Tag Archives: debt
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 austerity, BAC, BANA, Bank of America, BOA, Brian Moynihan, cesspool, David Stockman, debt, Gail Tverberg, Mark Blyth, Paul Krugman, peak debt, Salon.com, TBTF, Zero Hedge
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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
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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
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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
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$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
LIBERTY ROAD MEDIA 