Jaw-Dropping Account About How The Terrifying Endgame Is Unfolding In Real-Time
KingWorldNews.com
May 19, 2016
With a wild start to the 2016, today a legend in the business sent King World News a powerful piece about how the terrifying endgame is unfolding in real-time.
The Terrifying Endgame
By John Ing, Maison Placements
May 19 (King World News) – Former Obama Chief of Staff, Rahm Emanuel, once said, “never let a serious crisis go to waste.” During the 2008 panic collapse, the US government bailed out big business, took over General Motors, fattened the big Wall Street banks and even nationalized mega institutions Fannie Mae and Freddie Mac. As a result, government became even bigger with an insatiable appetite for revenues and to no surprise, the economy remains in a funk. Eleven states in the US now have more people on welfare than they do employed. No wonder there is a populist backlash against Wall Street because today, the “too big to fail” institutions became not only bigger but, “too big not to fail.”
Since 1997, the six biggest banks in the US and Europe increased their assets almost five-fold. Today the banking sector is at the crux of foreign exchange trading, derivatives and overseas lending. And despite rounds and rounds of rate rigging settlements, Wall Street’s complex financial alchemy was again used to disguise their liabilities allowing big business to play an outsized role with trillions of complex structures reducing the clarity where risk lies. The upshot is that these products in Frankenstein-like fashion once turned on their creators in 2008 but today pose a bigger risk – haven’t we learned anything?…
The Rest…HERE
