Real vs. Imaginary - the Liars vs. the Enablers - the "Stimulati" classes vs. the Productive classes - Part 2

One of the prime directives of this website is to make accurate and useful information readily available to the laboring classes, the productive classes, the so-called "little guy", the hoi polloi. The Internet is a wonderfully effective way of doing that, in no small part because of hyperlinking. Through the technology of hyperlinking, the uninformed person can look at a piece of information over and over until he understands it.

For example, compare Ben Bernanke's jargon-laden ("economese"), BS-filled speech to the Council on Foreign Relations to the educated opinion and straightforward speech of billionaire investor Jim Rogers who correctly said "Bernanke's never been right!" and Judge Andrew Napolitano, Congressman Ron Paul, investor Peter Schiff, and Lew Rockwell, president of the Ludwig von Mises Institute who said "they [government] know they're ripping us off".

Bernanke's Speech To Council On Foreign Relations - Part 1:


Bernanke's Speech To Council On Foreign Relations - Part 2:


Jim Rogers: Bernanke has NEVER been right! Become a Farmer 03-03-09:


Jim Rogers on Glenn Beck - March 4th, 2009:

Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 1:


Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 2:


Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 3:


Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 4:


Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 5:


Fox News Strategy Room w/ Judge Napolitano, Ron Paul, Peter Schiff 03/4/2009 Part 6:


Jim Cramer on MSNBC's Morning Joe:


Warren Buffett is nowhere near as full of bull as Ben Bernanke is, but even though he says things like, "the economy has run off a cliff", notice how he has a hard time answering a "yes or no" question because he's kind of been on Obama's side, but obviously doesn't like all the things Obama is trying to do. Spinning mealy-mouthed weasels though Buffett and Bernanke are — Buffett's Berkshire Hathaway has been stripped of its AAA credit rating by Fitch — you can still learn a lot about the jargon of economese by listening to them and then comparing what they say to what the truth tellers say.

Warren Buffett - The Economy Has Run Off a Cliff pt. 1:


Warren Buffett - The Economy Has Run Off a Cliff pt. 2:


Under construction . . .

Prepare and Educate Yourself - Glenn Beck - March 4th, 2009:

Please, Read These Books - Glenn Beck - March 4th, 2009:

RECENT VIDEOS, ARTICLES, COLUMNS, AND STATEMENTS:

Berkshire Loses Top Rating on Investments, Buffett Role - CNBC - "Warren Buffett's Berkshire Hathaway was stripped of its 'AAA' credit rating by Fitch, barely hours after S&P cut General Electric's top-tier rating, as the global financial crisis pummels America's corporate titans . . . 'Fitch views the company's potential earnings and capital volatility derived from its large, unhedged market exposures as inconsistent with the stability required at the 'AAA' level,' the ratings agency said in its statement on Berkshire."

Blog: Fitch Downgrade of Berkshire Hathaway Reflects Industry-Wide Concerns About Financial Companies - CNBC - Warren Buffett Watch - "Fitch believes that 'AAA' ratings are not appropriate at the holding company level for financial-oriented enterprises given significant market volatility and correlation of risks under stress, recently observed throughout the global economy."

45 percent of world's wealth destroyed - Blackstone CEO - Reuters - "Private equity company Blackstone Group LP (BX.N) CEO Stephen Schwarzman said on Tuesday that up to 45 percent of the world's wealth has been destroyed by the global credit crisis. 'Between 40 and 45 percent of the world's wealth has been destroyed in little less than a year and a half,' Schwarzman told an audience at the Japan Society. 'This is absolutely unprecedented in our lifetime.'"

U.S. household wealth falls $11.2 trillion in 2008 - Reuters - "U.S. households suffered a record 9 percent drop in wealth and pared debt in the fourth quarter as a deepening recession battered confidence and finances, Federal Reserve data showed on Thursday. Household net worth dropped by $5.1 trillion from the prior quarter to $51.5 trillion. For the full year, net worth dropped by $11.2 trillion, reflecting steep declines in the housing and stock markets. The declines in household net worth were the largest since quarterly and annual records began in 1951 and 1946, respectively, said the Fed — the U.S. central bank."

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