Mom, Pop, and their kids would pay for the elite’s failures via higher taxed and inflation. When the elites failed, they were paid bonuses. The elites created fake assets that made themselves and their friends rich and ripped off everyone else. They created exotic, and risky, financial instruments, including derivatives and credit default swaps, that produced sugar highs of immediate profits but separated those taking the risks from those who would bear the consequences. The elites focused on making themselves rich, rather than creating new businesses, new products, more jobs, and rebuilding the U.S. Robert Kiyosaki: Fake: Fake Money, Fake Teachers, Fake Assets Book Summary - Introduction: The Future is Fake How My Generation Broke America The elites got greedy taking care of themselves, at the expense of others.
0 Comments
Leave a Reply. |