Monday, October 18, 2010
These TBTF banks do not create value or wealth. Zip. Nada. Their wealth derives from what they can suck out of the wage slaves below them who actually produce something of value. They can only grow if they can create ever more debt. Starve them of that ability and their bloated bodies will shrivel. With the exception of the out of control Federal Corporate Military bureaucracy, finding willing suckers for this debt is becoming ever more difficult. Their latest ploy to stay alive and be able to pay out ever more compensation has been to game the system to receive money at virtually no cost from their brethren Frat brothers at the Fed which they trade and leverage in their own ponzi casinos for their own benefit even as they are technically insolvent, zombies hoisted by their own petard. Collapse is inevitable.What is in doubt is what form it will take and over what time span.