Mike Krieger Explains Central Planning for Dummies

Zero Hedge ^ | April 5, 2012 | Mike Krieger

[Errant]

For several years now I have been sounding the alarm that if you want to be engaged in the financial markets you need to assume that markets are being managed (rigged) more aggressively than at any moment in any of our lives. The Bernank and others on Wall Street and the District of Criminals understand that the situation is pretty much hopeless.

[Errant]

[GraceG]

Nuff said!

[SatinDoll]

“Nuff said.”

Hardly.

What the Federal Reserve has managed to do is transfer all the crappy bets and poor investments of banks onto the backs of taxpayers.

From Mike Krieger of KAM LP:

“The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

Globalization, baby!

The Bush family loves this stuff, as do the Romneys. The rest of us get, well, screwed.

[ConjunctionJunction]

Pfl.