This analysis sums up the global Central Bank financial model dynamics that led the world into the Great Financial Crisis of 2007-2012.
Financial Blogger, Matt Taibbi (TAIBBLOG – May 8, 2012):
- Let banks inflate massive asset bubbles with the aid of cheap or even free government cash, and tons of leverage;
- Before it all explodes, carve out gigantic sums for bonuses and compensation for the companies that inflated those bubbles;
- After it explodes, get the various governments to bail those companies out;
- Pay for it all by slashing services to what’s left of the middle class.
This is the model we used in America. We had a monster asset bubble based on phony mortgages, which Wall Street was allowed to inflate to spectacular dimensions with minimal reserve capital, huge amounts of leverage, and tons of fraud for good measure. When that bubble exploded, we first rescued the banks who inflated the thing in the first place…
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The Leviticus 25 Plan – An Economic Acceleration Plan for America
$75,000 per U.S. citizen – Leviticus 25 Plan 2018 (2898 downloads)