Click here to see Assemblyman Matthew Harper’s entire speech.
California, where I once lived, my family lived there since 1849, is going insane. It was pretty crazy when I left in 1970. It has only gotten much worse. Now, the far left came close to eliminating at least one of the Presidential holidays and replace it with a holiday to celebrate Marxism and its fine record of eliminating a hundred million plus humans. These same clowns also want to punish Russia for…chucking Marxism into the trashcan of history! Russia is now pure evil and Venezuela is our golden future. At least for these insane California leftist radicals…who live in protected estates far from the violent gangs in the cities there.
Derivatives monster ate capital not debt
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.