Monday, January 23, 2012

Europe’s Deadly Transition From Social Democracy to Oligarchy

Read this

I know I'm sounding like I'm just repeating the same story again and again. But what the hell else is there to do? This is now so blatantly happening. Another week, another story of a redistribution of wealth and power from the 99% (and government agencies that still have democratic responsibility to them) to the 1% wealthy elite.

So many people seem to vaguely perceive this. Many people are talking. But no one seems capable of stopping it.

Money quote :

This competition between banks and government explains the false accusations made that government credit creation is more inflationary than when commercial banks do it.

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