Posted on May 22nd 2017
Financial System Collapse
By Alex Linder
[ The following is from a blog posting. ]
Financial System Collapse
Watch or read The Big Short (2015). Complete collapse of the system was staved off by the bank bailouts combined with the easiest monetary policy in human history. But the system was not fixed. Far from it.The new stock market highs we are seeing today are not the result of a strong economy, but rather, a perilously fragile one that is subject to the very same catastrophic failure that was narrowly averted in 2008. That's Vox Day. I share his opinion. The libertarian view of these things is right: the Fed is the ultimate cause of these bubbles and collapses. Legitimate economic development follows frugality, wisdom, prescience, hard work, savings - reinvestment for return. Not a bunch of kikes counterfeiting money, giving it to biggest banks, and passing it on to worthless fake students and uncreditworthy 'minorities.' And then bailing out those banks when they fail. That's coerced malinvestment, and it's antiWhite because whites are the ones who play by the rules, compared to jews cheating at the top and discoloreds cheating at the bottom. One of the best points was made by somebody, I forget who, that when you get away from hard money, you force everyone to be a speculator because their money is continually losing value. This has moral effects that are not easily undone. When you can't trust the most basic things, it leads to cynicism and hopelessness. A feeling that money, like everything else, is rigged against you. This is indeed how it is in 2017.