• isbw!
  • mta
  • Linkblog
  • Photoblog
  • CR

monitoring the abyss

not that we care ...
  • Home
  • About Blog B
  • Contact
  • Log in
  • March 2010
    Sun Mon Tue Wed Thu Fri Sat
     << <   > >>
      1 2 3 4 5 6
    7 8 9 10 11 12 13
    14 15 16 17 18 19 20
    21 22 23 24 25 26 27
    28 29 30 31      
  • monitoring the abyss

  • according to history, things will only get worse. thank you for visiting and have a pleasant tomorrow.
    • Recently
    • Archives
    • Categories
    • Latest comments
  • Search

  • Categories

    • All
    • Announcements
    • b2evolution Tips
    • current events
    • dept. of irony
    • operation planet-death
    • predators vs. victims
    • r u now
  • Blogroll

    • political commentary
      • progressive commentary
    • b2evolution
      • Support
      • Manual
      • Web hosting
  • XML Feeds

    • RSS 2.0: Posts, Comments
    • Atom: Posts, Comments
    What is RSS?

what to do in an economic death spiral ...

By basd on Jan 12, 2010 45 views | In predators vs. victims | Send feedback »

You think I know the answer?  Ha.  I don't even know why I write this stuff. 

Read more

monetary and governance alternatives

By basd on Jan 6, 2010 21 views | In predators vs. victims | Send feedback »

As the monetary and governance systems become more predatory, they provide less and less of any value to society.  We should then expect to see a rise in (a) monetary alternatives; and (b) participation in alternative social institutions that can provide the goods and services people need.

Read more

cash for elderly cats

By basd on Nov 24, 2009 55 views | In predators vs. victims | Send feedback »

In which we describe genetically based human character deficiencies, explain why the "stimulus package" is actually an anti-stimulus package (unless you are extremely wealthy and an investment banker), set forth the path by which the world economy can be saved and predict the future. (Can you tell I am running on four hours sleep and coffee?)

At the end of the article, please support our advertisers, who offer various assorted pitchforks, along with torches made from sticks, rags and pine-tar.

Read more

Pages: 1 · 2 · 3 · 4

corporate feudalism

By basd on Oct 8, 2009 74 views | In predators vs. victims | Send feedback »

Human beings have a somewhat astonishing capacity for long term self-delusion.

Most of "law" is devoted to determining who "legally" controls which assets. Most of the system is, of course, entirely absurd and designed to serve specific, rather greedy, interests. These "legal principles" are extrapolated from essentials we all mostly agree on -- it's wrong (and quite inconvenient) for others to take our personal possessions. But, the extrapolation turns the concept on its head and we end up not even owning our personal possessions because someone richer than us has a lien on them or some other claim of right to them.

Read more

time to end the banking double-standard

By basd on Apr 25, 2009 225 views | In predators vs. victims, current events | Send feedback »

In normal human relations, when someone we know has financial hardship, we attempt to accommodate them. We give discounts, reduce interest rates, grant more time to pay.

Bankers, on the other hand, raise interest rates and impose late fees and penalties. They rely on free market "rules of contract". They do it because, "that is what our contract says."

Fine. Live by the free market, die by the free market. Given the machinations of the banking industry, there should not be a major bank still standing.

Instead, the public has (repeatedly) bailed them out. Why would we do this? Why would we tolerate 30% interest rates from banks that are being given money for free? If the public is going to help out financially troubled enterprise, we should skip the middleman. If the interest rate is going to be 1%, then let's simply loan directly to the public instead of giving the banks a 29% cut.

From the latest news, it appears Paulson and Lewis conspired to violate SEC disclosure laws in having B of A take over Merrill. This did not hurt "the public" -- bankers eat their own. The stockholders of Bank of America, many of whom are large institutional investors, were seriously harmed by this illegal conspracy.

It's time to put an end to the double standard. Either let the banks fail pursuant to free market principles, or else admit there is no such thing as a "free market" and put regulations in place that are as beneficial to the public as they are to the rapacious banking industry.

1 2 3 4 5 6 7 8 >>
  • Contents

    • what to do in an economic death spiral ...
    • monetary and governance alternatives
    • cash for elderly cats
    • corporate feudalism
    • time to end the banking double-standard
    • book: the best way to rob a bank is to own one
    • the general effect of money creation is to reallocate wealth ...
    • fake capital destroys productive capacity
    • monetary policy won't fix things
    • when do the pitchforks and torches come out?
    • what does it take to restore liquidity?
    • trickle-down socialism
    • in case there is anyone who still doesn't get it ...
    • i'm not just making stuff up ...
    • why banks have to fail
    • If a tree falls in a forest ...
    • another take on why Ben's helicopter solution won't work
    • monetary symbology that [sometimes] works
    • society of irrational madmen
    • "This way lies a catastrophe"
  • Recent comments

    • Sidebar 2

      This is the "Sidebar 2" container. You can place any widget you like in here. In the evo toolbar at the top of this page, select "Customize", then "Blog Widgets".
    blog software

    ©2010 by basd | Contact | skin by Lori Piper | Credits: Web Design | blogtool | SSH hosting | team