Category Archives: Rent-seeking
Money Is Fake—People Are Waking Up
A great article from Charles Hugh Smith appeared on Zero Hedge today. It’s titled “The Changing World Of Work 2: Financialization = Insecurity,” which perfectly encapsulates the entire problem faced by society. That is, financialization is the enemy of the … Continue reading
17 YEAR OLD HEDGE FUND CEO? WHAT COULD POSSIBLY GO WRONG?
https://www.youtube.com/watch?v=D0j0TWcyuGE Calling his operation “a hedge fund for the rest of us,” 17 year-old Jacob Wohl of Corona, CA (about 30 minutes north of where I write this) has gotten sub-million dollar investments from regular working stiffs like his high … Continue reading
TODAY, JAZZ—TOMORROW, REVOLUTION?
I had no idea before I clicked over to his page, but it was no surprise to find out that a person who was participating in the same Facebook conversation that I was and had come to the same conclusions … Continue reading
SELF-ISSUED CURRENCY: THE WAY OUT OF DEBT SLAVERY
Check out this extremely relevant and important article from Washington’s Blog: 9 Mind-Blowing Facts About Money. It is a great primer for those not familiar with fiat currency and the fact that modern currency is, without question, created out … Continue reading
ANALYST ON BANK OF AMERICA: “Cesspools like BAC need to be completely drained”
Wow! David Stockman pulls zero punches in this excellent rant (“Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming,” Contra Corner, Feb. 11, 2015) on how a company like Bank of America in any legitimate legal context … Continue reading
Master Narrative Rewrite: Herman Shorts and C.H. Smith
Where do most people get their ideas about “the way things ought to be?” How is it that people can enthusiastically and vehemently support entities and policies that act in ways that are objectively contrary ways to the interests of … Continue reading
THAT AIN’T RAIN, IT’S PISS: THE SHIBBOLETH OF CAPITALISM
An old saw about deceit and chicanery: “Don’t piss on my boots and tell me it’s raining.” The phrase has even made it into at least one song (with the great John Prine singing a verse)… https://www.youtube.com/watch?v=Z07gCnMJBZg In other words, … Continue reading
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
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
43 YEARS OF FAKE MONEY: MUST-WATCH VIDEO
Finally broke down and watched one of the videos I had been hearing about on the Peak Prosperity website. This video was the 9th in a series of 27 and was appropriately posted last Friday, August 15, the 43rd anniversary of … Continue reading