Bill Gross, bond market tycoon and manager of the world’s largest bond fund, apparently believes his fellow millionaires and billionaires are divinely entitled to positive risk free real returns on their hoards. And because the US government hasn’t been providing them lately, he aspires to be the “captain” in a “Caine Mutiny” “revolt” against this rising “repression”. It’s class warfare, plain and simple.The US holders of US debt, also known as The One Percent, are apparently not satisfied with bleeding the American public dry, by forcing them to cut back on health care, education, and social supports in order to pay the debt holders such as Bill Gross more in risk free interest payments.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Tuesday, May 10, 2011
Bill Gross and his Good Ship Lollipop
Click here to access article by Jim O’Reilly from his blog, Comments on Global Political Economy.