TimingLogic's Blog

Reasoned, Relevant And Often Contrarian Commentary On Economics

TimingLogic

TimingLogic
Birthday
November 07
Bio
I'm an electrical engineer and mathematician by training. My career has spanned diverse areas of expertise from being part of a team which designed the world's most powerful computers to corporate consulting around business transformation and information-based solutions to being a corporate sales and marketing executive in the information technology and business consulting space. I’ve led teams responsible for innovative and transformative solutions and been part of teams that helped set strategy for many of America's greatest companies. Two of my interests are econometrics, democratic finance and quantitative - qualitative analysis. Over the years I have developed risk-based models and trading systems meant to identify significant investment opportunities and periods of extreme risk. My blog is an outlet for another of my passions, writing. I generally consider myself a contrarian. Therefore, many of my rantings are meant to encourage people to question what they believe to be true. Terms of Use & Disclaimer: First off, I don't take anything on here too seriously and you shouldn't either. These are simply sardonic rantings of Bill, my alter ego, often meant to agitate for peaceful & nonviolent reform. This web site reflects the views of its authors. It is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than its authors. The information on this site is provided for discussion purposes, comedic relief and entertainment only and are not investing recommendations. The authors may have positions in securities mentioned herein. Under no circumstances does this information represent a recommendation to buy or sell securities. While information discussed on this site was gathered from what are believed to be reliable sources, in no way is informational accuracy guaranteed. All information on this site may contain errors and omissions. Trading and investing involves high levels of risk. Always consult a licensed financial advisor or broker before making any and all investment decisions. Authors of this site and any sites which are fed by said site, including Open Salon and others, will assume no responsibility for the actions of the reader and user. Readers and users agree, as condition to accessing this site, to release and hold harmless this site's authors from all liability in connection with this site or any views posted on this site. All readers and users of this site agree that use of this site requires acceptance to the current Terms Of Use & Disclaimer and that current terms include any and all use and material from site inception. If you do not understand these statements in their entirety or do not agree to be bound by this current agreement, you must immediately discontinue use of this site. This Terms Of Use & Disclaimer may change at any time and it is the reader's and user's responsibility to review, understand and abide by any updates.

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DECEMBER 29, 2012 9:24AM

The Mythical Fiscal Cliff Part 1

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I’ll get my post about the mythical fiscal cliff up in the next week. There may be one or two minor posts I place ahead of it. Actually, it will probably be two posts to break it down but in the mean time I am going to include three links in this post. I am including these links because all three of these people are talking about topics I have discussed on here ad nauseam. And, they are all excellent primers that relieve me of much effort in rehashing the same topics in my upcoming post.

As I noted on here before, there is no fiscal cliff. The fiscal cliff is an imaginary boogeyman created by the corporate state and its masters of private, for-profit capital. Imaginary boogeymen that allow the corporate state to stomp on the face of humanity and perpetuate endless wars --- The same imaginary boogeyman that allowed the corporate state to throw more Americans in prison than even communist China; the war on crime and drugs. The same imaginary boogeyman that allowed the corporate state’s unconstitutional Patriot Act to pass Congress; the war on terror. The same imaginary boogeyman that has allowed the corporate state to run roughshod over the world with undeclared and unconstitutional military actions in countless countries like Yemen, Pakistan, Libya, Syria, Egypt, Sudan, Somolia; more on the war on terror. The same imaginary boogeyman that has allowed the corporate state to brutalize labor and deny Americans the basic dignity of health care and that has resulted in untold thousands, if not millions, of unnecessary deaths and sickness; the war on democracy. And, the same imaginary boogeyman that has allowed the corporate state of Germany, and to a lesser extent, France, to ruin the sovereign nations of Greece, Spain and soon to be other European economies; the war on democracy and sovereignty. And on and on and on.

The first link below is a video on the fiscal cliff by Dennis Kucinich. Then an op-ed by Cheri Honkola, who was once homeless herself and was also the Green Party candidate for vice president in 2012. And, most importantly, by Michael Hudson. Michael has been highlighted on here before and is probably the only economist out of countless thousands that I can cite as really understanding money and monetary economics. Seriously. The only one. There may be more but I haven’t seen them. That’s because they only learn what they are taught in university unless they have a desire to reject the voodoo we call modern economics. And, what they learn serves the perpetuation of the status quo’s bureaucracy in economics rather than any modicum of truth.

Kucinich video here.

Honkala comments here.

Hudson comments here.

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