Filmmaker James Patrick explains how banks can use YOUR securities to collateralize THEIR derivates contracts, thereby creating massive systemic risk.
by John Leake, Courageous Discourse
LewRockwell.com
In recent years I have often wondered if the constant drama—often deliberately produced and amplified by corrupt and inept governments—is a means of distracting our attention from the fact that those who work in the financial industry have become astronomically wealthy since the Financial Crisis of 2009, while the middle and working classes have struggled to keep up with the rising cost of living.
Especially suspicious in this regard have been the endless ravings about Racism and Russia that have been broadcast for the last several years.
Talking about Racists and Russians behind every bush was an easy way to distract attention from the fact that the Obama administration didn’t prosecute a single major Wall Street executive for fraud, even as solid evidence of vast Wall Street fraud emerged during the first years of his administration.