Play “Bail Out Brown” online


David Davis

Here

Courtesy of Guido. And here’s a piece for us, by Kevin Dowd, on the coming inflation.

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2 responses to “Play “Bail Out Brown” online

  1. Dave:

    I prefer the real world.

    This, from Paul Craig Roberts in “Counterpunch” on the coming Second Wave of the ongoing crisis — the defaults on commercial property.

    “There are more intelligent ways to try to escape from the current crisis. However, the financial gangsters and their shills that Obama has put in charge of economic policy are thinking only of their own interest. What happens to the American people is not a concern.

    A compassionate government would handle the crisis in this way:

    The trillions of dollars in credit default swaps (CDS) should be declared null and void. These “swaps” are simply bets that financial instruments and companies will fail, and the bulk of the bets are made by people and institutions that do not hold the financial instruments or shares in the companies. The ideology that financial markets were self-regulating allowed illegal gambling free rein. There is no reason under the sun for taxpayers to bail out gamblers.”

    Wise words from a distinguished, LA-endorsed conservative economist.

    Back in the early ‘Eighties, I looked at the accelerating prices of shares and house prices, and it seemed obvious that this illusory false prosperity was being engineered to give the misleading impression that the Crony-Capitalist policies of Reagan and Thatcher were succeeding; whereas the real economies of Britain and America were disintegrating.

    Under Thatcher, 25% of British manufacturing disappeared. But her backers in the City were doing fine.

    The same was happening in the US, with “outsourcing” of jobs being prominent.

    It was painfully obvious that share prices could never be supported by any conceivable dividend income. But this was concealed by a phantasmagoric “asset appreciation” on the balance-sheets. Bubbles upon bubbles.

    I don’t think it’s right that Peter’s generation should have to labour to bail the swindlers like Madoff (or their beneficiaries) out. Let the guilty pay.

    Best,

    Tony

  2. You Bail Them Out, We Opt Out.

    Dear [May Be Too Much to my Taste, OK!] Expensive Chairman Ben S. Bernanke,

    All of Our Economic Problems Find They Root in the Existence of Credit.

    Out of the $5,000,000,000,000 bail out money for the banks, that is $1,000 for every inhabitant of this planet, what is it exactly that WE, The People, got?

    If my bank doesn’t pay back its credits, how come I still must pay mines?

    If my bank gets 0% Loans, how come I don’t?

    At the same time, everyday, some of us are losing our home or even our jobs.

    Credit discriminates against people of lower economic classes, as such it is unconstitutional, isn’t it? It is an supra national stealth weapon of class struggle.

    Credit is a predatory practice. When the predator finishes up the preys he starves to death. What did you expect?

    Where are you exactly in that food chain?

    Credit Stands Up Against Both of All the Principles of Equal Opportunity and Free Market.

    Credit is a Stealth Weapon of Mass Destruction.

    Credit is Mathematically Inept, Morally Unacceptable.

    You Bail Them Out, We Opt Out

    Opting Out Is Both Free and Strictly Anonymous.

    My Solution: The Credit Free, Free Market Economy.

    Is Both Dynamic on the Short Run & Stable on the Long Run, The Only Available Short Run Solution.

    I Am, Hence, Leading an Exit Out of Credit:

    Let me outline for you my proposed strategy:

    My Prescription to Preserve Your Belongings.

    The Property Title: The Free, Anonymous Right to Opt Out of Credit.

    The Credit Free Money: The Dinar-Shekel AKA The DaSh, Symbol: - .

    Asset Transfer -The Right Grant Operation – Multiply Your Wealth.

    A Specific Application of Employment, Interest and Money.
    [A Tract Intended For my Fellows Economists].

    If Risk Free Interest Rates Are at 0.00% Doesn’t That Mean That Credit is Worthless?

    Since credit based currencies are managed by setting short-term interest rates, on which all control has been lost, are they managed anymore?

    We Need, Hence, Cancel All Interest Bearing Debt and Abolish Interest Bearing Credit.

    In This Age of Turbulence The People Wants an Exit Out of Credit: An Adventure in a New World Economic Order.

    The only other option would be to wait till most of the productive assets of the economy get physically destroyed either by war or by rust.

    It will be either awfully deadly or dramatically long.

    A price none of us can afford to pay.

    “The current crisis can be overcome only by developing a sense of common purpose. The alternative to a new international order is chaos.”

    - Henry A. Kissinger

    You Bail Them Out, Let’s Opt Out!

    Check Out How Many of Us Are Already on Their Way to Opt Out of Credit.

    Let me provide you with a link to my press release for my open letter to you:

    Chairman Ben S. Bernanke, Quantitative [Ooops! I Meant Credit] Easing Can’t Work!

    What Else?

    I am, Mr Chairman, Yours Sincerely [Like do I have really the choice?],

    Shalom P. Hamou AKA ‘MC-Shalom’
    Chief Economist – Master Conductor
    1 7 7 6 – Annuit Cœptis
    Tel: +972 54 441-7640
    http://edsk.org/