The Phaserl



from Silver Doctors:

The lowest of the criminal class were those who resorted to grave robbing and purloining what little money a corpse had on the body. Bankers in their cheap $250 suits might not have the carrion odor of a grave robber but you if were to get really close to a banker, you can smell the stink of fear and greed.

In the last 35 years I’ve seen literally scores of banks and hundreds of bankers do what bankers do better than anyone excepting the government. They create their internal financial crises through inept decisions, the chase for unsustainable yields, personal greed, excessive leverage and failing to account for economic cycles. Bankers are not known for their intelligence or mathematical abilities. Those deficit qualities, combined with trillions of dollars of other peoples money makes for a very bad combination.

It’s the same as if you give a compulsive gambler an unlimited line of credit at the casino, tell them to have fun and go for it. In the case of banksters, everyone loses. All banks fail eventually just as gamblers end up broke. Banksters don’t just double down. They double down, double again and then triple down, with leverage killing the bank as each bet turns against them while leaving the only option available, doubling down once again to make back their losses and breaking even. A bank failure can happen in no more than a few hours. What we are seeing today is the End Game of the bankster casino enterprise, with the absolute threat that when the collapse happens it will take down everything. I’ve been there, seen it and have the ball caps to prove it.

Everyone gets in the game. Employees get sucked into the game. Bank controllers who might have decent math skills get in the game, suborned by their superiors to cook the books so as to deceive their auditors, depositors, shareholders and government regulators that things are not going well. That takes some serious tap dancing. Share holders get in the game. The public gets in the game. I have seen that up close and personal, invested in it and seen that sort of questionable and criminal action destroy a bank within a few weeks of the deception being disclosed. I’ve even seen bankers invest in the stock of other banks that come well recommended, only to see that bank implode a month later, thereby destroying the banks which invested into the super nova bank that turned out to be a black hole.

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