Wall St. is rigggd to the hilt

The Wall Street Code | VPRO documentary

 

It’s been rigged for a long time, I’d say since the mid 1990s is when it really took off.

And it took off through derivatives, and essentially what creating derivatives allowed banks to do was create more debt then they were ‘legally’ allowed to do under standard fractional reserve ratios.

With derivatives banks can create as much new credit as they want, with no capital reserves backing any of the loans, total non-secured lending.

 

 

UM