Pud

The reason we have the term "Market Makers" is because, well, there are people who drive (make) the markets. The existence of the term disproves the notion that markets can ever be truly free.

Markets will always exist in human affairs. The Soviet Union's mass experiment/failure with grand mal collectivization pretty much proved (ironically) that Marx was, in fact, correct about the human propensity concentrate wealth in the hands of a few, until you reach a Minsky Moment and everything collapses. In short, they practiced Marxism, just not in the way the revolutionary peons may have intended.

So who controls our markets, you may ask?

Here's your answer. What's chilling about this video, is that the interviewee comes right out and admits it.

Welcome, my friends, to the official notification that all pretense of local (nation-state) governance has been dropped. As if the GOP debates as of late haven't proved it beyond a shadow of a doubt, but I digress.

Earlier this week, I posted in the forums an exhaustive study showing that all of the world's wealth, power and resources are concentrated into a small global Keiretsu.

These are the market makers, and whether you believe the EMU crisis was "accidental" or not, it is clear that it's untenable and unfixable.

In my opinion, the insiders' arrogance puts all of us at extreme risk of events cascading out of anyone's control. To my (admittedly jaundiced) eye, it looks as though greed combined with hubris and a false sense of omnipotence at the top will cause individual actors to unthinkingly and unblinkingly act in profoundly irresponsible ways. I believe they've learned nothing from 2008. Rather, they're busy polishing their fingernails on their lapels and congratulating themselves on their "smartest guy in the room" status.

I bothered to write the blog post in hopes that its readers will remember it when Europe blows up and resist the temptation to start screaming across the false conservative/liberal/race/color/creed/nationality divides.

My hope is that we remember to look to the Market Makers when affixing blame for the shit storm we're about to experience.