.. the racketeering character of corporate America today …making money dishonestly, and often for doing nothing. In America’s biggest industry, finance, this is absolutely the case…American Finance now is in the business of receiving free money (loans at minimal interest) from government-chartered central banks (issuing “credit” from nowhere), that banks, hedge funds, private equity outfits, and sundry freebooters can roll into instruments such as interest-yielding bonds (loans back to government) and derivatives (algorithmic bets derived, abstracted from, and tuned to market movements) magically multiplying money that finally produces nothing of value — though it may translate into yacht purchases, alimony payments, luxury suites at ballparks, private Caribbean islands, and traffic in humans for use as sex toys.The overflow of envy in Comrade Kuntsler’s rant is exceeded only by his comical ignorance of money, credit, banking and economics.
This is the kind of inanity I expect to see posted on a loser site like DU.