America

Authored by Chris Hamilton via Econimica blog,

Since 1971, and the disconnection of the dollar from a finite gold backing, the value of money (the dollar) has been determined by it's purchasing power versus the inflation of the assets to be purchased.  Thus printing more money has not necessarily created "wealth" if the assets to be purchased are rising as fast or faster than the purchasing power of the "money".  The Fed touts it's dual mandate of full employment and stable prices...but the result in prices; not so stable.

Senate Democrats in Illinois, with a final vote of 32-26, have just passed a new budget proposal that includes a massive personal and corporate income tax hike and an expansion of the state's sales tax, after saying they are no longer willing to wait for a broader deal with Republicans. 

PCR misrepresented on newstarget.com

A reader has alerted me to the misrepresentation of my position by Jayson Veley on newstarget.com.

UPDATE: I sent a comment on the article challenging its misrepresentation of my position, as did readers who alerted me to the misrepresentation. Neither my comment nor the readers’ comments have been posted. This tells me that Jayson Veley is not a reliable writer and newstarget.com is not a reliable website.

Those of us who have exited The Matrix are concerned that there are no checks on Washington’s use of nuclear weapons in the interest of US hegemony over the world.

Washington and Israel are the threats to peace. Washington demands world hegemony, and Israel demands hegemony in the Middle East.

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Thirteen Reasons Why: America’s High Schools Are Creating (Another) Lost Generation

Written by Peter Diekmeyer (CLICK HERE FOR ORIGINAL)