Someone want to FOIA all corespondence between 1726 M Street, the treasury department, the state department, and the fed. We can find out what else they are ordering.

They use the race card at almost every sentence to avoid the real issue of are you going to control your work force and keep it all legal or not? If you don't, yes you're going to get wage repression, a large underground economy, overpopulation and quite the mess.

Wish it was different, but that's the way migration flows work by labor econ....but getting those facts out there is impossible.

The real agenda is to lower wages, weaken workers, destroy middle classes and commit global labor arbitrage. The answer is to raise wages around the globe and give people, around the globe, a good standard of living, develop local economies, have some social values, build up the middle classes....around the globe.

I just put up an "individual person" story that was such a prime example of what's really going on, I just titled it "this is pathetic". It's absolutely a crime to force people to move around the globe, leave their homelands, and play these games with wage differentials the way these corporations and special interests do.

these cats could care less about the real answers to these problems.

But putting U.S. workers on the sacrificial global labor arbitrage alter is simply not an acceptable answer.

Arizona 1070 was aimed squarely at the sanctuary cities, according to its authors. For that reason, it is constitutional in the sense of devolution of power from federal to state to city. The State would not let the open border crowd supersede State Law with cockamamy local Sanctuary Cities.

A conservative SCOTUS will also get the probable cause piece of the law designed to let cops stop somebody on a non-profiling basis (tail light, speeding, etc, etc).

My favorite side of the Arizona story on immigration is the part about the Hokam Odam native Americans who are forced to defend their tribal lands against the Mexican Cartel. Riddle me about the White Racism on the part of native Americans.

I know nothing about this story. I think the entire thing, the fact GS was wrist slapped, AIG has no criminal prosecution, BoA was wrist slapped..
I mean the consequences are even less than during the dot con crash, accounting scandals, Enron thing...and it's like no one notices today's stuff is directly an extension of those very accounting scandals and methods used! It's bullshit, which is why I'm writing up the post titles the way I am on those press releases as best I can...
it's clear, as long as you pay your "campaign contributions" and know a few people, you can get away with anything in this country, even causing a global financial collapse and sucking all of the money out of an entire nation, putting them in hock, not up to their asses, but buried 6 feet under in debt.

As far as the Shirley Sherrod, it's just YAD, yet another distraction to avoid the real facts and news. We get these almost every day, shoved through the MSM machine, the 24 hour "talking point" that might stretch out to 48, depending on what they do not want the American people to read about.

So, you found the real story they want no attention paid to, the refusal to investigate the political firing of prosecutors, no surprise there.

I've got one, on the "immigration" front, you'll see just pushed to the top of the headlines some crap about "racist xenophobe discrimination" whatever buzz sound byte, yet when an illegal rapes and murders a kid, was caught 5 times border hopping, lives in a "sanctuary city" and was released repeatedly....never gets even a mention in the MSM. I mean think what you will about the entire issue, but that's just where it becomes really obvious to me that the MSM is completely controlled, played, timed, monitored...

I'll bet David Axelrod stays clued to Google trends graphs, timing every damn "media story" obsessively.

From the beginning it's all talk, little walk.

On the book, I'll check it out. I just rented the DVD two days ago, not usually into fiction much, has to be the bomb for me to read it.

Richard Smith, keeper of the Naked Capitalism while Yves Smith is having a holiday, just caught something in a press release and wrote it up. I saw this too but he's got the juice.

Bankrupt GM uses $3.5 billion of taxpayers’ money to buy subprime auto lender Americredit and signal a return to the good old days for Wall Street .

Neither stimulus spending nor tax breaks for the rich can revive the economy with a wide open leaky plumbing system and a busted blowout preventer If it all goes out the door to China and elsewhere the system cannot maintain useful pressure to do useful work. Nothing is manageable without boundary conditions, or try heating a house in the winter with lousy insulation and drafty windows. Our idiot left/right politicians would rather bicker about whether to direct heat to the livingroom, bedroom or kitchen or crank up the furnace with the windows wide open than address the blatant systemic leakage.

purchase power parity, or PPP is the more common method to show the differences and the "wage squeeze" of Americans. I don't know if you can in turn scale that to gold prices.

But regardless, every single day we have another outrage which is just decimating the U.S. middle class and it does seem to start with the Nixon administration and continue on from there, doesn't matter what party is in power.

But be it said, by any measure the middle class has been under attack for 30 years.

Regarding Midtowng's excellent piece.
Debt finance has been favored over equity since inflation returned in force starting in the 1960's. Equity finance for banking was the way to go before the occurrence of this cyclical inflationary/debt cycle.

So de-leveraging banks and other debt-resourced financials is well understood. Debt for equity swaps are a way out. Recall how Buffett took preferred shares in GS. Non-financial companies have cash-rich balance sheets and could take equity stakes as well.

The consumer is much more difficult. So we have to ask - rich or poor consumers? The poor do not owe as much on mortgages and the dollar value of defaults is 2/3 or what the rich do. Poorer homeowners could be given reduced value and interest rate term balloon mortgages - common in 19th Century America.

Credit card debt is much worse and I see no way out for the poor except debt forgiveness.

Lastly, the Fed's $19 Trillion stuffed into the banks? Distribute it as equity to the owners.