
Our banks
Joris Luyendijk writes:
"With bankers I have experienced an opposite trajectory.
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'It's a proto-fascist ideology. Top bankers as predators and us as prey' – the latest interview in the blog
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2 comments:
Nobody is asking the Fed what it will do with its massive income stream once it STOPS QE. Mortgage income is flooding in and it is done buying assets? I believe the Fed will allow rates to rise in hopes that the MEME of Banks love higher longterm rates will shield reality. The Fed is after Bank loans of impaired Banks and will use higher rates as a weapon to cull the banks. I believe MR. SNOWDON dropped his bomb to hide global tax and trade talks between US/EU and of course its working!
Must watch/read re global meltdown :
http://www.zerohedge.com/news/2013-06-18/kyle-bass-next-18-months-will-redefine-economic-orthodoxy-west
cheers
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