Category Archives: Financialization
Socialism scare more accurately aimed at capitalism
It’s hilarious when the capitalists try to fearmonger over trying something that might actually help people. Socialism leads to “complete economic calamity?” Isn’t that what capitalism did in 2008? And 1987? And 1971? And 1929? And is about to do … Continue reading
Posted in Asset Bubble, class war, Crap-italism, fiat currency, Financial Terrorism, Financialization, Liberty Road, Master Narrative, Nixon Shock, Rent-seeking, Rentier, Securities, socialism, Uncategorized, Wealth transfer
Tagged capitalism, Donald Trump, economics, fearmongering, late capitalism, Marc Faber, Michael Hudson, recession, Reverse socialism, socialism, Zero Hedge
3 Comments
Capitalism–or “Bank-ism?”
The problem with capitalism is the same thing that is touted as its virtue. Namely, one of capitalism’s animating doctrines is that a worker can work hard and make more money as time goes on, and this is how the … Continue reading
Wells Fargo’s New Scam: Involuntary Debt Trap
So it has come to light that Wells Fargo employees did the following: On Thursday, federal regulators said Wells Fargo (WFC) employees secretly created millions of unauthorized bank and credit card accounts — without their customers knowing it — since … Continue reading
Wall Street Wanted Homeowners To Default And MIHOP
Great article from Neil Garfield today–How Servicers Engineer Defaults Using the Escrow Accounts, Forced Placed Insurance and False Projections— about how the Wall Street wolves got their defaults to trigger the big payoff from the CDS: manipulate escrow accounts. Exactly … Continue reading
Posted in Financialization, Foreclosure, Foreclosure fraud, Redistribution
Tagged CDO, CDS, Countrywide, escrow, foreclosure, Living Lies, MIHOP, Neil Garfield, refinance, The Big Short
1 Comment
Wonder why no American elites mentioned in the reporting on “The Panama Papers?” Truthdig explains.
My thoughts exactly in a great new Truthdig article–the Panama Papers are great and all, but where the hell are the Americans mentioned? We’re expected to believe that Americans have clean hands in all this? Is that a joke? No … Continue reading
Bailout vs. Bernie: Which is more “socialist?”
Oh, the smugness that doth flow from those who fancy themselves to be cold realists, allegedly harboring nary a scintilla of fantasy about the way the world doth “really work”—a way which these smug folk unfailingly describe with a single, … Continue reading
Posted in Crap-italism, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Financialization, QE unlimited, Redistribution, Rent-seeking, Reverse socialism
Tagged 2008, bailout, Bernie Sander, Bill O'Reilly, free stuff, money out of nothing, money out of thin air, PBS, QE, QE unlimited, quantitative easing, secret bailout, socialism
Leave a comment
Quantum Theory of Fake Money and Fraud: “The black hole of debt is starting to warp the financial universe”
Professor Max “Planck” Keiser again breaks down for us what is really going on in Episode 827 of the Keiser Report. Professor Stacy “Einstein” Herbert tells us that in the past few episodes, she and Max had been talking about … Continue reading
Posted in Crap-italism, Debt, Debt Slavery, Everything Is Rigged, fiat currency, Financial Terrorism, Financialization, Foreclosure, Keiser Report, petrodollar, QE unlimited, Rent-seeking, Too big to fail, Wealth transfer, World War III
Tagged black hole, financial fraud, Financial Terrorism, fraud, Max Keiser, quantum theory, Stacy Herbert
Leave a comment
How the rich got richer and continue to do so: evading risk.
On the most recent episode of the Keiser Report, Max and Stacy open the show with a discussion of the chart below, which shows that the top 1 percent of the world’s population owns half of the world’s wealth, and … Continue reading
Posted in Crap-italism, Debt, Everything Is Rigged, Financial Terrorism, Financialization, Reverse socialism, Wealth transfer
Tagged Bank of England, capitalism, crap-italism, derivatives, Financial Terrorism, GIABO, global wealth pyramid, Max Keiser, Michael Hudson, one percent, risk, Simon Heffer, Stacy Herbert
Leave a comment
R. Crumb also hates banks! “2008 was the biggest robbery in history…”
I’ve been an R. Crumb fan for years, and these comments of his about the ongoing ripoff of society by the banks–from a new article in the New York Observer–only deepen my admiration for him: “…The documentary The Sorrow and … Continue reading
Where is the money gonna come from to pay for all that “free stuff?” From thin air, of course—time to accept the truth.
NOTE: This is not an article about, or necessarily in support of Bernie Sanders. Please don’t read it that way. He is just emblematic of the larger point being made herein and therefore has to be referred to multiple times… … Continue reading
LIBERTY ROAD MEDIA 