Free kibbles

ECONOMY:

Dow tops 10,000. I remember when this was a huge milestone back in the 90s. All the wealth we thought we had since has been an illusion. And the Dow is going to collapse again because even this pathetic milestone is an illusion created by inflationary monetary policy.

How the hidden hand of government causes so many problems that end up being blamed on capitalism.

Obama, Geithner and Bernanke are repeating the mistakes of the Great Depression. Obama's six for six on Rothbard's list. We still have to go through a far worse recession before our economic problems can be fixed. Government can't stop that. All government can do is delay it and make it worse. It's impossible that Obama and Bernanke don't understand this. They're harming us on purpose.

Goldman Sachs employees are still being paid by the Treasury Dept. as advisers to Geithner. This is what you get when aristocrats seize our power and money - they sell it to the highest bidder to promote their own careers. Goldman Sachs recognized the business opportunity better than any other corporation, and they're profiting immensely from a relatively tiny investment in our political economy.

Obama's amazingly successful war on the US dollar. Referring to Obama's newly reappointed Fed Chairman Ben Bernanke:

""He's in a crisis worse than the meltdown ever was," said Peter Schiff, president of Euro Pacific Capital. "I fear that he could be the Fed chairman who brought down the whole thing.""

That's Obama's plan. He'll blame it all on capitalism and try to use the collapse to spark a Marxist revolution. Bernanke is almost certainly in on it. He's the consummate elitist to make this happen. He's never had a doubt that the American people need him to run our economy for us. We're poor sheep who can't take care of ourselves without Bernanke shepherding us. I think he's been in on it all along, and that's why Bernanke has been pushing inflationary monetary policy since he joined the Fed years ago. I think that's why Bernanke helped orchestrate the 2008 crash. If Bernanke keeps rates low while the dollar collapses, we'll know he's in on it with Obama.

Here comes the secondary recession, and it's going to make this recession so far seem like the good old days. This article reports the dollar has lost 10 percent of its value in the last three months and nearly 33 percent in the last decade. Foreign banks are fleeing the dollar. Then there's this:

"Economists believe the market rebellion against the dollar will spread until Bernanke starts raising interest rates from around zero to the high single digits, and pulls back the flood of currency spewed from US printing presses."

Can you say crash? Needless to say, Obama and Geithner will pressure Bernanke to keep rates low and destroy the dollar, which will make the 2008 crash look even better.

""Bernanke's other choice is to keep rates at zero, print even more money and sell more debt, but we'll see triple-digit inflation that could collapse the economy as we know it.""

Heads we loose big time. Tails we loose even bigger. Buy gold now. Democrats are still trying to steal more money from us for health care and tax and trade. Many of them know the consequences will be the total collapse of the US economy. That's their goal.

Atlas Shrugged becoming reality as millionaires leave high tax states and doctors threaten to leave practice over Obamacare. Atlas Shrugged isn't just a novel. It's exposition of a proven economic principle.

TAX AND SPEND:

We tend to focus on the harmful effects of taxation because those are easily seen, but the most damage done by government is spending, and that's hard to see.

HEALTH CARE:

Having legislators arbitrarily set caps for malpractice damages is a poor way to deal with malpractice lawsuits. Instead, patients and doctors should be allowed to negotiate maximum malpractice liability and private courts should be allowed to arbitrate malpractice disputes.

Redistributing health.

Many reasons why the individual mandate is a bad idea. Let's start with the application of force. Putting a gun to a person's head and forcing them to do something is immoral, so this mandate is immoral. The constitution doesn't give government power to do this, so it's illegal. It would turn millions of Americans into criminals, like Romneycare did in Massachusetts. It will significantly increase the demand for health care, driving up the price. It will make low cost health plans illegal, driving up the price of health insurance. So it's counterproductive. Immoral, illegal and counterproductive. How many more reasons do we need?

WAR:

Iraq government reports that 85,000 Iraqi casualties between 2004 and 2008.

MISC:

Austrian summary of the positions of the new Nobel recipients for economics finds many similarities to Austrian economics.

Mises scholar points out the double standard of pressuring Rush Limbaugh out of owning an NFL franchise because of separation of sport and politics when Obama named Steelers owner Rooney as ambassador to Ireland. Nobody has a right to own anything except the current owners of that thing, but just as everybody has a right to pursue happiness, everybody also has a right to pursue ownership of something. The NFL may have violated Limbaugh's right to pursue ownership of an NFL franchise.

If my apartment management ordered me to take down my America flag, I think I'd find another apartment. It makes me wonder if housing restrictions in this city create shortages of apartments and give apartment owners inordinate power. Probably not, since they immediately rescinded the ban. Anybody offended by an American flag should tolerate it or move to another country.

The socialists on the Nobel Peace Prize committee defend choosing Obama. I agree with the sentiment in that this prize should be canceled.

The essay claims the principle author of the 14th amendment intended the privileges and immunities clause to extend the entire bill of rights to the states. Then why doesn't it just say so? Rights are not privileges or immunities. They are rights.

Just because socialists are unhappy that Obama isn't using the power of government to overtly implement socialism (maybe they missed the government takeover of GM or his support for the so-called public option), doesn't mean Obama isn't trying to collapse our economy. Obama can't implement socialism overtly. Reality won't allow it, and Obama knows it. So he's using the Cloward-Piven strategy that dovetails into his Alinsky and ACORN training and his leadership in the black liberation theology movement. What this essay shows is that Obama has advisers who are telling him that his policies will harm the US economy. He's implementing them anyway because he wants to harm the US economy.

"Of course, some people say Obama's real goal is to use a government-run plan to destroy private insurers, paving the way for a Canadian-style system. But if that's true, why has he indicated he could give up the public option to get other reforms passed?"

Because it serves Obama's purposes better to get something passed than nothing at all. I think this writer is being dense. Apparently this author is also unaware that reality prevented Lenin from implementing Marxism in Russia right away. He had to wait and hope for Russian collapse so that he could subsequently implement Marxism. And after seizing power, reality forced Lenin to take a time out from communism with the New Economic Policy so he could consolidate his power. Obama doesn't have to wait like Lenin. He's applying the power of the presidency to our current reality to bring about that collapse so he can spark his revolution.

Consumer protection will protect us from economic growth.