When the sovereign debt crisis arrives in a few years ( I can't predict when, but its a mathematical certainty) remember these names:
The Primary Dealers of Government Debt are:
- Bank of America
- Barclays Capital Inc.
- BNP Paribas Securities Corp.
- Cantor Fitzgerald & Co.
- Citigroup Global Markets Inc.
- Credit Suisse Securities (USA) LLC
- Daiwa Securities America Inc.
- Deutsche Bank Securities Inc.
- Goldman, Sachs & Co.
- HSBC Securities (USA) Inc.
- J. P. Morgan Securities Inc.
- Jefferies & Company Inc.
- Mizuho Securities USA Inc.
- Morgan Stanley & Co. Incorporated
- Nomura Securities International Inc.
- RBC Capital Markets
- RBS Securities Inc.
- UBS Securities LLC.
These are the banks that control the world.
They lend us our own money back with interest and they buy politicians election campaigns to enable their own regulatory agenda to expand and grow taking a piece of all productive entrepreneurial parts of society. Banks are the number one donors to most political parties in western democracies.
They control government through the bond market and they control YOU through your mortgage interest, food, heating and oil prices (which they manipulate to profit). Think about what your biggest expenditures are on....
Taxes: 60-75%% of your income if you include VAT, income tax and stamp duty - go to pay our debts, are largest welfare expenditure is pensions where they earn their hidden commissions, purchase of infrastructure is via debt
Shop prices are a function of rents and bank charges - most property is owned by banks through debt. The prices they charge increase as rents increase. Rents and employees will be their largest costs.
They are bailed out whenever they get anything wrong so the incentives are always to never get caught and take the largest risks possible.
These are the controllers of your fortunes forget about fate, government and God. Your day to day life is governed by the group of people who control these banks. 80% of everything you are able to do, what you can buy, what you can afford to buy your kids, where you live, and what you eat.
The people who understand this early on are the people who want to live life "off the grid", they realise what is happening but society treats them like they are crazy. If you point out that you live in the "matrix" everyone would think you are crazy too.
The matrix like existence we all live in is a kleptocracy for the few with owners of capital giving people the illusion of freedom. Freedom comes when decisions are out in the open, when the people in power care about the majority rather than minority; when we can all name and shame individuals who try and game the system and they suffer real costs for doing so.
This debt cycle has happened time and time again since earlier than 500AD...Bankers were hanged and cities were burned when people found out the truth (feel free to look it up). Each time the bankers move and setup in new Cities, Greece--> Rome --> Venice --> Netherlands --> Britain --> USA --> China next? The cities they leave behind become a relic to the more hedonistic days when bankers used other people's money to create and build infrastructure for themselves. Its so obvious we need unilateral controls on banking that its almost hilarious but as long as the small minority control the system and the silent majority buy into it there is nothing we can do.
No comments:
Post a Comment