“The real cause of the disaster is the very financial structure that was fashioned by legislators and guided by regulators; they together created a cartel that, like all other monopolistic concoctions is playing mischief with its victims.”
Quoted from; “The Great Banking Scandal” (1990) Hans Sennholz
You will note I was quoting something written in 1990—almost 25 years ago. And we all know that was well before the sophistication of today’s Wall Street—with its high power computerized buying and selling. It is troubling to know, debt was there (1990) but small and certainly manageable when comparing it today debt. How we continue to allow debt to pile on is beyond me. We have a blotted government that is well outside the guide lines of the “Constitution” and a debt that will do away with the Middle Class and destroy the country.
A serious investigation would surely expose the close knit co-operation of the legislators and it would also indicate a working together of the groups to force the deception of and deceit in what was created by that body politic. Government, Wall Street and the Federal Reserve, all colluded is varies market places and varies schemes creating bubble after bubble—in order to make maximum profit for the FED, for the Banksters, and the Bureaucrats in the top slots (all getting bonuses) all the while forcing more and more money into the system through debt. The Government wanted to spend money, assuring re-election of everyone as they bought votes, the FED wanted more money in the system causing more debt with interest paid by that government borrowing—-one spend while the other collected interest off the poor tax payer—who is paying all the bills. The Bankers kept everything running, all money going through the bank always making their percentages with their factional banking—–creating much money out of nothing.
Here are a few numbers to get your attention:
40 years ago total debt (government, business, mortgage, and consumer debt) was a mere $2.2 Trillion—-today it stands at $59.4 Trillion.
The U.S. Government is staring at total obligations of $115 trillion.
Derivatives contracts around the world $710 Trillion (risky and dangerous)
This is no joke folks the FED is driven by debt and will never allow the country to get out of that debt—–they will be out of business—if debt goes away. Something must change or the country goes down the tube.
We Shall See—-Don’t you think?