Slog Comments

 

Comments (7) RSS

Oldest First Unregistered On Registered On Add a comment
Free Lunch 1
The Amgen/dialysis link is broken.
Posted by Free Lunch on January 20, 2013 at 9:42 AM · Report this
Supreme Ruler Of The Universe 2
On the news last night they were reporting the air quality around here..Puget Sound..was so bad people were going to the hospital with respiratory problems (in addition to the flu sufferers).
Posted by Supreme Ruler Of The Universe http://www.you-read-it-here-first.com on January 20, 2013 at 9:54 AM · Report this
3
Batman is very anti-gun.
Posted by crasher on January 20, 2013 at 10:59 AM · Report this
Posted by erasedk on January 20, 2013 at 11:51 AM · Report this
5
The Greatest Entitlement Program of All Time ! ! !

In the colossal reframing of the modern vernacular, referring to absolute corruption as "regulatory capture" and everything factual as "conspiracy theory" and robber barons as "philanthropists" and financially-supported programs as "entitlement programs" (Social Security, etc.), it behooves each and everyone of us to comprehend what the ultimate entitlement program, the ultimate handout, the ultimate welfare program is: the entitlement to create the money --- which they, the bankers, then charge the rest of us to use --- that monopoly of monopolies.

When the bankers make a loan, any type of loan, to other bankers or businesses, etc., they have created money, and to pay them back for their sole entitlement to create that money, they charge us interest (once fixed at "reasonable rates" for such a scam, but that changed due to Jimmy Carter and Ronald Reagan overturning the Federal anti-usury laws and regulations.

Since the amount of money is limited to what the bankers have created, we are reduced to mice scurrying about in a maze, seeking that mysterious money for their interest payments (they have created the loan; but the interest money doesn't exist --- you must compete for that in the incredibly shrinking pie).

That other reframed phrase, "shadow banking," repeated frequently since 2007 and the obvious beginning of the economic meltdown, is simply a further extension of their entitlement to create money; they created endless layers of debt, which they profited outrageously from, and used those layers upon layers of debt to wreak havoc on the rest of us (globally speaking, in most if not all countries), furthering their wealth and control.

They speculated a massive number of companies --- and jobs --- out of existence.

The top banks gave structured leveraged loans (layers of debt) to private equity firms (effectively just financial extension of the banks) to do leveraged buyouts --- creating even more debt against the companies they purchased, rewarding themselves financially with further loans against the targeted companies, destroying more companies, and more jobs --- called rape and pillage in another age!

The banks did the same with regard to hedge funds (and the largest hedge funds are typically owned by the largest banks), encouraging the hedge funds to speculate companies out of existence, while speculating upwards the prices of oil, energy, commodities and healthcare.***

When one has the ultimate entitlement program, one enjoys the ultimate in control and power!

***The hedge funds then used a most miniscule portion of their profits from that speculating, to finance legislation in the US Congress to give preference in loans to small businesses, through the SBA and other government entities, to those small businesses already invested in by hedge funds and/or private equity funds, i.e., they are working to destroy small and independent businesses in America and elsewhere.

Honesty Update:

When President Obama falsely claims the banks didn't break any laws, and faux newsies like David Brooks, Thomas Friedman, Malcolm Gladwell, Sorkin et al., make similarly false claims, then why is the SEC always fining the banksters! (True, they are the smallest, most insignificant fines possible, but it bears reflection.)

http://www.sec.gov/litigation/litrelease…

http://www.sec.gov/litigation/litrelease…

http://www.sec.gov/litigation/litrelease…

http://www.sec.gov/litigation/litrelease…

http://www.sec.gov/litigation/litrelease…

http://www.sec.gov/litigation/litrelease…

http://www.sec.gov/litigation/litrelease…

http://www.sec.gov/litigation/litrelease…

http://www.sec.gov/litigation/litrelease…

http://www.sec.gov/litigation/litrelease…
More...
Posted by sgt_doom on January 20, 2013 at 12:46 PM · Report this
bugwitch 7
Plate tectonics is just a theory.
Posted by bugwitch on January 20, 2013 at 6:45 PM · Report this

Add a comment