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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The Dark Matter in Our Government

In 1933, Fred Zwicky, an astrophysicist at Cal Tech noticed an anomaly in his star data.  The measured motion of certain galaxies did not agree with what theory predicted.  He decided that there must be some unseen matter that affects the motion of these galaxies.  His work was noted and soon forgotten. It was not [...]

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U.S. Plans to Bail Out China with Credit Default Swaps

I’m pretty sure that if I crawled into the shiny-bright, luxurious offices of Goldman Sachs, Morgan Stanley, or any of the other big Wall Street banks on my hands and knees I wouldn’t have a chance in Hell of getting any of them to loan me a dime. Not this year or any other year; [...]

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Paulson Bailout Bill Dooms U.S.

We’re doomed.  The inmates have taken over the asylum.  Secretary of the Treasury, Henry Paulson, former Chairman and CEO of Goldman Sachs, a man whose career at Goldman Sachs spanned twenty-two years before he was appointed Secretary of the Treasury only two years ago, is now demanding that Congress immediately sign up for a $700,000,000,000 [...]

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