Monthly Archives: April 2016


White-Collar Criminologists Answer the call of Conventional Macroeconomists: An Open Letter to Dr. Kartik Athreya, Research Director of the Richmond Fed

New Economic Perspectives has this great post White-Collar Criminologists Answer the call of Conventional Macroeconomists: An Open Letter to Dr. Kartik Athreya, Research Director of the Richmond Fed.

My colleagues who are macroeconomists can then make orthodox macroeconomics far tougher by injecting a realistic understanding of money, accounting identities, budget, and real resource constraints in nations such as the United States that maintain sovereign currencies. Once more, my colleagues’ work demonstrates that “modern macro” (DSGE) is not “tough” – it is impossible. It incorporates fictions (in the guise of “discipline”) and excludes reality in a manner that makes it impossible to model economic crises and superior means of recovery. Incorporating these two sources of revolutionary analytical changes from real world micro and macro would create a real revolution in economic theory and allow a truly modern macroeconomics with predictive ability to arise, but neither source of change will make macroeconomics “easy.” It will, however, be a considerable advance to cease making macro impossible.

It is just amazing how Nobel Prize winning economists like Paul Krugman are so resistant to putting some realism in economics theory. They are already being swept away into the dust bin of history. The realists like William Black and his colleagues could burst through the barrier if we dump Hillary Clinton who depends on economists like Paul Krugman, and vote in Bernie Sanders who depends on economists like Bill Black’s colleague Stephanie Kelton.


Proof Clinton PAC Is Paying Bernie Staffer

Niko House has published on YouTube the video Proof Clinton PAC Is Paying Bernie Staffer.

The intent of this post is to link the spoken words in his videos to the contents of the links that he provides as proof. My purpose is not to approve or disapprove of what he says. I only want to make it easier for you to see the parts, do your own research, and form your own opinion.

From his link FEC Filing Pg 59. Shows 7,500 paid to Ashmead in January. REPORT OF RECEIPTS AND DISBURSEMENTS For Other Than An Authorized Committee. Priorities USA Action. This is the January 13, 2016 payment to The Ashmead Group.

201602209008527503-FirstDoc-59

Here is the February 4, 2016 payment to The Ashmead Group.

Pg. 45 Shows 7,500 paid for Ashmead in February

The images above are reports of the Priorities USA Action PAC payment to The Ashmead Group. Payments made to the third party by the Ashmead Group would not appear in these FEC reports. That is the whole point of using The Ashmead Group as an intermediary. It keeps the name of the ultimate recipient out of any federally mandated reports.

Diana Rogalle, President of The Ashmead group, is the one who could attest to who received payment from these disbursements to The Ashmead Group.

LinkedIn Summary For Diana Rogalle.

Anybody who wants corroboration fo what Niko House reports in the video would merely have to go to Diana Rogalle, and ask her if she told Niko that these payments went to Ryan Hughes in the Bernie Sanders campaign. So what I am saying here is that what Niko has reported is merely his report. If you want to verify his report, he has provided all the information you need. I have no idea what would happen if you followed the trail he has given you. You, or someone else, will have to follow the trail and report back on what they found for this to be corroboration. Niko has provided all that is reasonable to ask of him for proving his assertions. All I can hope for my post here is that I added just a smidgen of clarity to what Niko said.

Here a the web page of Priorities USA.

We support Hillary Clinton for President because she will always stand strong for us when it comes to strengthening the middle class and their families so they can get ahead and stay ahead.


The Key to Bernie Sanders’s Appeal Isn’t Socialism. It’s Yiddish Socialism.

The Forward has the article The Key to Bernie Sanders’s Appeal Isn’t Socialism. It’s Yiddish Socialism.

In this brief moment, Sanders illustrated the central tenets of Yiddish Socialism, the dominant political and cultural current among the working-class Jews of Brooklyn where Sanders was born at the end of the Great Depression. In New York and elsewhere, Yiddish Socialists in the early 20th century founded and invigorated fraternal societies, newspapers, schools, athletic leagues, summer camps, theaters and, especially, unions. The immigrant generation were inspired by their experiences in the revolutionary movements in Russia, where intellectuals and militants from up to 100 ethnic groups learned to respect their own and one another’s cultures to be able to speak with and rally ordinary peasants and workers to fight the oppression of the Czarist State.

This article explains why my sensibilities and Bernie Sanders sensibilities line up so well.

In response to William Kilmer’s post, Jeffrey Robert Broido said “As an ethnic though non-observant, not believing Jew, I certainly agree.” I am in the same category as Jeffrey Robert Broido.

My grandfather came from Russia, read the Daily Forward in Yiddish, and was a socialist of the kind mentioned in the article. I didn’t come anywhere near understanding the socialism part of him as I was growing up, but I find myself coming nearer and nearer to his beliefs as I mature. The Jewish sensibility that is described in this article is the sensibility I grew up with and the sensibility that grows stronger as I better understand how the world works.

I have come a long way since the days when I voted for Bill Clinton and Barack Obama. Most of the Democratic Party leaders have not been coming with me except for Bernie Sanders, Alan Grayson, and Elizabeth Warren. Even Barnie Frank has clung to the old neo-liberal ways. I used to have such respect for Barney. I think Father Robert Drinan, Barney Frank’s predecessor as US Representative, would be with Bernie and not Barney if he were still around today.


Fraud Key Profit Center for Wall Street-William Black

USA Watchdog has the interview Fraud Key Profit Center for Wall Street-William Black.

Dr. Black, who is also a professor of both economics and law at UMKC, says, “Obviously, it is the worst possible thing to do in terms of stability. The way you rig these things doesn’t just make you wealthy, it creates asset bubbles, massive asset bubbles, the biggest in history, and it’s not just in the United States. . . . The biggest asset bubble right now has to be in China. . . . The estimated loss for the United States over the course for ‘The Great Recession’ (or 2008 meltdown) is $24.3 trillion. . . . This has been a catastrophe for much of the world.”


If you don’t know the information in this video, then you haven’t a clue about how massive is the fraud from the likes of Wall Street and their political enablers.

If you don’t know this, then you don’t know that most of Hillary Clinton’s campaign funds are donated from the proceeds of massive financial fraud.

If you don’t know this information, then you do not understand why Bernie Sanders puts fixing the rigging of the system as his most important issue in the campaign.

If you think there are more important issues than the rigged system, then you haven’t a clue as to how badly the system is rigged.

It is all laid out here in this video from a very reliable and expert source. No conspiracy nuts nor wacky conspiracy theories are here.