fago cross-posted this post in Deep Dives 5 years ago


The banks - profiteers of the COVID-19 crisis

in #finance5 years ago (edited)

What's wrong in America, in one picture

This article is written by a former trader and financial expert who worked in the financial sector for over 30 years. Due to his profound opinion I did not want to add or leave anything out.

Moreover, the text is refreshingly sarcastically written, as there are still many people who live in an illusion and have not understood that this monetary system only benefits those who created it, namely the banks and their owners!

I have therefore translated the text from German:

"The US central bank Fed has so far pumped SIX BILLION Dollars into the financial system because of the Corona crisis. Yeah, six thousand billion to make sure the stock and bond markets don't crash.

Exactly 6'083'131'000'000'000 dollars that were created out of air within minutes so that the speculators, the hedge funds and generally the rich, don't lose money in the Wall Street casino. This has caused prices to recover somewhat. At the same time, however, as of Holy Thursday, 16 million Americans have newly registered as unemployed in just three weeks because they lost their jobs due to the shutdown of the US economy.

What is going wrong in America is shown in the picture, a screenshot during the business news on MSNBC.

You see on one side, "DOW's best week since 1938", and below: "More than 16 million Americans lost their jobs in three weeks". That says it all about the situation.

While 16 million Americans are losing their jobs, stock prices are rising. Sounds like a contradiction in terms to naive people, but that's the plan. With the current cash gift, shares are being bought back.

84% of all stocks owned by Americans are owned of the wealthiest 10%.

People in America but also in Europe must understand that the fear-mongering about the virus serves not only to enforce the police state but also to make the rich even richer and the poor even poorer.

That is the whole point of the money and financial system. After all, the main task of central banks is to shift assets from the bottom up. That is why they exist. The assertion that their task is to maintain purchasing power is a complete lie.

Since the Fed was founded in 1913, the dollar has lost over 90 percent of its value. And the euro has lost over 80 percent of its value against gold since 2000. If that is not the intention, then why aren't the central bankers all being fired for total failure and arrested for stealing the national wealth?

Those who are locked up at home because they have been scared to death of infection, and those who lose their jobs and have no income, the state can do whatever it wants with these people. That is the whole reason for what is happening now.

In such a situation, hardly anyone dares to open their mouth out of sheer intimidation. Whoever is threatened by the fact of losing his previous standard of living, obeys what is ordered from above, even calls for the state.

The top 1 percent are laughing their heads off because they are profiting from the crisis again. The gigantic sums of state aid money, which were immediately decided by the political actors, flow for the most part into the pockets of those who already have everything anyway.

In short, we are learning again that the Fed will do anything - even if it means destroying the dollar completely (just look at the gold price for Fed Chairman Powell's progress in this regard) - to save the super-rich while destroying everyone else.

You can blame all measures on the coronavirus and people will believe it and follow.

After 9/11, the terror threat has scared people, invisible terrorists lurking everywhere. Total surveillance and wars of aggression were justified with this. Now it's a virus that you don't see. How diabolically brilliant is that?

The "war on terror" was declared, which actually became a "war with terror", because the so-called terrorists are all engaged by Western intelligence services and governments.

Now they will declare the "war against viruses", which is actually a "war with viruses". Macron has already said on March 16th: "Nous sommes en guerre - We are at war!""

source of the picture and article:
http://alles-schallundrauch.blogspot.com/2020/04/was-in-amerika-falsch-lauft-in-einem.html

May the Good be with you!