Americans are an amazingly insouciant people. By now any other people would have burnt Wall Street to the ground. – Dr. Paul Craig Roberts, article link below
Anyone with a pulse knows by now that the U.S. Government, in conjunction with the Fed and Wall Street, rigs every economic report just like it rigs every market. When I first started getting involved in the precious metals markets back in 2001, the market manipulators at least tried to camouflage their activity. Now they openly lie about everything and blatantly intervene in every market. They no longer attempt to hide their activities. The fraud, corruption and open theft truly is the mark of a collapsing Empire.
Dr. Paul Craig Roberts just published a piece which describes the giant Ponzi scheme affectionately referred to as America:
Capitalism has been transformed by powerful private interests whose control over governments, courts, and regulatory agencies has turned capitalism into a looting mechanism. Wall Street no longer performs any positive function. Wall Street is a looting mechanism, a dead-weight loss to society. Wall Street makes profits by front-running trades with fast computers, by selling fraudulent financial instruments that it is betting against as investment grade securities, by leveraging equity to unprecedented heights, making bets that cannot be covered, and by rigging all commodity markets.
I would encourage everyone to read Dr. Roberts’ commentary: The US Economy Is A House Of Cards
My only disagreement with him is that it’s not just the economy, it’s the whole damn system.