Tag Archives: QE
“Secret Shame” of Middle Class vs. Shamelessness of Banks
, While there is certainly much to appreciate in “The Secret Shame of the Middle-Class,” Neal Gabler’s recent article in The Atlantic, I still felt that it ultimately acts as an indictment of, rather than a gesture of solidarity with, … Continue reading
The great word game of banking explained: reclassifying “loans” as “deposits”
The other day, I ran across another stellar article about money creation at Washington’s Blog. The article, titled “A Loophole Allows Banks – But Not Other Companies – to Create Money Out of Thin Air” contains excerpts from a 2014 … Continue reading
Bailout vs. Bernie: Which is more “socialist?”
Oh, the smugness that doth flow from those who fancy themselves to be cold realists, allegedly harboring nary a scintilla of fantasy about the way the world doth “really work”—a way which these smug folk unfailingly describe with a single, … Continue reading
“Why Have Any Laws?” Good question with a surprising answer.
That’s actually a good question from Mr. Mandvi in the above meme: “Why have any law?” Of course, he’s talking about gun laws. But it’s far more important to ask that question about matters other than gun regulations. What about … Continue reading
May Day 2015: 5 Reasons Working People Are Pissed…
A repost from last year…ain’t a damn thing changed, so I just changed the year, changed the title a little, but other than that—it’s exactly the same. Nothing changes on New Year’s Day. How long must we sing this song? … Continue reading
THE “MERS-LPS RACKETEERING ENTERPRISE”: HARKEY V. US BANK ET AL.
A complaint filed on January 20, 2015 in U.S. District Court for Nevada—Michael Harkey v. U.S. Bank et al. (Case No. 2:14-cv-00177-RFB-GWF)–really breaks down exactly what the scam of MERS is, and it does so with a level of clarity … Continue reading
BANKS’ FREE LUNCH=RECORD PROFITS, KIDS’ FREE LUNCH=RECORD LOSS
So the latest indicator that not only has there not been a financial/economic recovery for the average person in the U.S. but also things have gotten worse? Over half of all public school students in the U.S. are now eligible … Continue reading
BoA SETTLEMENT=BS
Never fear, citizens! With this much-ballyhooed $16.65 billion settlement, our hero Eric Holder has swooped in like the proverbial mighty raptor eagle, ruler of the skies, and snatched the lowly serpent–a “BoA”–in its fearsome talons, to be sacrificed for the … Continue reading
MERS: THE INVISIBILITY CLOAK OF THE BANKSTERS
Yes, the banks don’t want you to see what they’re doing–or not doing, as the case may be. Specifically, they don’t want you to see that they have separated your note from your deed of trust/mortgage. In my opinion (and … Continue reading