Yeah, well, Asset Owners and the Speculators who caused the 2008 Crash got saved by Governments all around the World with public money and that was done by taking money away from those whose income comes from their Work (notice how salaries keep getting less and less able to cover living costs all the while asset prices keep beating records).
What I learned from the 2008 Crash - being right smack in the middle of the Industry which made it happen and spending the subsequent years observing what Governments were doing to “recover” from it and trying to figure out “how did this happen” - was that politicians don’t work for most people, they work for a handful of people, and when push comes to shove they’ll sacrifice the rest to make sure those few keep on accumulating riches.
The fishy speculation that played around the line separating Legal from Fraud has in the aftermath of the 2008 Crash fully became Fraud and more, once the industry figured out that politicians from the main parties had their backs, which is why we find ourselves were we are now. This was especially so in places like the US and UK were power is a duopoly which just alternates between two groups of politicians who all frequent the same social circles and send their children to the same private schools.
Yeah, well, Asset Owners and the Speculators who caused the 2008 Crash got saved by Governments all around the World with public money and that was done by taking money away from those whose income comes from their Work (notice how salaries keep getting less and less able to cover living costs all the while asset prices keep beating records).
What I learned from the 2008 Crash - being right smack in the middle of the Industry which made it happen and spending the subsequent years observing what Governments were doing to “recover” from it and trying to figure out “how did this happen” - was that politicians don’t work for most people, they work for a handful of people, and when push comes to shove they’ll sacrifice the rest to make sure those few keep on accumulating riches.
The fishy speculation that played around the line separating Legal from Fraud has in the aftermath of the 2008 Crash fully became Fraud and more, once the industry figured out that politicians from the main parties had their backs, which is why we find ourselves were we are now. This was especially so in places like the US and UK were power is a duopoly which just alternates between two groups of politicians who all frequent the same social circles and send their children to the same private schools.
It’s a big group and we ain’t in it.