Tag Archives: pump and dump

Cross-posted at HuffingtonPost

This is what we know: The fractional-reserve-banking-enabled, Fiat-currency-assisted credit derivatives bubble that grew 10 times larger than Earth’s GDP has popped.

And the collapse of this greatest global Ponzi scheme since the South Sea Bubble has taken world markets with it. It has destroyed pension funds and wiped out banks across the planet. Economies have screeched to a standstill. Trade has collapsed. Fifty million have lost their jobs. A hundred million have been pushed into hunger.

This is what we don’t know: when, or if, the banking bailouts, money printing and other wealth transfer schemes will stop.

In America, the people are mad as hell and they aren’t going to take it anymore. Or that’s what you would think if you tuned in to any cable channel spewing the new populism.

The Wall Street Journal is reporting, however, that all that televised “populism” is a whole lot of hot air: “Today’s populism has created no large scale protests in the US.”

Continue reading →