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Global Players at the Financial Poker Table
goldsilverworlds.com / Gary Christenson / October 1, 2015
From the movie “Rounders” regarding poker:
“If you can’t spot the sucker in the first half hour at the table, then you are the sucker.”
Hypothetically speaking the players at the global poker table could be:
- The Federal Reserve borrows dollars into existence to feed the never ending demands of the US government politicians and the financial community.
- US Treasury Department creates the bills and bonds.
- Goldman Sacks does God’s work.
- JP Morgan works their skim in so many ways.
- Huge derivative players such as Deutsche Bank, Glencore, JP Morgan, Citibank, and Barclays increase leverage and instability.
- Regulators make certain the game continues with a profitable skim for the “Too-Big-To-Fail” banks.
- Department of Justice has demonstrated that no banker shall be prosecuted, but minimal fines are acceptable.
- Commercial Banks borrow dollars into existence, loan them at 10% to 24% for credit card debt, charge high fees and use leverage to increase profits. They expect that losses will be covered by taxpayers and the Fed.
- Politicians and Lobbyists collect their share of the skim.
- Average short-term gold and silver trader. Guess who is the sucker?
The status quo exists because it works well for the major players. Their profits are large enough to cover fines, multiple payoffs, and houses in the Hamptons. The majority of profits come, I suspect, from packaging and selling paper – stocks and bonds. But it is important that gold and silver prices remain low since rallying gold prices indicate something is wrong on planet fiat and will create anxiety that the Fed and other central banks are abusing their printing currencies privilege. Weak gold prices encourage a strong dollar and lower interest rates.
The post Global Players at the Financial Poker Table appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/02/global-players-at-the-financial-poker-table/
