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.

The Financial Sector is a Parasite?

   (Commentary posted by Roger Erickson)



Ben Strubel, Investment Manager, Speaks.

Teaser headings:

The Role of the Financial Sector
The Grift in Your Retirement Plan
Institutions and the Rich Have the Same Problem
Speculation in Commodities Costs Main Street Billions
Corruption of Public Infrastructure
Interest Rate Manipulation
Foods Stamps and Welfare

If those topics don't get more citizens up in arms .... what will?

Ben's summary: 

"A bloated and out-of-control financial sector does not add any value to society. Society benefits when the financial sector is kept as small as possible."

No argument here.

What An Obscene Concept - The NAIRU Straight Jacket

(commentary posted by Roger Erickson)

NAIRU Straight Jacket

It was malformed from the start, by starting from the unacceptable position that NOMINAL is equatable to REAL.

Hint to Uncle Milt. Try starting from an axiom based on the unceasing demand for unpredictable adaptation, rather than mal-adaptation. NAIRU is what you get if a rentier takes a stab at redefining reality.

An offshoot of Creationism?

How did Economic Creationism become "mainstream?" When Luddite rentiers made a stab for uber-merchant supremacy over nominal vs real policy? And the tail-end "succeeded" in wagging the Middle Class dog? (And thereby began to kill the Middle Class.*)

Watch “OECD NAIRU stupidity” on YouTube.

Then consider reconsidering EVERYTHING about how you vote.

For our Adaptive Rate to stay the same (or preferably increase), everything must change? Why? In order to adapt to unfolding reality ... NOT just to arbitrarily nominal imagination, or merchant preferences (which obviously must float, in order to continuously chase unpredictable reality).


* Note, a tail wagging a dog is equivalent to a parasite wagging the host it lives within. The parasites only real choice is to let both live, or kill both. Everything in between is tilted one way or the other.

Parasites Living Inside Our Policy Space

Commentary by Roger Erickson

Chris Cook writes: "Here we go again. Triple A shit is still shit."

Old rentiers never die. They just reincarnate on Wall St.?

Yes. As repulsive parasites living inside our policy space, hijacking our democratic processes and degrading our policy agility.

#26? #Rentierus_Scumbagiosis