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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
AAPL $129.36 0.21%
FB $79.60 -0.19%
GOOG $573.64 0.40%
TSLA $199.56 1.13%
YHOO $42.62 -3.38%


DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

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