Debt Rattle Sep 29 2014: A Rare Sane European

Fisher “I think we could suddenly get a patch of high growth, see some wage-price inflation, and that is when you start to worry.”

Let’s set aside the ‘price’ part of wage-price inflation because the phrase is intentional disinformation.Greenspan used to go before congress and tell them if wages began to rise he would slam on the brakes. The peoples representatives kissed his ring. This is democracy in action?

It goes without saying asset price increases were not considered inflation.

Now after 5 years of QE when probably half the homeless know that it is inflating assets nobody at the Fed will admit it while continuing with this “wage price” crap, and nobody in the Beltway has a clue. Some of them do wring their hands about inequality. You can’t make this stuff up.

Bill Black on Eric Holder – “And I couldn’t believe that he would leave without at least having one attempted prosecution against these folks.”

Not going after white collar criminals is why he was chosen in the first place. These are the very types of people he represented at Covington & Burling, a Washington, D.C. law firm, before he became Attorney-General.

They certainly weren’t going to risk asking an Elliot Spitzer-type person who would have gone after these guys. The bankers KNEW what they were doing in the lead-up to 2008 (fraud, conflicts of interest, insider trading, etc.) even before Obama got elected. They would have made sure they got who they wanted before they even backed Obama.

Same with Obama, chosen because he would do nothing. The people got to vote, but only after two candidates (Obama and Romney) were carefully chosen.

Bill Black is a good man, but IMO is far too surprised all the time, to the point of being naive. It’s as if he thinks Holder didn’t know what he was doing. Far from it.

@ Raleigh
“Of course they have a clue.”

Yep, agree.

Time to get off the merry-go-round. End nostalgia, it’s a lie, Maya.
Everything you’ve been taught is wrong. Everything you’ve been told is wrong. And finally, everything you believe is wrong.

Boogaloo, Re: yesterday’s post.

I hope you are right that the American people grow a backbone and prevent the Debt Money Monopoly from pillaging them wholesale.

My observation is you are betting on a serious change in America – because the majority of people I interact with are running around with a political IQ less than their shoe size and a monetary IQ less than half that.

These are the people that think Putin invaded the Ukraine and the (Debt Money Monopoly financed) Western nations support democracy.

The fact that the West overthrew the democratically elected government and installed a Debt Money Monopoly shill is completely and totally lost on these people.

Also keep in mind that the major incentive of TBTF&Jail multinationals is to wipe all their competition off the face of the planet. $100 homes would do that. I doubt they get that low, but not because Americans somehow wake up and address the real issue that has evaded them for 100+ years even when I explain it using applied 5th grade math. Rather, the Debt Money Monopoly Bankster corporate fronts will secure control over millions of homes through foreclosure. Yes, they will be dramatically underwater and fully bankrupt, BUT THEY CAN’T FAIL – ONLY THEIR COMPETITION CAN FAIL.

In addition, the trillions in debt proceeds (money) will be spent in order to buy up resources for pennies on the dollar.

I agree the level of stress between Debt Money Monopoly predator and their chump prey will increase with unexpected results.

However, I observe the Debt Money Monopoly financing a police state at an alarming pace… that doesn’t bode will for a peaceful future because the Debt Money Monopoly capitulated to a population of clueless people.

I hope I’m wrong, but I wouldn’t bet that way.

Jef Jelten from yesterday – “Ilargi – You continuously condemn all humanity as inherently bad when humanity is simply ACTING badly. Acting a certain way in certain circumstances is called behavior. Behavior is elicited by environmental conditions, i.e. the situation. In other words it is possible to elicit any kind of behavior that humanity is capable of simply by controlling the dominant situation surrounding humanity. This dominant situation is …No Money = You Die!”

Jef, you hit on the key word: ACTING. That’s what I see most people doing; they are not conscious. The ones who go to church may obey what the Bible/minister tells them they should be doing. Others may follow what their parents/government/mass media tell them they should be doing, or what their friends/co-workers are doing. We are acting, copying, following along without questioning, thinking for ourselves.

Because we have not been thinking for ourselves, we have let others dictate what we should pursue. And you are right, we have been led to believe that chasing money is the thing to do, and we have swallowed that hook, line and sinker. Of course we need enough money to live, but we don’t need to be chasing it to get more and more.

Humans are not bad. They are just not conscious of what they’re doing. They don’t realize they are merely acting.

Raleigh – I see it as much worse than that. The way you put it is too passive and says that people are “acting” badly without asking why.

First I believe that most people underestimate the connection between money and dying. As all or at least most psychologist and behavioralist understand fear of dying is THE number one concern on every living persons mind consciously or otherwise.

Second is I could make any one of you behave any way I want by controlling your environment. This is a fact.

We have allowed ourselves to be organized/structured under a super system that is guaranteed to bring out the worst behavior in our nature. We know this is is true but we have been programed to believe there is no option and in fact this is the best situation and if there is any bad behavior it is because we are just dumb, evil beings.

We could understand that we have the potential to behave badly and structure ourselves specifically to avoid eliciting those types of behavior.

Why is this discouraged, frowned upon and flat out not allowed?

“Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends. And whoever has sole control of the means must also determine which ends are to be served, which values are to be rated higher and which lower-in short, what men should believe and strive for.”

Friedrich Hayek