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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Commentary Of The Month
October 17, 2014
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FALSE DAWN

By John Williams

Given the biased nature of current U.S. economic reporting, and the delicate steps taken by the Federal Reserve Board to avoid crashing the U.S. financial markets, hopes that fundamental systemic stability and economic growth have been restored have little chance of being anything but illusions. 

These illusions should be shattered in the months ahead, as economic and systemic realities resurface in the post-election environment.  The financial panic and partial-systemic collapse of 2008, and the economic collapse that has been underway since 2006, continue to reverberate throughout the global financial markets and economies.  The banking system and economic woes in Europe and elsewhere are part of the ongoing turmoil, collapse and unsettled global conditions that still include the United States. 

 How can the U.S. be in recovery, and the U.S. banking system back to normal, with Main Street U.S.A. seeing neither an economic recovery nor normal lending practices restored within the domestic banking system? Indeed, that warm glow along the horizon soon will prove to be a "false dawn."  Breaching the horizon is a great financial and economic conflagration.  Never resolved in 2008, it only was pushed into the future.  That long-forestalled day-of-reckoning nears, once again.