Saturday, December 3, 2016

"Anti-elite sentiment is rising on both sides of the Atlantic"

"If Italians buck the establishment—and it looks like they will—it will clear a path for a populist party to take power and for Italy to exit the euro.

Nations are not ruined by one act of violence
but quite often, gradually, and almost imperceptibly
by the depreciation of their currency through excessive quantity

Nicolas Copernicus
Discovered Earth was not the center of the Universe

If that happens, the fallout will be catastrophic for global markets. The Financial Times recently put it this way:

An Italian exit from the single currency [c]ould trigger the total collapse of the eurozone within a very short period.

It would probably lead to the most violent economic shock in history, dwarfing the Lehman Brothers bankruptcy in 2008 and the 1929 Wall Street crash.

...A “Yes” vote is effectively a vote of confidence in the current pro-EU Italian establishment. This is what the global elite wants.

A “No” vote is how the average Italian can give the finger to the faceless EU bureaucrats in Brussels, whom many blame—quite correctly—for their problems.

Trump’s win has been a double whammy for Italy’s pro-EU establishment. humiliates and politically castrates Matteo Renzi, the current Italian prime minister. Renzi took a rare step when he openly endorsed Hillary Clinton. He was the only European leader to do so.

As one of Renzi’s rivals said after Trump’s victory, “Matteo Renzi is politically finished from today, he’s a dead man walking.”

Other Italian politicians are furious that he weakened Italy’s standing with the new Trump administration.

It’s hard to see how Renzi could get himself out of the hole he’s dug.

...In 2007, Beppe Grillo, an Italian actor and comedian, launched Vaffanculo Day. “Vaffanculo” is Italian for “f*** off.”

Grillo and his followers used V-Day to bluntly express their displeasure with Italian establishment politicians, using imagery from the movie V for Vendetta.

Now, what started out as a joke has become Italy’s most popular political party…

V-Day helped organize Italians frustrated with their political system. It gave birth to the Five Star Movement, Italy’s new populist political party.

Grillo’s Five Star Movement—or M5S, its Italian acronym—is anti-globalist, anti-euro, and anti-establishment. It doesn’t neatly fall into the left–right political paradigm.

According to the latest polls, M5S is now the most popular party in Italy. It won mayoral elections in Rome and Turin earlier this year.

M5S is riding a wave of populist anger at entrenched political elites over economic stagnation. Italy has had virtually no productive growth since joining the eurozone in 1999.

There is no means of avoiding the final collapse of a boom
 brought on by credit expansion

The question is only whether the crisis should come sooner
 as a result of  abandonment of credit expansion
 or later as a final and total catastrophe of the currency system involved

Ludwig von Mises

M5S blames Italy’s chronic lack of growth on the euro. A large plurality of Italians agrees.

M5S has promised to hold a vote to leave the euro and return to Italy’s old currency, the lira, as soon as it’s in power. Under the current circumstances, it would probably pass.

After the Brexit vote and Trump’s win, M5S has joyfully predicted that Renzi will be the next casualty in the global populist revolution.

Grillo recently wrote:

It's crazy. This is the explosion of an era. It's the apocalypse of the media, TV, the big newspapers, the intellectuals, the journalists… This is a wide-ranging F*** off.

...A populist tsunami is about to wash through Europe. It will drastically change the Continent’s political landscape in a way not seen since before World War II.

Every great advance in natural knowledge 
has involved the absolute rejection of authority. 

Thomas Huxley

This wave will flush away traditional “mainstream” parties and usher in anti-establishment populists who want to leave the European Union.

It’s already hit the UK in the form of Brexit, killing David Cameron’s pro-EU government in the process.

Croatia, Hungary, Poland, Slovenia, and Greece already have populist, Eurosceptic—or “non-mainstream”—parties in power.

Italy is the next flashpoint.

A “No” vote in Italy is virtually assured at this point.

But it won’t be the end of the anti-elite surge. Voters in Europe’s biggest countries could soon throw out their “mainstream” parties in favor of populist and Eurosceptic alternatives."
Russell Clark; "A darker less safe world"

Justin King; "We are now in the fourth stage of the cycle of insurgency"

"The Rise of the Unprotected"

"Economic Underpinnings of the U.S. Revolutionary War"

Heard Spice Cantina went under...along with a couple hundred thousand Greensboro taxpayer dollars

"1969 Greensboro uprising"

KKK, Nazi Communist Shootout; "City Response"

John Locke Foundation's Sam Hieb, and the N&R's Joe Killian and Susan Ladd; "Ask Mike Barber about the Klan-Nazi shootout"

Twitter pulls 12 3 2016; "KKK just came through Roxboro. Battle flags & shouting "WHITE POWER!"

"Ratings for professional football are down 27 percent across all of the major networks"

"ESPN, Fox, NBC and CBS

The decline in the ratings underscores a bigger truth that no one wants to face: Nothing lasts forever. And that includes the popularity of professional football, which now may be experiencing the slow, inevitable crumble of a Roman-style empire.

If the National Football League’s revenue
comes from television contracts, licensed paraphernalia, and ticket sales
and divided up between teams in two conferences
and special interest and corporate contributions
are relatively divided up between two political parties 
depending on who currently holds more power
do most fans and constituents tend to cheer for their team 
even though the financial foundations of both systems
enrich both sides of the same businesses
who exclude all and/or most of the nonaffiliated from participation?

Isn't the R and D parties really the AFC and the NFC? 

...It’s a slate spread too thin: too many slots, too few compelling matchups. Even so, with a far shorter schedule than professional basketball and baseball, the demand for football has, until recently, remained high.

...Although NBC’s two games after the election did see a boost, the network’s Kansas City-Denver game had a double-digit drop compared to the same time last year.

...The fall of Rome seemed unthinkable to people at the time, but inevitable to historians reflecting upon it with the benefit of context. At their height, gladiator contests made war a diversion, thousands charged into majestic amphitheaters, including Rome’s Colosseum, to watch hundreds of gladiators slay wild beasts and each other.

The first truth is that the liberty of a democracy is not safe
if the people tolerate the growth of private power
to a point where it becomes stronger than their democratic state itself

That, in essence, is fascism
ownership of government by an individual
by a group or by any other controlling power

Franklin Delano Roosevelt

Such was the case until at least the early 5th century AD, as the disapproval of Christians and philosophers grew. When the philosopher Seneca wrote of his impressions of the contest, he was sharp.

“Now finesse is set aside, and we have pure unadulterated murder,” Seneca wrote. “The combatants have no protective covering; their entire bodies are exposed to the blows. This is what lots of people prefer to the regular contests… And it is obvious why. There is no helmet, no shield to repel the blade. Why have armor? Why bother with skill? All that just delays death.”

The rise of Christianity also made the games “culturally unacceptable” because of the money, betting and partisanship involved...  So the emperor began to limit the number and scale of gladiator contests until they were phased out.

If democracy is government by the people, plutocracy by the wealthy
oligarchy by a few, aristocracy by nobility, theocracy by clergy
corptocracy by business and autocracy by one 
who has what where, and who’s on who’s side and why?

America appears to be a corptocracy, plutocracy and oligarchy
supported by aristocracy and theocracy from abroad
who purchase our military might with nice things for our oligarchy

...plenty of parents are refusing to let their children play the sport due to the risk of head injuries. The more we learn about chronic traumatic encephalopathy (CTE), a progressive, degenerative brain disease that has plagued scores of professional players, the harder it becomes for many of us to watch the gladiators out on the field. And the more we know about players committing violence off the field, especially against women and children, the more we — like Seneca — turn off altogether.

...Other reasons for football’s demise have been well reported: Our technological advancements leading to the rise of cord-cutting, the mushrooming of electronic sports, and the lure of a second, or third screen (often tied to a fantasy game) are all putting chinks in the modern-day coliseum. A demographic shift, including an increase of soccer-loving fans to the US from around the world, may have broadened sports lovers’ passions beyond the gridiron, too. Increasingly, football fans are arguing that the game is bloated with too much down time. The officiating is clumsy.

For viewers at home, replays and commercials have overwhelmed what game play actually happens. The league lacks a powerful narrative right now, like the Chicago Cubs reversing their 108-year-long hex.

After Christianity killed off gladiatorial combat, Roman fans switched to chariot racing, “which flourished massively as a result,” Heather said. The ascent of the blood-soaked culture of the UFC demonstrates that Americans’ thirst for violence has far from disappeared, but rather migrated to a new Coliseum next door.

Current leadership dependent on the status quo is corrupt
as the Romans faced with Christianity

The wants of a few who know outweigh the needs of many that don’t
until enough of the many figure out it's all bullshit

The UFC’s worth is estimated at $4 billion or more, with gyms and events popping up worldwide. After a long battle, New York state finally legalized the sport, opening up Madison Square Garden for professional cage fights.

Corruption of the political, capitalist and information systems
negatively influenced economic performance and consumer behavior
through legislation, budget appropriation, regulation and taxation
to benefit a few at the expense of many

For better or for worse, fans have a new place to celebrate muscles and gore, free from leaden rules and commercial breaks but filled with intense drama and action. Football, like boxing, will never go away...  The change will be glacial, not instant. And mixed martial arts may just be the chariot-racing alternative of our time."

Sarah Palin slams Greensboro for 'crony capitalism' deals

"Sarah Palin criticized Greensboro on Friday for a deal City Council struck with Natty Greene’s Brewery for a $387,500 incentive, condemning it as "crony capitalism."

Greensboro City Council unanimously signed off on the deal
which included Tony Wilkins
who won't ask a cogent question about Greensboro's subsidization of Say Yes

In an op-ed for the Young Conservatives website, Palin wrote that Republicans oppose the kind of government deal making mayor Nancy Vaughan made with the company, joining in with a chorus of conservatives who have said it violates free market principles.

Andy Zimmerman anyone?

"Foundational to our exceptional nation’s sacred private property rights, a business must have freedom to locate where it wishes," wrote Palin, the 2008 Republican vice presidential nominee. "In a free market, if a business makes a mistake, threatening to move elsewhere claiming efficiency’s sake, then the market’s invisible hand punishes."

"Thankfully, that same hand rewards, based on good business decisions," she continued. "But this time-tested truth assumes we’re operating on a level playing field. When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent."

Greensboro's City Council also approved a $1 million incentives package
for Revolution Mill owner Self-Help Ventures Fund
tied to Councilmember Nancy Hoffmann's business partner 
and DGI board member Nick Piornack, 
who Hoffmann voted $200,000 for, which Piornack's company defaulted on
without the News and Record informing the public of

The deal included tax subsidies over 10 years to keep some of the jobs that were planned to be exported.

Palin wrote that the "illogical precedent" leads to special interests manipulating markets.

Roy Carroll, Republican parasite
who doesn't give a shit how much he can take taxpayers for

Marty Kotis, Republican buyer of City property 
for pennies on the dollar in unannounced auctions
and skimmer of tax breaks for a Sheetz next to a government funded highway,
and a sweet $600,000 to design a bike path from all the City Council members he funded

"Republicans oppose this, remember?" she wrote. "Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail."

She continued, adding that the "picking and choosing" which companies receive "corporate welfare" is roiled by fiscal conservatives and is a "hallmark of corruption" and "socialism."

"A $20 trillion debt-ridden country can’t afford this sinfully stupid practice, so vigilantly guard against its continuance, or we’re doomed," she said, adding, "However well meaning, burdensome federal government imposition is never the solution. Never. Not in our homes, not in our schools, not in churches, not in businesses."

"But know that fundamentally, political intrusion using a stick or carrot to bribe or force one individual business to do what politicians insist, versus establishing policy incentivizing our ENTIRE ethical economic engine to roar back to life, isn’t the answer," she wrote, adding, "The lines strangle competition and really, really, dispiritingly screw with workers’ lives."...

Greensboro's taxpayers just voted for millions
to be redistributed to our community's oligarchy
and most don't know, as the News and Record propaganda made it look great

Greensboro Mayor Nancy Vaughan; "If I Could Be Just Completely Honest For A Second, I Believe Exactly What You Believe"

Matheny. Lomax, Hammer, Barber and Vaughan; Greensboro is Corrupt; An Adaptation as our press has been compromised

Greensboro Mayor Nancy Vaughan doesn't know she's incompetent

Questions on the Kotis real estate deal etc...

The following censorship instructions issued to local media organizations, has been leaked, distributed and adapted online.

Same Crony Capitalism, Different Year, Still Zack Matheny, Nancy Vaughan and Nancy Hoffmann's friends and contributors

Sounds like the Lee Comer money and street are a joint Dawn Cheney / Nancy Hoffmann project; Linkfest

Today's News and Record Letter to the Editor on Nancy Hoffmann, and a Hoffmann Linkfest

DGI $ and favoritism for Nancy Hoffmann's on Elm Street with DGI money she voted herself via her incoming tenents

From a thread at Greater Greensboro Politics on Nancy Hoffman's Crony Capitalism and Self Dealing

How Greensboro works, Nancy Hoffman edition

City Councilwoman Nancy Hoffmann signs authorization for tenant to recieve taxpayer money she voted for

"Key downtown property owners [who have received a great deal of Greensboro taxpayer money] back DGI for contract" [for their lobbyist, Zack Matheny]

Pay to Play; Revolution Mill Business Development Manager Nick Piornack's unreported Jamal Fox Campaign Contribution

Guess who owns Jamal Fox? Crony Capitalists in Greensboro Edition

Jamal Fox misleads Guilford County Board of Elections and Greensboro's African American Community

Marty Kotis angling for more city of Greensboro money, using taxpayer funded Zack Matheny as his lobbyist; "City might help"

Obamacare; "A friend in New York received a call from his stepmother in North Carolina"

"She was upset and scared. In recent years, this woman, who I will call Sally, has grappled with ill health. She was recently refused disability benefits and has a very tight household budget, existing on $1,400 a month. But now she has been hit by another blow. Two years ago she joined the Obamacare health scheme, paying $356 a month in premiums. But last month she was told that the cost had jumped to $1,115 — or $631 with Sally’s tax credit.

An economist might state that this simply reflects hard economic logic: Obamacare was never going to be able to offer low premiums indefinitely, since fewer than expected healthy people signed up and some insurance companies dropped out.

Unsustainable without artificial stability
provided by the government and central banks

But Sally and her family don’t care much about economic logic.

What they face is the threat that their healthcare bills will double, seemingly inexplicably, and consume half their entire monthly income...

...while logic might suggest that many households should feel “grateful” for the arrival of Obamacare, I suspect this is outweighed by anger over rising premiums.

...when Sally looked deeper into the Obamacare system, with the help of a third-party adviser, she eventually found a way to cut through the complexity of the website and the bureaucracy to extract tax credits. As a result, it seems her bill may fall back to $241...

$1,115 - $241 = $874 per month covered by 'taxpayers'
on top of $1,400 per month for disability = $2,274 per month covered by the 'government'
times the millions in the same situation while Big Pharma and the health care industry 
walks with massive profits at the expense of everyone else

That sounds comforting. But there is a catch. Sally has cut her bill because she is savvy, determined and well-educated enough to fight back. Millions of other Americans are not; least of all when faced with the hellish complexity of the Obamacare system and the shockingly user-unfriendly website.

If most are too stupid to figure out how to play,
and then figure out how to get others to subsidize Pfizer's profits,
the whole shit house is going to burn down
and the CEO's and other executives are going to walk away with the money
and get off the hook after buying themselves the politicians who enabled it
with a few more thousand a piece

And even though Sally has not lost out financially, she does not feel remotely happy; on the contrary, after seeing $356 turn into $1,115 and then $241, she is terrified about what shocks might hit next. “This is the part that really scares me — [the risk of] owing thousands at the end of the year [from tax credits],” she says.

Or to put it another way, Obamacare is not just a tale about healthcare and costs; it is also a story of people who feel trapped in a capricious system that they don’t understand, much less control."

An email sent to Say Yes to Education folks this morning;

Skip said there is a little more than $10 million in hand and a little under $41 million pledged.

Correct me if I didn't hear that, but that's what it sounded like Moore said, but didn't show up in the News and Record article. I told Donnie that's what I was operating on unless I heard different, and I haven't.

Walker Sanders told me the Community Foundation of Greater Greensboro was charging its normal rates to manage the money

That's inexcusable. Skimming like that off of money meant for poor kids.

One of the speakers told the audience Guilford County was the third Chapter which doesn't appear to be true

I heard about 5 times the money is coming in over the next 4 to 6 years.

Say Yes has misled the public by giving the impression it's got the full $41 million.

Still don't have any numbers on how much was given out.

If Say Yes gives $2 million, $1,000 each for the whole school year, they just gave out 20% of the money in hand.

Leaves $8 million.

At 0% return, another $7.5 million comes in ($30 million / 4) next year, but the students double.

Say Yes pays out $4 million on the new class on top of the first one, leaves about $11.5 million, not counting what the 'foundations' and whomever else takes out of the pot.

Same math plus another class the next year with 2,000 more scholarships leaves about $13 million.

Same math plus another class the full 4 classes going at the same time leaves about $12.5 million.

See the problem? If another $7.5 million doesn't come in the next year, Say Yes is left with $4.5 million, which wouldn't cover the following year.

If a whole lot of new money doesn't come in over a long period of time, Say Yes runs out of money in less than 10 years, so don't go around telling grade school kids their college tuition is going to be covered, because it's probably not, which is most likely how all those other Say Yes chapters went under, and why the state stepped in for Syracuse.

It's time for some adults to step up and tell the truth, which Skip and friends have been hiding for more than a year.

It starts with actual numbers to crunch.
Now the time has come to get some answers from Say Yes now that the operating committee etc... is in place, and most know what the issues are.

Then the answers need to be reported by our local news outlets, which has a 80/20 chance of not happening.
I handed out about 100 fliers of this at the meeting; "Say Yes to Education and Say Yes Guilford Unanswered Questions"

Friday, November 11, 2016 7:40 pm; "Council for Say Yes will hold public meeting Monday"

Say Yes to Education Red Flag; Mary Vigue; She is about to be in charge of more than $25 million for a 'non-profit' after shafting City of Greensboro employees out of investment fee cuts

Mary Anne Schmitt-Carey; President at Say Yes to Education, Inc.; Professional Fundraising Organization

David Colin; Just Say Yes raises lots of questions

Say Yes to Education Independent Contractor Compensation the News and Record's Susan Ladd failed to report

Say Yes to Education, Inc. (Say Yes), and Say Yes Guilford appears to be a legal Ponzi scheme and/or a Racket

How the Triad Business Journal got played for chumps by Say Yes to Education and Say Yes Guilford

On October 3, 2015, Guilford County's Board of Education was shown a "Full Tuition Scholarship Incentive" plan, for every GCS graduate who goes to college

Monday, November 16, 2015, I crashed the Say Yes to Education and Say Yes Guilford meeting at Smith High School and passed out fliers asking the following questions;

Say Yes to Education and Say Yes Guilford are saying they are going to cover the last dollar costs between financial aid and total tuition

Triad City Beat Lying to their readers and Guilford County's rising seniors about Say Yes to Education

"Guilford commissioners hear update on Say Yes"

Say Yes Guilford Questions for Guilford County Commissioner and School Board Candidates

"Obtain free college tuition by “Saying Yes” to education"

"Some parents find it hard to believe their child is now eligible for free college tuition simply because they’re graduating from a public school in Guilford County."

City of Greensboro Public Information Request on Say Yes to Education; "Say Yes to Education designee on the Operating Committee, Scholarship Board and Community Leadership Council"

The News and Record's Jessie Pounds; "Guilford County Schools' seniors can sign up for Say Yes scholarships"

Ponzi? From Say Yes to Education's 7/1/2014 to 6/30/2015 IRS 990 tax form

Dear Donnie Turlington and Mary Vigue; Please explain why Say Yes to Education's money is in Central America

Say Yes to Education's amazing, quite unbelievable investment performance

George 'Say Yes to Education' Weiss and Associates;"...the hedge fund portfolio reportedly returned more than 50% per year on an annual basis", except for when it didn't

Former City of Greensboro Assistant Manager Mary Vigue used her position to personally profit via Say Yes to Education and Say Yes Guilford

Gag order and censorship for Guilford County teachers by Say Yes to Education and Angela Jackson of Guilford County's Association of Educators

George Weiss doesn't mind using massive leverage and illegal tax avoidance

One Dollar; "Resolution Requesting Approval of Lease Agreement with Say Yes to Education"; Tuesday, November 17, 2015

George 'Say Yes to Education' Weiss and Associates;"...the hedge fund portfolio reportedly returned more than 50% per year on an annual basis", except for when it didn't

Friday, November 11, 2016 7:40 pm; "Council for Say Yes will hold public meeting Monday"

Former City of Greensboro Assistant Manager Mary Vigue used her position to personally profit via Say Yes to Education and Say Yes Guilford

Ponzi needs a new town; Jul 25, 2016 4:59 AM; "Say Yes to Education" program could mean free college for Louisville students"

Susan Ladd's oldest daughter appears to be in line for a Say Yes to Education scholarship

There hasn't been a news story out of Louisville on Say Yes to Education since; Boris hasn't called with questions yet

The City of Greensboro's former Assistant Manager Mary Vigue, now Say Yes Guilford Director, was directly responsible, along with City Council and other City staff, for doing Greensboro's employees wrong

"City of Greensboro, mayor sued over access to public records" by Roch Smith Jr.

More on what Say Yes to Education promised Guilford County students and parents

Let's not forget what Guilford County School parents and students were told; "New Say Yes to Education partnership means free college tuition for Guilford County students"

Remember what they told the kids; "Guilford County Says YES to Education - and Yes to College Tuition!"

How it began in Guilford County, only different; "City, schools working on $100 million effort to provide free college to Louisvillians"

"See Jane Lose"; How Say Yes to Education's Mary Vigue, Greensboro Mayor Nancy Vaughan and Tony Wilkins betrayed the City's employees

Gag order and censorship for Guilford County teachers by Say Yes to Education and Angela Jackson of Guilford County's Association of Educators

If Say Yes Guilford has $35 million,...

$832,000 Payoff; "Buffalo Public Schools award the contract to Say Yes for community program"

Richard (Skip) Moore's misleading statements; "8 Things to Know About "Say Yes To Education"

Oblivious Buffalo News Editorial Board "Say Yes is leading a vital improvement in the number of college-bound students"

Why did the Hartford Chapter of Say Yes close in June 2005?

Alan Duncan and Amos Quick; "Through Say Yes to Education in Syracuse, Contreras has worked with her community..."

Wednesday, June 29, 2016; New Guilford County Schools Superintendent Sharon Contreras' = Say Yes to Education, Say Yes Guilford and Say Yes Syracuse = Say Yes now owns Guilford County Schools

Thursday, June 30, 2016; Say Yes to Education's amazing, quite unbelievable investment performance; This is a George Weiss special

Thursday, June 30, 2016; John Hammer on new Guilford County Schools Superintendent Sharon Contreras and Say Yes to Education

Wednesday, June 29, 2016; WEDNESDAY, JULY 29TH 2015; "The Say Yes to Education program has closed its Syracuse office"

Thursday, June 30, 2016; Say Yes To Education-- The E-mails: Part 1

Friday, July 1, 2016; Say Yes To Education-- The E-mails: Part 2

Friday, December 2, 2016

Andrew Brod on 'winning' Federal money via his crony friends at the City of Greensboro

"It was more than a year ago when the City of Greensboro announced the winners of its Strong Cities, Strong Communities (SC2) Challenge, a federally funded contest to come up with the best economic-development ideas for Greensboro. ...One of the finalists was Cityfi, the proposal submitted by me...

...I don't have a stake in whether Greensboro adopts Cityfi or some other program for internet access.

I've already received my cash prize, and I get to keep it even if the City of Greensboro completely blows off the Cityfi concept (which is apparently what it's been doing for more than a year anyway).

...I was merely a contestant.

With some buddies at the City who were judges

As for whether SC2 really was a pointless give-away, well, that comes down to what -- if anything -- the City does now.

Greensboro was given a $1 million federal grant to use for prizes...

Somehow if the federal government gives it away
it's ok for Andrew to get as much as possible,
even though it's charged to all our kids as debt

...I guess the whole thing will turn out to have been pointless.

Other than the cash Andrew put in his pocket
some of which came from everyone else's pockets

But if Greensboro ultimately creates great things from the winning SC2 concepts, then the City will look very good for having participated in the SC2, even to fiscal conservatives who aren't Tea Party ideologues.

Finally, if "I got mine" is directed at me (and I can't tell for sure that it is), then it's a gross misrepresentation of what I said.


My point (as I'll bet everyone else understood) was simply to note that my advocacy that the City of Greensboro implement Cityfi isn't because of pecuniary self-interest on my part."


"We live in a society driven by debt"

"Cars, for example, have become hugely expensive (even on the low end) relative to what people can afford – because of the easy availability of credit. Which is the nice word used to speak about debt, intended to encourage us to get into it.

It takes at least $15,000 or so to drive home in a “cheap” new car, once all is said and done. And the “cheap” car will have to be registered, plated and insured.

It runs into money.

And most new cars cost a lot more money.

Which most people haven’t got.

So they get debt.

A loan.

Which, when it becomes commonly resorted to as a way to live beyond one’s means as a lifestyle, drives up the cost of life for everyone. Including those who try to live within their means – or better yet, below them.

Easily obtainable debt obtained by many who probably won't be able to pay it back
is kicking a can, as long as the central banks can contain the fallout
until they can't

When most people (when enough people) are willing – are eager – to go into hock for the next six [to seven] years in order to have a car with an LCD touchscreen, leather (and heated) seats, six air bags, a six-speaker stereo, electronic climate control AC and power everything – which pretty much every new car now comes standard with – the car companies build cars to satisfy that artificial demand.

Artificial demand creates higher levels of real risk

Artificial because based on economic unreality.

Economic unreality leads to higher levels of real instability

That is a good way to think about debt.

It is nonexistent wealth.

The economy is relatively fake

You are promising to pay with money you haven’t earned yet.

And maybe won’t.

Think most of  the recent college graduates will be able to pay back their loans
with jobs that pay half of what they did ten years ago?

The car market has become like the housing market – which has also been distorted by debt to a cartoonish degree. The typical new construction home is a mansion by 1960s standards. Not that there’s anything wrong with living in a mansion. Or driving a car with heated leather seats [etc...].

Provided you can afford it.

Most people can’t.

One paycheck away

One hospital visit away

One auto accident

One arrest

One layoff

Normally, that fact would keep things in check.

Not while the banks are handing out cash, much of which won't be repaid,
but it's okay as long as the central banks can maintain a passive existence
until they can't

...We wouldn’t be living in this economic Potemkin village that appears prosperous but is in fact an economic Jenga Castle that could collapse at any moment.

...Like the housing industry, the car industry has ceased building basic and much less expensive cars because of easy and grotesque debt-financing.

Which is tragic.

There ought to be (and would be) a huge selection of brand-new cars priced under $10,000 were it not for the ready availability of nonexistent wealth (.e., debt and credit).

Easily obtainable artificial debt = Artificially higher prices = Ponzi

Cars many people could pay cash for..."

Awesome Sauce in the Job Market from a "fake" news outlet and some News and Record propaganda
Add caption
Americans Not In The Labor Force Soar To Record 95.1 Million: Jump By 446,000 In One Month

Is it fake news or real news the purveyors of fake news don't want you to understand?

Allen Johnson and Doug Clark of the News and Record 
must be on the real news side;

 "...fake stories have seeped in the mainstream, especially during the presidential campaign. One reported that the pope had endorsed Donald Trump and another that Hillary Clinton was using a body double.

How about not reporting how Warren Buffett's Clayton homes
rips off poor people, which the News and Record didn't report?

...Hillary Clinton is a “demon from hell.”

You can’t make this stuff up. (Well, apparently, you can.)

Some say the fake news issue is itself a form of fake news — overblown and hypocritical. They point to instances over the years when professional journalists contrived stories (Stephen Glass of the New Republic and Jayson Blair of The New York Times come to mind).

How about Greensboro's non-riot, 
which the News and Record reported as true, which didn't really happen, 
as the City of Greensboro invited the mostly black youths downtown 
to watch a movie starring mostly white people? 

They have a point; traditional media at times do fall short.

How about helping George Bush lie us into the Iraq war?

But such cases are exceptions, not the rule.

How about not reporting who gave to North Carolina politicians
who supported and passed HB2 afterward?

By contrast, the sole mission of the fake news industry is to make things up, for political gain or profit.

The News and Record makes up news or doesn't report it
for the benefit of Greensboro's elite and Warren Buffett

...What does seem clear is that there is a problem.

Which the News and Record is part of, 
as they will most likely not inform their readers of the 'real' unemployment stats
underlying the bullshit the federal government propagates

Increasingly, more Americans can’t seem to agree on facts, much less opinions. Even if such stories are not fully accepted as real, they can create confusion — and enmity toward legitimate fact-checkers.

The News and Record knows Say Yes Guilford has less than $11 million, 
and won't report the news of the un-sustainability of the program
to parents of younger kids who will most likely never benefit 

University of Connecticut philosophy professor Michael P. Lynch calls it “the manure that makes the seeds of doubt and credulity grow.”

Which is one reason why the News and Record keeps losing subscribers

As for ideology, this isn’t about left and right.

It’s about right and wrong. 

Agreed, and putting opinion pieces on the front page of a newspaper
without a big declaration that it's an opinion piece is wrong

Fake news is frightfully easy to create and we’re frightfully easy to mislead.

The News and Record finds it "frightfully easy to mislead" it's readers
on more occasions than I can count off hand

A Stanford University study involving middle school, high school and college students in 12 states found that those students struggled to distinguish real news items from counterfeit ones.

That’s reason to worry.

If worse comes to worse, and real news and fantasy continue to blur, we could be in serious trouble. And that’s a fact.