How many bank executives got bonuses after the 2008 housing and loans collapse?
Much of Wall Street (or London’s Square Mile or Shanghai’s Pudong district or Hong Kong’s... island) is not a paragon of probity, integrity or adherence to rock-solid rules, ok?
How many got bonuses, really I have zero idea, but according to the movie "The Big Short" it was
A LOT! So lots of people lost a lot, some, everything but the 1% looked out for themselves and today still hold executive positions after being shifted sideways. I met Catherine Austin-Fitts not long after the collapse and she was offered a sideways shift from housing to treasury. She in my opinion is a paragon of probity, she turned down the offer and went on the lamb, hiding from the government who froze her accounts and hacked her life.
What Can We Do?
This is me below. What I have been doing for awhile now is moving a regular amount of paper currency into gold bullion. You can easily do that too and protect yourself against the ravages of inflation...
Up until recently this was out of reach for us 99%'ers but Karatbars began producing and manufacturing the small 1 gram bars specifically for people in our percentile. More than this, the founder, Harald Seiz developed a system of commissioned payments to encourage people to save and even earn free gold in exchange for referring people within YOUR communities to save in like. Just like Solari Circles. Just like immigrant communities have always done; they support their fellow countrymen or families buy buying and selling within their circles of influence. Karatbars is taking this concept a few steps further which I won't go into today, but transparency and security goes hand in hand with Karatbars International's probity.
Image Credit: isak55/Shutterstock
I made this, what do you think? Am I wrong?
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