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An Antidote to Corporate Media
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Jeremy
2011 Mar 21, 6:45am
A flaw of capitalist society, it leads to monopolies that have too much leverage to be broken.
You mean Corporatist Society Chris, because capitalism involves the potential for failure and bankruptcy. Corporatism, as we've seen plenty of over the last 2 years, does not.
RayAmerica
2011 Mar 21, 9:47am
They didn’t work then. That’s why the world abandoned them as currency or currency backing.
The world "abandoned" precious metals not because it didn't work, but so that the Central Banksters of the world could make $Trillions off of the unsuspecting people of the world. Also, the politicians love it because they can provide programs without having to raise taxes too much ... just make up the difference with the friendly Central Banksters that are willing and able to provide them all the money they need for a very hefty profit to them. The people continue to vote in the politicians that provide them with their entitlements and everyone is happy. That is, until the music stops and the band demands payment. Just about where the world is right now.
American in Japan
2011 Apr 7, 9:31pm
Lessons learned from QE2:
http://finance.yahoo.com/news/Market-Lessons-From-the-First-cnbc-3871798532.html
FortWayne
2011 Apr 8, 1:14am
You mean Corporatist Society Chris, because capitalism involves the potential for failure and bankruptcy. Corporatism, as we’ve seen plenty of over the last 2 years, does not.
A modern age Feudalism in a way.
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Some of you on Patrick.net have a better grasp of economic things than I do. It starts with the Fed printing up money and buying treasury bonds and notes from the US govt. With QE2, the money seems to be ending up in commodities and the stock market (or is it?). Step by step where is the money going and finally ending up? ...