Archive for October, 2012

Beyond Economics, Beyond Crime, too big to fail …

Neil Barofsky is interviewed by Bill Moyers.

Even if you know nothing of the economic crisis or anything about what may have ’caused’ the situation, the statements by Barofsky must be heard.

When you come to understand these words and what they mean for the future, you may have a different understanding of why a truly ‘private’ money system is needed.

Link: http://youtu.be/NjNCOM7Hztk

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Market Regulation

A quote from Karl Polanyi’s book, “The Great Transformation”

The self-regulating market was a threat to them all, and for essentially similar reasons. And if factory legislation and social laws were required to protect industrial man from the implications of the commodity fiction in regard to labor power, if land laws and agrarian tariffs were called into being by the necessity of protecting natural resources and the culture of the countryside against the implications of the commodity fiction in respect to them, it was equally true that central banking and the management of the monetary system were needed to keep manufactures and other productive enterprises safe from the harm involved in the commodity fiction as applied to money. Paradoxically enough, not human beings and natural resources only but also the organization of capitalistic production itself had to be sheltered from the devastating effects of a self-regulating market.

The markets are in a state of flux right now with the commodity “currency” now coming into disrepute.

One must start to question how much longer this can continue before the ‘real’ commodities such as oil, food, water and gold are put back into a majority position?

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China Demand?

The economic conditions are shifting rapidly in China.

More so than is commonly written about I suspect.

This report from the Real News gets into some of the reasons behind these shifts.


More at The Real News

Note please the lack of demand for all the housing and other construction that was done in the past decade.

There is a real-estate bubble in China that will make the North American one look like a bubble gum popping were it to continue to overheat and explode.

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