Posted on 02/05/2014 5:32:42 AM PST by blam
Is Anyone Really Surprised That The System Is On The Brink Again?
Phoenix Capital Research
Zero Hedge
02/04/2014 15:07 -0500
We find it truly extraordinary that anyone is surprised the financial system is under duress again.
After all, what have the Central Banks accomplished in the last five years?
1) Did they clear out the bad debts that caused the 2008 collapse? NOPE
2) Did they implement structural reforms to insure another 2008 didn’t happen? NOPE
3) Did they punish fraud or corruption in any way to insure that the system was clean? NOPE
So what did they do?
They cut interest rates over 500 times and funneled over $10 trillion into the financial system, over 98% of which went to the very players (key banks) who nearly blew up the world in 2008.
And people are actually surprised that the system is back in trouble again? Would you be surprised if giving another shot of heroin to a drug addict who was in a coma didn’t bring him to health?
Honestly, did anyone think this would really work? I know that the connected elites loved it because the whole process allowed them to hand off their garbage investments to the public while leveraging up to acquire more assets via the Fed’s cheap money… but what about those who DON’T work for a top 20 global financial institutions? Did anyone actually believe this would work?
So here we are today, Europe’s already insolvent banks are now potentially on the hook for $3 trillion in Emerging Market investments.
When your entire banking system is leveraged at 26-to-1 it really doesn’t matter who you lend to… you’re bust. But in this case, the bad emerging market investments are just the icing on the rotten cake that is Europe’s banking balance sheets.
(snip)
(Excerpt) Read more at zerohedge.com ...
Very interesting post. If what makes a nation great ends up being its ruin, America is now facing that. We were founded as a nation of laws and find lawyers our masters.
Might I suggest that the Occupy movement has ZERO understanding of what they protest. These are without doubt the dumbest people to ever inhabit any movement ever, the cream of the progressive crop in ignorance, and one of the most lawless, outrageous groups ever.
To think the tea party would be in the same sentence with them about anything is very strange, I don't understand why I'm seeing this on FR.
Banks wrote off 10s of billions in bad debt. There were tons of foreclosures.
2) Did they implement structural reforms to insure another 2008 didn’t happen? NOPE
US banks raised billions in new capital and you can bet your ass they aren't rushing into silly lending to poor credit risks.
3) Did they punish fraud or corruption in any way to insure that the system was clean? NOPE
The government would need to reduce their interference to clean up the system. Fannie and Freddie are still standing, so nope.
They cut interest rates over 500 times and funneled over $10 trillion into the financial system, over 98% of which went to the very players (key banks) who nearly blew up the world in 2008.
Yeah, short term, repaid loans are scary.
And people are actually surprised that the system is back in trouble again?
Trouble, where?
I know that the connected elites loved it because the whole process allowed them to hand off their garbage investments to the public
Which ones?
while leveraging up to acquire more assets via the Fed’s cheap money
Nobody is borrowing cheap money from the Fed.
So here we are today, Europe’s already insolvent banks are now potentially on the hook for $3 trillion in Emerging Market investments.
Yeah, Europeans are stupid.
I keep saying/writing the same $hit.
Only a small minority care. The rest ‘rationalize’.
It’s maddening...
I'm going to have to ask you to explain that one... The Original Thirteenth Article of Amendment To The Constitution For The United States
This was sent to me by a friend..No link but I can ask where it came from(although we all know how true this is)it does have a name of the person that wrote it at the top of page..
After reading this I really wanted to share so others eyes can be open to these criminals..
Thailand?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
