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View Diary: Austerity isn't dead... but it should be (132 comments)

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  •  respectfully dissent (5+ / 0-)

    Financialized leverage by the global banking cartels.

    Their track record of controlling nominally civilian governments extends back in history to at least the Medici family, if not earlier.

    My tinfoil hat looks rather jaunty and fashion-forward, eh?

    The "extreme wing" of the Democratic Party is the wing that is hell-bent on protecting the banks and credit card companies. ~ Kos

    by ozsea1 on Sun Apr 28, 2013 at 10:17:24 AM PDT

    [ Parent ]

    •  True. But it is a new day. (2+ / 0-)
      Recommended by:
      ozsea1, RiveroftheWest

      Once upon a time reading and writing were reserved to certain segments of the population and prohibited to others. Dollars are nothing but certified IOUs, issued by our agents of government, instead of the Dutch bankers who managed to accumulate all the gold Spain stole from the Americas, hide it away in their vaults and then issue certificates of deposit or notes, instead of the gold, to finance the industrial revolution in Britain and, very likely, some of the slave trade.
      IOUs are certificates of obligation, not unlike marriage certificates which, as we are all aware, are also being denied to some individuals, while others can get them whenever they fill out the proper paper work.  Why ordinary folk have to either work first before they can get money for food, which they can't access on their own because property rights have rendered most productive land exclusive, while bankers can just requisition currency from the Federal Reserve and then lend it back to the Treasury for a bonus is a puzzlement. I can only assume TRADITION accounts for it. And tradition can be changed.
      The euro zone is a good example. Some seventeen nations just went from their own currencies to a common one and are seeing what a mess that can make when bankers start deciding what public corporations can spend.

      We organize governments to deliver services and prevent abuse.

      by hannah on Sun Apr 28, 2013 at 01:28:48 PM PDT

      [ Parent ]

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