Forex Arbitrage Fraud - The Name Of The Game - Redux
Pre QE and still prescient...
What are the lessons learned from "The Name of The Game". What are the down sides of globalism, fraudulent monetary policy, money shuffling and forex arbitrage?
Cheating the poor, the working class, retirees and those on fixed incomes out of their hard earned money, by causing a loss of savings and reduced purchasing power.
Risk aversion leads to outsourcing, resulting in a loss of jobs and erosion of the manufacturing base.
This greed based behaviour eventually causes the inability of local economies to be self-sustaining. Resulting in dependence on a suspect distribution chain and foreign entities.
The corporate controlled governments, border-less business entities and the elite wealthy ultimately benefit as over time, capital or wealth becomes concentrated in fewer and fewer hands.
Concentration of wealth leads to special interests, lobbying and campaign contributions, resulting in distortion and corruption of the political process.
Distortion and corruption of the political process leads to less effective “grid lock” government and the eventual loss of a truly representative government, which results in sociopolitical changes.
The distortion and loss of representative government leads to a perversion of societal priorities, resulting in unfair taxation policies that further the concentration of wealth and strap local government budgets.
Inherent systemic imbalances and political grid lock lead to trade and budget deficits which eventually result in under funding of pension, health and educational systems.
Over time, under funded educational systems lead to a "lowered bar" and the dumbing down of the populace. Combined with distortions of the political process and perversion of societal priorities, this results in a slow erosion of individual rights.
All of the above, tried and true, can eventually lead to the formation of a police state and a resulting tyranny.
What are the lessons learned from "The Name of The Game". What are the down sides of globalism, fraudulent monetary policy, money shuffling and forex arbitrage?
Cheating the poor, the working class, retirees and those on fixed incomes out of their hard earned money, by causing a loss of savings and reduced purchasing power.
Risk aversion leads to outsourcing, resulting in a loss of jobs and erosion of the manufacturing base.
This greed based behaviour eventually causes the inability of local economies to be self-sustaining. Resulting in dependence on a suspect distribution chain and foreign entities.
The corporate controlled governments, border-less business entities and the elite wealthy ultimately benefit as over time, capital or wealth becomes concentrated in fewer and fewer hands.
Concentration of wealth leads to special interests, lobbying and campaign contributions, resulting in distortion and corruption of the political process.
Distortion and corruption of the political process leads to less effective “grid lock” government and the eventual loss of a truly representative government, which results in sociopolitical changes.
The distortion and loss of representative government leads to a perversion of societal priorities, resulting in unfair taxation policies that further the concentration of wealth and strap local government budgets.
Inherent systemic imbalances and political grid lock lead to trade and budget deficits which eventually result in under funding of pension, health and educational systems.
Over time, under funded educational systems lead to a "lowered bar" and the dumbing down of the populace. Combined with distortions of the political process and perversion of societal priorities, this results in a slow erosion of individual rights.
All of the above, tried and true, can eventually lead to the formation of a police state and a resulting tyranny.
Comments