“The political calculus is simple: the bottom half of households don’t vote, don’t contribute to political campaigns and don’t have enough income to borrow huge sums of money to enrich the banks. They are thus non-entities in the fiscal-monetary project of maintaining the power structure of the Status Quo. All the Status Quo needs to do is borrow enough money to fund social programs that keep the masses passive and silent. Unfortunately for the Powers That Be, the cost of placating the rapidly increasing marginalized populace is rising much faster than tax revenues.”
http://charleshughsmith.blogspot.com/2013/06/the-fleeting-beauty-of-bubbles-and-bonds.html
(Visited 54 times, 1 visits today)
Related posts:
Attempts To Eliminate Cash Are More Than A Privacy Disaster
Poor Training Of Narcotics Officers Contributes To Culture Of Ignorance
The War on Terror Is a War on American Freedom
David Koresh’s Revenge: Waco and 20 Years of State Terror
Rome: Money, Mischief and Minted Crises
Fred Reed: The Eye of Sauron
Glenn Greenwald at Yale Law School: "With Liberty and Justice for Some"
The Internet Has Been Conquered: Get Busy With the Next Steps
A Rogue State and Failed Social Visions
A Government Answerable to No One
Spare us the hypocrisy over chemical weapons, America.
The Federal Reserve's Cargo Cult Magic: Housing Will Lift the Economy (Again)
America's Emerging Police State: A Brief History
What To Expect During The Next Stage Of Collapse
Egypt, Syria - it's just the end of them