Stacy Summary: We look at the moral crisis of our time as they compare the treatment of a man on welfare benefits imprisoned for six weeks for stealing £12.60 worth of Salisbury steaks versus the High Frequency Trading outfit fined $1 million without any admission of guilt for stealing an unknown amount of money from other NASDAQ investors. This unequal system of justice has led to zombie capitalism which has gone off the rails and inspired ‘suicide bankers.’ In the second half Max interviews Dr. Bob Gill and Peter Bach, director of Sell Off, the story of the stealth privatization of the National Health Service in the United Kingdom.
Stacy comment: Read this review from the MSM in UK. Where they take the episode above and completely leave out the fact that we juxtapose the drug addict getting jail time for stealing £12.60 worth of steaks to the HFT firm which gets to pay a fine without admitting guilt for stealing an amount we are never told. Even RT named the show Unequal Justice. And yet, the Independent leaves out what we were comparing the two stories and calls it anti-capitalist. So, in their mind, banksterism = capitalism.
Earlier this week, I published a post titled: Video of the Day – Watch as 8 Police Officers Fire 46 Shots and Kill a Homeless Man in Broad Daylight. In that article, I warned:
As long as the worst amongst us continue to get away with their criminality, the more of it we will see. In fact, the more brutal and cartoonish it will get.
Unfortunately, it didn’t take very long. Meet Stephen J. Maiorino, the Florida cop who raped a 20-year old woman at gunpoint while on duty. By the way, he was previously named “Officer of the Month” by the department in 2010, and has appeared in the TV show “Cops.” You can’t make this stuff up.
Read more here.
We’re being hit with a double-whammy: Wages are under deflationary pressure, and almost everything else is exposed to inflationary pressure.
As correspondent Mark G. observed in Globalization = Permanent Instability, it’s impossible to understand inflation and deflation now except in a global context.
Read more ›
Complete 2014 Halloween Set: Here
When Julius Caesar crossed the Rubicon he didn’t have the world’s largest advertising agency backing him up. With London’s WPP Group’s Burson-Marstellar taking over the lobbying reins for DATA (Digital Asset Transfer Authority) and the Windhover Transition transfer of power from the Bitcoin Foundation complete, the cryptocurrency’s integration into your bank account is all but guaranteed. Standby for Bitcoin to enter the mainstream of global consciousness like an Open Mustard Seed that suddenly sprouts into a full grown tree.
Concerns regarding privacy or sovereignty should be viewed through “proportionality” (as in “size matters”) and unless you’re “Systemically Important” you’re not.
The “Great Recession Scorecard” is out. Two headlines. Two very different realities:
“A report by Unicef says the number of children entering poverty during the recession is 2.6 million greater than the number who have been lifted out of it.”
“The super-rich club has become less exclusive, with the amount of billionaires doubling since the financial crisis, according to a report from global charity Oxfam. There were 1,645 billionaires globally as of March 2014, according to Forbes data cited in the Oxfam report, up from 793 in March 2009.”
Read more here.
Originally appeared at Bitcoinomics.Net
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Two government agencies came out with new rulings and requests for the Bitcoin community, and many in the Bitcoin community see this as a possible end for Bitcoin-related businesses in the US.
Ultimately, while the actions have implications for Bitcoin businesses, bitcoin use among individuals will largely remain unchanged, and the actions will push the community towards further decentralization and less dependence on few players in the space.
The US Securities Exchange Commission sent out letters to upwards of hundreds of bitcoin-related companies asking them to hand over documentation regarding their crowdsales of what the SEC views as unregistered securities offerings. Read more ›
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“Punishment Interest” it’s lovingly called in Germany, as the ECB intends to flog savers until their mood improves.
Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi.
Read…. The Wrath of Draghi: German Savers Hit with Negative Interest Rates