Sunday, February 2, 2014

Video: Hollenbeck on Income Inequality


1 comment:

  1. Beginning on October 23, 2013, as the bond vigilantes began calling the Benchmark Interest Rate, ^TNX, higher from 2.48%, on fears that that the world central banks monetary policies crossed the rubicon of sound monetary policy, and making money good investments in the Emerging Markets, EEM, and Real Estate, IYR, bad, there was a regime change.

    That being a regime change from liberalism’s banker regime, with its rule of bankers and democratic nation states, where economic life centered, on the investor and investment choice, to the sovereignty of beast regime, with its rule of diktat of leaders, in regional economic governance and totalitarian collectivism, where economic life is centered around the debt serf and debt servitude, and which is characterized by ever decreasing income inequality, as all become more equally poor, as economic destructionism replaces economic inflationism.

    Under authoritarianism, seigniorage, that is moneyness comes from the word, will and way of regional seigniors, not bankers, and their appointed economic cardinals, who oversee and administer the factors of production, credit, trade, commerce, banking, and fiscal spending. Leaders such as Olli Rehn are authoritarianism’s fathers, and thus the legislators of economic value, as well as the legislators that shape one’s means and one’s ends; these are increasingly enforcing austerity over debt serfs, to establish regional security, stability, and sustainability.

    While President Obama in his SOTU, communicated that it’s time for income equality, and proclaimed a new war on poverty, Atlas has shrugged and having asked “What is economic justice”, says “People, everywhere, will marvel, and follow after the beast, saying its power is irresistible; yes, they all will be proclaiming, “who can make war against it.”

    Under authoritarianism, there be the equity of debt servitude.