As the curtain falls on the reality that a corporate coup has occurred in America and is attempting to take firmer grip here and around the world, the illusion known as western civilization is increasingly revealing its fragility. As I’ve noted before, as the ruling elite become more brazen they only awaken more people to the surreal puppet-show we all live in. Not all bankers are banksters, and almost nobody who works for a major corporation is a parasitic psychopath (or most people would be). But America is seeing more and more that The Crooks have brazenly taken over, and following full realization, mass public resistance is inevitable. As evidenced by stories like these, the ruling elite is taking note that a mass human awakening is severely threatening their exploitative global model. But for now, they’re pressing on harder than ever.
Take, for instance, Obama’s appointment of Citigroup alum Jack Lew as Treasury Secretary. His predecessor, Tim Geithner, has a colorful history of crony capitalist corruption. For example, it was recently revealed that as President of the NY Fed he was feeding inside tips to Megabank CEOs so they could make instant millions on the illegal information. So what of Jack Lew? Well, he was head of Citi’s Alternative Investment unit in 2006, which hid risky instruments off the bank’s balance sheet and sold “toxic investments” to Citi’s own clients. In other words, he was one of the very bankers whose unrepentant disregard for ethics, morals and the rule of law helped push the world into recession in 2008.
Then in the wake of the crisis, Citigroup raked in billions from the American taxpayer during the “bailout” stick-up orchestrated by the politicans and “Too Big To Fail” banks. Steal a candy bar, go to jail. Steal millions and then help shake down the public for billions more, and you might become Secretary of the Treasury. The point is, the American people are finally seeing the pattern and because of this awareness I don’t think as a whole we’re going to fall into line when the next crisis arrives. The only question is, what happens when critical mass is reached? It’s no wonder bankers like JPMorgan CEO Jamie Dimon are telling us we don’t need to understand how banks work: If enough people fully, deeply realize that the entire financial system is a con game for elites and their cronies, people like Jamie Dimon will find themselves riding the proverbial pitchfork almost overnight. But even if he was right, shouldn’t the SEC know how banks work? According to Pulitzer Prize-winning journalist Jesse Eisinger not even regulators, investment managers or sometimes bankers themselves understand all the different ways financial firms make money…it’s hocus-pocus. And with a housecat out-performing professional money managers in a stock-picking game, it’s not surprising the system is so widely miunderstood even from deep within.
I’ve theorized that the next major financial crisis could easily occur during Obama’s second term. In the clip below investor Kyle Bass, famed for predicting and then profiting from the subprime mortgage crisis, describes a conversation with a “senior Obama official” who allegedly told him the administration plans on cheapening exports by killing the dollar:
With banks now being declared “Too big to jail” by the hacks at the US Justice Department, one has to wonder what banks will say when the next crisis occurs. With the criminality so brazen and transparent, will they have the audacity to demand more bailouts and continue calling themselves “engines of job creation” and “the backbone of the economy”? I think we will learn in time from what Iceland’s president said at DAVOS last week, that Iceland is recovering because they “didn’t follow the traditional prevailing orthodoxies of the Western world of the last 30 years…we let the banks fail.” He then states that “The theory that you have to bail out banks is a theory about bankers enjoying, for their own profit, their success, and then letting ordinary people be the failure through taxes and austerity. And people in enlightened democracies are not going to accept that in the long run.”