XML FeedsArchives for: April 2009
time to end the banking double-standard
By basd on Apr 25, 2009 398 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 penalt… more »
book: the best way to rob a bank is to own one
By basd on Apr 5, 2009 191 views | In predators vs. victims | Send feedback »
Well, just go here, it will save me from writing all that.
"The way that you do it is to make really bad loans, because they pay better," he [economist Black] told Moyers. "Then you grow extremely rapidly, in other words, you're a Ponzi-like scheme. A… more »
the general effect of money creation is to reallocate wealth ...
By basd on Apr 1, 2009 227 views | In Announcements, predators vs. victims | Send feedback »
Generally, money creation reallocates productive capacity (wealth) -- and normally to the benefit of those in control of the money supply.In saying this, I have to correct an error in my earlier analysis.
My contention is that a relatively large amoun… more »
fake capital destroys productive capacity
By basd on Apr 1, 2009 176 views | In predators vs. victims | Send feedback »
As we have noted, achieving a "return" on fake capital requires finding routes to achieving productivity at below the socially perceived value of money and then pocketing the difference.
Before the flood of money becomes too excessive, sometimes the b… more »
