Friday, May 10, 2013

We're Back to Banksters Calling Thieves Crooked

Commentary by Roger Erickson

"A worldwide gang of criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said Thursday — and outmoded U.S. card technology may be partly to blame."

SO FREAKING WHAT?! Boo hoo!

TBTF banks stole $29TRILLION, PLUS our Output Gap!!
http://www.economonitor.com/lrwray/2011/12/14/the-29-trillion-bail-out-a-resolution-and-conclusion/

Worse, they can't wield or use either! It's just mindless hoarding of OUR fiat. $45million isn't even what banksters gave themselves as bonuses for getting away with their useless theft.

I'd take Robin Hood over the Fed & TBTF'ers any day. At least that $45 mil likely got spent into the economy.

Look, you don't just take the most stupid, criminogenic, sociopathic people in society ... and make 'em bankers. Or politicians either.

Finally, economists who didn't notice that we went off the gold std in 1933 - 80 YEARS AGO! - are whining about OTHER processes being obsolete?

How often can you sue the bastards for making your jaw drop?

(Is expectations theory simply a problem of perception?)


4 comments:

googleheim said...

What is up with the dollarization some are calling for Argentina with respect to MMT ?

googleheim said...

what is up with Mosler Economics.com not taking responses or comments??

Tom Hickey said...

what is up with Mosler Economics.com not taking responses or comments??

The posts are cross-posted at Soft Currency Economics, where comments are enabled.

Tom Hickey said...

What is up with the dollarization some are calling for Argentina with respect to MMT ?

Return to a failed experiment?