Wednesday, April 22, 2015

Another Buck Bites the Dust

The crash has already come.  The only question is when the system seizes up, and the powers-that-be say "no one saw this coming, give us more power, bail out the Systemically Important Financial Institutions."

How much more evidence do you need it is over?
Euros are so abundant thanks to Mario Draghi’s easy monetary policy that banks are starting to pay each other to get the cash off their balance sheets.
For the first time, an index of three-month interbank loans in euros fell below zero on Tuesday. Elsewhere, the Spanish government raised funding for the same period of time and got paid to take the money.
How safe are your investments now that you have to pay people to take them?  Now we need to reconstruct a financial system based on prosperity, peace and justice, say, free markets, now that the violence, theft and injustice of the last forty years comes to an end.

The theme song for capitalism:




Feel free to forward this by email to three of your friends.


0 comments: