Who is responsible for financial recessions - us, or banks, or the members of parliament?

OH! Wait, forgot Social Security :) they keep taking money out of Social Security and putting “IOU” notes to replace the money. They say that the Social Security Trust fund has a lot of money but it’s just paper, it’s not worth anything.

yeah and then they are making us pay for higher education funds and social security crap lol and then take our taxes and who knows what they are doing with it making us poor and suffer and without any good employment. ive been jobless for god knows how long its getting crazy….

Well we all know where the Social Security money goes too x) already paying for some old man’s spa or something. The other taxes go into the instutions established by the Fed, then they go into grants which they hand out to certain states that meet the criteria, and there’s more but it’s escaping me right now. There’s been growth in the job market considering the economy is going up but it hasn’t really been anything dramatic. Around 400k jobs have been in place dropping the jobless to around 9.5% so you’re in luck – there’s hope :)

yeah iv been reading all this is the newspapers the other day where they are getting rid of so many employers so they can get on top of everything but then people are becoming homeless and this world

lol some hope that is

Bankers ultimately, government facilitatory to that end.

Wealth is ultimately the creation of products valued by society. Currency should be directly proportional to the value a society produces. Instead, we have fiat currencies that are not directly related to this value. The time value the central bankers spend to create a one dollar note, is exactly the same as the time value they spend creating a ten thousand dollar note, so without a fixed ratio, currency can no longer represent the true wealth of a society. The weath is transferred then to those people who had the least to do in creating it. Things that ordinarily could not be afforded, are given the illusion that they are. Wars… foreign aid… superfluous bureaucracy for example. Things that should be quite affordable… eg oil… energy… medicine… intellectual property become hoarded or monopolized and the value artificially elevated. This manipulation is not possible without a central bank and fiat currency. Politicians could not be bought off to do the bidding of the monied elite… if they had to go about gaining their wealth through legitimate means.

The latest iteration of financial fallout is just another in a line of banking malfeasance. From Mike Rivero:

“Starting after Congress repealed the Glass Steagal act in 1999, Wall Street went on a g@mbling binge with a new “product” called the mortgage backed security or the collateralized debt obligation. They were so popular that in order to meet demand, failed mortgages were bundled into the investments, Congress (themselves invested in those Wall Street companies) lured marginal homebuyers in with an $8000 first time homebuyer credit, and in some cases such as Bear Sterns, The same mortgages were pledged over and over again into multiple investment packages. Fraud was rampant, but as long as the money kept pouring in, nobody wanted to rock the boat.” “Then the fraud became exposed, and major foreign banks sued to force Wall Street to buy back all the fraudulent mortgage-backed securities. Even though 90% of Americans were opposed to using tax money to save Wall Street from its own greed and recklessness, Congress, themselves invested in those Wall Street firms, passed TARP and a host of other programs to use YOUR money to buy back those fraudulent mortgage-backed securities, calling them “toxic assets” so the taxpayers did not realize what was going on, or that these assets could never ever produce a profit despite promises to the contrary. To date, $12.3 trillion dollars looted from the American economy, and no end in site as Bernanke cranks up those printing presses again, to shower new fresh money on the banks, which drives the value of the dollars you already worked for and saved downward, which you are seeing today in higher prices at the supermarket and gas stations.”

So now we are told the narrative from a perspective that omits all culpability of our financial meltdown on behalf of the bankers. We are meant to question rather austerity is warranted… and the question is framed so that the two options on the table are either cutbacks or layoffs. Now that the banquet enjoyed by the bankers has been had… we are left to fight amongst ourselves for the crumbs scattered about the floor.