Quote from: miscreanity on February 13, 2013, 11:12:17 PM

Quote from: cypherdoc on February 13, 2013, 08:11:00 PM

Quote from: thoughtfan on February 01, 2013, 03:57:40 PM

Butler - The Financial Crisis: Blame Governments, Not Bankers - from the IEA publication Verdict on the Crash, Edited by Philip Booth

i think that is ridiculous. when there comes a question as to who to blame, ask yourself, where did all the money go?

politicians make what, a couple hundred thousand a year? what does Jamie Dimon or Lloyd Blankfein make? how many hundreds of million a year let alone all the ancillary bonuses in the millions to investment bankers on Wall St?

tell me who is in control.

Banks bought gov't because it's a single point of failure. Control government, control the laws, and so on down the line. At the same time, there are more than enough intangible benefits politicians gain to make their six figure salaries just a symbolic token.

With regard to the fiscal calamity: it takes two to tango, and the song name was collusion. Pols want the bankers to help them gain more (through funding), and the bankers want the pols to help them gain more (through legislation).

likewise The Fed is a single point of control. who setup The Fed? why bankers of course; in the middle of the night on Christmas Eve 1913. The Creature of Jekyll Island is a great book btw.

insert Wimp X as head of The Fed and you're good to go. there is no way that one person can withstand the pressure applied by a dozen bank CEO's. we know, without a doubt, who Bernanke was on the phone with during the depths of the crisis and how many times. we thus know exactly what the CEO's were "recommending"; BAILOUTS or ARMAGEDDON. take your choice Ben.

The Fed is the mothership that pretends to oversee all its Baby Banks (red haired trouble makers). yet it has its tentacles/blood funnel jammed directly down the throat of the US Treasury/taxpayer as some sort of quasi-governmental organization. what a joke.

THIS is why Bitcoin is resonating so greatly with the global population. We all know now.