Category Archives: Wealth transfer
PART 2: WHAT “RECOVERY”? WHO CAN AFFORD ANYTHING?
Who can afford anything? Not many people, it seems. As noted in yesterday’s post, half of America cannot afford the house they are “buying,” while at the same time rents are skyrocketing, with the number of people who pay half … Continue reading
Posted in "supply and demand", class war, Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financial Terrorism, Financialization, Paper terrorism, Price, Price-fixing, QE unlimited, Redistribution, Reverse socialism, Too big to fail, Wage slavery, Wages, Wealth transfer
Tagged bailout, BLS, debt slavery, Everything Is Rigged, Federal Reserve, fiat currency, foodstuffs, inflation, promissory note, QE, The Economist, wage slavery, Zero Hedge
2 Comments
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
PROFITS VS. OBSCENITY: MCDONALD’S EDITION
So I posted this meme on my FB page today: I made the following comment on the post: “And this is what it all comes down to–there’s profit, and then there’s obscenity. These multinationals want obscenity. We’re saying, ‘No obscenity … 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
WHO OWNS WHAT: BANKS AND THE NEW FEUDALISM
In a new Salon article, David Dayen eloquently sums up root cause of the new feudalism, which is being helped along by the federal government and federal courts: “Many focus on how the failure to prosecute financial crimes, by Attorney … Continue reading
DEBT BY DESIGN: “IT’S IMPOSSIBLE TO WORK YOUR WAY THROUGH COLLEGE NOW…”
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
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
THE WAY THINGS REALLY WORK: SWAPS AND SYRIA
https://www.youtube.com/watch?v=PS5DOg-_XXE A couple of interesting stories read over the weekend about how–not to beat a dead horse (because this horse is very much alive)–everything is rigged, from the “economy” to war. First a great one from Ellen Brown regarding interest-rate … Continue reading
Posted in Asset Bubble, Conspiracy, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Foreclosure fraud, Keiser Report, Price-fixing, Wealth transfer
Tagged Ellen Brown, Empire Burlesque, false flag, financial fraud, Financial Terrorism, interest, interest rate swaps, Iraq, LIBOR, Max Keiser, Riverside County, sarin, Seymour Hersh, Sifma
Leave a comment
LIBERTY ROAD MEDIA 