Category Archives: Federal Reserve
INSTEAD OF BANNING CASH, GO TO SELF-ISSUED CURRENCY
Apparently Kenneth Rogoff doesn’t think the banks and their kept governments have enough ways to screw us all over, so he is proposing a ban on cash: “Has the time come to consider phasing out anonymous paper currency, starting with … Continue reading
Posted in Asset Bubble, Conspiracy, Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Financialization, Nixon Shock, QE unlimited, self-issued currency, Wages, Wealth transfer
Tagged Bank of England, cash, cashless society, debt, debt slavery, endogenous money, Federal Reserve, Financial Times, Harvard, inflation, Kenneth Rogoff, money is fictional, pre-existing money, promissory note, reserves, self-issued currency
2 Comments
UNICORNS ARE REAL–IF YOU’RE A BANK
And if you’re not a bank, then…no unicorns, only trolls. But really, it’s amazing the extent to which human society continues to run on myth, as one can see during the extended interview of Timothy Geithner by Jon Stewart, and … Continue reading
Posted in Asset Bubble, Crap-italism, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Foreclosure fraud, QE unlimited, Redistribution, Too big to fail
Tagged Alan Greenspan, artificial scarcity, Jon Stewart, money out of nothing, Neel Kashkari, The Daily Show, Timothy Geithner, unicorns
Leave a comment
THE HOLY FATHER IS RIGHT ON THE MONEY ABOUT “REDISTRIBUTION”
The headline of almost every news story about the Pope’s speech to the United Nations went with, in one form or another, the idea that the Pope wants redistribution of wealth from the rich to the poor, even though this … Continue reading
BANK OF AMERICA’S $4 BILLION “ACCOUNTING ERROR”
Saw the story of Bank of America’s “accounting error” a few days ago and muttered something to myself about how they’ll just get away with this accounting fraud just like they’re getting away with the foreclosure fraud. After all, it’s … Continue reading
NOT NEGATIVE, JUST TRUE: “EXPENSES SOAR, WAGES STALL”
A few days ago, the website of The Washington Post ran a story with this headline–“Happy Days No More: Middle-class families squeezed as expenses soar, wages stall.” No shit, Sherlock. The article tells us the following: “Wages for millions of … Continue reading
Posted in Asset Bubble, class war, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financialization, Nixon Shock, self-issued currency, stock market, Wage slavery, Wages, Wealth transfer
Tagged 000 Years, 1971, 1987, Bank of England, Black Monday, Charles Hugh Smith, David Graeber, debt, Debt: The First 5, financialization, Happy Days, inflation, median household income, middle class, Nixon Shock, Of Two Minds, Ronald Reagan, S&L Crisis, self-issued currency, The Air Standard, Washington Post
Leave a comment
MAY DAY 2014: WORKING MEN SHOULD BE PISSED
So it’s International Worker’s Day…to paraphrase D. Boon from the video above, I’ll put it in simple words why working men (and women) are (or should be) pissed… 1. Banks got bailed out by workers while banks continue to prey … Continue reading
Posted in Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Foreclosure fraud, Keiser Report, Living Lies, minimum wage, QE unlimited, Redistribution, Rentier, Reverse socialism, Tax, Wage slavery, Wages, Wealth transfer
Tagged D. Boon, food stamps, foreclosure fraud, International Worker's Day, labor, May Day, middle class, Minutemen, money out of thin air, QE, quantitative easing, taxes, The Economist, wages, Washington Post, workers, working poor
1 Comment
FORGET HEARINGS, JAIL BANKERS
Indeed, these will be hearings (if and when they happen) on financial faux pas, not financial terrorism–and the second kind is the kind we need… Having new hearings on the Independent Foreclosure Review–which was abruptly ended by a settlement in … Continue reading
Posted in Conspiracy, Everything Is Rigged, Federal Reserve, Financial Terrorism, Foreclosure, Foreclosure fraud, Too big to fail, Uncategorized, US Bank
Tagged Darrell Issa, Elijah Cummings, Elizabeth Warren, excessive fees, foreclosure fraud, hearings, Independent Foreclosure Review, Mary McCulley, OCC, Promontory Financial, salon, us bank
5 Comments
THE SOLUTION: SINCE THE MONEY ISN’T REAL, THE DEBT ISN’T EITHER
Very interesting commentary from David Graeber (Occupy movement leader and author of “Debt: The First 5,000 Years“) on the Bank of England’s recent admission that money is created out of thin air. Graeber sounds as excited as me in describing … Continue reading
Posted in Conspiracy, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Foreclosure fraud, Wage slavery, Wealth transfer
Tagged 000 Years, Bank of England, banks, David Graeber, debt, Debt: The First 5, deposits. financial crisis, foreclosure fraud, money, Occupy, Occupy Wall Street
34 Comments
LIBERTY ROAD MEDIA 