Long Wave Theory Blog

Global Warming Is Out of Control | Newsweek The Smart List | Newsweek.com.

This of course is nowhere in the MSM.  And, it’s not really news.  The real unemployment rate (U6) has been in the mid-to-high teens all year long.  When this finally gets real play in the MSM then maybe the second shoe will drop and we’ll be plumbing new depths in the equities, credit, and currency markets.

The Raw Story | Real US unemployment rate at 16 pct: Fed official.

Never heard of him before, but after reading 4 of his posts…I like. He has a great command of the critical issues. This piece on our biases is eye-opening. Explains why the sheeple have not a clue.

Paul B. Farrell: Your biases are being used against you – MarketWatch.

This will fall on deaf ears of course.  

Paul B. Farrell: Dismantle Bernanke’s ‘Happy Conspiracy’ now – MarketWatch.

Op-Ed Columnist – The Guns of August – NYTimes.com.

Let’s not forget Colin Powell’s uncomfortable departure and subsequent distancing from the Bush camp.  And Valerie Plame/Joe Wilson, though not Bush cabinet members, were part of his intelligence community and were hung out to dry for speaking the truth about the concocted fable of WMDs in Iraq.  

ANOTHER BUSH INSIDER TELLS THE TRUTH – James Quinn — Seeking Alpha.

No one is paying attention.  No one.  How this pugnacious, repugnant megalomaniacal person is not being drawn and quartered by the U.S. government (which owns his company) is beyond me.  Where is the outrage?

naked capitalism: AIG CEO Gives Uncle Sam (and Us) the Finger (Financial Services Industry Arrogance Watch).

Until we have complete failure of the American financial system–or complete change at the top of government and private industry–we will not get reform that is needed. I don’t know when it’s going to come, nor what form it will take, but people who think we’re in recovery, or that “the recession” is over, etc, are either delusional, incompetent, or spreading lies. This epoch in American history cuts to the very core of our existence and stature in the geo-political and world economic landscape. I just wonder who is going to step into the breech and provide a way forward that preserves the fundamental tenets of our original framers. The lunatic fringe has spread like a cancer on the right, turning conservatives into fear mongering demagogues, and the left is so disconnected from reality they are foundering and can’t sieze the moment to galvanize disenfranchised and defeated middle class and working class Americans. Independents and Libertarians like Ron Paul have been come polemicists and are only fanning the flames of fear and uncertainty. People have seemingly lost the capacity for reasonable discourse and have become subservient to spoon fed pablum that keeps them ignorant of what is happening all around them.

While I admire Obama’s intellect and seemingly sincere concern, it’s clear that he has surrounded himself with the same breed of advisors as the Bush administration had. We’re going nowhere good, fast.

is Obama heading for an Hooverian legacy? I think so and unfortunately the stakes are much higher and the populous today is much less educated and more polemicized. It’s going to get ugly before it gets better.

It’s getting ugly out there.

Johann Hari: The Republican Party Is Turning Into A Cult.

There are a lot of shite posts in the blogosphere, and there are some brilliant ones.  This falls into the latter category.  This isn’t just another doomsday treatise on our economic crisis.  No, this is a poignant analysis of why our system must fail.  It weaves a compelling narrative, indicting economics for it’s hand in the mess, the political system of influence peddling, the culture of greed and narcissism, and the ignorance of the true problems we face as a society.  I think this piece is one of the most brilliant arguments I’ve read in a long time.  Unfortunately if you take it to its logical conclusion, we’re fucked.

naked capitalism: Guest Post: Why the Austrian, Keynesian, Marxist, Monetarist, and Neo-Liberal Economists Are All Wrong.