Posts Tagged ‘Economy’

Murray N. Rothbard wrote:

In truth, there is only one way to regard a minimum wage law: it is compulsory unemployment, period. The law says: it is illegal, and therefore criminal, for anyone to hire anyone else below the level of X dollars an hour. This means, plainly and simply, that a large number of free and voluntary wage contracts are now outlawed and hence that there will be a large amount of unemployment. Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.

Then, of course, the government can come to the rescue of the suckers it just unemployed with welfare (unemployment). Amazing how this works isn’t it?

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How the public is conditioned at their own expense to accept their economic exploitation. The outrage of non-science being taught as fact in our educational system should be protested by intellectuals and scientists everywhere.

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Robert Wenzel reports:

As far as Germany putting a ban on all naked short-selling, it will suffocate many legitimate market makers and make the markets less liquid and efficient, and make them much more volatile. It will do nothing to make it easier for Greece or the other PIIGS to pay their bills. Naked short selling has nothing to do with the PIIGS crisis. The PIIGS are in crisis because of their own doing.

The real issue is they (PIIGS and banksters) are bankrupt due to spending more money than they have and making poor investment decisions. They are at fault, not investors profiting from their irresponsible behavior.

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Do you?

Source: Michael Rivero

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Sol Palha writes:

One could go even as far as stating the financial crisis was engineered to help create a few super powerful banks. It appears that this is the case for the banks have not lost any power, but instead we have fewer players with triple the amount of power.


Read the book “The coming battle by Lorraine Walter”. It is over 100 years old, and it explains how every recession, depression is actually engineered in advance. This is not hearsay it actually provides quotes showing how the bankers have done this in the past.

All depressions, or recessions as the PC crowd now calls them, are manufactured. The sole purpose is to consolidate wealth and power.

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Ever notice how the government will revise a figure weeks after it first hits the headlines?  Recently these revisions have been drastically on the negative side and rarely receive the amount of media attention as the initial, much rosier figures.  Case in point: the surprise increase in February retail sales. Michael Panzner reveals why the numbers were so good:

Absent the [January] revision, the February numbers would have constituted a decline.

After boobus absorbs how much better they want you to believe the economy is getting, watch for a quiet February downward revision to make March look even better.

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Via EconomicPolicyJournal.com:

This is a revolutionary new daily source of spin-free hard data about the demand side of the economy. It does not involve any governmental sources. It does not utilize ‘seasonal adjustments’ (all numbers are year-over-year). It is simply based on real-time U.S. consumer transactions…

Their website here.

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This video is a visualization of Matt Taibbi’s “The Great American Bubble Machine

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