William K. Black How to steal ten billion of Euro

William K. Black How to steal ten billion of Euro

William K. Black is an Associate Professor of Economics and Law at the University of Missouri-Kansas City.  He is also a white-collar criminologist, a former financial regulator, and a serial whistleblower.  He is an economics adviser to Senator Bernie Sanders.  Black is one of four co-founders of Bank Whistleblowers United, which seeks to restore the rule of law to Wall Street.  He is the author of The Best Way to Rob a Bank is to Own One.

1971 U.S. completely abandoning the gold standard.

1981 Professional Air Traffic Controllers, (PATCO ) With the firing of the 11,345 striking air traffic controllers 

broke the labor union.

1999 Glass-Steagall Act of 1933 repealed, strips away the last vestiges of the safety and soundness of the banking system.

These three events plus many others chipped away at the safety net for working men and women and redirected money into the pockets of bankers. William K. BlackMichael Hudson, Steve Keen, Robert Reich, and Chris Hedges write extensively about the 2008 bank collapse and the recession that leads to the next collapse.

"Can you and I write checks “drawn on ourselves”? Of course not. We have to back them up with value. The Fed does not. So, the mighty US dollar is not backed by gold or silver or anything at all; it’s simply an accounting trick."

Paul Rosenberg

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If only the French had effective leadership after the slaughter of the monarchy, perhaps the Revolution would not have been so bloody. 

We need real leaders to rally the masses into effective action through the next generations if it matters. My fear is the masses assemble under the Trump and will bring wrack and ruin. If that happens, our beautiful planet will be toast.

Given that reality, how do we stay calm and reasonable through the chaos? First, read the book "Chaos." 

Chaos: Making a New Science   by James Gleick

My interpretation of our present chaotic world is that chaos generates heat, for change to occur there has to be heat, look beyond the chaos to think in terms of the three Ps. 

What is probable?

What is possible? 

What is preferable?

 Imagine the preferable as we work through probable and possible. 

So, for me, increase awareness of what is happening and why. Enjoy my family, neighbors, and garden.

I meant to include enjoy and participate with Atheist Nexus as well as family, neighbors, and friends. 


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