Category Archives: Politics

The Mouse That Roared: Greece & Germany

Occasionally, real life imitates arts & entertainment.

Plot summary of The Mouse That Roared (1959), a film starring Peter Sellers:

When the tiny nation of Grand Fenwick’s only export, a special wine, begins to be produced in California, their entire economy collapses. Things look dire until Prime Minister Rupert Mountjoy (Peter Sellers) points out that no country that has declared war on the United States has ever gone hungry. When Field Marshall Tully Bascombe (Peter Sellers) and the 23 other men in the Grand Fenwick army invade the United States, their plan to immediately surrender unravels.

Selected quotes from ‘Blackmail time! Germany considers bailout “concessions”, if Greece keeps more refugees‘:

The German Government is considering to ‘help’ Greece financially – but only if Athens is more involved in the refugee crisis. This is what German daily Wirtschaftswoche ‘learned’ from German government sources. “German government no longer rules out to come towards Greece financially, if Athens increases its commitment in the refugee crisis,” WiWo notes on Friday and adds citing  Merkel’s government sources: “Our highest priority is currently that more refugees remain in Greece.

So to make it clear, Grand Fenwick:Greece::United States:Germany, and refugees≈invaders.

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Filed under Politics, Zeitgeist

In The News – January 10th, 2014

Ufogel: I want to vacation here, and then maybe build one somewhere in Washington state.

Ufogel

RealClearMarkets: Sorry, Monetary Policy Is Not a Friend Of the Common Man (Fri 1/10/2014)
ZeroHedge: People Not In Labor Force Soar To Record 91.8 Million; Participation Rate
Plunges To 1978 Levels (Fri 1/10/2014)
The Verge: Most US Congress members are now millionaires  (Fri 1/10/2014)
Washington Times: YELP critics must be identified, court rules in online landscape altering decision (Wed 1/8/2014)
USA Today: Voluntary government checkpoints spark backlash (Tue 1/7/2014)

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Filed under Consumer, Politics, Zeitgeist

YouTube: Summary of US Central Banking System from Mike Maloney

This video is a great summary, although it omits any mention of the even-less-well-understood role “shadow banking” (mostly repurchase agreements) plays in currency creation.

Mike sits with Ron Paul and Steve Forbes after the credits roll.

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October 18, 2013 · 7:00 am

Seeking Alpha: S&P Accuses Government of Revenge for Downgrade

Standard & Poor’s has accused the government of suing it for $5B in retaliation for the ratings agency downgrading the U.S.’s debt two years ago. The “allegation is preposterous,” said the Justice Department, which launched the lawsuit over S&P’s ratings of mortgage bonds in the run-up to the financial crisis. In its defense, the McGraw Hill (MHFI) unit also said it wasn’t the only one to not foresee the impending doom – Ben Bernanke and then-Treasury Secretary Henry Paulson were among the others.

Amusing summary of this WSJ article courtesy of Seeking Alpha‘s Must-Knew News.

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Filed under Economics, Politics, Zeitgeist

Your New Health Care System

Prompted by the following news articles, I thought we could all use a reminder of the increasing complexity that is the US health care system.

Download (PDF, 894KB)

Prepared by the US Joint Economic Committee, Republican Staff
Chart Originally Released July 2010, Updated June 2012

PDF display courtesy of the Google Doc Embedder plugin.

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Filed under Consumer, Economics, Politics