“The fact was that American enterprise in the twenties had opened its hospitable arms to an exceptional number of promoters, grafters, swindlers, imposters and frauds..”
“At best, in such depression times, monetary policy is a feeble read on which to lean.”
“In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.”
“The values of a society totally preoccupied with making money are not altogether reassuring.”
“The autumn of 1929 was, perhaps, the first occasion when men succeeded on a large scale in swindling themselves.”
“Wall Street’s crime… was less its power than its morals.”
“Financial capacity and political perspicacity are inversely correlated…Here at least equally with communism, lies the threat to capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.”
John Kenneth Galbraith
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
“The financial industry doesn’t lubricate the economy. To the contrary, it is both a huge parasite and a massive anchor that drains more than one-third of ALL corporate profits out of the real economy. To put this in perspective, the total amount of all retail trade profit was $154 billion in 2018. The total amount of all transportation and warehousing profit was $55.6 billion. The total amount of all food, beverage, and tobacco profits was $50.5 billion.
The total amount of financial profit was $448.3 billion, and that almost certainly understates it. If you want to know what is wrong with the economy, the answer is “the transfer of profit to the financial institutions” which is done through ever-expanding debt. This is why either a debt jubilee or mass defaults and the total collapse of the US economy is absolutely inevitable.” Vox Day
“Financial capacity and political perspicacity are inversely correlated…Here at least equally with communism, lies the threat to capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.”
oh nonsense. it’s all about scope. for most people (including those here) if it’s going well for them then everything’s good and fine, if it’s going bad for them then everything’s evil and wrong. and they’re quite serious about the “everything” part, because in their minds they themselves are “everything”, and anyone who talks about anything else is just noise.