Monday, September 05, 2011

Bank Robbers, Bankers Robbing


You and I are now constantly being ripped off by bankers and their government sponsors.  Bankers have captured the US system of government and have re-directed its resources into their own pockets.  Heads we win tails you lose you middle class host to the parasitic oligarchs.  Check out this from Nassim Taleb and Mark Spitznagel.

The great bank robbery



By Nassim Nicholas Taleb and Mark Spitznagel, Project Syndicate


For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over the last five years. In the United States, the sum stands at an astounding $2.2 trillion. Extrapolating over the coming decade, the numbers would approach $5 trillion, an amount vastly larger than what both President Barack Obama’s administration and his Republican opponents seem willing to cut from further government deficits.


That $5 trillion dollars is not money invested in building roads, schools and other long-term projects, but is directly transferred from the American economy to the personal accounts of bank executives and employees. Such transfers represent as cunning a tax on everyone else as one can imagine. It feels quite iniquitous that bankers, having helped cause today’s financial and economic troubles, are the only class that is not suffering from them – and in many cases are actually benefiting.

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