar strengthens with a retrace on commodities prices, the prospect for the promise of a peacefully prosperous global economy is tragically diminished. The weak dollar recovery economists have argued to be the efficiency of allowing a consolidation of industries and markets is proving to be, as any free-market economist predicts, in reversal.
The bad prediction on the value of the dollar and the deflationary affect on global economic trade, now being disclosed by our chief economists, is not the product of ignorance or stupidity. No. It is a deliberate fraud! It is emblematic of the consolidated corporate power structure that obtains.
Characterizing McCain as a Progressive continues that fraud.
Don't fall for it!
If you want a peaceful and prosperous pluralism to "emerge" with what is described as "emerging markets" (the global economy)... if you really want to enhance the prospect of YOUR economic growth as these markets emerge...
Obama/Biden 2008!
Very best wishes.
The top one percent of incomes have been the larger beneficiaries of the free trade agreements, just as political party and corporate elites designed it. The result, combined with the peak demand for energy and materials (commodities prices), has been a consolidation of wealth in the US not seen since before the Great Depression. The sub-optimal, mal-distribution, of income is THE indicator of economic health that the advocats of free trade will not correlate with the practical effect of the agreements.
For example, the Fed recently warned of the classic bugbear of consolidation of capital and markets--the impending deflation of emerging markets that the free trade agreements are supposed to prevent. Instead, the agreements have caused a global deflationary trend marked by, as the Fed descibes it, a tendency to overextend credit (a deficiency of income distribution that is over-consolidation of capital) that will result in the classic liquidity crisis.
Communist China is fixing to find out what being capitalist really means as the corporate elite of the global economy (the top one percent of incomes) utilizes the classic means of consolidating the wealth and power. China will be learning, as Adam Smith prescribed, what it means to ensure pluralism in priority--to not allow for consolidation and the liquidity crisis that results.
The free trade agreements are a pluralistic fraud. The evidence, confirmed by the recent Fed warning about the financial disposition of global credit markets, is clear and convincing.
Equally clear and convincing is the need to deconsolidate the capital. Do not be fooled, once again defrauded, by the machinations of party politics where we now see Republicans touting McCain as a "Progressive," like Theodore Roosevelt.
Roosevelt was a trust-buster and progressed the tax code--just the opposite of the McCain agenda. The McCain campaign is all about regressive taxation and the consolidation of wealth and power that results.
Advocating that staying the course on our free trade agreements and a regressive tax code is the way to prosperous pluralism is an outright fraud that demands a strict and decisive prosecution.
Ensure a free and unconsolidated marketplace in priority, beginning with a more progressive tax code and the fullest application of anti-trust laws, and free trade naturally emerges as the ornament of a global economy built on sound fundamentals.
Let's have a global economy in which a peaceful and prosperous pluralism naturally emerges, not negotiated with always the prospect of it by elite plutocrats whose best interest is to prevent it.
As the dollar strengthens with a retrace on commodities prices, the prospect for the promise of a peacefully prosperous global economy is tragically diminished. The weak dollar recovery economists have argued to be the efficiency of allowing a consolidation of industries and markets is proving to be, as any free-market economist predicts, in reversal.
The bad prediction on the value of the dollar and the deflationary affect on global economic trade, now being disclosed by our chief economists, is not the product of ignorance or stupidity. No. It is a deliberate fraud! It is emblematic of the consolidated corporate power structure that obtains.
Characterizing McCain as a Progressive continues that fraud.
Don't fall for it!
If you want a peaceful and prosperous pluralism to "emerge" with what is described as "emerging markets" (the global economy)... if you really want to enhance the prospect of YOUR economic growth as these markets emerge...
Obama/Biden 2008!
Very best wishes.
Tuesday, September 2, 2008
Confirming the Peak-Oil Hypothesis
Indicators to date continue to confirm the peak-oil hypothesis is a fraud.
An over-consolidaton of capital and markets has driven the speculative demand to a peak level. The result is a non-fundamental peak price that deflates the economy and weakens the dollar.
Now that the deflationary trend is well under way with the inflation baked in, the dollar strengthens because oil has been in adequate supply with a reduction, if not destruction, of demand.
The exploration and recovery industry is showing signs of having been way overvalued with the global economy being adequately supplied with energy inputs, especially with demand reduction. As the price of oil becomes oversold, demand and investment for E&R will increase, not because the supply of oil is peaked out, but because the market has been organized to limit the supply with sub-optimal E&R investment (the money that is the over-consolidated capital that commands the peak speculative-demand price).
The result will be a recovering demand at the lower price, a stronger dollar and a distribution on the over-accumulation of wealth that comes with a political realignment. E&R investment has, however, been inadequate to meet this demand. This will be argued as confirmation of the peak-oil hypothesis and, again, will be an organized fraud in the marketplace.
The consolidation of industries and markets that allows for the over-consolidation of capital and command pricing is antithetical to a free-market mechanism, is patently illegal, and the orgainized fraud in the marketplace that results is a crime.
The capital needs to be deconsolidated and the criminals that operate to illegally tyranize the marketplace, to deny freedom, prosecuted.
Contrary to what conservatives are saying, this course of action will not be a socialist-communist measure that destroys the productive capacity of capital and markets.
If destruction of productive capacity is what we are afraid of, we must be in absolute, confirmable fear of what we have now and the prospect of perpetuating it with the McCain agenda and platform.
If you want positive, pragmatic change that maximizes the opportunity, the freedom, to create wealth for a peaceful and prosperous world to live in...
Obama 2008!
An over-consolidaton of capital and markets has driven the speculative demand to a peak level. The result is a non-fundamental peak price that deflates the economy and weakens the dollar.
Now that the deflationary trend is well under way with the inflation baked in, the dollar strengthens because oil has been in adequate supply with a reduction, if not destruction, of demand.
The exploration and recovery industry is showing signs of having been way overvalued with the global economy being adequately supplied with energy inputs, especially with demand reduction. As the price of oil becomes oversold, demand and investment for E&R will increase, not because the supply of oil is peaked out, but because the market has been organized to limit the supply with sub-optimal E&R investment (the money that is the over-consolidated capital that commands the peak speculative-demand price).
The result will be a recovering demand at the lower price, a stronger dollar and a distribution on the over-accumulation of wealth that comes with a political realignment. E&R investment has, however, been inadequate to meet this demand. This will be argued as confirmation of the peak-oil hypothesis and, again, will be an organized fraud in the marketplace.
The consolidation of industries and markets that allows for the over-consolidation of capital and command pricing is antithetical to a free-market mechanism, is patently illegal, and the orgainized fraud in the marketplace that results is a crime.
The capital needs to be deconsolidated and the criminals that operate to illegally tyranize the marketplace, to deny freedom, prosecuted.
Contrary to what conservatives are saying, this course of action will not be a socialist-communist measure that destroys the productive capacity of capital and markets.
If destruction of productive capacity is what we are afraid of, we must be in absolute, confirmable fear of what we have now and the prospect of perpetuating it with the McCain agenda and platform.
If you want positive, pragmatic change that maximizes the opportunity, the freedom, to create wealth for a peaceful and prosperous world to live in...
Obama 2008!
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