Why Blogging About The Financial World is Important
Back in 2008, Facebook and other forms of social media were in their infancy. When the crash happened in late 2008, it took years of investigation for all of the truth to come out, and by that time the bankers responsible had been given immunity by the US Department of Justice.
In essence, hindsight is 20/20.
But this time we won't need to find out later what went down. All of the information is readily available. No conspiracy theories, just hard data that we all have access to.
The boasting of wall street bankers on social media will become their confessions later. This time around, we get to watch the Minsky Moment happen in real time. Everyone with internet access will know about it within hours.
Like all things on social media that get blown out of proportion one way or the other, the next crisis in the financial economy will create online panic as people attempt to move their money around between accounts. There will be a credit freeze, but more likely a total blackout with banks, possibly even temporary withdrawal limits on personal accounts, and maybe even on some business accounts.
So if the sheer amount of economic news coming from alternative media and social media seems like much ado about nothing to you, remember that all of us will be able to look back and quickly piece together what went down. While I might only cover a fraction of what is going on, together we have all the pieces of the puzzle that we need.
What comes after the next financial crisis is anyone's guess. The Democratic party in the US are doing everything they can to keep Bernie Sanders from being the presidential nominee. The powers that be in the US cannot allow the will of the people to be represented, as the people will cry for the heads of the bankers and the politicians who enabled this wealth transfer to take place, and demand fair distribution of wealth.
This cannot happen in the US, nor anywhere else that sits under the central banking system. Trump will win because Americans want a populist leader still, and their only two options are Sanders and Trump, and the establishment are more comfortable with someone they can control.
Don't be afraid to blog about what is happening in the financial world, as it will be important later.
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