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Old 03-08-2013, 11:48 AM   #49
Rohirrim
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Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 55,374

Adopt-a-Bronco:
Malik Jackson
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Quote:
Originally Posted by mhgaffney View Post
Pension funds and the coming collapse...

Check out this terrific interview with Michael Hudson..

http://michael-hudson.com/2013/01/20...-stage-is-set/
Key quote: "You can make money in financial transactions without any production." That is the tolling of the bell, right there. No labor, no products, no industry. And that, my friends, is not a "free" market. Who is one of the biggest facilitators of the financial pirates? Obama. What our government should be doing right now is grabbing the financial industry by the throat, throwing half of them in prison, and using the other half to shut down the casino while writing entire new regulations for the markets and banks. Unfortunately, government is on the take and works for the financial industry. So good luck.

Like he said, compared to what Marx envisioned and what is actually happening, Marx was an optimist.
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