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The Elites Are Bailing Out the 1% at your Expense Again.

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@maneco64
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#bailout #stockmarket #crisis #fed #ecb #italy #bondmarket

Today I look at how the powers that be, the Central Banks and governments, around the planet are bailing out the financial system again through issuing even more debt and fiat credit that is basically backed by the general public's future efforts and labour.

Unfortunately, the current health crisis is being used as a cover to bailout the usual suspects on Wall Street and at the big industrial corporations as well.

Everywhere around the world actors who have not acted responsibly during the supposed economic expansion we had after the Crisis of 2008. Again we are being told that to allow big corporations and big banks to fail will be the end of the world.

My conclusion is that as Frederic Bastiat once said we are now trying to live at the expense of everyone else and we are using the power of governments and Central Banks to do so.

"The Law" by Frederic Bastiat: https://fee.org/media/14951/thelaw.pdf

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