Recession seems to be making unemploment for many. Its really inceasing worries of good professional's with gerat decrees and making them pray to be employeed. But in all this, happiest people looking little or absolutly nil worried about this huge word "Recession" are small business people with small decrees. They seemed to be not worried and even not at all affected by this slow down. Sometime i think that better to be self employed or having a small business than to work with large orgainsation and facing recession and threat of unemployment. It better to be live than to worring about living.

"...from the point of view of the empirical record, and the rival theory of endogenous money, this will fail on at least four fronts:

1. Banks won’t create more credit money as a result of the injections of Base Money. Instead, inactive reserves will rise;

2. Creating more credit money requires a matching increase in debt—even if the money multiplier model were correct, what would the odds be of the private sector taking on an additional US$7 trillion in debt in addition to the current US$42 trillion it already owes?;

3. Deflation will continue because the motive force behind it will still be there—distress selling by retailers and wholesalers who are desperately trying to avoid going bankrupt; and

4. The macroeconomic process of deleveraging will reduce real demand no matter what is done, as Microsoft CEO Steve Ballmer recently noted: 'We’re certainly in the midst of a once-in-a-lifetime set of economic conditions. The perspective I would bring is not one of recession. Rather, the economy is resetting to lower level of business and consumer spending based largely on the reduced leverage in economy'".
--Steve Keen
http://www.debtdeflation.com/blogs/2009/01/31/therovingcavaliersofcredit/

onion...roll, get it? ;) The Sunday Morning Comics auto layoff reality show one I actually did not find funny at all but it was so full of truth it had to be there.

Which, let's face it, would have far more value than the relatively worthless gold and silver. Can't eat those or get something to eat with them, I can't find a single business around here that will even take a relatively recent Silver 50 cent piece other than a coin collector.

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Executive compensation is inversely proportional to morality and ethics.

It's an arrogant assumption that people get smarter. After all, we have computers, digital watches, and plasma TV's now. They didn't have that 100 years ago, so we must be smarter, right?

100 years ago people didn't send their hard-earned savings to Wall Street. People didn't trust eastern bankers. People understood, and debated, what money was.
None of these things are true today.

I don't think we are smarter today. We've just just traded useful knowledge, like monetary policy, for useless knowledge, like the plots of reality TV game shows.

The URLs look a lot better using that format. I'll give it a try tomorrow.

Who can be against their positions???

People who own assets outside of their control. People who do not believe the rhetoric that the high and mighty have everything under control. They got everything under control alright. Under their control ... but its not in our interest.

If you want something that makes common sense and is outside of the high and mighty control.... own physical gold and silver.

Now some would wince at that suggestion. I'm not talking the end of the world and storing ammo and seeds. I'm talking about honest money that isn't based on a government guarantee.

It has always been about class warfare.

a member of a United States political party formed in 1891 primarily to represent agrarian interests and to advocate the free coinage of silver and government control of monopolies.

a believer in the rights, wisdom, or virtues of the common people

Seems to be a party based on common sense. In these modern times, common sense is castigated by the high and mighty.

Thirty five years ago I had a girlfriend that always send she was born in the wrong era. She wished to be born 100 years ago. These days I wonder if she wasn't onto something with such wishes.

But I've got to put in the three things that helped ME (Laid off 2001-2003, in government for the next 5 years until they realized my internet addiction wasn't "within policy" even though I had been up front about it all along and tried to keep it within transportation and government and IT websites, then six months later finding a job that fit):

1. Volunteering- in general. More specific for me was church and Knights of Columbus. But ideally something that gets you out of the house.
2. Parenthood- my son was born and I got to be a stay at home daddy for the last six months of my first big 2 year layoff.
3. Government work. Just because it doesn't work for me, doesn't mean it can't work for you. There's something to be said about having your paycheck "guaranteed by law"- even if that doesn't mean as much as it once did (my stepmother-in-law, cue dark helmet jokes, is having her job as a high school athletics administrator cut down to a part time job after 15 years- foreclosed houses don't pay property tax). Still, this is where the stimulus money is.
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Executive compensation is inversely proportional to morality and ethics.