How more of the same "medicine" is likely to poison the patient
Well, actually I would like to see the FED go away. I thought Ron Paul had it right on that score. We just keep piling on the regulations much like a doctor who gives his patient another medicine for the side effects the first medicine produced.
Nationalization of the banks and financial system was the plan all along. The only thing left to go is industry, aka the means of production, aka the next bailout. Hmmm, the government owns and controls the "money" and the means of production, and then...us! It's called "communism". Nice. Best always. PM
What has happened to our country? Run by crooks, thieves and traders (Traitors). What do we do about it? What can we do about it?
Yes Bill and Joel, The Fed, lets keep our focus on the Fed, who is controlled by who? Banks? Who are controlled by who? I don't know, but I think that they Control our Government and the more Woke(China controlled propaganda) a bank/business is, the more corrupt/China influenced they are.
It really doesn't matter what we Think is happening, because it is, but the real question is How do we stop it...
How do we stop this insane takeover of America? If the fact is, whoever controls the currency of a nation, controls the nation, well it seems pretty obvious what we need to do.
Starting Monday, make sure you're 100% in cash(out of the market). Ask everyone you know to go online, or to your bank, and take all of your money out of our corrupt banks(JPM, WFC, BAC, ETC...) and place that cash in Gold(ASAP):)
Then we all sit back and watch the market/corrupt world exchange, melt down...hopefully from a wonderful Bolthole that our precious host have been promoting over the past couple of years:)
Enjoy the show!
Perfect opportunity to get digital currency into the equation I reckon, solves the nasty problem of having to raise taxes the old fashioned way to pay for all their f....ups. Boy, we are all well and truly screwed - but most of Bill's readers knew that already.
"In the case at hand, the feds now say the bank’s wealthy shareholders will lose"
My understanding is that some large pension funds had a few shares. How long will it be before the pensions are claiming they need to be made whole!
Maybe ,if the everything bubble blows this country to pieces,and we land hard on ground zero, we will have firm ground to build it back with principle , ethics, morals, pride and a basic Constitution and Bill of rights.The sleezebags have heard their way,and now they can enjoy their ill-gotten profits.I agree with Ellen,its time to listen to Ron Paul and get rid of the Federal reserve.
The "shame" here is that in only one and a half generations we have gone from the dollar being attached to goods and services (manufacturing) to manipulation and derivatives (trading). Thanks Mark Hoffman for the 1Q23 trading view chart!
Joe Biden, Thief-In-Chief (TIC)
TIC - A blood sucking parasite
Now I understand the country is never "going back" to some preferred previous circumstances. It's all entropy from now on.
"The 2008 bank bailout, TARP, cost $500 billion." It should be noted that the government recouped from the banks the $500 billion of Troubled Asset Relief Program (TARP) funds (with a small profit being made) used for the bailout.
Maximum Safety Mode is indeed the mantra! I do feel compelled to point out that the Trump administration gutted the reforms made by Elizabeth Warren and Barney Frank.
Let the ‘’Magic Elixir’’ flow. Need some Mo to stock up on Mo Gold & Tequila Anejo, don’t you know. And why not some great BA steak & Malbec too. Just one more ride before the Damn Deciiders role out the CBDC.
Fibs, bald-faced lies, and statistics. (Mark Twain)
Am I the only person who finds it impossible to think with 12 and 13 digit statistics?
$124 billion (12 digits, 9 zeroes)
$4 trillion (12 zeroes)
It takes 5 minutes of processing to make that real. Like how much of the average middle class household's weekly income that represents? Half an hour? 3 days work?
We know where the money is going: to Robber Barons, the Filthy Riche.
But what does that actually take out of the average, middle-class bloke's pocket? More than he spends on lottery tickets at 7-11 each week? A half tank of gasoline? Electricity or groceries for a week?
The big numbers are disturbing, but more irritant than education. Please bring it down to the individual or household level.
Thanks for all you do.
Worm Farmer, I agree it is just that.They have a plan and its not in our best interests.
Hey Craig. The American electorate is so dumb down. It is mind-boggling.
They will vote for any free stuff. Where could these fools think the money comes from knowing the government has no money!