May 29, 2009

I've been sounding this trumpet for three decades

Karl Denninger, who regards Federal Reserve Bank haters like Ron Paul as slightly insane, points out clearly that the current economic crisis is a completely manufactured crisis designed to benefit a small number of people. Remember, every time someone loses money, someone else makes money. All the value lost in the stock market, the real estate market, and your personal 401k over the past six months is now lining the pockets of a small number of people who already have more money than they could ever spend. The Saudi Royal Family, the Ruling Council of the Chinese Communist Party, and old-money families around the world have all profited from your loss.

Are you really going to let them get away with it?