February 10, 2012|Posted By Adam Sharp
Social unrest in Greece is rising once again, as this scene from Athens today shows. Demands from bondholders to squeeze the populace will continue, as politicians/technocrats/ex-Goldman-directors fight to stay in the EU.
Unfortunately, the situation seems unlikely resolve any time soon. But I would be surprised if Greece is still part of the EU in 5 years. It could be as few as 2-3, but the establishment (banks) are still firmly in control, and have shown that they’re willing to exert extreme force to avoid losses. I doubt we will see a tidy solution to this budding revolt.
February 1, 2012|Posted By Adam Sharp
From the creator of Quantitative Easing Explained (which just reached 5 million views on Youtube) Omid Malekan.
And here’s QE Explained, for those who haven’t seen it yet:
December 9, 2011|Posted By Adam Sharp
China, along with the rest of the universe, continues to prove just how wrong Keynesians are about infrastructure/stimulus spending. Almost always, the result of such spending is a handout to politicos. It causes incalculable disruptions to the real economy. No matter how well-intentioned the pundits who begged for it were.
As a result of the bad debts created, China will continue to devalue their currency and continue to have high inflation.
December 6, 2011|Posted By Adam Sharp
*Correction: The man in this clip is Senator Jay Rockefeller, not David Rockefeller.
The clip below is from 1991, at a Spina Bifida Foundation roast of Pat Buchanan. Rockefeller’s jokes about protecting the rich, joining the Trilateral Commission, and world domination are all quite interesting. Despite what you may hear, these are real organizations. They have real agendas. For example, Mario Monti, recently-installed “technocrat” head of Italy, chairs the group’s European operations. More after the clip.
By the way Pat, do you bank with Chase Manhattan?
Some people immediately tune out at the mention of a group like the Trilateral Commission. Don’t get all conspiracy theory on me bro. Call groups like this what you will, they’re quite real. I can’t vouch for their intentions, as I haven’t been invited yet.
But we can get some insight from contemporary historical accounts. Such as this one from the great libertarian economist Murray Rothbard:
Alan is a long-time member of the famed Trilateral Commission, the Rockefeller-dominated pinnacle of the financial-political power elite in this country. And as he assumes his post as head of the Fed, he leaves his honored place on the board of directors of J.P Morgan & Co. and Morgan Guaranty Trust. Yes, the Establishment has good reason to sleep soundly with Greenspan at our monetary helm. And as icing on the cake, they know that Greenspan’s “philosophical” Randianism will undoubtedly fool many free market advocates into thinking that a champion of their cause now perches high in the seats of power.
Love Rothbard. More at Mises.org.
