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ranbotrader
Membre depuis mai 2012
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The Target Test and the Financial System

- Jeffrey Lewis -

Good article Jeffrey.

"It is true that the major media outlets are owned by a very small group of interests." That is why there are often one sided election campaigns and why you also have a failure to report when government corruption is in progress. Media owners find it more convenient to do a 'dog up the tree' story rather than report the real news or to try and fix corruption in high places.

It was pleasing to see you touch on bail in arrangements. You needed to go further and explain that all of the G20 countries either have or are in the process of adopting BAIL IN ARRANGEMENTS a la Cyprus. What this means for ORDINARY DEPOSITORS of the bank is that they will have some of their money effectively stolen by their too big to fail banks if there is crisis which threatens their existence (like a housing collapse). This is poorly understood by the public which will be screaming loudly if and when this thievery unfolds. The real story is why there is no mention in the media, anywhere, of this secretly enacted legislation. The general public has never been asked if this is acceptable and it has been a fait accomplis from self interest pseudo government corporations to accommodate their own needs: a ticket to ride for irresponsible management and risk taking and the loss of no jobs by these unaccountable organisations.

So why do you not write an article on this topic Jeffrey? Are you also too frightened?

Commenté il y a 3764 jours

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Début de l'article :Despite the headlines and the perception that financial markets and the economy are returning to some semblance of normal and growth, this is far from the underlying reality. Beneath the headlines and the newest bubble trifecta in housing, bonds, and equity, the flip side paints a much grimmer picture where record debt, unemployment, as well as government intervention and transfer payments exist. In fact, the sheer enormity of intervention has created a tinder box of risk waiting for a spark. We... Lire la suite

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