Can YOU Handle The Truth of the Incestuous Marriage of Banking and Government?
Posted by freedomforall 3 years, 7 months ago to Business
"Big banks make more and more of their big money through manipulation of assets and gambling in the market and in investment and insurance scams confirmed and accelerated from 2008 onward. And why wouldn't they? They can afford to gamble on higher return risks indefinitely (they think) because they will always be backstopped, no matter how immoral or even criminal their behavior. Too big to fail, too big to jail has become not just a mantra but a business plan.
The real world has been severed from the minds and wallets of the elites for some time, at least since 2008, and arguably since Reagan in the early 1980's... and they've gotten away with it now for four decades. Have they used up stores of wealth or extracted them in a predatory, unbalanced manner? You bet! Have they gotten away with it, and continue to be rewarded more richly with each audacious theft and transfer of wealth? You bet!
I predict this plays like a Sylvester and Tweety cartoon. Think of Sylvester teasing and ridiculing the brutish bulldog on the chain (much like the traders who called honest investors they took advantage of "muppets"-- recall that?).
This works until the bulldog is no longer chained, and then there is hell to pay. This chain comes off when the rip-offs are so ridiculous and arrogant that you get a full-on revolt.
Big banks and global elites will continue to extrapolate and chase ever more gaudy returns by manipulating asset prices (esp. stocks) upward, in a way that is disconnected completely from the markets and in a way that savages the stores of wealth of ordinary people. Zero to negative interest only add grease to the rails and fuel to the fire."
The real world has been severed from the minds and wallets of the elites for some time, at least since 2008, and arguably since Reagan in the early 1980's... and they've gotten away with it now for four decades. Have they used up stores of wealth or extracted them in a predatory, unbalanced manner? You bet! Have they gotten away with it, and continue to be rewarded more richly with each audacious theft and transfer of wealth? You bet!
I predict this plays like a Sylvester and Tweety cartoon. Think of Sylvester teasing and ridiculing the brutish bulldog on the chain (much like the traders who called honest investors they took advantage of "muppets"-- recall that?).
This works until the bulldog is no longer chained, and then there is hell to pay. This chain comes off when the rip-offs are so ridiculous and arrogant that you get a full-on revolt.
Big banks and global elites will continue to extrapolate and chase ever more gaudy returns by manipulating asset prices (esp. stocks) upward, in a way that is disconnected completely from the markets and in a way that savages the stores of wealth of ordinary people. Zero to negative interest only add grease to the rails and fuel to the fire."
I agree they are all in cahoots to rip
Perhaps that's the only way to stop this crap.
So, if the marriage between gov and big banks was incestuous then governments involvement with Big Corps and Big Tech was a sorted affair?
I was not amazed in 2013 that little attention was given to the 100th anniversary of the Fed Reserve....why draw attention....
And now we have the Mega Players like Blackrock and contemporaries to supersede.