So the SEC is the Wall Street watchdog?…. YIKES!!
For those who haven’t read ‘Crossing the Rubicon’ by Mike Rupper this section may just make you understand why the SEC seems to be a toothless tiger when it comes to prosecuting Wall Street fraud.
This is page 53 and I suggest you read up until at least page 57… better still buy the book, but be warned, it’s not for the faint hearted!
Frankly I don’t think there’s any way to turn this whole thing around before we have a complete and total collapse of the entire system; both financial and social.
I hope I’m wrong but with these kind of individuals and institutions running the show how can it be turned around short of a revolution and whatever the repercussions of that may be.
I fear the U.S. is going the way of Argentina.
I live in Australia in a semi-rural area with a vegetable garden, own water supply etc. so we may have a little more time before the SHTF but I feel the U.S. and parts of Europe are close to the edge of the precipice and will probably fall off.
Of course the major issue is still population and resources.
The financial meltdown is just the beginning.