MW: December 29th, 2014
"Bernanke: We saved the world, from us - we replaced subprime with higher quantities of cheaper debt. It was all a very delicate operation..."
Global Central Banks "fixed" their subprime cheap money experiment, by offering even cheaper money. The details of this remarkable "plan" are as follows:
Offering 0% loans in place of 1%
Bailing out lenders by increasing the debts of borrowers
Publicly "socializing" Wall Street's losses stemming from their bets against the Middle Class
Replacing subprime at the personal level with subprime at the sovereign level
Squandering $33 trillion of global "stimulus" directly into offshore bank accounts
Giving full cover to the Corporate Estate Sale aka. Shock Doctrine
Holding no one accountable for the worst financial crisis since the 1930s
Reforming nothing
Giving full cover to Wall Street's political stooges for two more terms
Giving full cover to Wall Street's political stooges for two more terms
Making too big to fail, far bigger
Subsidizing speculation and leverage to unprecedented levels
Subsidizing *special* dividends and buybacks at the expense of real investment
Subsidizing industry automation of jobs at 0%
Harvard's Masters of Disaster have done it again. The stoned masses are just grateful to be able to focus on missing airliners instead of the missing economy.
Harvard Risk: 100x Lehman
Harvard Risk: 100x Lehman
