Speculators at megabanks or investment firms such as Goldman Sachs are not, in a strict sense, capitalists. They do not make money from the means of production. Rather, they ignore or rewrite the law—ostensibly put in place to protect the vulnerable from the powerful—to steal from everyone, including their shareholders. They are parasites. They feed …
The First Casualty Of The War Of The Lie Of Your Mind On Steroids Times 65 Gazillion But Don’t Worry Your House Of Cards Is Still Standing
What is the first casualty of war, dear worst-reader? That's right. The truth. Ever wonder how all those bankers, especially the pions that do all the work for banks and Wall Street, how they think about the lies they are telling? Obviously they justify what they do with the knowledge that they are, indeed, at war. Ever see …
Neofeudalism Defined For The Little Man? I Mean The Little Mind?
"Much as warlords seized land in the Norman Conquest and levied rent on subject populations (starting with the Domesday Book, the great land census of England and Wales ordered by William the Conqueror), so today's financialized mode of warfare uses debt leverage and foreclosure to prey away land, natural resources and economic infrastructure. The commons …
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News ECB German Real Estate Bubble
Reason I googled it? Overheard my better-half's morning news show while she was preparing for her day. She props her iPad on a shelf under the mirror in the hotel bathroom. She streams the news from Germany. Even though we've been away from Das Vaterland for just over a week, the saying holds tried & true: you …
The Lie Of Things Flawed
Here's the thing, dear worst-reader. Does Morgan Stanley actually have $3.2 billion to pay a fine? I mean, does it have that much cash? And if it does, would it use that cash for something as silly as paying a fine? Or would it use it to pay an exec another bonus? Which brings me …
Repeating History Because You Like How It Tickles
https://youtu.be/1CLhqjOzoyE Time to celebrate. Break out the bubbly, the cheese & crackers, turn on the game, crack open that can of rice beer. And what is it we celebrate? Well. What is about to happen, dear worst-reader, is more than just a new year. To (y)our joy this is a year just like the last and …
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Swap Your En-Tities
Worst-words of the day, dear worst-reader... Prohibition Against Federal Government Bailout of Swap Entities As stated here, Elizabeth Warren is a maverick. She is indeed doing her best to do something about something. But what is that something, dear worst-reader? Well, let's give it a shot and try to tell what that something is. In …
House of (Discrepancy) Cards
What do you do, dear worst-reader, when the only choice you have is to not sneeze in a house of cards where the air is filled with feathers and pepper dust? Yeah, baby. With that in mind, let's worst-write today--after such a long hiatus of nothingnesss--about discrepancy and derivative trading. What is discrepancy? How 'bout …
Scavenger Econ
Oh, dear worst-reader, we are living in scavenger times. These are times where all that is left are scraps. You know, the scraps left over by the other half. You know, the haves and the have-mores. Oh, how they laugh and giggle as we jostle around, tinker to nowhere, continue on our beloved pathway of …
Who's Your Sovereign
What astonishes you, dear worst-reader? I can tell you what astonishes moi. When words and meaning spoken connect. In other words, hypocrisy among the ruling classes is obvious. But when that hypocrisy is revealed and/or admitted to--especially by one of the rulers--well, it's time to take a step back. Politics, international banking, high-stakes finance, etc., all have …
Consume To Survive Paradox
What is your claim to fame, dear worst-reader? Everyone has one, right? Worst-writer's claim to fame is having lived most of the last twenty years debt free. And if all goes well, I will live the rest of my life debt-free. Seriously. Before this grand achievement I had a loan to finance some fun in …
When Banks Ain't Banks
Subtitle: Irony, Government and the consequence of certain sexual activities that might influence politics. This article is NSFW. Something startled me recently. The other day I finally realized that I have been paying more and more attention to advertising. Not on TV, mind you. I don't watch TV anymore. Instead, for more than two years, …
High Finance
Almost a review of three books. Well, not quite almost. Nomatter. Informed about the world of high finance and rob-your-soul banking? Me neither. Every class I ever took that had anything to do with business, economics or numbers, I bagged as soon as I could and went about living life as it should be lived. …
Sharks Barracudas Banks
The other day during a somewhat intensified news scan to try and understand the 2012 JPMorgan bank scandal, I got to thinking about sharks and barracudas. This was aided when I happened across an article about a German women that was attacked by a sharkwhile on vacation in Florida. Although it seems she will survive the …
Grifter Nation
Griftopia by Matt Taibbi In The Beginning There are two scams in the 1990 movie The Grifters that reveal everything there is to know about how things work--and not just in America but in the whole western world. The first scam I want to worst-write about this day, dear worst-reader, is actually shown twice in …
