The Full Faith

So I saw a bunch of vox pops from dazed investors on one of those money shows on TV today, all parrotting how they believed in the “US Stock Market”. It’s like a secular religion thing. Fortuitously then, I found this article, which puts the current stock crash into context. Too many people are, it seems, always too willing to neglect the essentially illusory aspect of money, and people want to believe their stock market is somehow devoid of graft and corruption. This is patent nonsense, the stock markets were created to fund piracy – the original “free enterprise:
Noted economic thinkers like Catherine Austin Fitts, former assistant secretary of housing, and British economist Chris Sanders of Sanders Research have been saying for years: as much as half of the value of the U.S. financial markets is derived from criminal endeavors, whether it is the laundering of drug money or the fraudulent �cooking� of financial statements to boost profits.