The Real World News and Commentary – September 9, 2012

Connecting the Dots in the Real World

Created by Roy Perlmutter   September 9 2012


Campaign for Liberty


It doesn’t even make sense.  It’s like they are living on another planet.  Who’s speaking for the people?  I watched both conventions, and I don’t think I can remember one person using the words food, water or energy.  They weren’t in anyone’s speeches.

If you move over to Europe, we are seeing a dramatic rise in suicide rates and mental health disorders.  People can’t feed themselves, and many people are showing signs of a good deal of mental stress and difficulties.  And I should add that in the US, 25% of the population is spending 50% of their income on food and energy.


Matt Taibbi On HuffPost Live: ‘Private Equity Companies Do Not Exist To Turn Around Companies’


At the Democratic National Convention, where one speaker after the next swears they love free enterprise, delegates and attendees (maybe some media, who knows?) were asked by Peter Schiff, posing as a anti-corporate activist,  if they would support capping or banning corporate profit. Well, there seems to be plenty of enthusiasm for the idea in Charlotte this week — and not from the fringe.


More important, a declining percentage of people in the work force means long-term problems. Too many people discouraged, with atrophying skills. Bad news for them and their families, economically and psychologically. Bad news for the overall economy that loses productive capacity and willing and able consumers. Bad news for the overall spirit and optimism of pretty much everyone.


 “The Obama/Bernanke Federal Reserve has been an abysmal failure. No major country’s central bank has been so destructive since the Fed in the 1970s; prior to that, nearly a century ago, it was Germany’s central bank, which created a hyperinflation that helped set up an environment for the Nazi revolution.”


Yesterday we examined Bernanke’s dishonesty; today we’ll examine his insanity.


Investors yank $3.7 billion out of stocks


Jawboning Increases to Ludicrous Speed


ECB Collateral Moves Reopen ‘Soup Kitchen’ for Struggling Banks


The one thing nobody’s talking about…


The World from Berlin

‘The ECB Is Doing Governments’ Dirty Work’


Reserve Bank of India (RBI) urged the public against choosing gold as an asset for savings or investment…. Interestingly, RBI had itself purchased 200 tonnes of gold from the International Monetary Fund in 2009 to provide liquidity to the multilateral institution.


Basel III and the next driving force for gold

Julian Philips argues that part of the side-lining of gold from the monetary system was through its undervaluation as an asset, something he says is changing.


Afghanistan’s base bonanza

Afghanistan may turn out to be one of the great misbegotten “stimulus packages” of the modern era, a construction boom in the middle of nowhere with materials largely shipped in at enormous expense to no lasting purpose whatsoever.


Eisenhower Farewell Address — Military Industrial Complex


Weekly News Wrap-Up 9.7.12


Chart Of The Day: Smith & Wesson Sales


 “Tax cuts when times are good, tax cuts when times are bad, tax cuts to help you lose a few extra pounds — (laughter) – tax cuts to improve your love life — I — it’ll cure anything, according to them,” he joked.


Superficially charming, psychopaths tend to make a good first impression on others and often strike observers as remarkably normal. Yet they are self-centered, dishonest and undependable, and at times they engage in irresponsible behavior for no apparent reason other than the sheer fun of it.


This Is Economic Death: Greek Unemployment Rises By 1% In One Month


Capital flight from Spain at new high


Don’t Think about Elephants


“For me, [Star Trek] was a vision for the future,” Germick said. “I think it was also that it was multicultural, pro-science, and full of curiosity and passion. I think like a lot of good science-fiction, it sort of says a lot about its present era. We can really appreciate what Star Trek did in its time. As an adult, you can appreciate how progressive it was. You learned to be compassionate towards all kinds of people – even alien creatures.”


Joy To The World – Three Dog Night


Three Dog Night – Band name origin


Dixie Chicks – I Like It