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June 26, 2009 PBS McLaughlin Group debates Medical Marijuana and Compassion Centers
included:
1- live in Boulder Soundboard
2- Honey in the Heart EP w/ remixes
will be at Camp Bisco
An extraterrestrial visitor examining the differences among human societies would find those differences trivial compared to the similarities.
Our lives, our past and our future are tied to the sun, the moon and the stars…We humans have seen the atoms which constitute all of nature and the forces that sculpted this work…and we, who embody the local eyes and ears and thoughts and feelings of the cosmos, have begun to wonder about our origins…star stuff contemplating the stars, organized collections of ten billion billion billion atoms, contemplating the evolution of nature, tracing that long path by which it arrived at consciousness here on the planet earth…Our loyalties are to the species and to the planet. Our obligation to survive and flourish is owed not just to ourselves but also to that cosmos ancient and vast from which we spring.
We are one species. We are star stuff harvesting star light.
There is no way to prevent the unwinding of leverage when the carrying costs exceed income and the more debt we as a society take on in trying to do so the worse things will get in the end, as we are simply adding to the pile of defaults that must occur.
I am quickly running out of possible scenarios to prevent a severe deflationary depression from taking place. By “severe” I mean 20%+ U3 unemployment, GDP contraction of at least 25%, and a possible loss of federal funding capacity leading to the immediate destruction of Medicare, Medicaid and Social Security, a 50% reduction of defense spending and near-complete-elimination of all other Federal Programs due to a “sudden stop” in the ability to fund Treasury issuance. Yes, it could get that bad, and it could happen a lot faster than you think.
I wish there was good news - “green shoots” - that I could honestly find and report. There are not. There is only more obfuscation and fraud, which I have and will continue to chronicle here in The Ticker, not so much in the belief that government gives a damn, but rather so that historians have it available later and, if the collapse I believe is possible does materialize, the angry proletariat with pitchfork and torch will know where to properly direct their wrath.
Government needs to lock up the psychopaths that have run the asylum for the last 20 years and let adults into the room to rationally discuss the inevitable and how to best deal with it. They’re refusing now, just as they did when Bush was President. This is not a partisan debate - even having lost badly in November the Republicans are wasting time with the same old canards about “Tax and Spend” instead of attacking the problem at the root: fraudulent credit issuance, much of which they championed and enabled themselves.
Happy Independence Day
