Arkady's Thoughts

I have mentioned this several times previously, ObamaCare is one of the most deceptive pieces of legislation ever filed and designed to do one thing and one thing only - temporarily stem the bleeding created by decades of runaway government spending.  Using several powerful and emotionally arousing statements, ObamaCare is designed to cure what ails us.  Here are some of the popular claims. We have too many uninsured Americans (35 million, 45 million including illegals) America spends the most on health care than any other nation Despite spending the most on health care, we rank poorly compared to other nations We have a crisis due to skyrocketing insurance costs All of these claims supposedly add up to a crisis situation, but there is NO crisis.   Consider the following in response. Of the 35 million, less than half want insurance and cannot afford it.  The rest are either young adults who do not feel the need, people making 75...

Inevitably while exploring the nature of our frail financial system one gets awfully suspicious of the big bad federal reserve, an institution created by several bankers and politicians at the turn of the century in order to avoid banking panics.  Several core tasks of the Federal Reserve were to preserve and maintain the health of the American economy and avoid banking panics the likes of 1908.  A secondary and rather subjective task was to preserve the integrity of the US Dollar.  After eleven recessions, a great depression and the current financial crisis one would agree that the Fed failed.  Worse yet, since 1913 (The Fed's creation) the dollar has lost 95% of it's value, so that is another second failure.  A catastrophic failure of such proportion would send most private corporations into exile and permanent banishment, but since the Fed is the creation of Congress and the Fed's members are partially appointed by our Government - continued failure can be ...

No, this has nothing to do with liberals or conservatives or socialism or any of the other crap that we are used to hearing.  I present to you a video of one, Dr. Edwin Vieria Jr, a Harvard educated expert in the matters of money and how money works in America.  It is becoming apparent to me as I explore in more detail some of the profound historical changes that have taken place in America and their root causes.  Somehow, it all tends to lead to the exact same source.  While we can certainly discuss until the cows home the merits of government intervention, policy and how much of a social safety net we should, none of it means a damn bit when you realize that our government has the power to create money and put us in debt.  This may sound rather superfluous, but it is important in more ways you can imagine.  To get directly to the point, we are being held hostage by our Federal Reserve, but you do not need to believe me.  You don't even need to beli...

Below is an interview of Ron Paul on CNBC.  Steve Leisman is his usual obnoxious and pretentious self, but that is only because he has no idea what the hell Paul is talking about.  This is probably the best I have seen Paul as he sticks to the talking points and covers a wide range of important issues.   He does however make the usual Paul-like commentary that I have written about before whereby he makes allegations that he KNOWS are controversial. In this case the subject matter is too defense for most people and most certainly for the CNBC staff so they let him slide, but when Paul asserts that reserve banking is fraudulent he is walking a fine a line.  Before the Great Depression, it would have been considered fraudulent only because the dollar was backed by gold.   People deposited the gold into banks and banks issued certificates granting the ability to withdraw the gold.  As the gold sat there, banks figured they could make loans assumin...

Unions will be an ongoing subject here at RightCondition because of their paramount importance and their ability to prolong recessions.  From an economic standpoint unions prolong damage by refusing to cooperate on wages and by creating unbearable entitlements for companies.  Wage cooperation is the primary source of frustration because union bosses historically will never negotiate for lower pay even in the face of a contracting economy.  Even though our central bank is trying to inflate and expand our way out of yet another much needed contraction, deflationary pressures are visible throughout the business sector.  When credit dries up, as we have seen recently with banks refusing to lend, due to oversupply of goods (despite federal government trying to intervene), businesses must contract.  An oversupply of merchandise drives prices lower and businesses are forced to curtail production.  By curtailing production they dispose of investments and labor is...

This is a table of October's financial breakdown.  Top section is the receipts (income via taxes) and lower section is the government spending. Full report available from the Treasury. As you can see, 135 billion was brought in and 311 billion was spent.   October's deficit is now at: 176 billion!!  This is the 5th worst performance this year so far in total debt, 4th worst performance in terms of revenues and 4th worst in terms of outlays. Looking at the numbers, several things jump out. National debt:  We paid out almost 22.8 billion in interest alone!  That is more than we spend on veterans. National defense: We spent 67 billion on national defense.  This has grown too fast and MUST be scaled down.  We need to start closing down bases and seriously contemplate withdrawing from Afghanistan. (20 billion of this on operation/maintenance alone) Social Security:  65 billion. Department of health: 85 billion, although there is abou...

You read the title correctly.  One of the most liberal and misguided papers in America reported, not opined, reported on fraud involving job creation with stimulus money.  Somebody pinch me, this cannot be happening.  Have the intoxicating effects of the Kool-Aid begun to wear off or did near bankruptcy jog some reporter's brains?  Either way, this is a refreshing and welcoming article and one that should make any citizen of not only my state, but ALL states to be outraged and upset.  Before we examine the investigation, let me preface by saying that the 787 stimulus package more affectionately known around these parts as screwulus or porkulus was a disaster from the get to.  This is not hindsight talking, but rather common sense.  Many right of center and libertarian bloggers were outraged that the same practices that failed in the Great Depression were being implemented again on such a massive scale.  Our outrage only mounted upon discovering ...