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.
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Thursday, June 28, 2012
Pity the Poor Banksters
The innocent banks were unwittingly duped by these petty crooks.
As a consequence, they're stuck with a bridge in Arizona which the MUST sell to you, in order to "rescue" their essential bank.
Brother, can you spare a $10Billion? They just must unload that bridge, or the whole country will theoretically collapse.
Los Gatos developer, two others indicted on charges related to mortgage fraud
All together now! "THIS WILL NOT STAND!"
We must act quickly to save our White Collar Criminals from the depredations of smug, petty beginners ... trying to exceed their licenses & move into the big leagues.
Yessir. Go, I say, go get 'em boy!
Sheesh! Just how dumb do these people think the US electorate is?
It's not a question of how "dumb" they are but of how essentially helpless they are: as Mao Tse Tung said, "power comes from the barrel of a gun." I think the Toronto G-20 and various Occupy episodes shows that. Also, the channels of mass information are now tightly concentrated and controlled--millions take Fox TV as gospel. Finally, people are overworked and their jobs are precarious.
ReplyDeleteMoreover,let's not forget that a collectivity by definition is passive. This is something that Americans, with their "democratic" and egalitarian biases, have a hard time understanding and accepting. A collectivity always depends on leaders, whether for good or ill. So what is important is that those whom the people look to for guidance understand and accept what is crucially important and who can initiate action.
ReplyDeleteJim: "Moreover,let's not forget that a collectivity by definition is passive. This is something that Americans, with their "democratic" and egalitarian biases, have a hard time understanding and accepting. A collectivity always depends on leaders, whether for good or ill. So what is important is that those whom the people look to for guidance understand and accept what is crucially important and who can initiate action."
ReplyDeleteRight. The general principle is that the leaders of a group are a reflection of the level of collective consciousness of the group.
This is measured, for example, by Roger's GIAQ (group intelligence agility quotient).