Here is an occasion of “yes…but!” that I thought was worth sharing. First: The man is correct in many of his estimations, except the contention that the economy and people within it are in complete control of their unemployment and financial circumstances. The artificial restructuring of our economy toward banking and the financial industry have…Details
This is how the Federal Reserve Cult works, right?
The kazoo was too much. LOL.
Sheldon Richman gives a glimpse of why Wall Street could not have done it alone (yes, merely a glimpse): Wall Street couldn’t have done it alone. It takes a government and/or its central bank, the Federal Reserve System, to: Create barriers to entry for the purpose of sheltering existing banks from competition and radical innovation,…Details
Don’t just skim past this one. This video is an excellent deconstruction of the way that banks have worked historically and the way risk allocation has changed. In other words, it is an explanation of how we got here, with socialized losses and private debts. Take the 10 minutes to understand it; you won’t be…Details
The government propping up banks, insuring deposits via the FDIC, insuring huge trades via the Federal Reserve, and passing legislation written by the banks ensures that things like this can happen. It isn’t natural to take these risks, nor could it have happened without the complicity of the law: It is a common contention that…Details
but close. A message to the OWS protesters:Two little errors:A. You work more like 5 months of every year to pay all taxes, I believe the video is speaking of federal taxes.B. The Media butchered the Vatican issue. It wasn’t the Vatican that called for a world bank, it was a rogue leftist group of…Details