Where Progressive Thinkers and Truth Seekers Gather to be active Public Citizens and Peacfully Pursue Social Justice and engage in conversation and debate about Truth about Government and the Economy and Investing and where Freedom, Justice, Equality and Fairness aren’t just slogans but foundational Principles of Free and Humane Citizens who care about their brothers and sisters on this Earth. Civil Debate and Solution oriented thinking and educational resources and an intellectual community are welcome here. This is designed to be the ultimate town hall and resource for information and education and opinion to counter balance the increasingly homogeneous establishment news media and spin. In the spirit of JFK, RFK and MLK, this site seeks the path of peaceful resistance to injustice and the pursuit of freedom, justice, social justice and the Spirit of the real America.

Could our society implode on the race issue?

Our social issues are featured in our founding documents which, by the way, are not normally considered to be the "law of the land". For that we need to turn to the Constitution and any other documents considered to be siilar to by-laws or "governing documents", which - in our case would be statutes, the often rambling texts that seem so drawn out and boring with exceptions and conditions that in the end, he attempt o regulate nearly convinces readers they mean nothing. Thus, although we have had straightforward documents like the Emancipation Proclamation which promise equality, equality is not a law of the land or even a stated motto for the nation unless eventually interpreted to be such by the Supreme court.

Business becomes the villain? Is Hollywood Making money from Financial Crises?

in a small local newspaper, the kind we find full of many ads and little news which recently inroduced a column for a movie critic, the current issue carries a review of a remake of the western, The Magnificent Seven, this revision starring Denzel Washington. The scenario is changed from a Mexican Town to an American sounding locale, Rose Creek. And the villains are not bandistas/marauders, but have been replaced by "the deadly control of industrialist Bartholomew Boogue. . .

Limited best seller Inside Job: The Looting of the American Savings and Loans

Limited best seller of the not too distant past - Inside Job: Looting S&Ls
Submitted by Old and Gray on Sat, 08/27/2016 - 12:12.

Now, AT&T, the once proud flagship of American commerce uses outright fraud to boost earnings

Despite the choice of forum in the title above, we know it's not only energy, oil and communication addicted to fraud to make up for a sagging profit margin since our national motto is now Lie,cheat and steal. Revealed to us through this bit from Reuters -

Business | Mon Aug 8, 2016 1:59pm EDT

AT&T to pay $7.75 million for allowing sham directory-assistance calls

WASHINGTON | By David Shepardson


Another New Thought: Helicopter money and fiscal rules

Submitted by Old and Gray on Fri, 06/10/2016 - 18:46

by John Muellbauer

John Muellbauer, Senior Research Fellow, Nuffield College; Professor of Economics, Oxford University; and Senior Fellow, Institute for New Economic Thinking, Oxford Martin School.


His article was posted on voxeu.org 10 June 2016

A postscript to the Last Word

Couldn't resist this opening. Health advice takes a back seat for the moment.

There is one underlying truth that theorists disregard and it causes no end of trouble when new proposals are promoted from theory and are put into play.

Mark these words: I don't believe these O&G thoughts have been expressed in such precise terms previously.

Jobs and the NYSE

Reason has no standing in diagnosing how the NYSE market (or other major markets) responds to news. . . or any other bit of information.

The latest news, April 29, 2016

Here is Reuters' take on the market this early P.M.:

U.S. economy stalls in first quarter as activity weakens broadly


Markets | Thu Apr 28, 2016 1:11pm EDT


WASHINGTON | By Lucia Mutikani
U.S. economic growth braked sharply in the first quarter to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market.

Another Conference, many Consensuses!

Another conference, many competent economists participate, much learning distributed, no consensus except that it is "not working". Not only is that not scientific, but, if an honest, perceptive response is needed as to whether the economy is working or not, ask the next economically-untrained person encountered. As for voxeu.org -


Financial regulation: Not yet an efficient outcome

Angus Armstrong, E Philip Davis 22 April 2016


Since the Global Crisis, a number of regulatory policies have been discussed, proposed and sometimes implemented to address shortcomings in the regulatory framework. This column presents the views of the speakers at a recent conference on whether we have reached an efficient outcome. For most of the speakers, the answer was a resounding “no”.

The New IMF Fiscal Monitor for April, 2016 is available

. . And the same tired tune is being replayed.

Two Chapters with headings tells the story in brief:

  1. Chapter one, Navigating a risky world;
  2. Chapter Two, Fiscal Policies for Innovation and Growth

Public debt rises. emerging markets falter, and no one buys from anyone, which tends to shut down production and curtail employment opportunities.

Martin Wolf of the Financial Times weighs in on Donald Trump

Martin Wolf of the Finanacial Times may well be asking a question of "Why?" when he expresses his opinion of Donald Trump as a -

"Mr Trump is a promoter of paranoid fantasies, a xenophobe and an ignoramus." [And, tops it off with the conclusion that -] "Mr. Trump is grossly unqualified for the world’s most important political office."

Banks’ "culture" squeezing back into headlines.

Veteran Lender and Saldeck have been presenting thoughts on banks and their economic impact globally. Good reason is on their side. I culled through some of the papers of a few years ago and fell upon the Vicker’s Report of October, 2011 just about two weeks ago while moving one pile from one side of the room to another. The 356 paged report and responses seemed too timely a topic to call for mothballs, although it did rest undisturbed for a few years.

Interest rates, Money, Stalled Recovery and the Fed

The response of the FOMC and the Fed Board of Governors can be heard now, "What do you expect from us, we can only respond to conditions."

Well, yes. (In retrospect again.) The chosen road at journey's start establishes momentum, only goes one way, and there are no "turnarounds."

We're trapped on the one way street and any attempt to reverse ourselves will be met with shredded tires and ruined transportation.

Frank Hyneman Knight, teacher extraordinaire!

Frank Hyneman Knight, teacher extraordinaire!

Submitted by Old and Gray on Thu, 03/03/2016 - 10:38

Problems of here and now: Revisiting earlier economic thought.

Beyond Monetary Policies

Submitted by saldeck on Wed, 03/02/2016 - 05:22.

Finance ministers and central bankers met in China to discuss many of the problems for which they alone are responsable.
Neoliberal ideology has dominated world discourse. The mantra has been that the only viable policy for goverments and social movements was to give priority to something called the market.

Of course, allowing the market to prevail necessitated political action. The so-called market was never a force independent of politics.

Dell M&A financing set to close in on a $67 billion deal

Not too long ago the prediction was made here that we'll be on our way to witnessing nine figure deals in closings as the desire to grow to megalitihic proportions spreads through commerce. At the time we cited some eight figure deals halfway up the scale.

Looking forward to Market Activity today, 2-11-16, and the "No-Name Collapse"

Bloomberg Futures are not reassuring given the earlier stock market performances in the orient and Europe.

Hong Kong's Hang Seng index was down 42 to 2,539; China's Straights Times was off 12.5 at 2,589. Since the high in the past 52 weeks of 3,507 last April 15th, that is a casual drop of 26%! Nothing to sneeze at.

Historic Duffminster From Our Own Eisenhower...

Submitted by <Veteran_Lender on Mon, 02/08/2016 - 22:47.

Submitted by Eisenhower on Wed, 12/14/2011 - 14:24

Nasdaq and old age - To escape the Dark angel 403

The markets today are for day traders - and by day is meant some fraction of the day as many times over as possible during the period from 9:30 to 4:00.

The Outlook, after February 1.2016

Bloomberg headlines as of Monday, Feb. 1, 2016. Not optimistic at all!

Feb 1, 2016
Twitter Shares Jump on Report of Possible Silver Lake Deal
Feb 1, 2016
The Window to Buy Stocks Has Shut for Now: JPMorgan
Feb 1, 2016
Tracing Oil's Hypnosis of Stocks From Wealth Funds to Junk
Jan 31, 2016
Millennials Are Starting to Change the Stock Market


The articles, with a quick glance or two, do stimulate some serious thought in view of their underlying weaknesses; some that occur to O&G -


Since our last post was addressed toward an historical personality, perhaps we should extend the effort in the direction of another personality, not historical, but potentially so. . . and, that is toward the illustrious Donald Trump, a candidate for the office of President of the universe. . . or, still more!

Mariner Eccles

Mariner Eccles, who at times seemed to be a pre-Keynes Keynesian (difficult to visualize), by uttering little snippets which Keynes expounded on at length, was dealt with at length in the O&G Central Bank and Monetary Policy, a series of some three dozen "chapters" viewing Fed development from its founding in 1913 through the thirties and WWII tomore recetn "adventures".

Graphics in text mode : - ( - Edited 1-22-16

Apologies beforehand on my lack of working knowledge and familiarity with html and posting graphics on this site.

Nevertheless, a description is in order if it is only the second or third best means of conveying ideas. We've been through this in the tsunami, but a detailed step-by-step review may be worth the effort for new readers. Much of what is suggested here is common knowledge, but somehow escaping notice until we're deep into another recession or worse.

The New Year is here. . . ????

It should be interesting to see how the US Stock Markets put their recent program of misdirection to work from this point in time on. Do they entice the gullible back into the game long term, or is this no more than the hour or two of wandering in the wrong direction before the hammer descends and shuts off any hope of escaping a scalping?

Perhaps in the Lockean vein . . .

The return of the deadly 403 block forces the post here in response to saldeck.


This week's performance of NYSE traders is primitive; whether that falls within the Lockean paradigm or not we'll set aside for the moment. . . but, there is a suggestion of going back in time and changing motivation.

The other side of BIG and Demand

The books need to be balanced, saldeck, - at least theoretically - to demonstrate if your proposition of the new BIG is feasible.

That balance is the answer to the query, "Who pays for it?"

Seasons Greetings - from and to all

A smll corner devoted to social greetings - a taste of the seacon.

Outlook after the breathtaking interest rate rise

It would seem that 0.25% increase is the panic response of someone backed into a corner and threatened.

It will get us nowhere.

As for V_L's ‘War on Cash’. . .

Blythe Masters, the British beauty, exuding confidence, who played midwifery to the derivatives game, is now onto an expansion of the bitcoins fad. . . as though we need another means of creating havoc in our economies.

The 403 Corruption explained.

CNBC relayed a Reuters news article which claims that techniques reminiscent of Chinese hackers are being used to invade Google. The example displayed on the CNBC site Is nearly an exact duplicate of the notice O&G has encountered and the other members of Duff's posting members have reported.

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