(the teleprompter is out of order)
In All The Presidents’ Bankers, Nomi Prins tells the story of the merry-go-round between bankers and presidents, ~ but ignorance is strength.
Pre-meltdown, “Complex Financial Instruments” were the pride and joy of the experts, nothing much has changed.
Janet M. Tavakoli explains some terms and numbers.
The Fraud Triangle: Need, Opportunity, Rationalization.
The total Global Economy ~ 71 trillion, – but interest rate swaps OTC derivatives are “worth” 560 trillion, – 7 trillions traded every day.
Ending world poverty costs $175 billion * 20 years, – but that’s communism, we much prefer the vile maxim.
By the ways Lockheed-Martin shares from 2000 to date are up 930%
Our own “theatre director” has replaced journalists with news children (21). It’s not the truthiness, but how it looks.
The latest MSMBS World Headlies
And the politicians continue to debate concocted problems, – from which they miraculously save us. The rest go into the Too Difficult’ Box . Then the D’s Go Marching In: Deflect, Delay, Deny, Discount, Deceive, Divide, Dulcify, Discredit, Destroy, and Deal.