Banks, Politicians, Media Cloaking Coming Crash

“… The biggest human failure is not learning from failure”— Ross Ashcroft

Excerpts from Renegade Inc’s January talk with economists Marc Friedrich and Matthias Weik

C

rooks, liars, crony capitalism casting blame, creating crises, continuing policies that cause crises

“…Politicians tell the public that they have got record employment and everybody’s better off but nobody tells them that more and more people are doing two or three jobs within low and stagnating wage sectors” (Friedrich)

In the last decade, economists and politicians learned nothing. “They have merely bought time”; and going forward into another crisis, “the Fed, ECB and other central banks” will continue the same pattern of printing more money.

B

otchers and Betrayers

• Big winners: “The banks who created the last financial crisis.”

• Big losers: “The working class and underclass who were encouraged to borrow recklessly;” and who later suffered the U.S. and UK news media's casting of blame “for the crisis” (Friedrich).

“The banks have betrayed all of us…. They manipulated interest rates (among other things)…. Everybody who bought a house with credit was suffering.” Though we thought elected politicians are (were) “here for us,” they robbed the public treasury (our money) and “bailed out the banks” at our expense (Friedrich).

Without blame or accountability, the big banks still stand. “Goldman Sachs, JP Morgan, the European Central Bank – they’re all still here. Nothing happened. And in the years “since 2008, the people lost trust” in politicians, the media and the banks.

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anufactured crisis of low-interest rates and heaps of cheap money

“Since 2008, debts worldwide doubled for private people and for companies — even three times more debts than 2008. … Central banks create one bubble after another to keep the whole thing running.” Systemic debt piled on the deletion of which requiring “inflation, devaluation of the currency and/or war.” In each case, “the people are forced to pay.”

“We used cheap money like a drug…, putting more and more drugs into the system (vein).” The last time “…, China and all the states rescued the world; they won’t save us anymore.” “We’re at the end game because it’s the final bubble…, the government bond bubble and there won’t be another bubble afterwards. It will burst.” (Weik)

P

eople Power to the rescue of a Bankrupt, Failed Monetary System

“Change always comes from the people. We are more than them… We have to create the change. … Change the monetary system … Think about a new monetary system.” (Friedrich)

“Solutions … likely utilized through artificial intelligence, controlled by people for the benefit of people.” (Friedrich)

“T

he morning after the end game, if we are smart, we can solve the crisis.” If we delay, “there will be an implosion of the global markets on a scale something like the scale of 1929 — perhaps even worse.” (Weik)

Source news peg

Renegade Inc “Financial Capitalism: The Endgame” Renegade Inc Host Ross Ashcroft traveled to Germany and talked with economists Marc Friedrich and Matthias Weik aired January 21, 2019 https://www.rt.com/shows/renegade-inc/449308-financial-capitalism-end-failure/

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