Has anyone besides me wondered what happened to the documented accusations about Ray Dalio and his Bridgewater fund management operation? The allegations were out there and it was big news for about a day. I would appear to have been quickly covered-up and the media has been given a ‘leave it alone’ warning.
It’s been my view since circa 2003 that ‘they’ would hold up the system with printed money and credit creation until every last crumb of middle class wealth was swept off the table and into the pockets of those in position to do the sweeping: Corporate America, the very wealthy (‘wealthy’ = enough disposable cash to buy a few politicians and Federal judges) and the political elite – the latter of which are compensated pawns for the first two cohorts. You can call yourself a ‘one-percent’er.’ But is you don’t have the kind of cash lying around that it takes to bribe high level politicians (i.e millions), you are middle class. Who are ‘they?’ Here’s a great description:
Look at Obama – perfect example. Obama delivered nothing on his original campaign promises. He was going to ‘reform’ Wall Street. But the concept of Too Big To Fail was legislated under Obama and Wall Street indictments/prosecutions fell precipitously from the previous Administration. Obama was supposed to clean up DC. What happened there?
This post was published at Investment Research Dynamics on October 23, 2017.