The big banks are abusing their control over money

[blazespinnaker]

http://www.epi.org/analysis_and_opin...x_to_regulate/

I suppose this fact is rather obvious, but I've never actually seen it said anywhere exactly.

Big banks know where the money is and what it's doing. They shuffle it around so much in one big shell game, everyone else is left with no clue as to where it has ended up.

Goldman Sachs is obviously one of the best shell game players.

It's true that sports players make a lot of money as well, like Obama says, but at least they're honest about it. We know what they they're doing and we have only ourselves to blame.

But with the banks and their shell game ... we have no CHOICE .. we have to play. If we don't, we could lose all our money to inflation.

So the system is rigged in such a way that the banks can just obfuscate things so much and then walk away with our wallets without us even knowing it.

The problem is not RISK, the problem is complexity and the ability for banks to use that complexity to rob us blind.

[jtabeb]

Re: The big banks are just master shell game players that we're forced to compete with

http://www.epi.org/analysis_and_opin...x_to_regulate/

I suppose this fact is rather obvious, but I've never actually seen it said anywhere exactly.

Big banks know where the money is and what it's doing. They shuffle it around so much in one big shell game, everyone else is left with no clue as to where it has ended up.

Goldman Sachs is obviously one of the best shell game players.

It's true that sports players make a lot of money as well, like Obama says, but at least they're honest about it. We know what they they're doing and we have only ourselves to blame.

But with the banks and their shell game ... we have no CHOICE .. we have to play. If we don't, we could lose all our money to inflation.

So the system is rigged in such a way that the banks can just obfuscate things so much and then walk away with our wallets without us even knowing it.

The problem is not RISK, the problem is complexity and the ability for banks to use that complexity to rob us blind.

This bullshit stops or everything breaks and the world ends up going to hell in a handbasket. It is as simple as that.

[blazespinnaker]

Re: The big banks are abusing their control over money

I'm certainly beginning to see the appeal of Gold.

However -- I think Warren Buffet understands it best:

Buy whole businesses that you understand.

[Charles Mackay]

Re: The big banks are abusing their control over money

Obama's analogy was a poor one. The financial oligarchs are destroying the western world.... baseball player's are not.

The good thing about Obama's flip flop is that it is right there for anyone who has two eyes to see who owns who.

[jtabeb]

Re: The big banks are abusing their control over money

Obama's analogy was a poor one. The financial oligarchs are destroying the western world.... baseball player's are not.

Don't forget to add "AND using taxpayer provided funds to do it!!"

[Down Under]

Re: The big banks are abusing their control over money

Obama's analogy was a poor one. The financial oligarchs are destroying the western world.... baseball player's are not.

And, I'd argue, that at least the baseball players are providing some value for money.

[Jay]

Re: The big banks are abusing their control over money

I'm certainly beginning to see the appeal of Gold.

Holy crap, stop the presses. Contrary indicator? ;)

[Slimprofits]

Re: The big banks are abusing their control over money

http://www.americanbankingnews.com/2...-of-idle-cash/

Major United States Lenders including Citibank (NYSE: C), Bank of America (NYSE: BAC) and JP Morgan Chase (NYSE: JPM) are sitting on as much as $1.29 trillion in cash, or about 98 cents for every dollar on existing business loans, according to new data from Bloomberg.

The banks’ ratio of available capital to corporate debt has increased by more than 400% since June 2008 when the capital ratio was 21 cents in cash for every dollar in business loans. During that period, corporate loans also shrank by 14% to $1.32 trillion as bankers tightened lending standards to lower default rates and meet new demands for higher capital ratios by regulators to improve their liquidity.

[blazespinnaker]

Re: The big banks are abusing their control over money

Holy crap, stop the presses. Contrary indicator? ;)

I see the appeal and why people believe Gold as a good idea.. A gold backed currency would be theoretically more immune to the machinations of Wall Street .. though sometimes I wonder about that.

Anyways, I'm taking a different approach. I'm trying to invest in businesses I can control that deliver cash flow that should be somewhat safe when inflation hits.