America’s financial system is nothing more than a toxic waste dump of speculation, fraud, collusion, corruption and rampant profiteering.
Regardless of our opinions about President Carter and his legacy, his Farewell Address is worthy of our attention and study.
Why would anyone sell when further gains are guaranteed? Because the gains are unreal but the losses are real.
Unfortunately for those at the top who’ve benefited immensely from speculative bubbles, speculative bubbles don’t create a vibrant middle class–they push what’s left of the middle class off a cliff.
This heavily managed ‘market structure’ is far from equilibrium and extremely prone to instability.
Our Nobility’s assessment of risk and their war-gaming of vulnerabilitiesare fatally deficient.
It didn’t have to be this way, but this is the reality we must now face: truth is fatal to fraud, and our entire financial-political system is a fraud.
How do you unrig a speculative rigged market? You don’t. It simply crashes into a putrid sinkhole.
I’d say more about Big Tech but since they’ve ‘privatized totalitarianism’, I fear being ‘digitally disappeared’ if I dare criticize Big Tech.
The Fed has a binary choice: preserve America’s global hegemony or further enrich the billionaires. You can’t have both. <