Juggling Dynamite

Last night we went to see Ed Asner at our local theater in the one man comedy and social message on prostrate screening, “A man and his prostate”. It was funnier than the title may suggest! But most of all, having grown up loving ‘The Mary Tyler Moore show’ (1970-1977) and ‘Lou Grant’ (1977-1982) seeing the now 88 year old Asner up close and personal was a heart-warming re-connection to our youth and the 1970’s.

At the end, Asner answered some questions on his career and life experience, and how his work as a social activist caused ‘Lou Grant’ to be cancelled after 5 seasons.  I had not heard this story before.  He explains it in the clip below.  An important reminder that political power and corporate sponsorship have long joined to protect the status quo and oppose social evolution and self-determinism.

Ed Asner on “Lou Grant” being cancelled. Here is a direct video link.

Danielle was a guest with Kerry Lutz on The Financial Survival Network, talking about recent developments in the world economy and markets.  You can listen to an audio clip of the segment here.

Few appreciate why central banks have been so committed to enabling banks and excessive debt creation.  The truth is that our financial demise is baked into their design.  See Fox in the Hen House:  Why interest rates are rising:

The FOMC is composed of the Federal Reserve’s seven-member Board of Governors, the president of the New York Fed, and four presidents from the other 11 Federal Reserve Banks on a rotating basis. All 12 Federal Reserve Banks are corporations, the stock of which is 100% owned by the banks in their districts; and New York is the district of Wall Street. The Board of Governors currently has four vacancies, leaving the member banks in majority control of the FOMC. Wall Street calls the shots; and Wall Street stands to make a bundle off rising interest rates.

The Federal Reserve calls itself “independent,” but it is independent only of government. It marches to the drums of the banks that are its private owners. To prevent another Great Recession or Great Depression, Congress needs to amend the Federal Reserve Act, nationalize the Fed, and turn it into a public utility, one that is responsive to the needs of the public and the economy.