Bankster Looters Leveraging "Stoned Fiat" [currency] Confidence Trick

(Commentary posted by Roger Erickson)

Have you heard the story of "Stone Soup" ? Banksters are misusing that theme today, as "Stoned Fiat" [currency].

"In varying traditions, the stone has been replaced with other common inedible objects, and therefore the fable is also known as button soup, wood soup, nail soup, and axe soup."

And now known as NeoLiberal MacroEconomics (though alternately called Control Fraud, or Wreckonomics).

They waltz into town, contribute nothing, and encourage everyone to contribute real assets.

Unfortunately, instead of provisioning the participants with optimal distribution of all the aggregate return-on-coordination they admittedly helped trigger ... they turn Control Fraud and skip town with the "claimed" ownership of real assets - now conveniently called "income" ... and then hide behind their claim of "doing god's work."

A parasitic schtick, if you're sociopathic enough to pull it off without remorse. At least until the looted host dies.