Saturday, February 27, 2016

Must Read

This is part of what happened to me after 2008, as I became aware of the gaps between what was being announced and reported and what was actually happening.

When the market cracked, about two trillion no one but the top execs on Wall Street and the Fed and friends knew about etc..., got us and the rest of the world out and up and up.

The CEO's of Wells Fargo and Wachovia didn't tell their brokers, especially Robert Steel, who was Undersecretary of the Treasury right before he took over Wachovia and knew about most of the shebang.

It was fake, but it got the global economy going again, except on monetary heroin instead of however one wishes to define the "free market capitalism" of the era.

Whatever big they do this time, it certainly won't work as well as the first few.

No one went to jail, but I got to meet Billy Jones.