Tag Archives: austerity

FAKE MONEY THEN AND NOW: IRELAND EDITION

Two pieces of information have struck me recently, both concerning Ireland at first glance, but really concerning all of humankind when you really think about it.  Let me discuss the second piece of info first, which is summed up quite … Continue reading

Posted in Crap-italism, Debt Slavery, Everything Is Rigged, fiat currency, Financialization, Nixon Shock, self-issued currency | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Bank of America, Crap-italism, Debt, Everything Is Rigged, Federal Reserve, fiat currency, Redistribution, Rent-seeking, Reverse socialism, Securitization Fail, Too big to fail, Wealth transfer | Tagged , , , , , , , , , , , , , , , | Leave a comment