Financialization: How the fraud began

14 comments on “Financialization: How the fraud began
  1. SophBee says:

    “… [the banksters will] corner all the commodities – now that the bubble has burst – for the next wave” *shiver*

    My only hope is that there will be a big wave of intelligent, empathetic, pratical people to corner the banksters, multinational corporations, tax avoiders and other corrupt individuals before they do any more mayhem and destruction to the world.

  2. SophBee says:

    @craig
    Brilliant – the wave of people can hopefully corner the vermin whilst singing the song!

  3. craig says:

    the more that know the words the louder we can sing

  4. Vonda Bra says:

    Guns Protect Honest People-Catherine Austin Fitts !!!

    video here:
    http://usawatchdog.com/guns-protect-honest-people-catherine-austin-fitts/ (20:56)

  5. jane says:

    But commodities are already expensive. I’ll just go hungry like everyone else. That will teach them.

  6. Vonda Bra says:

    sorry, I forgot …
    CAF is also talking gold, war etc…..

  7. Sharky says:

    US mint silver eagle sales already over 5 million for January !

    I know the shut down production in December but even so it is surely going to be a record breaking month!

  8. bbrebozo says:

    Nice Job James, nice job. On the British Bastards Channel. Ah yeah, it’s very good! Well done James Corbett, Well done!
    http://www.corbettreport.com/episode-253-the-bbc-exposed/

  9. bbrebozo says:

    Musica!!
    Ah, I think the women of Brazil have inspired this music, beautiful!
    http://www.youtube.com/watch?v=NAearG9-ioM

  10. Alden says:

    Excuse me Max but according to the late Joan Veon it was not Reagan a who started the financialization ball rolling it was Jimmy Carter and Paul Volcker ….”””””in 1980, President Carter passed the Monetary De-Regulation Act which de-regulated the amount of interest banks charged and paid. Instead of charging and paying a required amount of interest, banks can now pay and charge “market rates.” Today, people are being paid 2% on their savings while they are being charged up to 21% to 25% for borrowing! Then under President Reagan, the tax laws were changed so that you and I can’t deduct interest paid from the amount of taxes owed. In response, the banking system came up with the idea of having people spend the “equity” in their home through “home equity lines of credit.” Interestingly enough, these loans are tax-deductible. I don’t know what these people are going to do when the government eliminates any kind of interest on home loans and lines of credit. http://www.womensgroup.org/THE-FEDERAL-RESERVE-AND-AMERICAS-CONTINUING-PROBLEM-WITH-INFLATION.htmthe black

  11. Alden says:

    Then there is this ….. Monetary Deregulation Act had far more to do with current problems than you mention . .considering you didn’t mention it. Granted deregulation picked up speed under Reagan but it BEGAN under Carter .. one of the WORST things that happened to the MIDDLE CLASS was the deregulation act.. and most of the other deregulation .. then mergers and acquisitions and one form of casino system after another put in place. Add ‘free trade’ that is anything but free trade .. ever erad one of those TOMES .. they pick winners and losers and in recent years the ONLY winners are financial institutions, big AGRA .. security industry, insurance, and a few farmers. Progressives bug me when they do the selective memory thing .. makes them seem as stiff necked and silly was those on the right who blame progressives for everything.

  12. Bill Stewart says:

    RECEPTION REPORT

    The Comcast cable system in Seattle is not displaying RT in its proper aspect ratio, and on top of that the Audio levels are too low. I believe US cable systems running RT are using the conversion of HD to deliver a poorer signal for political reasons.

    The Russian Foreign Office really needs to remind cable systems that this amounts to borderline “jamming” and the Russian could pursue actual jamming if it becomes necessary.

    RECEPTION REPORT

  13. Hugh says:

    Can you explain what you mean by bond collapse? If I buy a govt bond for $1000, won’t it keep its value of $1000?

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