If you listen to market reports on the financial industry, it sounds like we’ve pulled ourselves out of recession. Morgan Stanley, Bank of America, Goldman Sachs, Citigroup, JP Morgan Chase, and Wells Fargo all announced huge earnings this quarter. We’re back baby, right? Not nearly. Not even close. Because those earnings are a reflection on what our money really is. The Resident (aka Lori Harfenist) explores the nature of evil monetary fiction.
Published on Aug 20, 2013