Category Archives: Everything Is Rigged
THE END OF CHEAP LABOR AND CHEAP CREDIT—WHAT NEXT?
So I agree with the overall premise of this David Stockman article: cheap labor in the East allowed cheap credit to proliferate in the West: “It was the two-decades-long flow of quasi-slave labor into the export factories of east China … Continue reading
DEBT JUBILEE: THE AFTERMATH
Let’s say that tomorrow, out of the blue, there was a complete debt jubilee. Meaning, if you went to bed tonight with $100K in student loans and $3K left until your car is paid off, and a mortgage you’re 20 … Continue reading
BANKS PUT ALL RISK ON US, THEN TAKE ALL THE REWARD AND PRETEND THAT IS CAPITALISM
We all know that all fiat money, such as the U.S. dollar, is created out of thin air not by banks but by the people and only has value because said people ultimately have “faith” in it. This is uncontroversial … Continue reading
JUDGES: DUPES OR IN ON IT?– PART 2
You may remember the LRM story from March of this year which asked the question—in the context of mortgage foreclosures—“Judges: Dupes or in on it?” From that article: “Judges have to know what’s going on. They read the news. They’re … Continue reading
WANT TO “BEHEAD” ISIS? GET U.S. OFF OIL ASAP
A recent Bloomberg article notes that “ISIS” is more or less a “Taliban with oil fields”: “The Islamic State, which now controls an area of Iraq and Syria larger than the U.K., may be raising more than $2 million a … Continue reading
RED ALERT—EVICTION OF MICHIGAN FORECLOSURE FIGHTER SET FOR TOMORROW, PEACEFUL PROTEST PLANNED
You may remember reading the story of KathyJo Enders Torrenga and her family here on the site. They are scheduled to be evicted from their Muskegon, Michigan home tomorrow morning. This is happening despite the fact that the Torrengas have … Continue reading
JUSTICE IS RANDOM?
Justice is supposed to be blind, but is it also supposed to be random? I recently read where a foreclosure defense attorney who is definitely one of the good guys and has gotten many favorable rulings for homeowners said that—paraphrasing—his … Continue reading
“YOU’RE A TERRORIST IF YOU TRY TO VERIFY WHAT WE’RE TELLING YOU”
At least that’s how I read the statement from Scotland Yard, reported here in the Daily Mail: “‘We would like to remind the public that viewing, downloading or disseminating extremist material within the UK may constitute an offence under terrorism … Continue reading
BoA SETTLEMENT=BS
Never fear, citizens! With this much-ballyhooed $16.65 billion settlement, our hero Eric Holder has swooped in like the proverbial mighty raptor eagle, ruler of the skies, and snatched the lowly serpent–a “BoA”–in its fearsome talons, to be sacrificed for the … Continue reading