Friday, July 10, 2009

Karl Marx: Master Financial Architect

Yesterday someone else on Seeking Alpha printed a paragraph from Das Kapital by Kar Marx which exactly describes the most recent disastrous credit bubble. Marx also said deliberate creation of the bubble and its puncture would wipe out businesses and people and result in the desired nationalization of the banks.
Wish I had copied that quote because it seems to be the exact game plan we are watching from the stadium seats..
Why do we need regional banks when the Fed, The FDIC, the executive branch and the enabling think tanks only want banks that are too big to fail. I guess their thinking is that two or three survivor mega mega banks will more easily carry out social engineering.
Besides, a destroyed middle class will not require banking services anyway..
And the Fed and the FDIC can easily do their job if they only have to watch two banks. What could go wrong with such a streamlined financial system?
If it gets too unwieldy they can turn back to Karl Marx, create another super bubble among the mega millionaires who own everything, then crash it again. Then leave just one mega mega mega mega bank as the sole financial system in the new world financial order..
I am amazed that free marketer Kudlow hasn't freely found the same Karl Marx quote that outlined the use of runaway free market forces to create a totally controlled banking system in the end.
My compliments to the sinister dark forces who pulled this off, and whom, even now, try to make it look like they are trying to correct a situation that the last Great Depression proved could not be fixed by intervention from Hoover and FDR, according to Robert P. Murphy.
Wasn't it the insider and Anglophile FDR who said in politics things don't just happen.