Bingo.
Go to cash and shorts, wait, redeploy.
Rinse, repeat.
In exchange for their cooperation, promise to let helpers like Lay keep their cash and stay out of jail, especially if they can blackmail you on the true identities of owners of offshore accounts.
Secrecy and corruption at the top allows this peristalsis of the money of the vaunted capital system out of the fooled into the pockets of the foolers.
Man! If you've got the Supremes, most of Congress, the media, and the Executive branches, what else do you need? You can have the best protection racket going, twiddle the markets, and protect the twiddlers, in exchange for some nice deals and donations.
Until it gets to the point where the only assets worth having are those you can control and develop your own self, like real estate, your own business, etc.
The nodding heads haven't even hinted at the massive economic and social costs of this upheaval of confidence. No one cares to talk about such things, since it would lead to lynch mobs, if the public knew the extent of the bilking and the actions of the bilkers.
"completely trash the capital markets, profiting on the short side on the way down. And once we are at the nadir of a financial depression, since they are the only players with money to use, they'll acquire assets at pennies on the dollar. And then start the reflation cycle all over again |
