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Comments · 8
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Re:USA contrasted with...
" I'd love to hear companies speak of employees like something other than a lump of coal to be tossed into the boiler."
Not going to happen until you people start getting a clue that your masters don't even practice what they preach, you guys need to stop licking the balls of capitalist ideology so hard and ask tough questions about whether rule of law can even exist in a high tech society. How is one to hold a big company accountable when you are hundreds of miles away from it? I have serious doubts most of you guys are introspective and self critical enough to see through your leaders bullshit.
You want to be treated better you guys need to start scaring the shit out of the business community and let them know you'll stand up for your right to exist too instead of being so slave like to the business community.
Crisis of democracy
https://www.youtube.com/watch?v=ZYFxtNgOeiI
Our brains are much worse at reality and thinking than thought. See the manufacturing consent videos when you get the time.
Science on reasoning:
https://www.youtube.com/watch?v=PYmi0DLzBdQ
Protectionism for the rich and big business by state intervention, radical market interference.
https://www.youtube.com/watch?v=WHj2GaPuEhY#t=349
Wikileaks
https://www.youtube.com/watch?v=ABDiHspTJww&feature=youtu.be
Manufacturing consent:
https://www.youtube.com/watch?v=KwU56Rv0OXM
Other important info
http://www.nakedcapitalism.com/2015/10/michael-hudson-on-parasitic-financial-capitalism.html
The Citibank memo
US distribution of wealth
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Re:Why?
Is there any actual evidence that monitoring the traditional finance industry works?
It's all smoke and mirrors for those in the know. Capitalism has never been "regulated" it's always worked in the interests of power.
Science on reasoning:
https://www.youtube.com/watch?v=PYmi0DLzBdQ
Protectionism for the rich and big business by state intervention, radical market interference.
https://www.youtube.com/watch?v=WHj2GaPuEhY#t=349
Wikileaks
https://www.youtube.com/watch?v=ABDiHspTJww&feature=youtu.be
Manufacturing consent:
https://www.youtube.com/watch?v=KwU56Rv0OXM
Other important info
http://www.nakedcapitalism.com/2015/10/michael-hudson-on-parasitic-financial-capitalism.html
The Citibank memo
US distribution of wealth
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Re:Fix the REAL fucking problem.
the corruption that creates and sustains that shit.
If you and the rest of america weren't so uneducated and ignorant you could all choose a correct political ideology, aka it's not right wing. The more right wing your country, the more you tell the world you don't understand you're being fucked by private power.
Crisis of democracy
https://www.youtube.com/watch?v=ZYFxtNgOeiI
Our brains are much worse at reality and thinking than thought. See the manufacturing consent videos when you get the time.
Science on reasoning:
https://www.youtube.com/watch?v=PYmi0DLzBdQ
Protectionism for the rich and big business by state intervention, radical market interference.
https://www.youtube.com/watch?v=WHj2GaPuEhY#t=349
Wikileaks
https://www.youtube.com/watch?v=ABDiHspTJww&feature=youtu.be
Manufacturing consent:
https://www.youtube.com/watch?v=KwU56Rv0OXM
Other important info
http://www.nakedcapitalism.com/2015/10/michael-hudson-on-parasitic-financial-capitalism.html
The Citibank memo
US distribution of wealth
http://www2.ucsc.edu/whorulesamerica/power/wealth.html
This is a project of american empire, aka the rich (big business) vs the rest of mankind.
The Grand Chessboard: American Primacy And Its Geostrategic Imperatives
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Re:"Russia's growing aggression toward the USA..."
That's cute, but have you heard about Russian propaganda about the US?
No, I haven't. What I have seen is a good deal of truthful facts and opinion about the US government and its policies. Some of it comes from Russia, some from Europe, some from the UK, Australia and Canada - and quite a lot of it comes from the USA itself.
Read the following (or as much of it as you can absorb) and see if what you learn is a little different from what the mainstream media are telling their audiences day after day.
http://russia-insider.com/en/o...
http://russia-insider.com/en/p...
http://www.strategic-culture.o...
http://www.paulcraigroberts.or...
http://awdnews.com/top-news/ru...
https://www.rt.com/news/387798...
http://michael-hudson.com/2017...
http://russia-insider.com/en/p...
http://kunstler.com/clusterfuc...
https://thearchdruidreport.blo...
https://irrussianality.wordpre...
http://johnhelmer.net/malaysia...
https://irrussianality.wordpre... -
Re:only once
The Government can issue as much (sovereign) money as it likes without causing inflation provided it is in exchange for new wealth so the wealth per dollar ratio is maintained. The limit is the capacity of the economy and ecosystem to produce wealth.
Exceeding this will cause inflation. Borrowing is entirely optional.The causes of hyperinflation are a little more involved than the popular narrative you relate. See Michael Hudson's definition here: H is for...
A more detailed examination of Weimar and Zimbabwe here:
Positive Money
A fuller explanation of the whole borrowing/spending thing here: Warren Mosler -
Re:Online ALL THE THINGS!
Everyone is broke, which turns everyone into a bargain hunter which means that stores that aren't designed to do bargains (but have other goals like convenience or quality) are priced out of the market.
On the plus side, things might improve when we are finally conquered by the East. (Probably not though.)
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Re:Bank of Sweden prize in memory of Nobel
Real economists tend to call the kind of economists that you are talking about "theoclassical" economists. That's because they tend to mock neoclassical economics, which is faith based an fails every time it is tried.
You need to check out folks like Bill Black and Michael Hudson to get real economics, and not Chicago School worship of the wealthy that passes for economics in this country.
However, it will take the political equivalent of a Hercules to clean out the Aegean Stables of the American Economics Profession, considering what the Chicago School boys have been doing to it all these years (Hint: the same thing the cattle were doing in the Aegean Stables that required Hercules to clean them.).
And clearly, this Hercules is not the current occupant of the White House.
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Forensic economics to the rescueProf. Taleb's figure of the banks loss of $1 trillion is phenomenally understated, but the Prof. is usually rather moderate in his figures, so I can't fault the brilliant professor for that. (I would say it was more in the range of many trillions.)
The more crucial situation is that we are in the midst of an enormous battle to rend our existence down to pure feudalism - even further down from the neofeudalism which prevails today (does any society which would truly espouses progress - which few do today, and definitely not the USA - still have "interest" and "rent" ???).
Capitalism is dead. The economy is over, yet Geithner, Summers and Bernanke continue on with the Bush Administration's neocon economic prescription - super-massive transfer of wealth to the upper 1/10th of 1 percent and reducing the rest of us to serfdom.
It is far more than simple errors in financial math; essentially it is a planned design for an historically colossal fraud (and NO! - these aren't "exotic instruments" which no one understands - Ponzi schemes and fraudulent tontines are comprehensible to most of us). The phrase from that Wired article to focus on - and to try to fully understand - was that an unlimited number of credit default swaps may be written against one borrower (disclaimer: quote from memory, may not be exact)- which says it all.
Marx was an optimist - believing that industrial capitalism would end up supreme, dominating the financial aspect and utilizing it to its own ends. Instead we have financial capitalism, which seeks to minimize and trivialize industrial capitalism (read technocracy, or something to that effect), which is nothing but a gigantic scam and fraud.
Should those interested, follow Prof. Michael Hudson, the most brilliant banking historian and financial economist in the Western Hemisphere. Prof. Taleb had it perfectly right in a past NPR interview when he stated that "..the banks have taken over and the only thing socialized is their debt." (BTW, that was the last interview I've ever heard on NPR with Prof. Taleb!)
Sgt. Doom's hobbies: network penetration & forensic economics