by Dave Hodges, The Common Sense Show:
As we all know, the years leading up to the global financial meltdown of 2008 were filled with financial exuberance, as Wall Street firms made billions trading bonds made up of residential mortgages which should have been viewed as a money game (ie ponzi scheme).
A handful of investors knew that this was the death of the economy. Eventually. as the move, The Big Short acurately portrayed, realized that due tot he mortgage scam, the entire economy was nothing but a house of cards that would, unquestionably and inevitably crash.
The movie follwed the bets of these few real-life inviduals as they they bet againt bonTheir bets against these bonds, in action that became known as the THE BIG SHORT, and this practice eventually paid off in large amounts as Rome burned so to speak. And amazingly, only one person was ever convicted and went to prison.
When the entire American economy fell apart, leaving millions homeless, millions more broke and unemployed, few investors laughed all the way to the bank and in the original movie, the actors consisting of Christian Bale, Steve Carell, Ryan Gosling, and Brad Pitt starred as those individuals who got away with economic murder. the movie, The Big Short, was baed on Michael Lewis’ best-selling book of the same name.
Depart from the movie for a moment. After the crash of the American economy. America is headed down the same economic path. America chose to cave in to the banksters. Iceland put them in jail. Today, Iceland’s GDP dwarfs America’s GDP.
Last Man Standing
Therew was on nation that did not put up with the Big-Short and that country was Iceland who jailed 26 bankers, totaling over 74 years of prison time among these 26 criminals. These banksters were jailed for causing the financial meltdown of Iceland. Conversely, the U.S. bankster criminals on Wall Street were rewarded for their fraud and market manipulation with an gigantic set of ongoing bailouts as the taxpayers of the country were financially raped.
There were no bail outs in Iceland that enslaved their population in perpetuity. America, today, has a minimum credit swap derivative debt of $1.5 quadrillion. Keep in mind the entire value of the Planet’s GDP is about $70 trillion. In other words, because of a ponzi scheme, Americans owe more than 16 times the value fo the planet to the banksters. In Iceland, they owe nothing.
Iceland remains the only European nation to recover fully from the 2008 crisis. Iceland even managed to pay its outstanding debt to the IMF in full, and the debt was paid in advance of the due date. This is highly significant because this means the Bank of International Settlements has absolutely no hold on Iceland and its banking system. Conversely, the banks in the United States are so manipulated by the Bank of International Settlements that the US stands of on the brink of the next bankster-created war which will be fought and lost against Russia and China.
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