Hollywood's Myopic Focus

If it seems like all of Hollywood's movies are exactly the same, it's because they are. 

Leftists' second favorite economic theorist's theories are the prime focus of many Hollywood blockbusters or wannabee blockbusters as this article in The Federalist points out:

In Elysium, one of the more notable box office failures in a disastrous summer for Hollywood, Matt Damon plays a down-on-his-luck ex-con in a dystopian future in which overpopulation, natural resource depletion, and environmental degradation have led to a worldwide economic collapse. In response, the world elite have decamped to a life of luxury on an orbital space station.

If this all sounds a bit familiar, it might be because the same basic setting is behind the plot of the 2008 Pixar film Wall-E, which is also set in a future in which environmental degradation has led the earth’s population to abandon earth for a luxury-liner style spaceship. In that film, a lovable animated robot teaches us that overconsumption is damaging to our basic humanity.

This ties completely in with the Anthropomorphic Global Warming (AGW) cultists as the culprit for both is/are humans overwhelming/abusing their environment in pursuit of material wealth.  Read the whole thing to see how Hollywood has been on this bandwagon since the '70's.

No matter that Malthus' theory as well as AGW have been debunked by reality.

No Exit

Ben Bernanke surprised the markets and most economist at its September meeting by deciding not to taper back its 85 billion a month bond/mortgage backed security buying program. It was believed by most economist that the Fed would began tapering because at its June meeting Bernanke had hinted that the Fed would begin tapering later this year. This belief had caused stocks to go slightly down, gold and silver prices to drop dramatically, and bond yields to spike. While most economist were fooled into believing the Fed narrative that the economy was getting better and that it was time for the Fed to start ending its QE ( monetizing the debt), Peter Schiff was saying at the time that the Fed could not taper or if it did that it would have to reverse course and expand its QE program. From what I have read it is impossible for the Fed to voluntarily exit its bond/MBS purchases as the markets are addicted to Fed stimulus, and this stimulus is the only thing keeping the economy from collapsing. Eventually the markets will realize that the Fed is trapped and that it is impossible for it slowly end its QE program: “The Fed has checked into a monetary Roach Motel. Getting out will be infinitely harder than getting in. In fact it will be likely impossible to get out without tipping the country back into recession”. When the markets realize this, the real economic crisis will happen. This will be a currency/debt crisis where you will be lucky to have half of your savings left.

Obama just told the world that America is unable to pay its bills unless it is able to borrow more money. He also told the world that America won't even try to pay its creditors by cutting spending or raising taxes: “President Barack Obama challenged the U.S. Congress on Friday to approve an increase in the U.S. debt ceiling or else the United States will be unable to pay its bills and then, 'We're deadbeats.'”. This sends a profound message to the world.

America has had a massive trick played on it as it fails to realize that our free-market economic system has been switched out with centrally-planned economic system. Watch this four minute card trick starting at 4:48 to see this illustrated. The Fed is the card trick that distracts us from the fact that our economic system has been changed.