Democracy, n. (OED)

1.
a. Government by the people; that form of government in which the sovereign power resides in the people as a whole, and is exercised either directly by them (as in the small republics of antiquity) or by officers elected by them. In modern use often more vaguely denoting a social state in which all have equal rights, without hereditary or arbitrary differences of rank or privilege.

b. A state or community in which the government is vested in the people as a whole.

And then I thought this second definition was particularly interesting...

2. That class of the people which has no hereditary or special rank or privilege; the common people (in reference to their political power).

1827 H. Hallam Constit. Hist. Eng. II. xii. 322 The power of the democracy in that age resided chiefly in the corporations.

1841 T. P. Thompson Exercises (1842) VI. 151 The portion of the people whose injury is the most manifest, have got or taken the title of the ‘democracy’. For nobody that has taken care of himself, is ever, in these days, of the democracy..The political life of the English democracy, may be said to date from the 21st of January 1841.

1868 Mill in Eng. & Ireland Feb., When the democracy of one country will join hands with the democracy of another.

1827—1868

Radio LInk: Podcast on Minting A Trillion Dollar Coin

Here are the main points of this magical coin worth a trillion dollars:

-People are looking for a magic bullet to make the whole re-occurring debt crisis go away, and they think they found it in a platinum coin worth a trillion dollars.

-Much like a dollar bill, is just a piece of paper, this coin is what the government and society say it is worth. So if the government & society say it's = to a trillion dollars, then it is.
But if government and society cease to exist, then it's only worth the platinum this trillion dollar coin is made from.

-It's not dumping a trillion dollars into the marker, it's not a trillion one dollar bills which go out to everyone. It's just going to sit in a bank, so that the government doesn't have to raise the debt ceiling but they can go on spending the way they would.

Click Here to Listen to MarketPlace Podcast on the Trillion Dollar Platinum Coin

Watch Bare Knuckle Boxing Clip #2

From the motion picture Sherlock Holmes, albiet Robert Downey Jr is using an Asian Boxing style but his opponent is stays true to late 19th century American Bare Knuckle Boxing Match technique. Click Here to Watch Bare Knuckle Boxing Clip #2, Sherlock Holmes

Bare Knuckle Boxing Clip #1

19th Century Boxing Clip from the Tom Cruise and Nicole Kidman movie 'Far and Away' The fighting sequence is from the top of the clip until 2:05 min,
Click here: Bare Knuckle Boxing Clip from Far and Away

The Ascent of Money: Swift Economics Economic Documentary of the Year

 The Ascent of Money

Niall Ferguson has written plenty of great books and made some great documentaries, but nothing beats his six part series on the history of finance. He goes over the history of banking, the bond market, corporations and insurance and then moves into how those institutions work today (and how everything went wrong). A must see for anyone interested in economics and history.

click here to watch!

What is a Bubble? The dot.com bubble.

Click on this link to watch a 3 min explanation of economic bubbles: What is a Bubble? dot.com Bubble

An Excerpt from Goodbye to All That (The End for Now) Amphetamine Logic by Cat Marnell an expose on snorting up in NYC

I snorted dope in DUMBO and I smoked dust on the beach. I preyed on editors during the day and slept with monsters at night. Life's never dowdy in an Audi scoring pudé up in Washington Heights, is it babes? I drank Diet Coke and had coke sex and sat in Yorkville townhouse basements playing Mario Kart on a grimy old Super Nintendo. We smoked crack until our fingers turned black and watched Mel Gibson's Apocalypto. I chilled with famous downtown stupor freaks tweaking and listening to Diplo.

"WHY IS EVERYBODY DRESSED LIKE MR. PEANUT?!" I screamed once at Le Baron. I had about 40 pounds of fake hair on.

The Boom Boom Room was always full of doom. Our PCP smelled like burnt balloons. I was dressed Boricua heroin chic. Shaun was asking me if I saw Wu Tang at Milk Studios that one weird Fashion Week.

read more here, http://www.vice.com/read/goodbye-to-all-that-the-end-for-now