Jamie Dimon in Davos Switzerland today explaining why people don’t need to know what’s going on in the banking world. It’s too “complex.” Just know that their fee comes from managing this ball of financial confusion. And that’s all you need to know.
There, don’t you feel better? I mean it’s not like the world bailed out the whole banking system or anything. We should have faith.
RIC Editor Comment:
"What Would You All Do?"(Without Us)
Oh I don’t know, Mr. Dimon - let’s imagine a world without banksters for a moment...
What shameless pandering by the CNBC talking heads in their damage control mode.
The Davos audience wasn’t frustrated because Jaime Diamon was wrong - they were frustrated and upset because he was being unapologetically (and uncommonly) frank. That IS how the ’Davos Man’ feels. That IS how global bankers and CEOs feel. That IS the reality on the ground, and it’s why people need to become aware of the fact that these financial arrangements aren’t by accident, nor always well intentioned. They’re a carefully planned structure that ensure the rich grow richer and the citizens shut up and pay up.
By Elizabeth Leafloor
Tune into Red Ice Radio as guests speak more on the international banking system, the corruption, manipulation and lies involved:
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Editor's Comment: "Local" residents? Why bother blurring their faces? We know who they are.
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