Tag Archives: debt

Collapse Is Unnecessary Because All Money Is Fake

So Greece has now “defaulted” on its international “obligations,” thereby becoming the first developed nation to challenge the hegemony of the international system of finance—as opposed to the actual economy—by simply not paying.  Russia Today puts it thusly: The International … Continue reading

Posted in Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, Financial Terrorism, Financialization, Rent-seeking, Rentier, stock market, Too big to fail, Tyranny, Wage slavery | 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

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 , , , , , , , , , , , , , , , | 2 Comments

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 , , , , , , , , , , , , , , , , , , , , | 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 , , , , , , , , , , | 31 Comments

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

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 , , , , , | Leave a comment