This is an underrated video on the plutocratic world we live in. It is not someone putting on a tinfoil hat and spewing crazy conspiracy theories. This guy exposes our flawed political system, and how it’s connected with wealthy financiers, the tribe of Wall Street, known as hedge funds. This is not counting family firms, mutual funds, etc. Some hedge fund managers abuse their power to game the system and change policies (lobbying) that favor their interests. This is why I’m cynical of our politicians, some of whom get pushed by propaganda campaigns traced back to wealthy donors (and how potentially there was Russian collusion during the 2016 election) enabling the American people to be brainwashed via social media, at the same time distrusting the mainstream news. I blame the most powerful central bank in the world, The Federal Reserve of the US. I blame the regulators: the SEC, FINRA, the DTCC, DTC, etc., all incompetent at their jobs when failing to protect investors and prevent the economy from going haywire or tanking.
For a very long time, America was not a democracy, it’s been an oligarchy society. The January 6th capitol attack wasn’t the real insurrection to pay attention to since it was not clearly planned and coordinated as the FBI stated. The insurrection happened long ago when large corporations and hedge funds swarmed Washington D.C. to bribe the regulators for their self-interests. Not to mention they have destroyed their competition or swallowed them up by buying them like Amazon or Facebook. It is not to say that all elites are evil and abuse their power, some are actually decent people like Ray Dalio or Warren Buffett. This is the generation that claims and boasts of being “woke,” yet I question if they are actually aware of what is currently going on, specifically in the last four years when Donald Trump was president. What was going on behind closed doors, these financial revolving doors behind the scenes?… Who are the puppet masters pulling the strings? Who is the wizard behind the curtain?
During Trump’s 2016 campaign, he slammed Wall Street for “getting away with murder,” in his own words, which I agree with his statement. He vowed to break up the big banks and force the finance guys to pay higher taxes. I wondered why would he flip-flop and favor Wall Street when he was president? Trump signed a bill that rolled back or loosened financial regulations (e.g. the Dodd-Frank Act) that were put in place by the Obama administration in response to the 2008 financial crisis and the recession that followed. Some of the stronger regulations were not even able to pass during the Obama presidency, so when it was Trump’s turn to put the nail in the coffin, he didn’t.
No one can prepare for what may come next. Credit to Houston Wade for pointing out many of these issues and what I have been seeing for the past year. 1) We have growing inflation; 2) we have a looming debt crisis; 3) we have a corporate debt crisis, 4) we have a student debt crisis; 5) we have a COVID crisis; 6) we have foreclosure and eviction crisis, 7) we have a commercial real estate crisis; 8) we have a growing climate crisis; 9) we have a labor shortage crisis; 10) we have a supply chain crisis; 11) we have a looming credit crunch crisis; 12) we have a counterfeit stock crisis; 13) and the S&P 500 breaking all-time highs! What’s to come is because of the stupidity of the American public for electing a fraud in 2016, for not seeing through people’s shenanigans, and for not holding the government to higher standards, and holding them accountable for their ineptitude.
Social Scholarly 