Friday, January 22, 2010

Economic Crisis, in Today's News 01.22.10

Economic Crisis. The Obama administration proposed new limits yesterday on the size and activities of the nation's largest banks with the aim of reducing high-risk investing, and as a result the stock market crashed and the Wall Street Journal has a four-column page one headline today.

But, there is nothing new here. This type of proposal has been a central cryptocracy goal from the beginning of the economic crisis. Just last week Paul Volcker, who was present when Obama made the proposals, called for breaking up banks that do traditional banking and high-risk investing. Volcker is a prime spokesperson for the Rockefeller and Rothschild interests.

The cryptocracy is risk-adverse. They much prefer to set things up so that their wealth-production goes smoothly. They are willing to manipulate any and all factors to assure their profits are not at risk.

The cryptocracy therefore is not too happy when some of the key institutions that they use to control the nation's economy engage in investing activities that have the possibility of undermining the institution (read bank). They have been working for a couple of years now to find a way to prevent the banks from such high-risk investing.

The banks on their part resist because the high-risk investments can result in high-reward profits, which in turn mean big incomes for the bankers. 

The cryptocracy appears to have had enough of this nonsense. They are doing their best to change this situation. They want to reduce the high-risk investing and trim the bonuses and high salaries that create an incentive to do the high-risk activities.

The impression is given that the new proposals are more of Obama's heavy hand. But, he is only doing what he is told. That the cryptocracy is pushing this change so persistently and loutishly gives an indication of how seriously they think the situation is. They are very, very serious about there being no threat to their wealth.


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