But, but … the MOTUs must be rewarded
for making the markets more efficient.
Oh, never mind.

Arjun Jayadev at Triple Crisis provides a quote from Thomas Phillipon that somehow never sees the light of day in the financial press:

…the unit cost of intermediation is higher today than it was a century ago, and it has increased over the past 30 years. One interpretation is that improvements in information technology may have been cancelled out by increases in other financial activities whose social value is difficult to assess.

This of course is a very understated way of suggesting that the bankers have found new ways to sell or bundle other products or services along with the ones made cheaper by information technology, or create new ones of dubious additional value, so as to allow them to fatten their total pricing.

No doubt. And of course the whole point of fighting transparency is so the banksters can have asymmetric information and jack up the fees on buyers and sellers. That translates into higher food and fuel prices.

“The fleecing class.” Excellent.

meet the new boss same as the old boss…………..

For the first time EVER in my working life, I didn’t get a Tax Form from BoA – a 1099 – bc I “earned” such a pathetically small amount in “interest,” that it doesn’t have to be reported.

This, despite the fact that for most of the year (for various reasons), I had waaaaay more in my bank account than I EVER have. I am lucky; I am fortunate; I am grateful – I had quite a bit in that account.

NADA in terms of “Interest.”

Why? Because these FUCKS ROBBED ME. BASTARDS!

Nothing will change. We are so fucked.

Funds that could have been used to promote business activity, growth, and jobs will instead be channeled into drugs, prostitution, and the other tropes of the Wall Street lifestyle.

So they are job creators after all. The jobs created are mostly in the cervix industry.

Corporate Sodomites…

Oh, and lest I forget: it wouldn’t be FAIR to raise taxes on the egregiously fucking stinking rich ROBBER BARONS who STOLE MY MONEY.

Why is that so??

Go ask my TeaTarded relatives, and all you get is a bunch of Glenn Beck-inspired gibberish. Not kidding. Go figure.

effed!

Goldman, Citi, WF, Morgan have all announced layoffs and reductions in force. Less but richer billionaires require less but richer finance guys. Again the evil genius’ from Wharton are screwing themselves.

Put your money in a credit union. B of A has been clearly outed as Dillinger on steroids.

I live in northeast Texas, these right wing retards down are to focused on the tax and spend liberals , because faux news told them so. So while most of the country obsessed about our so called made up debt crisis, wall street is robbing them blind

“That translates into higher food and fuel prices.

First comes the increase in energy costs. Then that cost rumbles through the country, like a tsunami increasing the cost of living, while imploding a housing market. This has been the cause and effect that has gutted America. So lets ask the question. How much money did America squander today driving to and from work today, in servitude to energy corporation? How has the increase in energy costs for transportation, enslaved America and how much money do we spend on defense to protect America’s servitude to Wall Street and Energy? What is it? A square deal for the republic and the Governed? Fuck No!

You have defined “Corporate Sodomy,” inflicted on America by “Corporate Sodomites,” and money buys the Sodomites, the Lesters, their protection, for now.

That’s because they aren’t genuises.

They are too stupid and egotistical to realize they are expendable too.

Everyone wants to believe they’re a very important person doing a very important job…..until they aren’t anymore.

Is everybody in for another round of musical jobs? While the music is playing the number crunchers should practice saying “do you want fries with that” because it’ll be their turn eventually.

yes, agreed. I am in a credit union in one place I live. need to set up account in the other place. the problem is that BoA offers some convenience for certain kinds of transactions. gradually moving away, though. hate the bastards. insane.

Credit Unions are much better but not offering a lot more interest bc interest rates are so low right now. that’s another chapter for another book.

needed to vent. hate the bastards.

But but but……prices aren’t going to go up because minimum wages are the determining factor in setting prices dontcha know(tongue firmly in cheek) or those ebil librul taxes.

yes. the fascist propoganda works very well, and not just on “dumb” people either.

Conditioned minds…

“So while most of the country obsessed about our so called made up debt crisis, wall street is robbing them blind.”

“Played,” “Conned,” “Fucked,” and to stupid to know it?

One word explains it all

http://www.claybennett.com/images/archivetoons/amateur.jpg

Well played.

Hope. HOPE nah…Forward. FORWARD. As Timon the meercat said “You gotta put yer behind in the past.” Hillary 2016 “A Rental Car in every rented Driveway and a Chicken nugget in every pot”
Remember small donors are important so text #gohillary1234 to donate $5.

Massive deficits, trillions in printed money. All to the benefit of the 1%. Enjoying your Keynesian stimulus folks?

Ouch! well said & thank you.

Course, you know what has to be done

Moar Democrats!!!11 Go Team! Gotta get fired up! Let’s elect a Democratic President, and control at least one house of congress …… oh, wait, what’s that …?

Er, do I still get a pony?

I would give you my pony but we had to sell it to IKEA. :)

Now you’re being unrealistic and a pie in the sky idealist if you are expecting Democrats to do something progressive without a Senate of at least 98 Democrats, a House plurality of 420 and the White House.

Will the wall streeters’ disclose the bonuses paid to Congress and the President? Just wondering.

I deactivated my Facebook account, because hell I just got to angry arguing with these right wingers and it making me sick. All I hear is how the democratic are spending us into oblivion , need to buy guns and ammunition , you name it,I tell them both party s are bought and paid for by wall street and that I am to liberal for the democratic. We got some crazy s down here in Texas, and hell I am surrounded with these stupid sobs . Facts don’t matter to these people, the only hope is one day these bigots will die off and hopefully their kids will not be as much of a bigot as their parents were. It probably take several generation dieing off before their to much hope for these people that I live around. America is fucked…..

My pony’s probably been slaughtered, thanks to Ken Salazar’s BLM

Now I gotta go text money to #gohillary. We need 99 Democratic Senators!!11

Ummn, isn’t it time for the torches and pitchforks?

We need 99 Democratic Senators!!

Naah, they’d be intimidated by the one Republican.

Yup,Gallon diesel fuel 1970. .17 cents.
Yup,Gallon diesel fuel 2013. $4.19 (Today)

Now if I’m not mistaken diesel was a throw away product at one time? Dam!! No wonder why it cost so much to live these days? Duh!

http://www.thedieselpage.com/dieselprices.htm

http://www.barrington-consulting.com/uploads/Understanding_Diesel_Fuel_Prices.pdf

Goes right to the heart of the matter. Commodities and monopolies…..

Wouldn’t work. The two R’s in the Senate would take turns in objecting to unanimous consent requests, putting a hold on all legislation.

The democrats would wring their hands and witter on about comedy (or is it comity?) in the Senate.

But most of that $4.19 is taxes now.
$ .12 refining cost
$ .08 delivery
$ .85 Fed excise tax
$ .35 State tax
$ 2.79 Wall Street Billionaires Tax

Diesel (Gas Oil) was never a throw away fuel.

Otherwise you are correct.

And delivered to Ikea (and others) as hamburger.

In Virginia:

We really feel that the Billionaires aren’t getting a fair shake. That’s why we did away with our 35 cent state tax and are going to just fund our highways by increasing the cost of other things Virginians use and vehicle registration fees. That way truckers from other states can just fill up on the backs of Virginians.

We’ve passed that time.

New movie, available on-line.

You’ll need a strong stomach.

I wasn’t very clear in my breakdown but the $2.79 goes to the billionaires from the purchaser at the pump directly as dividends from their Exxon/Mobil stock. Goldman is manipulating the gas price more elegantly than they did the housing prices.

Good. They’ll be really fat when they are eaten.

It not a throw away product anymore. Europe runs on it (further then we do per mile to boot).

Coming soon: Ikea Billionaire Burgers. Heavily marbled and tastier than horsemeat. :)

If the rest of the vehicle holds up like the engine, with proper maintenance, then diesel is the way to go. Unfortunately, they don’t, often times.

That’s Italian marbled right. Tastier than the horsemeat from Ann Rmoneys dressage ponies; I can’t believe it.

Sadly, it’s not just in Texas. It’s everywhere… even in so-called liberal California. Good luck to us all.

I always thought California was pretty liberal. I hate to hear these people are in California. But I guess political idiots are all over the US.

Generally the large and populated areas tend to be liberal in most regions. However, the more rural regions of the states are conservadummies who have a hard time following more than a single train of thought.

Yes, mostly on target.

In California, you have the huge Central Valley, which is the Bible Belt of CA and very conservative & very religious.

Although there is a percentage of the wealthy in CA who are more “liberal” (limosine liberals, as they’re called), a big percentage of the wealthy in CA are VERY conservative. They may be well educated, but they LOVE Rush Limbaugh. And they buy into the same b.s. that conservatives do everywhere. They want to “blame” everything on minorities & poor people and whine endlessly about how horribly high their taxes are. And believe me, I know some pretty wealthy people. They truly don’t think they should pay for a damn thing, but hey: they wanna drive on roads, streets & highways. They want clean drinking water. They want other services. It’s just that poor people should pay for it, not them. Their shit don’t stink, doncha know??? It comes from living in gated communities in multi-million dollar homes & belonging to very fancy expensive clubs… makes your shit smell just like perfume.

Yummy! Can’t wait until I call out my order in the Ikea food line.

Hey, come on now. These folks are the JOB CREATORS and we should all be grateful. Gag, choke, seizure….

… my only regret is, I have boneitis.

I hate these bastards as much as anyone, but they really have little to do with the price of fuel (food and other commodities, on the other hand…). Peak oil is a reality; the global energy supply stopped growing meaningfully in 2005.

Back in the days prior to and during Standard Oil, in the distillation process, kerosene was the sought after fuel, for lighting purposes. Two by products, we call gasoline, was to volatile for use, and diesel fuel.

They where allowed to evaporate into the air and perk into the ground. Unlined earthen vat where utilized to dispense with the by products.

http://www.oil150.com/assets/refining-crude-oil-history,-process-and-products.pdf

As the temperature rose, they removed the distillates like gasoline for which
they had no use, procuring only the lamp oil or kerosene. Over time, oil’s other distillates
became useful and the refining process evolved.

You are correct it should never have been wasted, like the 80 cents of most dollars spent on gasoline or diesel fuels wasted today???