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Saturday, 3 May 2014

Economic Tapeworms......................from Rico

It's bad enough that the purchasing power of a 1913 penny is now matched by the purchasing power of a 2013 dollar thanks to the parasite known as the FED, but the current (mis)administration continues to outperform Grant's for cronyism and corruption.

Here's some "fundamental transformation" to chew on.

Wall Street has been fundamentally transformed from a capitalist wealth creator into a looting mechanism and economic tape worm.

- Front running trades with computers (and manipulating markets with algorithms and high frequency trading), selling fraudulent financial instruments as investment-grade securities (that it bets against), leveraging equity to nose-bleed levels for bets than cannot be covered, and rigging the commodities markets is the hallmark of today's environment.

There is NO control by the current regime.....er, government, courts, or regulatory agencies...and as a result there are no serious consequences for rigging everthing to make money while cleaning-out the Muppets.

Everyone who is 'connected' is getting rich and it is all great good fun...until the worm turns and the perp walks begin.

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