The Tyranny of Bond Holders

Kevin Gallager: Bond holders using commercial contracts to shift all liability and risk for state debt onto ordinary people

Category:

News & Politics

Tags:

• debt
• bonds
• greece
• spain
• banks
• austerity

[youngbuck189]

Welfare state is the most Orwellian term in history. Welfare is used to describe public taxes being used for public services, while the exponentially larger corporate welfare of using public taxes to beneift private buisness is not called welfare.

It is the doublethink of our time, using your money to help you is "welfare", it's not necessary to economists. Corporate welfare helps no one, but is essential to economists who view the world through charts and computer numbers. 

[ejbh3160]

@TheRealNews I would love to see you get Molly Scott Cato on your show, because all these financial wizards you have on are arguing about getting back to 'Growth'... fact of the matter is that it's not just Peak 'Oil' we're facing... it's peak everything eventually! We live on a finite planet & endless 'growth' is simply not possible. The final 'growth' markets will be 'sustainable' ones in my opinion.

[pjamesbda]

Create debt out of thin air, hand it out to everyone who will take it, then reel it in at face value (or more with penalties) and move on to the next mark. It's called our "Systemic Financial System". You know, the one that couldn't fail, or our country would collapse (because we need to continue the borrow - bust cycle). Problem is, after they got their pound of flesh, they put it in cold storage and collapsed the economy.

[MoKillaGorilla]

Boston Univestiy keeps developing great minds. i dont know what their doing over there but from Robert Shoch to Joe Rogan iam a big fan

[justnotcricket]

Paul Jay, hardest working man in news. He's practically a one man news channel.

[TomUsherRLCC]

United States Notes

[lordblazer]

@sheepblitzer

well its kind of time to rethink the economic model we currently follow, and rethink how we want our society to be. I noticed a lot of talk about resource based economy. But I do believe capitalism needs to stop as we are exhausting our resources too much. I also believe we cannot revert to feudalism because it will lead to more violence. Its time we see what is important, and what isn't. accumulating paper isn't on my list of priorities.

[lordblazer]

I may mention that I hold a bond too XD Time to become a corporate douche like Seito Kaiba.

[narotax]

@youngbuck189 I guess mentioning facts is being tough. I'll try and grow up so I can believe the government takes care of us like some benevolent parent. That isn't immature at all.

[youngbuck189]

@narotax grow up and get real internet tough guy,

[narotax]

@youngbuck189 "The public is every citizen of a nation..." - every citizen is not taxed so again, what is a public tax? "...if you don't believe in nations or public then you have no reason to speak" - If you think I said that you are delusional. "The internet, every road, bridge, toilet, and many other things you use everyday are public investments and not possible without it." - You can't be serious. You may want to look into what taxes actually pay for. Please exclude me Mr. President.