There is a financial scam going on that no one involved wants to stop. That includes politicians, government economists, banks, Wallstreet and other beneficiaries.
We had a collapse that “no one could have foreseen.” This defense is pitiful, disingenuous and the refuge of scoundrels. It is the abandonment of responsibility and truth.
There were plenty of non-participants who saw what was coming. Those who spoke out were passed off as kooks by the financial media. Many who warned also put their money to work on what they claimed. As a result, huge returns were obtained by some of the “kooks,” while massive losses were incurred by the sheeple.
Crony Socialism created the mess and continues to make it worse. Nothing has changed other than the country is poorer and in a deeper mess. The same interests continue to work to protect what is left of their scam. The sheeple are assured that things are getting better. They are not!
Another crisis, bigger than the last one is coming. The scoundrels will be undone by the next crisis which will be soon and bigger than the last.
The following post From Washington’s Blog provides all you need to know about politicians, their unwillingness to accept responsibility and their integrity or intelligence. To say that no one could see this coming is to lie or to admit one’s own stupidity and ignorance.
The Financial Crisis Was Entirely Foreseeable
Posted on December 10, 2011 by WashingtonsBlog
Foreseeable or Not?
I noted in April:
Whenever there is a disaster, those responsible claim it was “unforeseeable” so as to escape blame.
For example:
- It happened with 9/11
- It happened with the Japanese nuclear accident
The big boys gamble with our lives and our livelihoods, because they make a killing by taking huge risks and cutting costs. And when things inevitably go South, they aren’t held responsible (other than a slap on the wrist), and may even be bailed out by the government.
But surely the financial crisis was different. After all, Wall Street executives and politicians say that the financial crisis wasn’t foreseeable. And see this.
Actually, it might have been slightly foreseeable for a little while before the financial crisis.
We’ve Known for Thousands of Years
We’ve known for literally thousands of years that debts need to be periodically written down, or the entire economy will collapse. And see this.
We’ve known for 1,900 years that that rampant inequality destroys societies.
We’ve known for thousands of years that … [TO CONTINUE READING]
