When it does crash, just like GM, those bailed out will be parties preferred by the government, AKA, the donor class, including corporations.
I’m not anti-corporation. I’m anti-corporate-government alliances.
There is no separation of church/state. But. There OUGHT to be a separation of free market/state.
I heard the host of a mechanic show Saturday talking about how all but $6 billion loaned to GM has been paid back. He went on to say “That’s chickenfeed.” I thought “This guy needs to stick to fixing cars.” It never crosses his mind that the taxpayers gave money to a private company so they could pay pensions to the union. Idiots like this is why we’re going down the tubes.
As I understand it when the crash happens the bailouts will have stopped working. The next thing will be a bail-in. It will be announced as a cyber attack, bank holiday or whatever they anounce it as and then take your savings, 401K, etc. Anything you have in a financial institution will be gone.