11

Can YOU Handle The Truth of the Incestuous Marriage of Banking and Government?

Posted by freedomforall 1 month, 3 weeks ago to Business
5 comments | Share | Flag

"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."
SOURCE URL: http://charleshughsmith.blogspot.com/2020/08/creating-perverse-asymmetries-to-extort.html


Add Comment

FORMATTING HELP

All Comments Hide marked as read Mark all as read

  • Posted by term2 1 month, 3 weeks ago
    So let me understand- Federal Reserve electronically sends money to the banks in exchange for government bonds so they can lend it out. Companies and brokers borrow the money from the banks and pay the banks interest, and they they put the money into the stock market. When (if) they pay the loans back, the federal reserve looks honest. If they dont pay the loans back, or just roll them over, we all get inflation.
    I agree they are all in cahoots to rip
    Reply | Mark as read | Best of... | Permalink  
  • Posted by $ Olduglycarl 1 month, 3 weeks ago
    Well if we do go back to sound money, (gold backed) and shut down the central banks then the Big Banks will be left to their own devices with no back up...
    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?
    Reply | Mark as read | Best of... | Permalink  
  • Posted by $ Commander 1 month, 3 weeks ago
    The US Federal Govt. became a corporate entity, subjective to the debt of a private bank system in or about 1913...a given.
    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.
    Reply | Mark as read | Best of... | Permalink  
  • Posted by $ blarman 1 month, 2 weeks ago
    When the banks are judged to be "too big to fail" and their risks are ignored by government law, you will get poor decisions by said banks which will result in government bailouts. Risk is key to feedback and decision-making. It's similar to the third-party-payer problem with many current health insurance plans.
    Reply | Mark as read | Best of... | Permalink  
    • Posted by 1 month, 2 weeks ago
      This has been the goal of the banking cartel and now they have succeeded. That is why the income tax and the federal reserve act were created at the same time. The banks create the debt for government and we are the slaves that are the "security" for the debt. In addition, the banking cartel is awarded the sole control over creation of "legal tender" via credit (created from nothing) that bears interest to the banking cartel.
      Reply | Mark as read | Parent | Best of... | Permalink  

FORMATTING HELP

  • Comment hidden. Undo