Light Reading - 2011 Jan 11 TU

10 Things That Would Be Different If The Federal Reserve Had Never Been Created
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Little Timmy Geithner Says U.S. Government Is Insolvent
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US Import Bullets Drom Israel As Troops Use 250,000 For Every Insurgent Killed In Iraq And Afghanistan
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Thomas Woods Says We Are "Back On The Road To Serfdom"
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Obama Wants Internet ID For Americans
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Food Prices Hit All-Time High
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Surging Food Prices Are Sparking Riots All Around The World
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Millions of the world’s poorest people and the state of the global economy are threatened by the food price rises -- One poor harvest away from chaos
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Max Keiser's commentary on this article:

When you give people trillions in free credit – via the CBs and their intermediaries; the wealth custodians on Wall St. and elsewhere – they will try to figure out ways to make outsized profits with it. One sure fire way – is to destroy anyone who is not born into the aristocracy – a way to make more than slave wages. On this score we see the CB’s and their clients attack the globe’s population on two fronts. First, they use cheaply financed CDS to crash the sovereign bond markets in Europe – forcing governments to impose austerity measures (resulting in cheap labor). Second, they use cheaply financed agri-derivatives contracts to cause parabolic rises in prices for wheat, rice, and other food crops – forcing starvation and deprivation (resulting in cheap labor). The fall in bond prices is erroneously referred to by many in the MSM as ‘deflation.’ The rise in food prices is erroneously referred to by many in the MSM as ‘inflation.’ These neo-classical terms came about after the transition from a medieval economic model to a post-Enlightenment economic model. Neo-feudalism is the term I use to describe the return to the middle ages, economically speaking. Nothing will stop the current abuse of the system by the new ruling class until we end up back to an economy of land barons and serfs. This may take on a different form, as I have discussed; the land barons will be tech barons and the serfs will be farming on Facebook’s farmville for sustenance, but the idea is the same. The recent Goldman Sachs/Facebook deal bring the two together under one roof. How nice.

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