I have tracked Boeing for years and years. Boeing jobs were ‘good’ (i.e.: union) jobs but after thirty years of free trade and open borders, after the former slave states passed anti-union laws, we have this result: Boeing (BA) 777X: Economic Warfare Between States For Boeing Jobs Is Hurting The Poor, Endangering Public Services And Only Serves Foreign Customers
Tag Archives: capital
More useless Bitcoins vanish in a computerized flash as Illegal online marketplace that replaced Silk Road VANISHES…taking $100MILLION of users’ money with it. The scam artists even amused themselves by calling this scam ‘Sheep Market’. I suppose this is a cheeky reference to a favorite expression of people who think Bitcoins are clever, that is, calling the rest of us ‘sheeple’ all the time.
Derivatives Contraction Is Leading Cause Of Bank Deflation And Credit Crunch: Economists Ignore This Fact
Here is a typical example of how the huge Derivatives Beast is ignored by economists pretending to understand what is going on in the world. I have explained for years how the derivatives game suddenly appeared during the years banks were deregulated and offshored. This game meant NO CAPITAL was needed for lending and bankers lent money they didn’t have to all and sundry with wild abandon. Then, when debt deals went bankrupt, there was no capital base to cover losses and the entire system suddenly collapsed in 2008.