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What a bunch of commie cods wallop! The only thing that will happen is that the "basic wage" will be the new zero. That is, universal inflation in prices to absorb the extra money in the economy. Then the "basic wage" will not be a living wage and they will commence a process of periodic...

Maybe she was suggesting the idea of a balance sheet.

Interestingly, from the 22min mark he begins talking about how "western" politicians think and consider the Islamic refugees. Something Stephan Molyneux covers well also here http://www.youtube.com/watch?v=YHnuIlzgGZ4

Google is you friend at times like that: FOMC - Remaining Meetings September 16-17* October 27-28 December 15-16* But the bell-weather for an interest rate rise will be an increasing gold price.

They are a monopoly on the right to grant monopolies and to use force. Free trade doesn't enter the picture except to be used as a cover for their activities. In fact government is about control, which is the antithesis of freedom.

When the CFR decides Australia will be a superpower in something then our Rhodes Scholars will take their marching orders and things will progress in that direction. Until then we will be a convenient agent of legitimacy in the Asia-pacific for an hegemonic power that demands we consume all the...

Well, Tsipras is a communist as well as an aspirant MEP. That is, he is not a republican nor is he aligned with the idea of independence or freedom, so what can you expect. Its all a bad joke unfortunately. I wish I had read his bio earlier in the piece, so I wouldn't have built hope for...

Interesting question! Here's my analysis: Lets say total above ground gold is 170000000 kg And the global population is 7200000000 people Then 20% of global population is: 1440000000 people And 80% of global gold reserve is: 136000000 kg Therefore, The Gold holding for the top 20% of...

I was reading Paul Craig Roberts the other day who posted a Q&A by Putin during an economics conference in May, where he framed the Ukrainian crisis as the West trying to enter the CIS union through the back door of Ukraine without any regard for the interests of Russia or other member states...

I reckon the contagion risk might have been contained for Greece. There has been so long in anticipation of the outcome, the only reason Greece will be allowed to default is if the Troika are prepared for it. However, what they can not be prepared for is a contagion of other financially...

Well, the Council on Foreign Relations have, after criticising Abbott for not following policy, released a "helpful" article on how to interpret the Pope's latest "religious teaching" in "environmental activism".

For all those who haven't watch this movie for some time, or ever, I can highly recommend a viewing. I watched it again the other evening, the first time in over a decade and was really surprised and then amazed at the artistry represented in its creation. The story revolves around the...

Yes, but until that day comes, the powers that be will do everything possible and everything previously thought impossible to maintain the illusion of prosperity by debt based fiat currency. They have no choice and have no plan B, so debt by fiat it will be. The BRICS and non-US aligned...

The day I discovered Joe Hockey was just an economics shyster was the day, at the peak of the dotcom mania, while addressing the local business chamber he espoused "build it and they will come!" He is nothing but a cheerleader for whatever someone else is telling him. With dotcom his advice...

This new Joe Hockey tax is going to raise $500M per year apparently. Thinking back to that $8.8 Billion he gave to the RBA in 2013 when he was elected. He will need almost 17 years of this new tax just to cover that ridiculous financing of the central bank. Back then that $8.8B was worth...

There is no personal virtue or morality involved when one's income is taxed and redistributed by a bunch of career politicians. It's just theft under threat of violence from the state. Certain people may like to rationalise their action as other than compulsion by the state, but taxation has...

:) I think you make my argument better than I do, but the point is missed. That is that it is not possible to have utopian ideologies that deny or ignore those that seek power and control. They will, as you show so well, have out. It may well be considered extreme, but I am thinking it might...

Well it seems to me that regardless of core principles, they have all devolved into centralised hierarchical control structures over time. I'm drawing the conclusion that all ideologies are fundamentally flawed because they tend to define discrete systems, while reality is a complex and...

Are they not all ideological failures as I described?

The problem with Capitalism is the same as the problem with Socialism. That is, the lust for power and privilege by those that rise to the elite positions of control. In fact every ideological "ism" suffers the same "failing". But I don't mean a failing in the sense that the ideological "ism"...