Prins: System rigged, favoring “politically connected US and European banks”…

Global central bank policies have explicitly favored the Wall Street financial sector.  It is time to level the playing field…

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Nomi Prins: Crony Capitalism & Corruption – An Entirely Rigged Political-Financial System

ZeroHedge 11/16/2015   –  Via Jesse’s Cafe Americain,

Too big to fail is a seven-year phenomenon created by the most powerful central banks to bolster the largest, most politically connected US and European banks. More than that, it’s a global concern predicated on that handful of private banks controlling too much market share and elite central banks infusing them with boatloads of cheap capital and other aid.

Synthetic bank and market subsidization disguised as ‘monetary policy’ has spawned artificial asset and debt bubbles – everywhere. The most rapacious speculative capital and associated risk flows from these power-players to the least protected, or least regulated, locales.

There is no such thing as isolated ‘Big Bank’ problems. Rather, complex products, risky practices, leverage and co-dependent transactions have contagion ramifications, particularly in emerging markets whose histories are already lined with disproportionate shares of debt, interest rate and currency related travails.

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Prins:  “I’m talking about an entirely rigged political-financial system.”

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It is time to get the system “de-rigged.”

That means direct liquidity extensions to U.S. citizens to eliminate vast tracks of debt obligations to the banking system, particularly the large, politically-connected banks.

And here is the one and only plan to make that happen – via a Citizens Credit Facility:

The Leviticus 25 Plan 2015 –  $70,000 per U.S. citizen                                                   The Leviticus 25 Plan 2015 (1206)

 

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