20 Aug 2012
MARK MCHUGH: According to Wikipedia, Narcissistic personality disorder (NPD) affects one percent of the population and has little to do with looking at yourself in the mirror. It has a lot to do with unrealistic fantasies of success, power and intelligence. Some NPD sufferers become cult leaders or mass murderers, the rest become economists and policy-makers. Despite having a highly elevated sense of self-worth, narcissists have fragile self-esteem and handle criticism unpredictably, so let’s keep this to ourselves….
Velocity of money is the frequency with which a unit of money is spent on new goods and services. It is a far better indicator of economic activity than GDP, consumer prices, the stock market, or sales of men’s underwear (which Greenspan was fond of ogling). In a healthy economy, the same dollar is collected as payment and subsequently spent many times over. In a depression, the velocity of money goes catatonic. Velocity of money is calculated by simply dividing GDP by a given money supply. This VoM chart using monetary base should end any discussion of what ”this” is and whether or not anybody should be using the word “recovery” with a straight face:
In just four short years, our “enlightened” policy-makers have slowed money velocity to depths never seen in the Great Depression. Hard to believe, but the guy who made a career out of Monday-morning quarterbacking the Great Depression has already proven himself a bigger idiot than all of his predecessors (and in less than half the time!!).
By Michael Luciano: Monday is Ron Paul's 77th birthday. The retiring Texas congressman has had a long career as America's most ideologically consistent politician. Love him or hate him, he always speaks his mind, and refuses to pander to the crowd. To celebrate his birthday, here are 77 reasons why Ron Paul kicks ass.
1. He favors sound money.
2. He doesn't care what the legal driving age is.
"Zionist Western Media" shields banksters and petrol-whores: 32 people have been arrested in Libya in connection with recent bomb attacks in the capital. All those detained are said to belong to a network of loyalists of the country's former leader Muammar Gaddafi and have reportedly been receiving financial backing from abroad. RT talks to political analyst and Middle East consultant Peter Eyre. Source
Preparing for The Apocalypse - Mike Adams with John B. Wells "This economic crisis is nothing but a bloody fabrication!"
Syrian opposition admits British intelligence is assisting terrorist FSA along with U.S., Germany and Turkey
By Madison Ruppert: It is no longer by any means secret that the Syrian opposition terrorist group known as the Free Syrian Army (FSA) is being supported by the governments of the United States, Turkey, Germany and Britain.
Recently, the United States government made it completely legal to donate money to the Syrian opposition. While you can’t go out and buy an AK-47 and mail it to the FSA, you can instead send the same terrorists the money to buy it.
Keep in mind, these are the same individuals who have shown no willingness to give up the chemical weapons belonging to the government of Syrian President Bashar al-Assad if they get their hands on them.
One might also want to take note of the fact that there have been multiple reports claiming that the Syrian military captured military officers from foreign nations and that even mainstream international news sources are now being forced to report the truth about Syria as you can see in the below video:
The deleveraging trap is a catch-22; while debt remains excessive, economic activity remains subdued, and while economic activity remains subdued, generating more production than consumption to pay down debt is extremely difficult. As we have seen in Japan — where the total debt load remains above where it was 1991 — fundamentals can remain depressed for years or even generations. Certainly, the modern debt jubilee isn’t going to cure the culture that led to the excessive debt. Certainly, it won’t wash away the vampiristic TBTF megabanks who caused the GFC and live today on bailouts and ZIRP. Certainly, it won’t fix our broken political or financial systems where whistleblowers like Assange are locked away and fraudsters like Corzine roam free to start hedge funds. And certainly it won’t wash away the huge mountain of derivatives or shadow intermediation that interconnect the economy in a way that amplifies small shocks into greater crises.
Brass Neck from those who have us by the balls, “A f**king nerve” and "The trio of Brass Bollocks" - The Slog
What I suppose American and Aussie Sloggers would call brass balls, over here we call brass neck – or, more informally, “A f**king nerve”. Tonight’s episode of How they’re screwing us over And they don’t Care if we know It takes a selection of news that arrived here in Slogger’s Roost during the day – via email, phone, the MSM, websites, one fairly eminent blogger, and three Sloggers.
First up I think has to be the piece in today’s Daily Telegraph, recording the fact that apparently, Sir Nigel Rudd, a former director of Barclays, has accused the Treasury Select Committee (TSC) of attacking the integrity of Bob Diamond, the bank’s former chief executive. Well now, you see the thing with Robert E. Diamond’s integrity is that it is damned difficult to attack, on the grounds that it is sub-atomic in size, and thus invisible to everything bigger than a God particle.