Big banks fail shareholders, Shadow banking system fails pensioners
Banks are too Big and too Influential in our Economy.
The big banks have concentrated 80% of our nation’s wealth into seven corporations who by US Treasury standards are too big to fail. However, fail they will. The shadow banking system manages more and more of our pensioners capital who do not realize that these “risk managers” have been devaluing these investments by simply “trading” off of market indexes without any real assets behind these so call investments that are simply allocations of other people’s money to their friends who have Ivy League MBAs, PhDs or were just college roommates. Our money is gone so what is the solution?
The solution is to liquidate any stock or bond positions and convert your assets into hard assets but, is this a reality or just an idea? We need responsible leadership who understands…
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