Category Archives: Rent-seeking

HOW FAKE MONEY BECAME LEGAL MONEY: THE AFFIRMATION OF THE NIXON SHOCK

Posted on August 15, 2014 by eggsistense

Forty-three years ago today in what is now not-so-commonly known as the “Nixon Shock”, Richard Nixon ended the Bretton Woods system by ending the convertibility of Federal Reserve Notes to gold, thereby putting the United States—and the world—on the road … Continue reading →

Posted in Bank of America, California, civil rights, class war, Conspiracy, Crap-italism, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financialization, Kangaroo court, Nixon Shock, Redistribution, Rent-seeking, Reverse socialism, Wage slavery, Washington, Wealth transfer | Tagged Bank of America, Bretton Woods, Brown v. Board of Education, fake money, Federal Reserve, H.L. Perry, Larry Becraft, Mae Brussell, Milam v. U.S., Ninth Circuit, Nixon Shock, Plessy v. Ferguson, Richard Nixon, The Realist | 3 Comments

FORECLOSURE FRAUD BUSINESS MODEL HAS GONE INTERNATIONAL

Posted on August 1, 2014 by eggsistense

This Paul Singer (the rentier of rentiers) vs. Argentina story has all the elements familiar to homeowners facing foreclosure across the U.S.: 1) Giant corporation (i.e., Paul Singer’s hedge fund) trying to enforce questionable debt 2) Judges favoring giant corporation … Continue reading →

Posted in Everything Is Rigged, fiat currency, Financial Terrorism, Foreclosure fraud, Rent-seeking, Secondary debt market, Uncategorized | Tagged Argentina, foreclosure fraud, Paul Singer, sovereign debt | 11 Comments

DETROIT: GOT A WRENCH? TURN YOUR WATER BACK ON

Posted on July 1, 2014 by eggsistense

By now, everyone has heard the appalling story about water shutoffs in Detroit: Residents of Detroit, Michigan who are $150 or two months past-due on their water bills are having their water shut off by the bankrupt city. Now, even … Continue reading →

Posted in Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Feudalism, Financial Terrorism, racism, Rent-seeking | Tagged Detroit, jackhammer, monkey wrench, Paulo Coelho, revolution, valve, water is free, water main, water meter | 8 Comments

WHAT “RECOVERY?” WHO CAN AFFORD ANYTHING?

Posted on June 4, 2014 by eggsistense

Scene: a typical American coffee shop. We see two casually-dressed friends sitting at a table, talking quietly and drinking a cup of joe. We notice one has a “grande” while the other has a “tall.” Suddenly we hear loud guffawing … Continue reading →

Posted in Asset Bubble, Bank of America, Crap-italism, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Financialization, Price, Price-fixing, Rent-seeking, Rentier, Wage slavery, Wages | Tagged can't afford house, coffee, grande, HELOC, Justice League Task Force, landlord, money is fictional, money out of thin air, prices, rent, Rentier, salary, second job, tall, third job, venti, wages | Leave a comment

BE AN OUTLAW: THE ANNOTATED LYRICS

Posted on April 30, 2014 by eggsistense

So I wrote a new song inspired by current events. My wife says it sounds like The Monkees–OK, I can live with that. I was going for a Clash-meets-Archies type sound (check the tambourine and oohs and ahs), for what … Continue reading →

Posted in civil rights, class war, Conspiracy, Debt, Debt Slavery, Domestic Spying, Edward Snowden, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financial Terrorism, Foreclosure fraud, Keiser Report, NSA, Police State, QE unlimited, Rent-seeking, Reverse socialism, Securitization Fail, Surveillance | Tagged Be An Outlaw, camping, Dianne Feinstein, foreclosure fraud, gun control, homeless, legalize freedom, living in your car, NSA, ordinance, park, prison, sleeping on the street, Sound Cloud, The Archies, The Clash, The Four Horsemen, The Monkees | Leave a comment

DEBT BY DESIGN: “IT’S IMPOSSIBLE TO WORK YOUR WAY THROUGH COLLEGE NOW…”

Posted on April 21, 2014 by eggsistense

And that’s the point of all these bubbles, and QE, and ZIRP, and inflation– it forces you to finance what you could once buy outright through working. This is the true end game of the “Nixon Shock,” petrodollar, credit bubbles, etc. … Continue reading →

Posted in "supply and demand", Debt, Debt Slavery, fiat currency, Financial Terrorism, petrodollar, Redistribution, Rent-seeking, Rentier, Wages, Wealth transfer | Tagged 1971, bubble, college, financialization, Michigan State, minimum wage, Nixon Shock, rent-seeking, student loans, work | Leave a comment

YOUR MONEY IS WORTHLESS BY DESIGN

Posted on February 13, 2014 by eggsistense

As usual, Max Keiser’s show is always worth watching. This time, it’s for something his guest–Simon Rose of Save Our Savers said almost offhandedly toward the end of the show (23:57 mark): “It’s like being in The Matrix. You know, … Continue reading →

Posted in Debt, Debt Slavery, Everything Is Rigged, fiat currency, Financial Terrorism, Keiser Report, Price, Price-fixing, Redistribution, Rent-seeking, Rentier, Reverse socialism, Wage slavery, Wages, Wealth transfer | Tagged deflation, fiat currency, inflation, Max Keiser, rent-seeking, Rentier, Save our Savers, Simon Rose | 3 Comments

PRICE-RIGGING IS THE NAME OF THE GAME: TAIBBI’S LATEST

Posted on February 13, 2014 by eggsistense

Matt Taibbi comes through again with another bombshell of a story about a little-understood provision of the 1999 Financial Services Modernization/Gramm-Leach-Bliley Act: “A tiny provision in the bill also permitted commercial banks to delve into any activity that is ‘complementary … Continue reading →

Posted in Asset Bubble, Conspiracy, Debt, Debt Slavery, Everything Is Rigged, Financial Terrorism, Foreclosure, Price, Price-fixing, Rent-seeking, Rentier, Reverse socialism, Wealth transfer | Tagged aluminum, Barclays, Blythe Masters, california, Easter Bunny, Financial Services Modernization Act, Financial System, Gramm-Leach-Bliley Act, Matt Taibbi, Phil Gramm, pricing, rent-seeking, Rentier, Stanley Druckenmiller, Tooth Fairy, wealth transfer | 1 Comment

EVERYTHING IS RIGGED BECAUSE YOU ARE A FORCE TO BE RECKONED WITH

Posted on January 13, 2014 by eggsistense

Today Neil Garfield gets into the fact that the courts are rigged. Yeah, I know–no shit, Sherlock. He has this to say: “Citizens who find themselves in the court system are fast losing faith that it is a rubber stamping … Continue reading →

Posted in class war, Conspiracy, Everything Is Rigged, Infinite Consciousness, Living Lies, Price-fixing, Rent-seeking | Tagged Black Box Voting, David Icke, electric car, Everything Is Rigged, infinite consciousness, LIBOR, Neil Garfiled | 2 Comments

$200 TO SETTLE $10K? OPEN THE “SECONDARY DEBT MARKET” TO THE PUBLIC AND FIX THE ECONOMY!

Posted on December 4, 2013 by eggsistense

So the Rolling Jubilee continues! Right on! It’s a great idea, but one wonders, why can’t we all be given the option to do this ourselves? That is, why can’t we buy our own bad debts and thereby extinguish them? … Continue reading →

Posted in Debt, Debt Slavery, Federal Reserve, fiat currency, Financial Terrorism, Rent-seeking, Secondary debt market, self-issued currency | Tagged debt, debt slavery, Michael Hudson, Rolling Jubilee, secondary debt market, Strike Debt | Leave a comment