The 'Make a Killing and Get Out' Economy
by John Lawrence, June 9, 2018
Even the big guys expect the American economy to crash again as it did in 2018. But they don't care. They will have made their money by then. They don't care if the chickens come home to roost on the Federal debt either. If the US becomes too insufferable, they will take their money and go elsewhere. Any country would accept a million dollar bribe in order to get in. So we see the banks are at it again. They have eviscerated Dodd-Frank, the banking legislation that was supposed to say to the banking industry and the rest of America, NEVER AGAIN. Hah, they know it will happen again. Their profits are predicated on the fact that it will happen again and they don't care. They will have made their killing by then.
Same goes for CEOs. They don't care if they get fired a few years down the line after they have made their killing. They don;'t care if their company becomes unprofitable at some point in time. They just want to get that stock price up as far as possible before the collapse, get their bonuses and options and get out. They will have made their killing before their company becomes a worthless hulk. Hedge fund managers think the same way. They're not interested in building a company of value for the long term. No, they will lay off their employees to please Wall Street. Get that stock price up, Wall Street tells them, and they comply because their personal profits are based on the stock price, not how well they build the company for the long term.
Short term profits are all that's important to those who wield power in the global economy presided over by the almighty dollar. We have already seen what happens to countries that don't play ball: sanctions or the threat of sanctions. That wouldn't be possible if the US dollar did not hold sway. Even US allies are being forced to do things against their better judgment because the US told them to do it. Of course we have total nut cases running the US at the present time. They also are only in it for the money and the power. Power is an aphrodisiac. The more of it they have, the more of it they want.
If the economy comes crashing down, if the national debt becomes unpayable, if there is no money for social security or Medicare, the prevailing power and money brokers could care less. They will have made their killing and gotten out leaving the rest of us with the hollowed out shell of debt we'll be paying off for centuries..
