Are we next going to hear about a conspiracy based on the Bilderbergs and the Illuminati? Do the super rich go to Davos to conspire to make them richer and the rest of the world poorer? Of course not. No doubt that inside knowledge matters, but that has nothing to do with a tank crushed car and WTC7. I asked "What do you know.about the financial world?"
There is no conspiracy between the Fed and the primary banks. Someone has to buy government debt. China now has the biggest bank in the world. Are they in on it? How about the European Central Bank? The risk is spread around the world. The problem isn't just in the United States. I think part of the problem is that academics live in a bubble and they are our primary drivers of monetary policy. They use money printing to stimulate the economy and ZIRP to keep the velocity of money moving. They force savers into the stock market. Why would anyone put their saving in the bank at ZIRP?
So yes, I made a joke about your comment. The markets are not all rigged, however stock prices are no longer based on earnings due to corporate buybacks. When you change the rules and CEOs are paid based on market performance, they will do what is in their own best interest. Many Americans have invested wisely and seen their 401k go much higher than 5% sitting in a CD. The problem is some had to retire just after the bubbles popped. At age 60 you cannot afford risk. At age 30 you can.
We live in a consumer society and a millionaire or a billionaire can only buy so much stuff. The problem is entitlements and the fact that boomers didn't save enough. We partied like it was 1999. The 2008 crash crushed many Americans who will never be able to retire. When the only thing the majority of the country can do is collect SS and buy food then it hurts everyone. This is not a conspiracy it is just a fact.
We have painted ourselves into a corner due to fraud during the dot.com and housing boom. Many pensions were stuck with worthless MBS. We cannot fix our infrastructure as all money governments collect go right out the back door to entitlements. What happened in Flint is happening all over the US and it will get worse. The Fed tried to sweep all the bad debt under a rug. We saved the banks and the auto industry, but now the only way out is pain. The boomers will create a drag on the economy and we will lose decades just like Japan. This is an opinion and not a fact. I don't know what the limits are to Central Banks.
So if you want to call fraud a conspiracy so be it, but it has nothing to do with the WTC.
Edited by QueenofHearts, 15 March 2016 - 03:21 PM.