Welcome back to another deep dive into the less visible, yet alarmingly impactful realm of our financial system. I’ll be guiding you through this with an old-school touch — just me, my voice, and a series of slides that unravel a story of complexity and, dare I say, deliberate obfuscation.
We began our journey with derivatives in part one, and if you’re returning, you know we scratched the surface of an immense topic. The staggering figures of unfunded liabilities, debts, and derivatives — numbers reaching into the quadrillions — are not just abstract digits. They represent a fuse to an economic bomb that was lit over a decade ago, and we’re all tied to its eventual blast.
It’s no secret anymore that the rules of this high-stakes financial game were re-written in the shadowed corridors of power by the supposed guardians of the banking system. The proverbial foxes guarding the henhouses.
Take the Dodd-Frank Act; it’s dressed up in the rhetoric of reform, but don’t be misled. These laws were crafted by bankers, for bankers, ensuring that when the chips fall, it’s not their pockets that will be emptied. The operative question of our times is “Who’s going to eat the losses?” and the bankers have, once again and predictably, pre-crafted the ‘rules’ to assure it’s not them.
The unfortunate truth is that in the United States, the financial rulebook is designed to outmaneuver you, the average citizen.
by vtgothic