Busting the Bankers' Club: Finance for the Rest of Us

[@EndoftheBlock7224]

Finally, looking forward to this one.

[@PoliticalEconomy101]

You should also interview The Fall and Rise of American Finance: from J.P. Morgan to Blackrock

[@vthilton]

Sharing will save the world.

[@ajones8008]

well the truth comes out...

[@tombouie]

Enlightening

[@marc-andredesrosiers523]

Would invite you to examine Canada, because the situation doesn't appear as dire. Find out the 'why?'

[@timmy-wj2hc]

He misses the fact that the Banks own and control the Federal Reserve Bank, which is a private institution.

[@dannywindham3295]

The federal reserve is an agency of the US government spoken into existence by Congress during the federal reserve act. Stop acting like a child.

[@Grumbo991]

​@@dannywindham3295relax sweetheart

[@4040tee]

There is the written definition, then there is history. You dont seem much of a reader though.

[@dannywindham3295]

@@4040tee The Federal Reserve is an agency of the US government spoken into existence by Congress during the Federal Reserve act, you idiot. It was by an act of congress that Created the federal reserve

[@stephenbrown1136]

I am livestock

[@sampellettieri5823]

Privatize Deposit Insurance fully. Banks will police their peers better than bureaucrats if they share in the losses beyond what fdic does

[@dannywindham3295]

Professor stephanie kelton is helping to bust a lot of myths. Read the deficit myth

[@tuberific454]

He calls it a club, which it is, but I think cult is a better term. He says CEOs have a material motive like finanacialization. But there is also an intangible part. So-called "free markets" are an ideology, one that invokes liberty as a moral argument for privatization, and which regards public ownership as incompatible with democracy. Like all cults, it leans on revisionist history and confirmation biases such as through a reframing of the Great Depression, the 2008 Crisis, and the impact of the TCJA of 2017. Case in point is that while the independence of scotus justices is certainly compromised by lavish gifts, there is also the psychosocial impact of inclusion in peer networks that are diametrically opposed to anything egalitarian.

[@dannywindham3295]

@@tuberific454 Very, very well said.

[@sampellettieri5823]

iNet there is nothing new about socialism

[@cosmicblaze1608]

Socialism for the rich. Capitalism for everybody else.

[@sampellettieri5823]

@@cosmicblaze1608 let's not confuse corpotocracy with capitalism

[@cosmicblaze1608]

@@sampellettieri5823 you're right there!