Saturday, January 23, 2016

Financial oligarchs?

Something to consider. Since the Norman Rockwell vision of America has been retired -- with a vengeance -- we must search for better explanations of who runs America now and for what purposes.

It isn't We the People.

The following is in the "grist for the mill" category for all keen-eyed and perspicacious readers of this blog to process any way they wish.

The US has surrendered its sovereignty to a clique of financial oligarchs. Having nobody at all to answer to, this American (and to some extent international) oligarchy has been ruining the financial condition of the country, running up staggering levels of debt, destroying savings and retirements, debasing the currency and so on. The inevitable end-game is that the Federal Reserve (along with the central banks of other “developed economies”) will end up buying up all the sovereign debt issuance with money they print for that purpose, and in the end this inevitably leads to hyperinflation and national bankruptcy. A very special set of conditions has prevented these two events from taking place thus far, but that doesn't mean that they won't, because that's what always happens, sooner or later.[1]
Mr. Orlov has views on the genesis of the Boston Marathon bombing and the evil partially-private "prison complex" that leave me cold, but even The Great Bunny has been known to stumble on certain points and at certain times. TLSABWTB, thank you very much.

Read together with the post below (previous in time) for additional perspective.

Notes
[1] "It's Starting: Financial Collapse Usually Leads to War." By Dimitry Orlov, 1/15/16 (republishing an essay from 3/15).

3 comments:

  1. OK, I'll bite. What does TLSABWTB stand for?

    ReplyDelete
  2. I tried to look that up, too! :)

    Bunny?

    ReplyDelete
  3. The less said about which the better.

    :-)

    ReplyDelete

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