Why Privatization? Here’s Why...!!

by Rodger Malcolm Mitchell, www.nofica.com

Mitchell’s laws:

• The more federal budgets are cut and taxes increased, the weaker an economy becomes.
• Austerity is the government’s method for widening the gap between rich and poor, which leads to civil disorder.
• Until the 99% understand the need for federal deficits, the upper 1% will rule.
• To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
• Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
• The penalty for ignorance is slavery.
• Everything in economics devolves to motive.

In much of America, the electric company, casinos and horse tracks are privately owned, while streets, elementary schools and the lottery are publicly owned? Why?

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Written by Frank Li

In my book Saving America, Chinese Style, I identified six similarities between communism and democracy as follows:

1. Destruction of capitalism

2. Brainwashing

3. Ideology

4. Kleptocracy

5. 'You didn't build that'

6. Stupidity.

In this article, I will identify patriotism as a seventh major similarity between communism and democracy.

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Written by Hilary Barnes

If one trusts the language of a draft statement by France's ruling Socialist Party for presentation to a party conference in June, the country is heading for a showdown with Germany in general and Chancellor Angela Merkel in particular over Euro zone budget consolidation policy, austerity.

But after one of those brief, nine-hour meetings lasting to 1 a.m., which clearly showed how expeditiously a well-run party deals with these little local difficulties, the offensive language about Chancellor Merkel's "intransigent selfishness" was deleted from the draft, which had been leaked to the Paris press.

The revised draft (still awaiting final approval) makes this a policy issue, not a personal one, and it is about the policies of Europe's conservatives, which, echoing Le Monde, said the statement -

"have already made things worse: free trade as a horizon for external relations, austerity as the standard within our frontiers."

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by Rick Ackerman, Rick's Picks

Originally posted at Rick's Picks, 30 April 2013.

No one ever looks back with nostalgia on Wall Street’s good old days; for in fact, there never were any “good old days.” The stock market was always the same sleazy carnival game that it is today, a hoop-toss rigged to make the rubes think that winning is easy. Of course, the easier it looks, the harder it is. So it goes for investors sauntering along the global midway. You’d think that with equity shares in their fifth year of the most powerful bull market in history, every Tom, Dick and Harry would be a winner by now. What we find instead is that the individual investor has yet to recover from the dot-com crash, and that some of the savviest players in the game have left it, unable to beat the averages. Soros folds Quantum fund, embarrassed by his failure to deliver even modest returns.  Buffett sinks $23 billion into … the food chain. Jimmy Rogers kisses off the American Dream and relocates to Singapore, while Steve Wynn heads to Macao. Don Trump and Jim Cramer seek, not wealth from investing, but ego gratification from over-exposing themselves on television.

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by Michael Rozeff, Lew Rockwell.com

Modern, as distinguished from classical, liberalism has been harming and continues to harm the well-being of Americans whenever its ideas are imposed on them, in any form, whether that of progressives, Franklin Delano Roosevelt, Lyndon Baines Johnson, cultural Marxists, or those who promote political correctness and unqualified equality. Modern liberalism creates one disaster area after another in human affairs, and it will keep on doing this as long as its ideas gain adherents and are implemented. The reason why liberalism screws things up is that its ideas are screwy. They typically involve invasions of rights.

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