Legal Money Laundering

The feds have a problem.  An empire takes lots of money to pay off people overseas here and there, more than can be just shipped around, although there is plenty of that.  Mish Shedlock writes about Build America Bonds and explains it is a bad deal for taxpayers, wherein the feds make good on bonds written by cities.  For Mish it is a sidenote that the taxpayer money goes to overseas investors.  For me it is central:  it is another way the powers that be can pay off their buddies overseas, the source of their power.  It is a huge money laundering system.

As a side note, why is every government program exactly the opposite of its title?  The Patriot Act should be called "Al Qaeda Surrender Act." The Transportation Security Act should be called The Molest Travellers Act.    These bonds should be called Destroy America Bonds.  The indecency is relentless.  Self-employment is self-defense.

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