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 […]
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 […]
The good thing is, I read the book. The bad thing is, I’m still waiting for someone to address the unspoken reality of where the world is today regarding banking and finance and, of course, the (unending) great recession. The thing that gets me is that every time I read something about The Big Short (movie) […]
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 the last […]
What’s to be done when everything is leveraged? Where does one go when margins are so thin? How do you get credit when all there is is debt? How do you get water from a rock? The answer to these and many other questions, dear worst-reader, is simple. You mis-manage your company like no other. […]
Once again, just like here, Michael Hudson nails it–and his book, Killing the Host, is going on my to-read list. Allow me to quote (or is this called transcribe?) the part from the interview in the above vid that really struck me. “They make their money for the same reason they’ve paid billions in civil fines–not […]
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 […]
“When you borrow a lot of money to create a false prosperity, you import the future into the present.” -Michael Lewis, Boomerang
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 […]
Worst-word of the day, dear worst-reader. Hedonic regression. If I worst-understand it correctly, this is how the powers-that-be prevent a failed economy from actually collapsing–or at least preventing that economy from resorting to wheel-barrels full of cash to buy what used to be an already overpriced cup of coffee from a store that mimics hamburger […]
Article to read and worst-write about: http://www.zerohedge.com/news/2014-01-20/retail-death-rattle Best worst-quote from above URL: “The country is being kept afloat on an ocean of debt and delusional belief in the power of central bankers to steer this ship through a sea of icebergs just below the surface.” There are moments, believe it or not, where even worstwriter, […]
Is it fail upwards or is it trickle upwards? You know, the question that best represents where we are today in this dog eat ice cream but enjoy yourself anyway world? Wait. Or. Should the question be another question? Perhaps we should resort, dear worst-reader, to questions better fit for the norm? That is, let’s […]
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, […]
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. […]
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 […]
