feudalism

Obama Bailing Out the Banks In my last post, I talked about debt from the point of view of the individual getting off the wheel of bondage. Today I want to talk about debt again, but from the point of view of the Macro. Why? Because we can’t talk intelligently about our own money actions without talking about the canvass upon which these money actions are being played. Also, because we can’t really be conscious with money without this knowledge. And finally, we won’t really know what right action is. With respect to what is going on, both in our country, and in the bigger field of the world, I have run into two very powerful articles this recently. One was entitled ” Financial War Against Iceland” by Michael Hudson.   Michael is a Distinguished Research Professor of Economics at the University of Missouri. He is also a Wall Street analyst and  president of the Institute for the Study of Long-term Economic Trends. So he knows what he is talking about. I have been reading his articles for years about the true effects of the US Treasury policies and the resulting inevitable current financial crisis. His is a voice of intelligence, true intelligence, not just intellectual analysis, in a sea of self- serving rhetoric. The other article was “Resist Or Become Serfs” by Chris Hedges.  Both of these articles talk about the bondage of our creditor society. The real issue in this economic crisis should be overall the health of [...]