Captain Hook
Subterfuge, illusion, and misdirection - this is what the bureaucracy perpetuates on the public every day. Please look over here at the giveaways and presents we have for you while we continue to defraud your children out of a future - all for the greater good you know. Not surprisingly then, the net result of all this is an increasingly debased society, which accounts for our willingness to allow the same for the currency. Quite literally, one couldn’t make this stuff up if you tried, such supposedly wealthy and educated people willing to give up their liberties so easily, but at the same time this has all happened before (think Rome - Bread And Circuses), just not on this scale. And nobody wants to touch the subject matter because it’s just that ugly, a dark reflection on what we have become. A society of gamblers and drug addicts who need a variety of fix every day just to get by.
By extension then, this tendency is seen within investing habits as well, where once conservative markets have literally turned into casinos, with all caution thrown to the wind. And it’s important for you to recognize this, that present trading mechanisms are not ‘markets’ anymore, but instead ‘betting parlors’, which accounts for the unbridled growth of derivatives and toxic paper contracts designed to swindle your money in being heavily in favor of the house. Certainly the most flagrant example of this is found in the rise and fall of various toxic securitized real estate debt schemes perpetuated by ‘the establishment’ that helped blow that bubble up far greater than ever should have been allowed. Having worked through the initial effects of subprime in the markets for the most part at present, which has finally set our corrupt financial community on the road to ruin where it belongs, process continues to unfold in this regard.
Oh yes, and corrupt they are, our present day financial community, and more. They are bold and reckless as well. Exactly how bold and reckless are they, and why should this matter to you? If I may, I would like to borrow from one of Jim Sinclair’s recent dispatches that sums the situation up nicely in my opinion, as follows:
“The banks think that they have established the principle that if they over borrow enough, if they are reckless enough, if they expand enough, they become “too big to fail” and their losses will be borne by the taxpayers and all holders of the currency, while they keep their personal profits and bonuses.”
So you see, the reason one should care about this is in adding insult to injury, an equally corrupt bureaucracy expects the public to pay for the financial community’s excesses on the premise to do otherwise would level the system. Talk about holding a gun to your head, no? And of course this is in fact the situation, while at the same time banks and the bureaucracy also conspire to suppress precious metals to remove alternatives for those who contemplate exiting the system. In a nutshell then, the markets and financial system are a function of the government sponsored Ponzi Scheme (the largest ever — known as the Fed) being perpetuated by the banks, now intensifying as an implosion approaches. More
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