Tag Archives: asset bubble

Globalists: Looting Your Pension Money

Kiss Your Pension Fund Goodbye

Martin Armstrong: 

William K. Black :

“Why have a totally fraudulent financial system? Dr. Black, who is an expert in white-collar crime, says, “It’s hard to make money with competition.  It’s really hard.  People who have never been in business don’t understand how hard real competition is.  Real competition makes it hard to prosper, but if you rig the system, it makes it easy.  The reward for rigging is phenomenal.  We are talking every year, hundreds of billions of dollars in bonus compensation.  It’s far more than their straight salaries, and it is going to folks that it wouldn’t go to them if they didn’t rig the system.  And, no one is prosecuted.  They don’t even give back the fraud proceeds, even when they catch them red-handed.”

This means that when banks donate to top candidates in both parties, they are donating fraudulent banker profits. So, both the political system and the financial system are based on fraud.  Can fraud destabilize the entire system?  Dr. Black, who is also a professor of both economics and law at UMKC, says, “Obviously, it is the worst possible thing to do in terms of stability.  The way you rig these things doesn’t just make you wealthy, it creates asset bubbles, massive asset bubbles, the biggest in history...”

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Reality Bullseye archives: Banking