Late Stage Capitalism and the Shame Haunted Life. You Can’t Kill Trauma With A Gun

As a follow up to my on Toxic shame post I would like to point your attention to an excellent piece on Toxic shame and its importance to Capitalism and the 1%. By Phil Rockstroh                                                       “Memory believes before knowing remembers.”                                                          — William Faulkner January 04, 2013 “Information Clearing House” – In an era of […]

The Collapse Of Our Corrupt, Predatory, Pathological Financial System Is Necessary And Positive

 a couple of days ago I posted an article about the pending economic collapse explained in three easy steps. This article published on Zero Hedge blog is eminently readable and covers the economic collapse with a bit more detail but the premiss is the same. Banks took on risk and hedged it back to zero […]

Capitalism as Extortion: 700,000,000,000 Ways

Over the last 7 days, I’ve been watching the repulsive song and dance in the USA to bail out some of the wealthiest corporations in the world. Congress finally passed bailout legislation today. But instead of reforming the system that allowed the kind of greed and manipulation we’ve seen, we see capitalist extortion at work. […]

Saudi Arabia Will Raise Oil Output 2% in July to Curb Prices

What this means is that Investment bankers gambled with Bonds and Derivatives contaminated with toxic sub prime mortgage sludge, and when the market collapsed changed their game by buying up crude and driving up the price in order to make up for their losses. In other words we are paying for their irresponsible behaviour. By […]