Keiser believes that, instead of the bubble popping, the entire stock market may be taken private through a process called leveraged buyouts. By that he means the largest corporations will borrow money created by banks out of nothing to purchase controlling interest in their corporate competitors. To get the money, the borrowers pledge the assets of the to-be-acquired companies as collateral for the loans. After the companies are acquired, the buyer sells off bits and chunks of the assets of the acquired companies to pay off the loans.
When the process is done, the acquired companies are no longer competitors and, in fact, may not even exist; the buyer has made a huge profit, the banks have collected a huge amount of interest; the marketplace is another step away from free enterprise capitalism and a step closer to a new form of feudalism in which there are economic lords and serfs with no middle class. Already, 83% of the stocks traded are controlled by 1% of the population. When that figure becomes essentially 100%, the stock market will be private. -GEG
The Fed balance sheet is $4.5 trillion, not $4.5 billion.
The feudal peon had it better then Americans do today. At least Henry VIII gave them on “out” from “commerce”.
The fact is: Financial investement schemes are gambling activities at best for the ‘little guy’. But for those who control the market, they are mafia rackets.
Result: All transfer of ownership was accomplished by lawlessness not by morally right means. All governments run gigantic, multi-tiered, broad-based money laundering operations. You can’t loose when you’re on top of that pile.
So who will hold them accountable? Surely not the (bought and paid for) UN officials!
We’ve been living in feudalism for a long time.
since before recorded history, the rich have always screwed the poor, always have and always will.