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View Diary: Bernie Sanders Calls Federal Reserve "Socialism for the Rich" After $16 Trillion Secret Bail-Outs (8 comments)

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  •  More proof that "it's only money," (5+ / 0-)

    a worthless figment of the imagination best compared to script -- words made of letters to represent ideas.  How many words does Congress use each session?  Shall we count them and decide they've used too many?
    Remember the king telling Mozart he'd used too many notes?  Shall we tell Obama he's used too many words? Willard? Bernie Sanders?

    Why do we think dollars have value?  Because they used to be made out of gold?  We put an end to that in the last century.
    Money is worthless, unless it is spent.  Of course, that's a big problem for banks. What will they do with their edifices and vaults and lock boxes when money is reduced to electronic bits and bites? What will they put in the safe, when there's nothing to keep safe?

    Engineering that financial catastrophe was a big mistake.  It revealed that they'd been playing with smoke and mirrors. "Three times the whole annual budget of the United States was lost"?  Give us a break!
    They should have stuck with little recessions to give everyone a little scare and let them increase what they charge for letting people use their own money. Nothing is too big to fail, but some things are too big to believe. For that matter, everything that gets too big fails.  Look at the dinosaurs.

    Willard's forte = "catch 'n' cage"

    by hannah on Fri Jul 27, 2012 at 06:33:32 AM PDT

    •  Agree with almost everything here except I think (0+ / 0-)

      there will always be a role for barter currency, not quite reduced to bits and bytes.  I know many people who still do not trust direct deposit.  What happens when a power grid goes down and the ATMs aren't working and the card swipe machines in the stores either?  

      It is interesting to study best stores of value.  In Afghanistan, even if you are not in the business, the thing to have that will always feed your family is opium bricks.  Keep nearly forever in a cool basement, always a market, slice off a piece and that's money for many months for food.  No banks in the sticks so it's the Afghan savings account.

      •  Not unlike the tobacco used for currency (1+ / 0-)
        Recommended by:
        Ralph Lopez

        in the colonies. Sea shells are harder to cut and easier to count.

        The effort to control what people inhale, inject, ingest or excrete from their own bodies is part and parcel to the focus on population rather than environmental control.  I suspect it's the "natural" thing for people whose awareness of their situation and environment is minimal, if not non-existent.
        I'm reminded of my mother who "hated" weeds, leaves, pine needles and any growing thing that she hadn't planted.  I've seen houses in the middle of a southern "forest" where every blade of grass and growing thing had been stripped from the ground and the dirt swept clean to demarcate the property.  One explanation for this behavior was it was culturally evolved from the African savanah where it is necessary to remove vegetation in which snakes might hide. I doubt that's the case.  More likely, there are some people everywhere who do not like things growing "wild" because they do not know what they are and call attention to themselves, if only be pricking people who aren't looking where they are going.  It isn't just people the clueless ignore and don't understand.

        Willard's forte = "catch 'n' cage"

        by hannah on Fri Jul 27, 2012 at 01:38:29 PM PDT

        [ Parent ]

        •  i can see the point of not letting things get too (0+ / 0-)

          feral but at some point it becomes anal.  Snakes keep mice down I never touch snakes (there aren't any rattlers in these parts.)  

          •  We have water snakes in our ponds. (0+ / 0-)

            They have "learned" that when we feed the fish, it's a good time for them to get lunch. Some of the frogs have "learned" that too.  The fish do not learn to scatter when the snake or the frog is in the area.

            http://www.youtube.com/...

            Willard's forte = "catch 'n' cage"

            by hannah on Fri Jul 27, 2012 at 03:38:15 PM PDT

            [ Parent ]

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