The Central Bank scam is going to doom us all.
Posted on 02/25/2016 6:02:19 PM PST by SkyPilot
Edited on 02/25/2016 7:08:41 PM PST by Admin Moderator. [history]
Silicon Valley may have plenty of millionaires, but the road to U.S. billionairedom is increasingly paved through finance.
Nearly 27% of all U.S. billionaires in 2014 worked in finance (read: hedge-fund managers and a few others), according to a study by Caroline Freund, a senior fellow at the Peterson Institute for International Economics, and Sarah Oliver, a research analyst at the Washington, D.C.-based think tank.
The Central Bank scam is going to doom us all.
This will not end well.
Before my dad retired after 39 yrs with the same large corporation, he said, “son, we don’t make anything anymore, we just push money around”.
Finance is the future for the US - embrace it.
He’s right, we don’t make anything anymore. The powers that be have kept the ‘finance’ scam going. Perhaps they will get away with it for awhile longer, but I doubt it.
I’m too old to care.
It’s ever been thus. And it will never change. No endeavor exists that doesn’t need to be banked.
For example, Zuckerberg is a fraud, an instant billionaire rewarded for mediocre programming, his billions were never earned but were created by Wall St. hedge fund managers that wanted to sell an IPO of stock. They all got rich riding a bubble on something that is easily replicated by others.
YouTube, at least, provides education and entertainment.
Here’s a YouTube of an American Icon who said it best:
https://www.youtube.com/watch?v=VeNDWW7Ms6Y
“You’re being conned into Keynesianism and socialism now, but it doesn’t really stop the selfishness of human behavior, it isn’t going to stop the greed, ....”
“If you give ... take twelve dollars and ... give a dollar to every sonofabitch in a room ... and come back a year later one of the bastards will have most of the money. I mean it’s just human nature and you aren’t gonna whip it with a lot of laws.”
Making things in the US is overrated. I don’t care about the American manufacturing sector as I really don’t think having a strong one will help with our long term prosperity.
Those retail and hospitality jobs will propel us into 3rd status.
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