Guess not…

Heat up an economy with HELOC and mortgage madness, short everything via CDS and other paper, kill the economy with sky high oil prices, Cha-Ching to the nth!

isn’t that the truth. People write books,long magazine articles etc. and there is more in that one sentence than any of them.

Clear Channel is bleeding cash after loading up in debt during its buyout by Bain Capital. The recession has hit radio and billboard ad revenues quite dramatically…layoffs are now in the thousands. I expect that they will next try and sell off some of their radio stations.

Clear Channel Faces Financial Crisis

Clear Channel Lays Off Thousands

next GM, then Ford.

Then we can get rid of the uaw.

as predicted…

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”

— Thomas Jefferson

I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country…Corporations have been enthroned, an era of corruption in high places will follow, and the money-power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in a few hands and the Republic is destroyed.

– Abraham Lincoln

Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital and deserves much the higher consideration.

– Abraham Lincoln

It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Every man is equally entitled to protection by law; but when the laws undertake to add…artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society – the farmers, mechanics, and laborers – who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their government.

– Andrew Jackson

Don’t be deceived when they tell you things are better now. Even if there’s no poverty to be seen because the poverty’s been hidden. Even if you ever got more wages and could afford to buy more of these new and useless goods which industries foist on you and even if it seems to you that you never had so much, that is only the slogan of those who still have much more than you. Don’t be taken in when they paternally pat you on the shoulder and say that there’s no inequality worth speaking of and no more reason to fight because if you believe them they will be completely in charge in their marble homes and granite banks from which they rob the people of the world under the pretense of bringing them culture. Watch out, for as soon as it pleases them they’ll send you out to protect their gold in wars whose weapons, rapidly developed by servile scientists, will become more and more deadly until they can with a flick of the finger tear a million of you to pieces.”

–Jean Paul Marat, 18th Century French Visionary