"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
It's Official - If It's Official, Then It's Probably BS
Submitted by A. Magnus on Wed, 2013-12-18 01:00
"In my analysis, the Status Quo of “private profits, public losses” and the incentivization of gargantuan household debt amounts to a modern financialized version of feudalism, in which the middle class now toils as debt-serfs. Their debt cannot be repudiated (see student loans), their stagnating disposable income is largely devoted to debt service, and their assets have evaporated as the phantom wealth created by serial credit bubbles vanishes as soon as the asset/credit bubble du jour bursts."
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
No real surprise.5 weeks 6 days ago
-
https://gx2527leftinvietnam.com/7 weeks 43 min ago
-
https://www.infowars.com/posts/alert-col-macgregor-warns-dem...10 weeks 4 days ago
-
And of course, both of the author/commentators are Jews. No...11 weeks 4 hours ago
-
Surprised to see Switzerland at only 32/100. Would've be...12 weeks 3 days ago
-
https://www.infowars.com/posts/johns-hopkins-says-gun-contro...17 weeks 2 hours ago
-
An early Christmas present, it seems -- here, some 17 years...21 weeks 1 day ago
-
Never Forget Building 7: https://www.infowars.com/pos...35 weeks 6 days ago
-
Straight out of the communist playbook, as per Saul Alinsky...1 year 2 weeks ago
-
It's certainly a step in the right direction.1 year 10 weeks ago
more