This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Smashing Big Banks Only the First Step: Opinion

Lacking any Professor to explain the folly of Gilligan's plan, they all agree. However, what the castaways quickly discover is none of them are getting any wealthier at all. With their tiny island economy flooded with coconut dollars, all that has happened is prices also increased.

Now let's change our scenario slightly and introduce a new castaway: Banker. Banker happens to be the owner of the printing press and Banker gets a different idea for "getting wealthy." With complete control over the printing press, Banker decides that from now on while each of the other castaways will continue to get 10 coconut dollars each month he will receive 1,000 coconut dollars from his own printing press.

Suddenly the dynamics change dramatically. Instead of no one getting any wealthier as price increases match the increase in the money supply Banker becomes wealthier as he accrues a massive supply of coconut dollars.

So even though the price of coconuts is soaring, only Banker is unaffected by the price increases. Note that Banker can only get richer through this money-printing inequity at the expense of all the other castaways getting poorer.

This is the Western financial paradigm: Banker(s) gets all the coconut dollars. We all get poorer while their own endless supply of new paper ensures that "inflation" only affects the rest of us.

The absurd lie is that handing Wall Street endless trillions of newly created money will somehow "create jobs." After all the $trillions printed and handed to Wall Street since 2008, does anyone see any jobs being created?

This is only one of the mega-crimes of these mega-predators. Here are two more.

The banksters' $1.5 quadrillion "derivatives market" is nothing but a rigged casino, so crooked that "the House" won't even pay off on its losing bets if it's not convenient for them - as we saw with their refusal to make payment on credit default swap contracts, following the Greek debt-default.

Then there is the banksters' $500+ trillion Libor fraud .

Despite the fact this fraud has (almost) been completely exposed, the vampire banks have so much power over our governments they continue to operate this scam with impunity. Nowhere here do we see any evidence of "too big to fail" - i.e., a need for the continued existence of these financial predators - while everywhere we see evidence that they are, indeed, "too big to exist."

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.30 +50.09 0.28%
S&P 500 2,092.42 +10.54 0.51%
NASDAQ 4,814.3070 +40.8350 0.86%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs