This post runs to the ‘Heart’ of Soles Of Passion’s focus on how ‘We The People’ have been Surrounded by the cabal of Money Monsters that perpetually enrich themselves (and their Cronies) at the expense of the rest of us who reside in ‘Jurisdiction B’. It is a Magic Money System that the ‘El-lites’ run as a wealth transfer system. It is why the younger generations have become receptive to the fake allure of Socialism and Communism. And no wonder, the 1% have continuously made such bad examples of capitalism by their rape and pillage of the free market economic system that has served this country so well, for so long.
As they say it is time to ‘Turn Up The Volume’, raise your awareness of what has and is going on, in order to restore common sense and the opportunity to realize ‘The American Dream’. We cannot allow corporate feudalism to replace the American Midddle Class. In the period of 2007 – 2012 supposed ‘rock solid totally secure AAA rated’ investments lost 65% of their value, it’s sort of obvious, that either the Sponsor/packagers and ratings agencies were either running a massive and fraudulent ‘ponzi scheme’, or they were absolutely incompetent perhaps even ‘non compos mentis’. The former description, not the later hits the nail on the head. So much trickle down collateral damage to people just to satiate the greed of those who run the Magic Money Machine.
To the enormous credit of Pam Martens and Russ Martens, they have published a recent article that puts all of this into real-time focus. Here are some quotes from their article;
“If you feel lost in the cacophony of contrasting claims that Wall Street was adequately reformed under the Dodd-Frank legislation of 2010 or that it remains an insidious wealth transfer system for the 1 percent, then you need to invest one-hour of your time to listen carefully to some of the smartest experts in America address the topic”
“Stanley explains how the repeal of the Glass-Steagall Act led directly to the financial crisis on Wall Street and the greatest economic collapse since the Great Depression. Stanley says that when “you repealed Glass-Steagall you took down those firewalls between the different parts of the financial system and you allowed these mega banks to grow; that combined the support for the commercial bank (the government-guarantee to your insured deposits) and the capital markets activity of the big investment banks. And all of those giant mega banks were simultaneously involved in the same fraudulent business models”
“The speakers urge American citizens to become engaged in the battle to restore the Glass-Steagall Act by calling their members of Congress and demanding that they add their sponsorship to the bills that have been introduced in both the House and Senate to bring back the complete separation of insured depository banks from their high-risk casino cousins, the investment banks of Wall Street. The phone number to reach either your Senator or Congress Member is 202 224 3121”
To Read The Entire Article AND WATCH the round panel discussion on video (CLICK HERE)
Heaven Help Us All!