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View Diary: Line of credit. Line of lies. (87 comments)

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  •  And why is there not enough money for anything (5+ / 0-)

    worth while? Because Congress, which is tasked with managing the currency, has set up a laundering operation in which dollars issued by the Treasury first have to pass through the private banks so they can take a cut and then lend it back to the Treasury for an additional cut, which then gets added to the national debt and has to be paid off out of current tax receipts. A triple treat for the investors is a triple threat for the working stiffs.
    Investors "making" a profit involves the exaction of many pounds of flesh.

    Vicarious cannibalism is what we're looking at. It operates almost unnoticed because all the functions are delegated to people whose tools are figments of the imagination. Dollars can kill leaving less of a trace than a laser. It's almost like magic -- the magic of the market. People die before their time left and right and nobody really knows why. It's the miracle of deprivation.

    We organize governments to deliver services and prevent abuse.

    by hannah on Fri Apr 19, 2013 at 07:47:23 AM PDT

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    •  Very well put. (3+ / 0-)
      Recommended by:
      shaharazade, Laconic Lib, hannah

      With at least $32 trillion dollars sitting offshore -- instead of circulating in our domestic economy -- the outright failure of mature capitalism is becoming apparent to even the dimwits in Congress.

      The natural progress of unregulated capitalism inevitably leads to most of the money being held by a very few persons. It's accomplished through the magic of compound interest.

      In the end stages of capitalist economies, governments are easily purchased, regulators are co-opted and muzzled, laws are re-writable on demand to benefit corporations, and the wealthy operate completely above the laws of the land.

      Our fiat economy and hollowed out government now serve no purpose except to continue to separate anything of real value from working Americans and give it to the already wealthy. The rentiers who never work, and never will.

      Little old ladies on Social Security and a VA pension pay more in actual taxes than Wells Fargo and Citibank combined. That bears some thinking about.

      "The rule of the wise must be absolute . . . rulers ought not to be responsible to the unwise subjects." ~ Professor Leo Strauss

      by antifa on Fri Apr 19, 2013 at 09:23:44 AM PDT

      [ Parent ]

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