Wednesday, 9 July 2014

Bull market in Banker BS....................from Rico

The release of the latest FOMC minutes, and the ludicrous reaction in the markets, is a reminder that free markets no longer exist in the country formerly known as a constitutional republic...the US...there is now a centrally-planned dystopian economy in which a handful of Keynesian academics and criminal TBTF bankers under the FED's guidance influence and distort not just the US economy, but the world's.

- The FED has cmpletely killed the capital markets.

A bull market in banker BS now exists instead.

- It is all a BIG bubble of BS today. Federal Reserve Notes, markets, all of it.

As a reminder: The Federal Reserve System is wholly-owned by their member banks who receive a 6% dividend (for their privately owned shares) from the FED's profit on their proprietary market operations.

- It is NOT a USG entity or enterprise. It is a privately-held monopoly.

- There is NO oversight by the USG except by lip-service only, there are no teeth or consequences for their actions. The only 'accounability' is measured by profits for their private owners.

- It has its own rules of 'independence' and 'opaqueness.' [Think: Rothschild, Warburg, Rockefeller, et al]

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