An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Remember that the liar loans were only a $300 to $450 billion dollar fiasco
That means Resolution Trust Corporation part II should have taken care of that with standard bi-partisan elastic currency theory which is now via Norman, Mosler and Hickey a subcorrallary to MMT.
Instead however we have derivative formula models in financial engineering where lawyers, quants of math and physics, finance majors, and so on all googoo gaga over the complexity -
I guarantee if you ellminate the derivatives then you ellminate the amplification of the foresclosures where old fashion banks ( as described by Krugman ) hold on to the debt rather than shipping it around the world in UPS parcels.
OCCUPY MUST BE READY FOR THIS SO AS TO USE SOCIAL MEDIA TO GATHER THESE PEOPLE TOGETHER EN MASSE FOR THE OCCUPY PART II PHASE
IF WE CONSOLIDATE THESE FOLKS' ANGST TOGETHER, THEN A SINGLE FIGURE SHOULD ARISE AND LEAD THE CHARGE AGAINST BERNANKE AND THE FORECLOSURES.
THIS IS A GREAT OPPORTUNITY FOR OCCUPY AND MMT.
THEY WILL TRY TO COVER IT UP WITH SMOKE MIRRORS AND PIXIE DUST SUCH AS "GREAT ECONOMY" "GREEN SHOOTS" AND ALL THAT BLARNEY USING BACK DOOR MMT
WHILE LEADING PEOPLE INTO THE STREETS TO FEND FOR THEMSELVES.
IF MMT IS THE THING IT THINKS IT IS, THEN IT WILL BE THERE READY TO TAKE CARE OF THESE PEOPLE AND TO LEAD THE REVOLUTION !
2 comments:
Remember that the liar loans were only a $300 to $450 billion dollar fiasco
That means Resolution Trust Corporation part II should have taken care of that with standard bi-partisan elastic currency theory which is now via Norman, Mosler and Hickey a subcorrallary to MMT.
Instead however we have derivative formula models in financial engineering where lawyers, quants of math and physics, finance majors, and so on all googoo gaga over the complexity -
I guarantee if you ellminate the derivatives then you ellminate the amplification of the foresclosures where old fashion banks ( as described by Krugman ) hold on to the debt rather than shipping it around the world in UPS parcels.
OCCUPY MUST BE READY FOR THIS SO AS TO USE SOCIAL MEDIA TO GATHER THESE PEOPLE TOGETHER EN MASSE FOR THE OCCUPY PART II PHASE
IF WE CONSOLIDATE THESE FOLKS' ANGST TOGETHER, THEN A SINGLE FIGURE SHOULD ARISE AND LEAD THE CHARGE AGAINST BERNANKE AND THE FORECLOSURES.
THIS IS A GREAT OPPORTUNITY FOR OCCUPY AND MMT.
THEY WILL TRY TO COVER IT UP WITH SMOKE MIRRORS AND PIXIE DUST SUCH AS "GREAT ECONOMY" "GREEN SHOOTS" AND ALL THAT BLARNEY USING BACK DOOR MMT
WHILE LEADING PEOPLE INTO THE STREETS TO FEND FOR THEMSELVES.
IF MMT IS THE THING IT THINKS IT IS, THEN IT WILL BE THERE READY TO TAKE CARE OF THESE PEOPLE AND TO LEAD THE REVOLUTION !
when are the mass foreclosures going to happen ?
occupy should be right there taking names and providing shelters and job guarantees.
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