Nut-job Conspiracy Theory Ping!
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Posted on 02/19/2014 4:06:26 PM PST by SeekAndFind
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
I'd say Alan Greenspan, ultimately. Banking used to be a pretty conservative, stale industry. But that changed when Greenspan was head of the Fed. While he was praised at the time for continuing to lower interest rates over the years, it made it more and more difficult for banks and others to make money on interest. The result of which is that they had to pursue riskier and riskier ways of getting a return. This also punished prudent behavior of the old bankers, and ushered in a new generation of psychopathic risk junkies. Instead of turning down people with bad credit for loans, subprime people became the most valued customers. And the subprime loans was tame, because they have been involved in a lot of illegal activities as well.
Eventually they ran out of subprime people, and crashed. But today's environment is worse for bankers than before. They escaped punishment for a lot of their illegal schemes, but that is ending as well. JP Morgan itself has been fined at least $20 billion dollars this last year for illegal schemes. And one of the schemes just coming out is FX fixing, which is where two of the deaths are. Right now the bankers are in a bad situation, because regulators are finally starting to prosecute and fine banks for their illegal schemes, yet interest rates remain low, so they can't make money honestly. They can't survive like this. Expect some big banks to finally go under in the next few years.
Dang. Good graphic didn’t post.
You can see it by copying this link to your address bar:
http://joeforamerica.wpengine.netdna-cdn.com/wp-content/uploads/2014/01/bank-run.png
Did Greenspan give classes on how to shoot yourself multiple times with a nail gun? He may be more talented than I thought.
Would people be getting shot with nailguns if business was doing well?
Came through loud and clear...thanks Nully.
If business were going well, they would be shooting themselves three times with a shotgun. Times are tough. Shells are expensive.
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They’d be doing back of the head, shotgun trick-shot suicides. Like the Clinton years. Good times, good times.
I have been watching these announcements and it is really odd. Looks a lot like the P2 ‘suicides’ decades ago
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