The main scam is that the banks know when they’re going to create booms and busts before anyone else because they know when they’re going to raise or lower interest rates. That means they know when to buy low and sell high before any one else.
With Quantitative Easing though it’s become a matter of outright thievery where the banks pay themselves with Fed-created money in exchange for garbage assets like toxic mortgages and so forth.
No related posts.
