Tag Archives: Nixon Shock

Chomsky on Financialization vs. Capitalism: “That doesn’t make me fall in love with the feudal system.”

Great article about real-world economics on the occasion of Noam Chomsky’s comments in a documentary called “The Divide.”  Noam is particularly on point in this one. Example: “INTERVIEWER: Does it give you any hope that some of the super-rich, such … Continue reading

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Slavery and Secession: Old vs. New—TPP Edition

I was chastised last night on Facebook for constantly posting about the reasons why I believe that the rebel flag should be removed from Mississippi’s flag and from South Carolina’s capitol.  And of course, trying in vain to promote my … Continue reading

Posted in Civil War, Confederacy, Conspiracy, Crap-italism, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Gold, Redistribution, Rent-seeking, Reverse socialism, Tyranny, Wage slavery, Wealth transfer | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

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

43 YEARS OF FAKE MONEY: MUST-WATCH VIDEO

Finally broke down and watched one of the videos I had been hearing about on the Peak Prosperity website.  This video was the 9th in a series of 27 and was appropriately posted last Friday, August 15, the 43rd anniversary of … Continue reading

Posted in Asset Bubble, Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, fiat currency, Financial Terrorism, Financialization, Foreclosure fraud, Keiser Report, Nixon Shock, Redistribution, Rent-seeking, Reverse socialism, Wage slavery, Wealth transfer | Tagged , , , , , , , , | Leave a comment

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

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 , , , , , , , , , , , , , | 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

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 , , , , , , , , , | Leave a comment

BLACK FRIDAY: IS NOTHING SACRED?

What?  Prices at retail are rigged, too?  Even on Black Friday, that most holy of all shopping days?  Heaven forfend! Yes, turns out it’s not just the price of oil, financial products, gold, etc. that are outright rigged or at … Continue reading

Posted in "supply and demand", Debt, fiat currency, Price, Price-fixing | Tagged , , , , , , , , , , , , , , | Leave a comment