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Tag Archives: wealth
Pretend to the Bitter End
Pretend to the Bitter End Forecast 2016 There’s really one supreme element of this story that you must keep in view at all times: a society (i.e. an economy + a polity = a political economy) based on debt that will never be paid back is certain to crack up. Its institutions will stop functioning. […]
America 2016: What Happens When a Nation Gives Too Much Political Power to the Super Rich
America 2016: What Happens When a Nation Gives Too Much Political Power to the Super Rich Sheldon Adelson. (East Coast Gambler / CC BY 2.0) As the high-powered shenanigans of Las Vegas casino mogul and GOP bankroller Sheldon Adelson show, “Oligarchy, rule by the few, also tends to become rule by the monstrously self-centered,” Paul Krugman writes […]
Re-branding Dissent
Re-branding Dissent I am one of those who thinks that democracy is being destroyed. I know its fashionable to play cynical one-upmanship and say – ‘we’ve never had democracy’, or, ‘it was destroyed long ago’, but that game aside, I think its worth actually thinking about how, many forms of democratic expression, effective dissent and peaceful self-determination are […]
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing The only real solution in my view is to create and distribute money at the base of the pyramid rather than to those in the top of the pyramid. Many well-intended people want to reform the status quo for all sorts […]
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing The only real solution in my view is to create and distribute money at the base of the pyramid rather than to those in the top of the pyramid. Many well-intended people want to reform the status quo for all sorts […]
Have We Hit Peak Inequality?
Have We Hit Peak Inequality? These 400 billionaires are wealthier than 190 million of their fellow Americans. When should we be alarmed about so much wealth in so few hands? The Great Recession and its anemic recovery only deepened the economic inequality that’s drawn so much attention in its wake. Nearly all wealth and income […]
Con 21
Con 21 Nickolay Lamm Jefferson Memorial under 25 feet of water French Foreign Minister Laurent Fabius just announced, in Paris, a “legally binding agreement” that no-one has agreed the financing for. We can hear a couple thousand lawyers across the globe snicker. But it’s all the COP21 ‘oh-so-important’ climate conference managed to come up with. No surprises […]
How Money Disappears in a Fractional-Reserve Money System
HOW MONEY DISAPPEARS IN A FRACTIONAL-RESERVE MONEY SYSTEM Most experts are of the view that the massive monetary pumping by the US central bank during the 2008 financial crisis saved the US and the world from another Great Depression. On this the Federal Reserve Chairman at the time Ben Bernanke is considered the man that […]
Money v Fiat
Money v Fiat QUESTION: Why do you do not see that money must be backed by something tangible? ANSWER: That is a barter perspective which is so antiquated you are blind to reality. Your proposition is only gold has value and you yourself are worthless. This idea of fiat money is just out of line with […]
Introduction: Bank-Money
Introduction: Bank-Money ‘BANK ROBBERY’ is not a book about how to rob a bank: it’s about how banks rob us. The title sounds a bit sensationalist: perhaps people think it’s not meant to be taken too seriously. Banks don’t actually rob us, surely: they provide a service – even if they do charge too much, and behave […]
Seek and Ye Shall Find
Seek and Ye Shall Find A man who wants to lead the orchestra must turn his back on the crowd.” – Max Lucado. So. Farewell then Jim Slater, who died earlier this month. We met Mr. Slater only once, at an investment conference at the height of the financial crisis in 2008. Just before going on […]
Fractional-Reserve Banking is Pure Fraud, Part I – Jeff Nielson
Fractional-Reserve Banking is Pure Fraud, Part I This is a commentary which should never have needed to be written. What is euphemistically called “fractional-reserve banking” is obvious fraud, and obvious crime. By its very definition; it transforms the banking sector of an economy into a leveraged Ponzi-scheme, and as with all Ponzi-schemes, there is no […]
Limits of Liberal War Opposition
Limits of Liberal War Opposition Robert Reich’s website is full of proposals for how to oppose plutocracy, raise the minimum wage, reverse the trend toward greater inequality of wealth, etc. His focus on domestic economic policy is done in the traditional bizarre manner of U.S. liberals in which virtually no mention is ever made of the 54% […]
What Money Means
What Money Means It’s important, but it’s not everything There’s no doubt that money is important. There’s good reason why most of us devote a huge percentage of our lives to pursuing it. But there’s much about money that is misunderstood. Many among the masses don’t realize the intense and coordinated efforts currently being waged […]
