Feeds:
Posts
Comments

Posts Tagged ‘fascism’

Think the Fed’s QE1 and QE2 will cause hyper-inflation? I did, until I read Jeffrey Rogers Hummel’s recent paper “Ben Bernanke Versus Milton Friedman”. Bernanke is simply shuffling paper around to bail out his bankster buddies and he is doing it without increasing the money supply – despite popular belief.

As impressive as that is, there is a severe downside. The Fed-manufactured crises of 2008 has literally made them the economy’s central planners. Here is an excerpt from Hummel’s paper:

Under the old central planning—which performed so poorly in the Soviet Union, Communist China, and other command economies—the government attempted to manage production and the supply of goods and services. Under the new central planning, the Fed attempts to manage the financial system and the supply and allocation of credit.

[...]

But now with Bernanke, the central planning aspect of central banking has become far more encompassing. As George Selgin put it in an interview, “the Fed . . . has morphed into a central planning agency with a corporate welfare department.”

Read Full Post »

Via solari.com:

Congress slipped in a provision that requires every non-tax-exempt business in the US to provide by January 31 of each year an information return (usually, a 1099) to every payee to which it makes aggregate payments of $600 or more during a calendar year, effective for 2012.

[...]

Is the goal to so overload small business with compliance costs that you put them out of business? We think so.

All government regulation (aka “reform”) is designed to create and maintain monopolies. This is how fascism works.

“Fascism should more properly be called corporatism because it is the merger of state and corporate power.” – Benito Mussolini

Read Full Post »

Do you?

Source: Michael Rivero

Read Full Post »

Another example from David Kramer:

Bankster puppet Sen. Chris Dodd (D-CT) has inserted into the upcoming financial “reform” bill a clause that would more than double the minimum net worth of a potential venture capital investor…

We wouldn’t want those pesky poorer folks given the same opportunities as the rich.

The purpose of regulation is to benefit the few (rich, corporations) at the expense of the many.

Read Full Post »

William Anderson writes:

As economists such as George Stigler and Sam Peltzman pointed out, regulation has the effect of offering protection to regulated firms, but also serving to keep out competitors. In other words, contra Krugman, regulation creates what in effect are government-sponsored cartels. From this, we see “Capture Theory” emerging, as the regulated industries and their government regulators form a tag team that operates to the benefit of the people in the system — and against consumers.

Yet proponents of regulation claim it protects the consumer. More double-speak in this bizarre world.

Read Full Post »

Revisiting American History documents the conversion of the US into a monolithic financial empire as the Federal Reserve Act created a monopolized cartel of private interests, “Wall Street,” that controls all money in the system. This killed Jeffersonian ideals and allowed vertical Hamiltonian forces to have free reign to consolidate power and wealth. It explains how this is an empire system where the top Wall Street banks are analogous to feudal lords and multi-national corporations are their feudal knights out conquering territories. It rewrites American History books.

Parts 2-4 here.

Read Full Post »

Partisan “economist” Paul Krugman admits Obamacare created death panels and their purpose is to save money:

More on Paul Krugman here.

(At least he is being honest for a change!)

Read Full Post »

Older Posts »

Follow

Get every new post delivered to your Inbox.

Join 30 other followers