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Jan. 3rd, 2014|03:48 pm |
I try to live with a healthy sense of paranoia - to that end I believe that it is conceivable for events to be directed at higher levels as the higher you go, the fewer people/organisations that need to be coordinated - be these organisations in full view (more or less) as in the Central Bank system/Bank of International Settlements/European Union/Council of Foreign Relations/Royal Institute of International Affairs - or be they a murky apparition in the fog - and here, of course, we can just conjecture.
Re banks, I believe they are far more than just a lobby as I've pointed out before. I welcome the new law, of course, but it will hardly cause them any misfortune as it is hard to see how they can lose. In fact, it will encourage borrowers to take part in a new bubble, thus boosting "interest" payments (you know what I think of that) in the short-term and, at the least, guaranteeing them property rights in the long term (all for a miniscule of actual skin in the game thanks to the Central Bank support). |
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