Arkady's Thoughts

There is no easy way to say this, but the country that some of us love is broke.  Not broke in the whimsical sense or even shock value sense, but really broke.  To illustrate the example clearly, let's say you have a decent job and are making about 80k/year.  Not bad right?  Even living on the east coast you can achieve a comfortable living for yourself.  Go buy a a new Mercedes - you deserved it!   But wait , you have promised certain people that you will take care of their retirement and medical needs and they depend you, after all they did pay you premiums their entire life.  You can't very well back out on this promise now, they have completely changed their lives and need you to pay up.  You then discover that the cost of these obligations is anywhere between 640k-800k just for this year alone.  Should you get rid of that Mercedes or go trick more people into paying you premiums promising that you will take care of them? This is e...

This video here is a classic example of why the mainstream media and CNBC should be turned off, permanently.  Clueless, completely. Steve Leisman is a CNBC regular and apparently a spokesman for the clueless politicians who are in the midst of financial genocide.  The first two guests are trying to explain what has become quite apparent to anyone with a basic understanding of economics and Leisman unfortunately represents the majority of Americans.  If it were not a representation of general sentiment it would be funny. My only problem with Michael Pento's (the 2nd guy) approach is his reliance on CPI data which is at best questionable and at worst purposely fraudulent (so that our government can get away not paying Social Security). For those just joining us here. Inflation has only one definition and whether Leisman drinks crude oil is not relevant. Inflation is when the monetary supply expands.   That is it.  Notice how the two CNBC shills have ab...

As promised, here is my analysis of the one hour debate between four prospective Democrat challengers vying for the late Ted Kennedy's seat.  The four candidates are: Attorney General Martha Coakley U.S. Rep. Michael Capuano City Year co-founder Alan Khazei Boston Celtics co-owner Stephen Pagliuca. Let's quickly get to the point, the four candidates are extremely similar and appear to be creepy clones of each other citing traditional liberal talking points via embedded recording devices.  Their unique qualities can be summarized in the following manner.  Coakley thinks she is guaranteed to win and is extremely cocky despite being asleep at the job here in Massachusetts.  Capuano is extremely proud of his work as a member of the House and constantly makes it a point that only he knows the dirty tricks played in Washington and is capable of, as he puts it, "trading horses".  Khazei has a sense of humor about him and at least makes an effort to deviate ...

As the debate over health care reform rages on several powerful politicians are crafting a bill that will ultimately be voted on the Senate floor.  Today Harry Reid unveiled  an interesting spin allowing for states to opt out from the public option.  As you remember the version of the bill championed by Max Baucus did not contain a public option, however it is now being combined with a version from the HELP committee and that one did contain the public option.  Because of the relative unpopularity among senators and the public alike, Reid crafted a compromise that would theoretically be appealing.  What is especially odd about this move is the manner in which Olympia Snowe was "suckered" into voting for the version from the Finance committee while issuing a warning that she will not support a public option.  Therefore it certainly appears that promises were made in order to get some version out of the finance committee.  However Reid's proposals rais...

While the complexity of this topic can span pages, ZeroHedge has a fantastic synopsis .  Unfortunately much of the language is geared for people who understand the inner workings of our financial system, but an attempt to at least acclimate oneself is required.  I am currently working through the material myself and suffice it to say the intervention perpetrated by the Federal Reserve will have lasting effects and pain for many years to come.  What should have been a jolt to the system will now turn into a stagnant mess that may end in one violent fashion or another many years down the road. This is not an article about the housing collapse although securities are mentioned, but rather the financial run up to what most Americans know as the housing crisis of 2008.  In reality the housing bubble was nothing more than a subset of the much larger global credit crisis foisted upon the people of the world by benevolent central banks.  Do keep in mind that our free ...

House races are typically not worth mentioning considering the overwhelming number of them, but what is brewing in New York's 23rd district has possibly reverberations for the entire GOP and the country as a whole.  A proverbial schism appears to be underway, a shakeup much needed for the defunct Republican party.  This race is a microcosm of the out of touch Republican leadership clashing head to head with true small government citizens and the result of this race will pave the way for the future for conservatives/libertarians/independents.  The scoop. Dede Scozzafava a state assemblywoman and republican is facing Doug Hoffman of the Conservative party.  Scozzafava has officially been endorsed by the top leadership of the Republican party including heavyweights like New Gingrich Why this race has garnered national attention is due to the endorsements received by Hoffman a whose who of outsiders and known small government advocates like; Palin, Forbes, Sant...

A video showing Murtha's utter disregard for procedure that is so obvious, one does not require any knowledge of House proceedings to appreciate John's audacity.  What the voters of Murtha's districts are thinking is truly beyond me, considering Murtha has demonstrated several times his utter disdain for anyone not aligned with his principles. I am referring to of course the remark during the presidential campaign whereby Murtha insulted his constituency by calling them rednecks only because he failed to understand any other reason for why people would have objected to then candidate Obama.