Has anyone besides me wondered what happened to the documented accusations about Ray Dalio and his Bridgewater fund management operation? The allegations were out there and it was big news for about a day. I would appear to have been quickly covered-up and the media has been given a “leave it alone” warning.
It’s been my view since circa 2003 that “they” would hold up the system with printed money and credit creation until every last crumb of middle class wealth was swept off the table and into the pockets of those in position to do the sweeping: Corporate America, the very wealthy (“wealthy” = enough disposable cash to buy a few politicians and Federal judges) and the political elite – the latter of which are compensated pawns for the first two cohorts. You can call yourself a “one-percent’er.” But is you don’t have the kind of cash lying around that it takes to bribe high level politicians (i.e millions), you are middle class. Who are “they?” Here’s a great description:
Look at Obama – perfect example. Obama delivered nothing on his original campaign promises. He was going to “reform” Wall Street. But the concept of Too Big To Fail was legislated under Obama and Wall Street indictments/prosecutions fell precipitously from the previous Administration. Obama was supposed to clean up DC. What happened there?
Obama left office and entered into a world of high six-figure Wall Street-sponsored speaking engagements and to live in a $10 million estate in Hawaii paid for by the Chicago elite (Pritzkers etc). Now Obama will be paid off $10’s of millions for his role in aiding and abetting the transfer of trillions from the middle class to the elitists. Look at Bill and Hillary – need I say more? Trump has reversed course on his campaign promises twice as quickly as Obama. Almost overnight after his inauguration, Trump became a war-mongering hand-puppet for the Deep State’s “Swamp” creatures.
The media has been willingly complicit in this big charade. Much to my complete shock, Brett Arends has published a commnentary on Marketwatch which, from an insider, warns about the media:
Do you want to know what kind of person makes the best reporter? I’ll tell you. A borderline sociopath. Someone smart, inquisitive, stubborn, disorganized, chaotic, and in a perpetual state of simmering rage at the failings of the world. Once upon a time you saw people like this in every newsroom in the country. They often had chaotic personal lives and they died early of cirrhosis or a heart attack. But they were tough, angry SOBs and they produced great stories.
Do you want to know what kind of people get promoted and succeed in the modern news organization? Social climbers. Networkers. People who are gregarious, who “buy in” to the dominant consensus, who go along to get along and don’t ask too many really awkward questions. They are flexible, well-organized, and happy with life. And it shows.
This is why, just in the patch of financial and economic journalism, so many reporters are happy to report that U.S. corporations are in great financial shape, even though they also have surging debts, or that a “diversified portfolio” of stocks and bonds will protect you in all circumstances, even though this is not the case, or that defense budgets are being slashed, when they aren’t, or that the U.S. economy has massively outperformed rivals such as Japan, when on key metrics it hasn’t, or that companies must pay CEOs gazillions of dollars to secure the top “talent,” when they don’t need to do any such thing, and such pay is just plunder.
The News Media Is Worse Than You Think – This is good to read to because it confirms my worst suspicions: The system behind the “curtain” is more corrupt than any of us can imagine.