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"Naturally, every age thinks that all ages before it were prejudiced, and today we think this more than ever and are just as wrong as all previous ages that thought so. How often have we not seen the truth condemned! It is sad but unfortunately true that man learns nothing from history." - Carl Jung

Apr 3, 2009

What Does "Too Big To Fail" Mean?

Have you heard of the boom bust towns of the olden days? Lets start there. If a town pops up around one industry, say mining, and the mine goes dry. Then all the workers will be out of work. No one will have any money for groceries or any other commodities available in the small shops and the town will become a ghost town. The mine was the main industry and it's failure led to the towns extinction. From the point of view of the towns economy the mine is 'too big to fail'.

Lets say there is a two industry town. A fishing industry with a built up port and a mine in the nearby mountains. If the mine goes dry the fishing industry will still be around. If the mine employed 50 - 70 percent of the towns labor then the town will go bankrupt, many workers will leave, many shops will close. The town will not cease to exist as there is still the fishing industry. However, economic growth for that town will be the equivalent of a depression. So from the point of view of the town's economic growth the mine was 'too big to fail'. [The financial sector is like a hug mine that has come to dominate the economic landscape - for a visual image see the pie chart below - this trend has spread to all countries as they participate in global trade for their own economic growth]

We can go on multiplying the number of industries (which is what economists do - start with a model of one industry and build it until it takes many variables of an economy into account). I'm guessing you get the idea and so I want to move to our current financial structure.

The following is a graph from Wikipedia on "Financialization" (the only place I could find the info I was looking for). The stated source is "Annual Reports of the U.S. Commodity Futures Trading Commission". I can't confirm the primary sources but the graph looks almost the same as the ones I studied in basic macroeconomics in college. When I have more time I will double check and change it if it's not accurate.

Note: What I am looking to show you in the graph is the distribution of the financial sector over time. In the olden days agriculture took up most of an average countries economy. Nowadays it's a small percent of the economy. In other words, it's like having a huge mine in our fishing town which has made as rich. But we are rich because of the mine. If it falls we will have to go to a huge adjustment period till the economy stabilizes at current output levels (i.e. the economy with a very small financial sector - like the mine going down to a trickle). This adjustment period is called a depression.



Short extract: For a century after organized futures exchanges were founded in the mid-1800s, all futures trading was solely based on agricultural commodities. But after the end of dollar gold-backed fixed-exchange rate system in 1971, contracts based on foreign currencies began to be traded. After the deregulation of interest rates by the Bank of England, then the U.S. Federal Reserve, in the late 1970s, futures contracts based on various bonds / interest rates began to be traded. The result was that financial futures contracts - based on such things as interest rates, currencies, or equity indices - came to dominate the futures markets.

As the graph shows the share of our local and global economy connected to our financial markets is huge. The banks and other financial institutions have been selling financial derivatives based on other financial derivatives and their sales of these financial instruments is what has boosted the reported GDP. If we were to ignore the economic boost we are supposed to have had from our financial institutions for the last several years, we have actually been in a recession for quite a while. This financial crises has been a long time coming. What we basically did was sell financial instruments for 30 dollars with the backing of only 1 dollar (to take an example from the President from his interview with Jay Leno). To look at it another way, we were selling trucks set up on wooden stools.

Now, go back and look at the graph. It doesn't represent all of the financial derivatives our 'talent' came up with. Alot of the financial instruments have actual assets backing them up but because the derivatives are connected to real assets - over inflating them and creating a 'bubble' - all the companies who deal in these instruments are in serious financial trouble. Notice how large of an economic share they have in America's local economy. The major financial companies have grown large enough to own a large share of the financial instrument market - across many countries (A company has global reach and influence). So the problems here are reflected all over the world.

From the point of view of America's economy the financial sector is like a huge mine that has slowed to a trickle. There are still other industries but they can't make up the difference. In other words, from the point of view of the economy and it's economic growth, 'it's too big to fail'.

That's not all. These instruments have been sold to many other countries so their assets have become toxic as well. The US has a 14 trillion dollar economy and so does the European union. The world economy is estimated at 70 trillion (source CIA factbook). If the US financial companies are allowed to collapse it will effect the European union and other big first world countries and with it the rest of the world. The banks are literally 'too big to fail' for the entire planet.

His is a good article:

How can we prevent a financial crisis becoming a crisis for the wider economy?

There is no doubt that the crisis in the banks reflects an underlying misallocation of resources in the real economy. Too much money was being spent on some things, and not enough on others. In particular too much was being spent on things that do not generate future income – like bigger (and more expensive to heat or cool) houses and consumer goods – and not enough was being saved to meet the retirement and medical costs of retiring baby boomers.

But could we have corrected the misallocation of resources more slowly, and without sudden falls in stock markets and without a gridlock in the provision of bank credit? In other words, how might we have avoided turning a problem into a crisis?

This is the question tackled by a board member of the European Central Bank, Lorenzo Bini Smaghi, in a speech he made in Milan last week.

Lorenzo Bini SmaghiHis thesis was that what turned a problem into a crisis was the decision to allow Lehman Brothers to fail.

He said that in previous months authorities had intervened to save other institutions – Northern Rock, IKB, Bear Stearns and Roskilde – but the decision not to do so in the Lehman Brothers case changed the psychology of investors dramatically.

As he put it:

“Following the failure of Lehman Brothers, panic set in that any bank, irrespective of its size, could go bankrupt. Market participants revised their investment decisions. The banks themselves started to fear that any of their counterparts could fail and stopped lending money to one another.”

In the four weeks after that, European stock markets fell by 30%, which was more than the total fall in the previous year. An orderly retreat became a precipitate flight - and everyone has suffered more than they needed to.

Lorenzo Bini Smaghi believes that this happened because there was what he called a “political veto” on a rescue of Lehman Brothers in both the Administration and Congress, a veto which reflected public opinion. He believes,

“it was US citizens who did not want to rescue Lehman Brothers.”

Bini Smaghi believes that, while objectively it may have turned out that it would have been in citizens’ best interest to rescue Lehman Brothers, the citizens themselves did not see it that way at the time.

He attributes this reluctance to support a Lehman rescue to an accumulating feeling that the rewards in society had not been distributed fairly over many years. In his view, Lehman Brothers was seen as just one step too far to go to helping people who had done far better than the ordinary American had done during the boom times.

He says that income inequalities have risen in both the US and Europe since the 1980s and that these Banking widening differences in incomes had “disproportionately favored the financial sector.” Profits in the financial sector in the last few years amounted to 40% of all corporate profits, which was double their share in the 1960-2000 period. [US Federal Reserve Board] Chairman Bernanke has also drawn attention to widening income gaps and the reasons for them in speeches. Bin Smaghi argues that the public’s sense that this was not fair worked against a rescue of Lehman Brothers.

His conclusion is that inequalities in income have implications for future policy-making. He says:

"the emergence of stark inequalities entails the risk that decision-making mechanisms will be blocked, in particular in crisis situations, with negative repercussions for the collective good and social cohesion."

This is an especially important conclusion for the financial sector because, as the dramatic events that followed the bankruptcy of Lehman Brothers have shown, the financial sector is vital to the whole business system in a way that no other business sector is.

On the other hand, one should recognize what Chairman Bernanke has said in recent speeches regarding the failure of Lehman.

He has pointed out that the Fed had wanted to save Lehman but was unable to do so as it could not find a private institution willing to post adequate collateral against which the Fed could lend. In the Bear Stearns case, this rôle had been played by JP Morgan Chase. In the case of Lehman, despite working very hard with CEOs of leading banks, the Fed simply could not find a willing financier. In this particular case, Lehman may have been both too big to fail and too big to save.

WorkersThe plan of action announced last month by G7 Finance Ministers gives a clear commitment “to use all available tools to support systemically important financial institutions and prevent their failure.” I believe that this commitment, together with the comprehensive measures announced by Euro Area Heads of State at their Summit on October 12, have helped to reassure markets and significantly reduced the chances of another event like the failure of Lehman Brothers occurring.


Another article: Barely a week after Europeans rebuffed American pleas to join in their bailout of the banking system, Europe now faces a financial crisis almost as grave as that in the United States — demonstrating how swiftly this contagion is spreading around the world.

In the last two days, governments from Dublin to Berlin have seized or bailed out five faltering banks. In Ireland, where rumors of panicked withdrawals from banks spooked the stock market, the government has offered a two-year blanket guarantee on all deposits and bank debt.

Asia has been less buffeted by the turmoil, though a brief run on a bank in Hong Kong last week brought back dark memories of June 1997, when speculation against the Thai currency sparked a financial crisis that fanned rapidly across Asia, and later to Brazil and Russia.

Economists see a parallel between these two crises a decade apart: once creditors panic and begin to pull out their holdings, the underlying health of banks — or entire countries — no longer matters a great deal. In a global financial system, national borders are porous.

"In this day and age, a bank run spreads around the world, not around the block," said Thomas Mayer, the chief European economist at Deutsche Bank. "Once a bank run is under way, it doesn't matter anymore if you have good loans or bad loans. People lose confidence in you."


If you look at the post on the multiplier effect you will notice that spending money in an economy leads to more spending by the people who get the money and this continues which increases money circulation in the economy. If the entire economy runs on domestic goods then all the money stays in the particular countries economy. In today's global economy the money goes all over the place, all the money spent by the government, although it will help shore up essential services and boost jobs, it will not all stay in the economy. That is how it is with all the countries on this planet and it's why we had this huge global economic boost (before the weird financial derivatives).

Our American economy is about 14 trillion in size. So far the spending bill is less than a trillion. If you look at the graph above you will immediately realize that that is not enough to prop up the huge impact - in trillions of dollars - that the financial industry collapse will have.

Large infusions of real capital is still necessary to boost our national economy and if possible we need to get the Europeans involved in boosting their economies as well. Poor people spending more is not the way we are going to save our economy. That will happen anyways after the trust in out economic markets returns.

Note on bonuses: We can get 'talent' for financial companies all over the place. The hire the people who got the best grades and have the best connections. If they overlook the connections they can still get 4.0 gpa people in their companies. Coming up with weird financial derivatives in an unregulated financial system is not talent. And what percent their bonuses are in relation to GDP in irrelevant. The issue is company management and this has nothing to do with the GDP.

Once again look at the graphs above and think....what if we let our financial sector collapse? I think the answer is obvious. This is just 'too big to fail'.

For more perspective:

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Labels: too big to fail

1 comment:

  1. AbeOctober 24, 2012 at 3:47 AM

    EDIT: :Our American economy is about 14 trillion in size. So far the spending bill is less than a trillion. If you look at the graph above you will immediately realize that that is not enough to prop up the huge impact - in trillions of dollars - that the financial industry collapse will have."

    Note: The graph was from wikipedia which is now gone. Simply look for a non-US source (just to be sure of accuracy, try the UK) for economics graphs of the sectors of the economy for the USA to confirm my accuracy, i.e. "Sectors of the Economy and The Chain of Production" http://economics-proofs.blogspot.com/2011/09/sectors-of-economy-and-chain-of.html

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    Background/Context: 1. Fox News And The GOP Are Basically Terrorist Organizations (Based On Their Rhetoric & The Effects Of That Rhetori...
  • Exploring UFOs/UAPs In Media: UFO Hunters: Invasion Texas 2008 (Stories Going Back To 2007)
    With the confirmation of UFOs/UAPs by the Pentagon , other stories about UFOs in the media take on more significance. Here are stories going...
  • 9/11 Family Members, Ignored By US Media, Remember And Reflect On 9/11 (Documentary & Interview)
    Related: 1.  Ed Asner Dies And Mainstream Media Hides His Support For Architects & Engineers For 9/11 Truth And Refuse To Play His Video...
  • Trump The Pro-Pedophile Incestuous Creep: Did Trump Turn The GOP Into A Den Of Pedophiles Or Were They Always Pedophiles & Thus Created QAnon For Cover?
    Previously:  1.  Trump The Terrorist: Every Opportunity Trump Has Had He Has Used To Undermine The Health & Safety Of The American Peopl...

Popular Posts (Of All Time)

  • Prelude to a new article series on education
    The modern form of scientific thought and analysis emerged from the philosophy of the Ancient Greeks and their writings. Which were passed ...
  • CNN Documentary: God's Christian Warriors (Nazi's are a white CHRISTIAN Movement)
    Background: Morgan Freeman on the tea party, racism and Obama Racism 1 - North-South Cultural Division in The USA Racism 2 - North-South ...
  • Unconfirmed UFOs/UAPs In The News: Unexplainable UFO Sighting Leaves Stargazers In Awe - New York Post
    There are some videos of UFOs/UAPs in the news that can't be explained and have not been confirmed as real or fake by the Pentagon ( com...
  • Unconfirmed UFOs/UAPs In the News: Bizarre Midair UFO Sighting Freaks Out Plane Passengers | New York Post
    There are some videos of UFOs/UAPs in the news that can't be explained and have not been confirmed as real or fake by the Pentagon (comp...
  • Environmental Solutions Collage: The Climate Change Debate Is Over... Now Lets Prepare 4 Floods
    Bugs Bunny In "Water Water Every Hare"... There is an old story... There were a couple of guys holding to the ground at t...
  • The Heart Of Culture and Society – The Golden Rule
    We tend to notice differences more than similarities when encountering other races or cultures. Yet we(the human race) have more in common t...
  • Phil Donahue on His 2003 Firing from MSNBC, When Liberal Network Couldn’t Tolerate Antiwar Voices
    Phil Donahue on His 2003 Firing from MSNBC , When Liberal Network Couldn’t Tolerate Antiwar Voices ... In 2003, the legendary televisi...
  • What is the difference between culture and society?
    The first thing Id like to clear up before I begin to look at culture is that my perspective on culture is a lot broader than is normally us...
  • Case Study: Many "Business" Channels (Such As Fox Business) Are Designed To Deceive It's Viewers For Profit - Part 2!
    Background:  Case Study: Many "Business" Channels (Such As Fox Business) Are Designed To Deceive It's Viewers For Profit  (Par...
  • The Fragmentation of Knowledge Part 1 [Or, The case against over-specialization in theory based academics]
    Historically, knowledge has always been approached from a holistic perspective. The Ancient Greeks studied every field of knowledge and put...

Comedic News

  • The Daily Show Trashes Hypocrite & White Supremacist Tucker Carlson
  • The Daily Show Covers America's Failing Power Grid
  • The Daily Show Covers The Rise And Spread Of White Supremacy In America
  • Comedic News: The Daily Show Explains The Senate's Filibuster Rule
  • Comedic News: Last Week Tonight Covers The 'Scam' Aspect Of Health Care Sharing Ministries
  • Comedic News: Daily Show Explains America's Failing Water Infrastructure
  • Fox News Poll Contradicts Fox News Talking Points on Vaccine Mandates

AE911Truth.org News & 9/11 Related Analysis

  • My Facebook Page:WTC 7 - The Ultimate Smoking Gun & Much More - 9/11 Truth & Science
  • AE911Truth.org News: On C Span Founder Of Architects & Engineers For 911 Truth Explains How The 3rd Building That Fell On 9/11 Should Not Have
  • AE911Truth.org News: University Study Finds Fire Did Not Cause Building 7’s Collapse on 9/11 (Video/Visual Demonstrations)
  • AE911Truth.org News: Family Of British 9/11 Victim Geoff Campbell Gets Its Message Out In UK & British Media (Ignored By US Media)
  • AE911Truth.org News: Spike Lee Is Right: Fire Can’t Melt Steel — and Molten Metal Was Everywhere (Mainstream Media Is Too Incompetent To Notice Video Evidence Of Molten Metal)
  • 9/11 News: Majority Who See Building 7's Collapse Suspect Explosives
  • BREAKING: "WTC 7 Did Not Collapse from Fire" Dr. Leroy Hulsey... Engineering Experts, 9/11 Families And A Former NIST Employee Call On Congress To Launch A New Investigation Into 9/11!
  • Update: Professional Engineers & Architects From AE911truth.org Continue To Debunk The Unscientific Official Story Of 9/11
  • Visual Analysis: The Plane That Hit The Pentagon On 9/11 Was Too Small To Be A Passenger Jet But Not Too Small To Be a Drone
  • 9/11 Cognitive Dissonance: Who Cares How Hot Jet Fuel Burns? The Whole Building Wasn't Even On Fire, How Could The Steel AND Concrete Dissolve So Fast That It Collapses In Seconds Without Even Being On Fire?!
  • Ed Asner Dies And Mainstream Media Hides His Support For Architects & Engineers For 9/11 Truth And Refuse To Play His Video Explaining The Science. Here Is That Video:
  • 9/11 Family Members, Ignored By US Media, Remember And Reflect On 9/11 (Documentary & Interview)

Politics 2

  • A Deadly Culture Of Politeness: The Fox News Involvement With Spreading Domestic Terrorism Is Hidden By Mainstream Media By Couching It In Soft And Indirect Words But Its Basically An Open Secret That Fox News Is Now A Pro Domestic Terrorism Propaganda Outlet
  • Trump The Terrorist: Every Opportunity Trump Has Had He Has Used To Undermine The Health & Safety Of The American People And The GOP Have Supported Him Gleefully
  • Crimes Against Humanity: Jesus Says "Love Thy Neighbor" While The Christian Rights Response To Covid (Led By Trump, Fox News & The GOP) Is "Risk Thy Neighbors Life" Or Even "Kill Thy Neighbor"... IN THE NAME OF FREEDOM!
  • Trump The Pro-Pedophile Incestuous Creep: Did Trump Turn The GOP Into A Den Of Pedophiles Or Were They Always Pedophiles & Thus Created QAnon For Cover?
  • America's Pro Domestic Terror & Pro-Nazi Party (GOP/Fox) Started A War On Christmas In 2004 - Pretending It Was Started By Liberals - Here Is How They Did It

Talks By Graham Hancock

  • Graham Hancock | Ancient Civilizations - Presentation at the 2012 Tipping Point Prophets Conference.
  • Magicians of the Gods Lecture by Graham Hancock at Göbekli Tepe in Turkey
  • America Before: The Key to Earth’s Lost Civilization, by Graham Hancock
  • Graham Hancock: Quest for the Lost Civilization - A Species with Amnesia
  • Ancient Underwater Ruins: A Review Of Graham Hancock's "Underworld, Flooded Kingdoms Of The Ice Age" (With Discoveries Dating To 7500 BC And Earlier!) & "Advanced Ice Age Civilizations & Atlantis"
  • "Is The House Of History Built On Foundations Of Sand?" - Graham Hancock
  • Graham Hancock: 'The First Fall Of Civilization Happened By Comet 12800 Years Ago, And Its Remnants By A Flood 11600 Years Ago (Atlantis)'. - {This Is Conclusive Scientific Proof. The Debate Is Over.}
  • Graham Hancock: ‘Magicians of the Gods’, snapshots of a work in progress

Learning & Education

  • Prelude to a new article series on education
  • Learning and Education With The 'Socratic Method'
  • The Power Of Your Brain: Brain Plasticity & IQ Enhancement
  • How Emotions Cloud Judgement: An Introduction To True Empathy
  • Introduction To NLP, It's Therapeutic Models & The 5 Minute Phobia Cure (With A Talk By Richard Bandler)
  • Basics of Body Language and Lie Detection
  • Book Review: What Is Intelligence? - The Flyn Effect
  • Problems With The "No Child Left Behind" Act In 3 Interviews
  • Education Part 1 - The Problem Of Psychiatric Drugs
  • How Can Psychiatrists Be Allowed To Prescribe A Physical Substance For A Mental Disease That Has No Biological Source?
  • The Fragmentation of Knowledge Part 1 [Or, The case against over-specialization in theory based academics]
  • {Updated Debunking}Problems In Anthropology: Fragmentary Fossil Evidence, Rigidity In Science, Homo Erectus Lived Until Too Recently etc. (Where I Stand)

Animals

  • Animals And Humans Share DNA, A Nervous System, Intelligence, Creativity And Emotions (Such As Empathy)
  • Octopuses May Be As Intelligent As Apes And Are Also The Best Camouflage Artists Of The Animal Kingdom
  • The Modern Dodo: Meet The Flightless Parrot Called The Kakapo
  • Incredible Animals: A Look At Elephant Intelligence (They Can Paint, Count, Communicate etc.)
  • Incredible Animals: A Look At Parrot Intelligence
  • Incredible Animals: A Look At Raccoon Intelligence
  • Incredible Animals: A Look At Whale Intelligence
  • Incredible Animals: A Look At Dolphin Intelligence

Talks By Andrew Collins

  • Andrew Collins: Giza's Cave Underworld
  • Debunking The Ancient Aliens Hypothesis: Meet The Ancient Humans & Giants Whose Descendants Were The Annunaki/ Watchers/ Niphilim/ Egyptian-Gods ("Civilization Bringers") Of Ancient History
  • Finding Eden: The Mystery of Göbekli Tepe & Giza's Cave Underworld - Andrew Collins FULL LECTURE
  • Meet the Denisovans | The True Founders of a Lost Civilization | Andrew Collins | Origins Conference
  • Andrew Collins | Genesis and Evolution of the Giza Pyramids | Origins Conference
  • Andrew Collins: The Cygnus Key - The Denisovan Legacy, Göbekli Tepe, and the Birth of Egypt
  • Andrew Collins: From Göbekli Tepe to Stonehenge: A Cosmic Blueprint 10,000 BC
  • Andrew Collins: Gobekli Tepe: Temple of the Watchers, Gateway to the Stars

Politics

  • The Daily Show Covers The Rise And Spread Of White Supremacy In America
  • Fox News And The GOP Are Basically Terrorist Organizations (Based On Their Rhetoric & The Effects Of That Rhetoric)
  • GOP's War On America 4: GOP Create An Alternate Reality Based On Lies So They Can Overturn Any Election By Using Fox News To Create False Narratives
  • GOP's War On America 3: Republicans Turn Over Election Ballots To Crazy QAnon Followers, A Group With Links To Domestic Terrorism
  • Russia's GOP: Trump Was OK With Intelligence Reports Of Russia Paying Bounties To Kill American Soldiers In Afghanistan Because He Hoped Putin Could Help Him Win The 2020 Election!
  • GOP's War On America 2: Republicans Are Running Against Democracy Not Democrats
  • After Canceling Over 500,000 Lives With Covid-19 Misinformation, Fox News Complains About Dr. Seuss Books The AUTHORS Private Estate Decided Not To Print Anymore
  • After Canceling Over 500,000 Lives With Covid19 Misinformation, Republicans Focus On Fake News Of Biden Cancelling Beef (From Fox News) To Get Outraged About
  • After Helping To Cancel 500,000 Lives With Coronavirus Misinformation, Fox News Conservatives Go On TV To Complain About Cancel Culture
  • GOP's War On America: Republicans Take Their Rebellion Against Democracy To The Next Level, Giving Themselves The Power To Overturn Elections Like Dictators
  • The GOP Are Lying Repeatedly And Passing New Voting Laws Based On Their Lies
  • Trump's Legacy: Taxpayers As ATM? Trump Spent Millions In Taxpayer Cash On Golf, Trips To Marallago And Fleeced Supporters Of Their Cash With Tricks
  • Collusion Proven: More Links Showing Trump And His Allies Are Willing And Able Russian Assets
  • Trump's Ongoing Insurrection: A Riot At The Capitol Is Exactly What The "Law And Order" President Wanted
  • The Russian Takeover Of The Republican Party: Trump and The GOP Have Become Willing And Able Russian Assets
  • Fox Used To Pretend It Was Part News And Part Opinion. That Pretense Is Over. Now Its Lies All the Time.
  • For Fox News, Mass Murder In The U.S. Was Just The Cost Of Doing Business
  • Congratulations To Fox News For Winning The Misinformer Of The Year Award!
  • Fox News Merged With The Trump Administration And Showed Up What They Are Made Of Over The Last 4 Years
  • With Democrats in Control of the White House, House and the Senate They Must Get Rid Of The Filibuster Or Choose Undemocratic Minority Rule
  • Daily Show & Colbert Report Prove That Fox News Is Fake News
  • Daily Show: Jordan Klepper vs. Trump Supporters
  • Trump's Legacy: A Look At The January 6th Insurrection And Attempted Coup By Trump/GOP/FoxNews
  • Hypocrisy On Display: Ted Cruz Demonstrates What He Stands For (Texas Winter Power Outage 2021)
  • Texas Winter Power Outage 2021: GOP And Fox News Lie And Demonize To Hide Their Economic Incompetence
  • Mitch McConnell Pretends to Be Honorable After Avoiding To Convict Trump For Treason Again, Again!
  • Highlights Of Trump's Acquittal With Late Night Hosts (2nd Senate Trial)
  • Highlights Of The Second Impeachment Trial's Case Against Trump With Late Night Hosts
  • The Rights War On The Left - A Walk Through Some Of The Intimidation/Bullying/Terror Tactics Fox News Uses
  • The Rights War On The Left (Blaming The Left For Everything Is A Standard Tactic Of GOP & Fox News)
  • The Real Divide In America Is Establishment VS Non/Anti-Establishment ("We The People") - With Robert Reich
  • Politics Update: The GOP & Fox News Take Domestic Terrorism To New Levels
  • GOP, Fox News & Right Wing Media Are Waging War On Rule Of Law
  • Class Warfare: How The GOP, Fox News & Billionaires Make Nonsense Sound Like Common Sense
  • Lou Dobbs: One Of The Creepiest Authoritarian Style Newsperson From Fox News Was Just Fired Because Of A Multi Billion Lawsuit Against Fox For Its Lies
  • After Helping Trump Lie & Deceive The People For Four Years, On Trump's Last Day, Mitch McConnell Pretends to Be Honorable After Avoiding To Impeach Trump For Treason, Again!
  • Tucker Carlson Is Going Out Of His Way To Help Trump Get People Sick With Coronavirus
  • Trump's Top 100 Scandals That The Trump Presidential Library Is Going To Have To Explain Away
  • Joe Biden's Vote For The Iraq War Proves He Lacks Leadership Qualities That Are Needed To Run A Country (Such As The Ability To Tell Right From Wrong, i.e. Biden Is Incompetent, At The Very Least)

The Murdoch/Fox War On The People

  • Fox News Hypocrisy Caught On Tape: Daily Show Proves Fox News Is Always Contradicting Itself With Before & After Video
  • The Daily Show Covers The Rise And Spread Of White Supremacy In America
  • Fox News Is Deceiving People To Help The GOP Pass Voter Suppression Bills That Can Be Used to Overturn Democratic Elections
  • Tucker The White Nationalist: Unearthed Audio Shows Tucker Carlson Using White Nationalist Rhetoric And Making Racist Remarks
  • White Nationalists Praise Tucker Carlson For Mainstreaming Their Beliefs But Are Disappointed In The Obvious Attempt To Water Down Their Talking Points
  • More Evidence Of Tucker Carlson Being A Pedophile: Harassing School Kids On A Regular Basis And Defending Roy Moore
  • The Murdoch/Fox War On The People 3 - Fox News Is Constantly Reporting On And Spreading Fake News (Lies) As Part Of Its 'Misinforming The People' Agenda
  • The Murdoch/Fox War On The People 2 - Fox News Continues To Spread Misinformation About Coronavirus Inevitably Killing Some Of Their Viewers And Leaving Others Unprepared
  • Tucker The Terrorist: Tucker Carlson Tries To Get His Followers To Attack Others Over Masks And If They Have Their Children Wear Masks
  • An Exploration Of Tucker Carlson's Tactics, History & Links To The Increase Of White Nationalism & Terrorism With John Oliver & NBC News
  • Tucker The Pedophile: During interviews on Bubba The Love Sponge, Carlson said he “love[s]” the idea of young girls sexually experimenting, used sexist terms to refer to a number of women, and defended statutory rape
  • Tucker The White Supremacist Terrorist: Tucker Carlson, The Face Of Fox News, Just Gave His Full Endorsement To The White Nationalist Conspiracy Theory That Has Motivated Mass Shootings
  • The Murdoch/Fox War On The People - The Murdoch's Own Fox News, Fox Does Nothing Without Their Implicit Or Explicit Approval
  • Daily Show & Colbert Report Prove That Fox News Is Fake News
  • Congratulations To Fox News For Winning The Misinformer Of The Year Award!
  • After Helping To Cancel 500,000 Lives With Coronavirus Misinformation, Fox News Conservatives Go On TV To Complain About Cancel Culture
  • The Rights War On The Left - A Walk Through Some Of The Intimidation/Bullying/Terror Tactics Fox News Uses
  • The Rights War On The Left (Blaming The Left For Everything Is A Standard Tactic Of GOP & Fox News)
  • Fox Used To Pretend It Was Part News And Part Opinion. That Pretense Is Over. Now Its Lies All the Time.
  • Trump's Legacy: A Look At The January 6th Insurrection And Attempted Coup By Trump/GOP/FoxNews
  • Class Warfare: How The GOP, Fox News & Billionaires Make Nonsense Sound Like Common Sense
  • Fox News Merged With The Trump Administration And Showed Up What They Are Made Of Over The Last 4 Years
  • For Fox News, Mass Murder In The U.S. Was Just The Cost Of Doing Business
  • FIRE Tucker - The Pedophile - Carlson: During Interviews On Bubba The Love Sponge, Carlson Said He “Love[s]” The Idea Of Young Girls In His Daughters Boarding School "Sexually Experimenting"

Media's War On The People

  • Mainstream Media's War On the People 7 - Mainstream Media Tends To Be Pro Incendiary Rhetoric & Pro-Domestic Terrorism For The Right, While Admonishing The Left To Be Polite
  • Mainstream Media's War On the People 6 - Mainstream Outlets Won’t Hold The Right Accountable, So Conservatives Have Every Reason To Keep Lying
  • Mainstream Media's War On The People Part 5 - Mainstream Media Run With Right-Wing Spin About Georgia's Voter-Suppression Law Making GOP's Anti Democracy Actions A Partisan Issue Rather Than A Civil Liberties Issue
  • Mainstream Media's War On The People Part 4 - Despite Non-Stop Lies & Hypocrisy Media Makes Mitch McConnell Seem Sincere Thus Allowing Him To Lie & Deceive With Greater Ease
  • Mainstream Media's War On the People Part 3: Media Pushes Working With Republicans On The Covid Relief Bill Despite The Over 500,000 People The GOP Helped Kill With Thier Corona-virus Lies
  • Mainstream Media's War On the People Part 2 - Applying Double Standards To Leadership That Helps Republicans Obstruct The Democrats Majority But Don't Allow The Democrats To Do The Same To The GOP Minority
  • Mainstream Media's War On The People Part 1: Treating Majority Views Of Democrats As Extreme & Extremist Views Of Republicans As Normal
  • Mainstream Media's War On The People: Media Silence On Fox News & The GOP's Continued Incendiary Rhetoric, Given The Insurrection, Indicates Complicity
  • How Mainstream Media Helps The Republicans Lie To The People - Part 10 (Making A Few Bad Apples Seem Like The Whole Apple Grove)
  • How Mainstream Media Helps The Republicans Lie To The People - Part 9 (Promoting A Fundamentalist Domestic Terror Group)
  • How Mainstream Media Helps The Republicans Lie To The People - Part 8 (Helping Cover Up GOP Discrimination Against Jews)
  • How Mainstream Media Helps The Republicans Lie To The People - Part 7
  • How Mainstream Media Helps The Republicans Lie To The People - Part 6
  • How Mainstream Media Helps The Republicans Lie To The People - Part 5
  • How Mainstream Media Helps The Republicans Lie To The People - Part 4
  • How Mainstream Media Helps The Republicans Lie To The People - Part 3
  • How Mainstream Media Helps The Republicans Lie To The People - Part 2
  • How Mainstream Media Helps The Republicans Lie To The People - Part 1
  • Media Matters Proves Corporate Media's Journalists Aren't Real Journalists
  • Mainstream Media Is Markedly Pro-Right Wing Lies
  • Mainstream Media Is Markedly Pro-Right Wing Lies - Part 2
  • Media Matters: NY Times Shouldn't Treat Matters Of Facts As Opinions, And Opinions Shouldn’t Be Treated As Matters Of Fact
  • We Know That Most People Only Read Headlines So Is Mainstream Media Being Incredibly Stupid Or Are They Intentionally Pushing Untruths?
  • Washington Post & NY Times Buried The Lead - And The Facts - With A Pro-Republican Lies Push On A Coronavirus Bill
  • CNN's "Civility" Argument Shows CNN Anchors/Hosts Can't Put Facts In Context Of What's Going On!
  • The Ultimate Proofs That Fox News Is Basically Just A Group Of White Supremacists/Nationalists/Nazis
  • BREAKING: Corporate Media Is Helping The GOP With Their Lies On Iran The Way They Did With Iraq
  • Why Do News Outlets Bring On Non-Scientists To Argue Against Science?

GOP's Height Of Hypocrisy Series

  • Seth Meyers: Trump And His Allies Are Lying In The Exact Same Ways The Bush Administration Lied Us Into A Catastrophic War In Iraq Nearly 17 years Ago
  • The Anti-Diplomacy And Anti-Deal Making Party: The GOP Used Bullying And Assassination To Start A War With Iran
  • The United States Of Russia: Why Is Trump Always Sucking Putin's Dick? And Why Are The GOP Joining Him? If You Can't Beat 'Em Join 'Em?
  • As Anti-American As A Party Can Get: Trump Sees Himself As A King And The GOP Are More Than Willing To Comply And Treat Him Like A King (Fighting A King Is What Created The USA In The First Place!)
  • Mitch McConnell: The Most Anti-American And Un-Constitutional Politician Of All Time?
  • Lindsey Graham's Hypocrisy On Impeachment Is Epic
  • Snapshot Of The Present: Colbert Calls The GOP "A Spineless Group of Self-Interested Toadies Who Would Rather See The Country Destroyed Then Stand Up To An Out Of Control, Narcissistic Toddler."
  • A Snapshot Of The Modern Political & Media Structure Under A GOP President (With Seth Meyers)
  • GOP Hypocrisy...The Republicans Basic Argument Is: We Are Going To Hurt & Betray The Country But You Should Be Nice To Us... While We Lie & Incite Terror!
  • Republicans Demonstrate What "The Height Of Hypocrisy" Looks Like & Fox "News" Ignores It!
  • Republicans Demonstrate What "The Height Of Hypocrisy" Looks Like & Fox "News" Ignores It! PART DEUX: The Golf Edition
  • Height Of Hypocrisy 3: Using Taxpayer Money For Personal Use Like Communists & Dictators
  • Height Of Hypocrisy 4: Republican Hypocrisy On The Deficit Is Epic!
  • Height Of Hypocrisy 5: Roy Moore Hypocrisy & Deficit Hypocrisy Show GOP Stand For Nothing. Not Family Values. Not Fiscal Responsibility. Nothing. Except Maybe Pedophiles.
  • Height Of Hypocrisy 6: GOP & Fox News Helps Trump In Obstruction Of Justice Showing They Don't Care About The Rule Of Law... And Now, The Nation Is in A Constitutional Crisis!
  • Height Of Hypocrisy 7: The Executive Order & Dictator/Tyrant Hypocrisy
  • GOP's Height Of Hypocrisy Series Part 8: Being Civil To The Uncivil Would Be An Atrocity! Fearing the Backlash the Trump Administration Calls For Civility After Showing None Since The Campaigning Days!
  • GOP's Height Of Hypocrisy Series Part 9: The Supreme Court Hypocrisy & Why Approving Any Trump Nominee To The Supreme Court Is A Bad Idea!
  • GOP's Height Of Hypocrisy Series Part 10: Rule of Law Hypocrisy - More Evidence Of The GOP Obstructing Justice & Other Constitutional Abuses

Civil Unrest Scale

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Quotes


"Make peace with the universe. Take joy in it. It will turn to gold. Resurrection will be now. Every moment, a new beauty." - Rumi

"God is a metaphor for that which transcends all levels of intellectual thought. It's as simple as that." - Joseph Campbell

“If a problem is fixable, if a situation is such that you can do something about it, then there is no need to worry. If it's not fixable, then there is no help in worrying. There is no benefit in worrying whatsoever.” - Dalai Lama

“Be empty of worrying. Think of who created thought! Why do you stay in prison. When the door is so wide open?” ― Rumi

"Of all the animosities which have existed among mankind, those which are caused by difference of sentiments in religion appear to be the most inveterate and distressing, and ought most to be deprecated. I was in hopes that the enlightened and liberal policy, which has marked the present age, would at least have reconciled Christians of every denomination so far that we should never again see the religious disputes carried to such a pitch as to endanger the peace of society." - George Washington

Xmas

  • Santa's Surprise
  • Animation: Jack Frost (1934)
  • Animation: The Star Of Bethlehem
  • Animation: A Christmas Tree (1959)
  • The "War On Christmas"... Exposed!
  • Animation: The Christmas Visitor (1959)
  • Samantha Bee's 2018 Christmas Special
  • Christmas Cartoon: Christmas Night (1933)
  • Movie: Santa Clause Conquers the Martians
  • Christmas Special: Jon Stewart On Christmas
  • Christmas Carol - An Animated Movie (Cartoon)
  • Christmas Special 2017: The War On Christmas
  • "The War On Christmas" ... Exposed! (Part Deux)
  • Christmas Movie: A Christmas Without Snow (1980)
  • Christmas Sing-A-Long Cartoon: Snow Foolin' (1949)
  • Christmas Cartoon: Somewhere In Dreamland (1936)
  • Cartoon: Santa and the Three Bears (1970 - 45 mins)
  • Christmas Cartoon: Rudolph, The Red Nose Reindeer
  • Animation: Christmas Comes But Once A Year (Cartoon)
  • "The War On Christmas"... Exposed! (The Colbert Edition)
  • Christmas Special: Stephen Colbert On Christmas - Part 1
  • Christmas Special: Stephen Colbert On Christmas - Part 2
  • Christmas Special: Stephen Colbert On Christmas - Part 3
  • Christmas Special: Stephen Colbert On Christmas - Part 4
  • Christmas Special: Stephen Colbert On Christmas - Part 5
  • Christmas Special: Stephen Colbert On Christmas - Part 6
  • Christmas Special 2017: Happy Christmas With The President!
  • Animation: The Shanty Where Santa Claus Lives (1933 - Christmas Cartoon)
  • Comedy Central's Non-Denominational Christmas Special (S1Ep101) - Part 1
  • Comedy Central's Non-Denominational Christmas Special (S1Ep101) - Part 2
  • Comedy Central's Non-Denominational Christmas Special (S1Ep101) - Part 3
  • Old Silent Christmas Movies: The Night Before Christmas (1908) & The Christmas Angel (1904)
  • A Christmas Carol - Movie & Audio Books - The 1st Silent Film & 1st Audio Film Of A Christmas Carol
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