Archives for: February 2009
By basd on Feb 27, 2009 453 views | In predators vs. victims | Send feedback »
If we look again at how money works, we see why banks have to fail in order to fix the world economic system.If you take a look at my examples of how money works, we see that the impact of "fake money" only occurs at the time it is injected into the syst…
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By basd on Feb 27, 2009 125 views | In dept. of irony | Send feedback »
Not long ago, I commented that my blog was receiving about 1/2 its hits from MSN Search Live, or Live Search, or whatever they choose to call it.
Out of curiosity, I ran some searches there myself. This was due to the fact that some of the searches d…
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By basd on Feb 7, 2009 120 views | In predators vs. victims | Send feedback »
Important post from Steve Keen via Naked Capitalism.
And this, David Sirota, also via Naked Capitalism.
Paul Krugman, via Undernews, on the defective hatcheting of the stimulus bill.
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By basd on Feb 5, 2009 153 views | In predators vs. victims | Send feedback »
Continuing our analysis of money as a symbol, a mental construct -- let's look again at a link in my post yesterday.There we find a discussion of the steps taken in Germany prior to WWII to pull it out of its massive economic meltdown.The reason this…
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By basd on Feb 4, 2009 159 views | In predators vs. victims, current events | Send feedback »
Ultimately, I guess we have to face the fact that we live in a global society of irrational madmen. Well, I should be more inclusive and mention the madwomen, as well.
I don't suppose there are any exceptions -- though our conceit is otherwise, human…
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By basd on Feb 4, 2009 84 views | In predators vs. victims | Send feedback »
You can read it in the Financial Times.
Nothing like a ray of sunshine to start the day.
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By basd on Feb 3, 2009 88 views | In predators vs. victims | Send feedback »
It would be nice if we collectively discover the tools of financial survival for the non-wealthy in a really big hurry.
In the meantime, more posts that tell us precisely why we should be thinking about this:
Naked Capitalism writes about the "bad…
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By basd on Feb 3, 2009 138 views | In predators vs. victims | Send feedback »
In an egalitarian society, most members will have roughly the same share of the society's production.There will of course, be discrepancies. Some will work more hours. Some will be more effective with the hours they work. Some will be more frugal with…
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By basd on Feb 3, 2009 81 views | In predators vs. victims | Send feedback »
I've talked about unwritten social rules, and that debt-based money has a specific, if somewhat amorphous, value.The borrower has promised to "repay" the obligation, both in interest and principal. The amount of money borrowed is designed to meet a spec…
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By basd on Feb 2, 2009 147 views | In predators vs. victims | Send feedback »
I post or so back, I wrote about the Templars and about Open Source movements. One may ask whether there are other modern corollaries.
I have a friend who lived for a time in an Israeli kibbutz, which is a collective community. And, of course, one mi…
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By basd on Feb 2, 2009 78 views | In predators vs. victims | Send feedback »
The depressing thing is the complete lack of awareness expressed in writings by leading economists -- even those appropriately criticizing the bailout.They fail to understand the defects in the symbolic (monetary) system and insist on talking as though i…
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By basd on Feb 1, 2009 82 views | In predators vs. victims | Send feedback »
My steam of consciousness discussion of wealth apparently continues unabated. I'm trying to connect certain dots that have been interesting me for a long time.There is something intrinsically flawed in the ordinary monetary system, which in a way is tie…
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By basd on Feb 1, 2009 132 views | In predators vs. victims | Send feedback »
In our last installments, I discussed the vast creation of "fake wealth" that must be dealt with in order to end the economic cataclysm. The Soros article puts this in perspective by showing that the amount of fake wealth (though he doesn't refer to it…
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