Friday, December 13, 2024

Tag: FORGET ABOUT BANKS

FORGET ABOUT BANKS, IT’S INSURANCE I’M WORRIED ABOUT

by Joseph P. Farrell, Giza Death Star:

There’s a lot of focus on banks out there right now, and deservedly so. Nor do I need rehearse all the reasons why that focus and concern is well deserved, nor could I do so even if I tried.  I’m not a finance or investment expert, and when it comes to such things I leave them to my friend and colleague in this alternative media and research field, Catherine Austin Fitts.  But we all probably have more or less the same list of factors: the financial meltdowns of 2008, the mortgage fraud, the credit default swaps, the bundling of ever larger amounts of ever more dubious securities in larger and larger tranches, the unmentionable derivatives crisis, so-called digitial, or crypto-currency and all the scams associated with it: