Well, Now We Know What It Was All About, Anyway

They're finally figuring it out. The Greek "bailout" deal, the terms of which seem ever-changing, includes "austerity" for the masses, but also includes this gem: From the New York Times, regarding Greece: Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last June, [...]

By |2012-02-23T16:21:09-05:00February 22nd, 2012|Economy|0 Comments

Asset-Stripping: Already Underway, Using Your Money

In the first "Asset-Stripping" post I explained how fractional reserve banking worked by using "leverage." I outlined how this money could be lent by banks to investors and used to buy public assets like public roads. The investors would then charge tolls on them, the tolls payable to the "private" investors who now own the [...]

By |2011-06-20T11:30:55-04:00June 20th, 2011|Economy|0 Comments

Asset-Stripping: A Term To Remember

The principle purpose of banking is asset-stripping. What is asset-stripping? The best way to understand it is this: financial terrorism. It's really very simple, very insidious, very effective, and it wears a suit. First, it's important to understand the main operational aspect of banking: counterfeiting. Ooops, did I say counterfeiting? I mean "Fractional Reserve Banking." [...]

By |2011-06-14T14:56:15-04:00June 14th, 2011|Economy|3 Comments

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