Great article Alan,
Same ole stuff different day. Government wrote checks that their asses and the tax payers asses couldn't cash. Wash, rinse, repeat. I don't know why people forget that we live in a dangerous world. There may not be a lion eating you for dinner, but there's a subprime lender, a university offering an overpriced education, and a media feeding you lies everyday.
I'm not even mad at JPMorgan or Goldman Sachs. You don't get mad at the snake when it bites you. That's what snakes do.
This stuff has been going on for hundreds of years. Bankers have financed both sides of wars knowing that the winner assumes the debts of the loser. And of course your interest rates go up if it looks like you're going to lose.
It always comes back to the money. Fiat currency is inherently unstable by definition. Fiat means statement. So the money has value because people in power say it has value.
"Give me control over a nations currency, and I care not who makes its laws.”
Baron M.A. Rothschild
“It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” - Henry Ford
