Dear Jim,
Did we just officially become a fascist state by allowing corporations to own the government with the courts fully behind them? Please see the attached definition.
CIGA Hen
"Fascism, pronounced /ˈfæʃɪzəm/, is a political ideology that seeks to combine radical and authoritarian nationalism[1][2][3][4] with a corporatist economic system,[5] and which is usually considered to be on the far right of the traditional left-right political spectrum.[6][7][8][9][10]
Fascists advocate the creation of a single-party state,[11] with the belief that the majority is unsuited to govern itself through democracy and by reaffirming the benefits of inequality.[12] Fascist governments forbid and suppress openness and opposition to the fascist state and the fascist movement.[13] Fascism opposes class conflict, blames capitalism and liberal democracies for its creation and communists for exploiting the concept.[14] Fascism fashioned itself as the "complete opposite of Marxian socialism"[12] by rejecting the economic and material conception of history, the fundamental belief of fascism being that human beings are motivated by glory and heroism rather than economic motives, in contrast to the worldview of capitalism and socialism.[12]
In the economic sphere, many fascist leaders have claimed to support a "Third Way" in economic policy, which they believed superior to both the rampant individualism of unrestrained capitalism and the severe control of state socialism.[15][16] This was to be achieved by establishing significant government control over business and labour (Italian fascist leader Mussolinicalled his nation’s system "the corporate state").[17][18] No common and concise definition exists for fascism and historians and political scientists disagree on what should be in any such definition.[19]"
Dear CIGA Hen,
No, I think not. We have been here for at least the last six years.
The better title is "Authoritarian Free Enterprise." It is neither capitalism or socialism, but more like Fascism.
Add the tool of MOPE and it really gets scary!
Regards,
Jim
Bernanke fate in doubt as US Senate opposition swells
CIGA Eric
"Under the watch of Ben Bernanke, the Federal Reserve permitted grossly irresponsible financial activities that led to the worst financial crisis since the Great Depression," Feingold said in a statement.
This has been a crisis in the making for decades. Greed, and its consequences, knows many accomplices. Ever wonder why Bernanke was hand picked for the job? As a student of the depression, the job picked him.
Large Cap Stocks Total Return Index to Long-Term Government Bonds Total Return Index: ![clip_image001[1]](http://1.bp.blogspot.com/_m5i6pLhlNWU/S1nm6dokyNI/AAAAAAAAAoE/3WVKqcvk3Lk/s1600-h/LCSTRILTGBTRIR.JPG "clip_image001[1]")
All the long-term charts say the same thing, yet the blame is always shouldered by those sitting in the chair during well-after-the-fact realization phase.
Source: news.yahoo.com
Dear Yra,
Whatever the loophole, you can be sure the banksters will find and utilize it.
What has been proposed is setting a fox to run the fox out of the chicken coop.
Regards,
Jim
Notes From Underground: If We Ran the World
Yra | January 22, 2010 at 10:43 am
If we ran Goldman Sachs, we would file to return to being a partnership which would pre-empt the Obama "Volcker Plan." Then Goldman should partner with Blackstone and/or other private equity firms to ensure that they had a ready pool of capital. This would allow Goldman to lever its theme of being the smartest guys on the street and remove the government from the equation.
Yen
CIGA Eric
What is the Yen telling us?
As the economic and financial problems worsened in 2008, the Dollar supplanted the Yen as the carry trade currency of choice.
Yen vs S&P 500: 
Yen ETF (FXY): 
The Yen has just breached the previous swing high on a sign of strength. The dollar might be rallying, it continues to under peform the Yen since 2008. While spin suggests the death of the carry trade, it ignores the signs of life revealed by relative money flows. This means gold, the barbaric relic, will return to form once operation paper tiger loses steam.
