The Failure of Capitalism

Unfortunately, Capitalism is the de facto religion of America. I say this is our religion because one is pretty much considered to be un-American if you don’t believe in this economic system. It is equated with freedom itself – even though it is not freedom. To be opposed to Capitalism is to be considered a [...]

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It’s Time to Rethink the Banking Industry

As another nation, Ireland, now peers into the abyss of economic chaos, once again governments are being called upon to bail out the banking industry. Does this sound vaguely familiar? Of course it does . We have been hearing this tune for the past couple of years, perhaps the most loudly in the U.S. where [...]

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China: The New World Leader in Technology

I suppose we should have seen it coming when China launched its own version of the Apollo spacecraft – three Chinese astronauts circling the Earth – a few years ago.  It was at a time when the U.S. space program was, at best, going sideways, partnering with Russia, making short trips to the Space Station [...]

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Will the Real Perpetrators of the Meltdown Ever Be Prosecuted?

Last week the U.S. Department of Justice announced the formation of the new Financial Fraud Enforcement Task Force. Among other things, this task force is charged with bringing to justice those individuals who caused the worldwide economic collapse. Ummm… OK.  So…does that mean that nobody was minding the store before this? Does this mean that [...]

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Too Big To Fail: The Big Bank Lie

About a year ago, when it looked like the world was about to end and the economies of countries around the world were beginning to melt away like a Salvador Dali painting, the leaders of the U.S. government, i.e. President Bush and Treasury Secretary Paulson told us that we had only days, maybe only minutes, [...]

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