Survival+: Structuring Prosperity for Yourself and the Nation by Charles Hugh Smith

Author:Charles Hugh Smith [Smith, Charles Hugh]
Language: eng
Format: epub
ISBN: 9781449563448
Amazon: 1449563449
Publisher: CreateSpace
Published: 2009-10-30T10:00:00+00:00

Thank you, Zeus. I would like to end this chapter by noting that Zeus' explication of the Quadrillion Dollar Scam implicitly included several key features of the State/Plutocracy partnership which are covered in other chapters:

1. The existence of a parallel, formal "shadow system" of banking and finance which is essentially State-sanctioned fraud and looting.

2. State sponsorship of private Financial Elites' risk-taking via guarantees, backstopping and bailouts.

3. Information asymmetry: the State and Financial Elites have knowledge of the "shadow system" which is not available to citizens or non-Elite investors.

4. The "stability" of the State/Plutocracy financial system is entirely illusory.

As illusions of stability give way to devolution, we turn next to Models of Transformation.

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