Saving the Banks On the Back of the Real Economy

IMG Auteur
Published : January 22nd, 2016
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Category : Opinions and Analysis


The US has been in a cycle of bubbles, busts, and crashes since at least 1995, and more likely since Alan Greenspan became the Chairman of the Federal Reserve in August, 1987.

The cycle is the same, only the depth and duration seems to change in a continuing 'wash and rinse' of the public.

And we keep seeing the same faces turning up, and the same advice and policy being given, over and over again.  And there is no genuine change, reform, or hope.

It has become a machine for transferring income, wealth, ownership, and power to the very top.

How long can this type of top down policy mismanagement and abuse of public trust continue?

Down to the remnants of the real economy, and the last remaining member of the middle class.

 

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