Saturday, February 18, 2017

Reverse Robin Hood: Insiders Confess - By L. Reichard White

It isn’t news that the fiat financial system, acting as a reverse Robin Hood, steals from the poor and gives to the rich and politically influential, at least not to readers. What IS news is when rich financial gamblers and politically influential insiders specifically cop to it. And they do. VERY specifically in the video below.

The insiders: Former Federal Reserve Board member Kevin Warsh; Fmr. Manager of Duquesne Capital Mgmt. and truth-teller Stanley Druckenmiller; Economics Nobel winner & co-inventor of the Case-Shiller housing index Prof. Robert Shiller; Sr. Manager Jimmy Dunne; and former NY Fed official, U.S. Undersecretary of the Treasury and now Black Rock’s Peter Fisher.

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L. Reichard White [send him mail] taught physics, designed and built a house, ran for Nevada State Senate, served two terms on the Libertarian National Committee, managed a theater company, etc. For the last few decades, he's supported his writing habit by beating casinos at their own games. His hobby, though, is explaining things he wishes someone had explained to him. You can find a few of his other explanations listed here.