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"The Fed has set interest rates at zero. So the reward is zero and the risk is greater than zero," Burnham said on "Fast Money." "I'm not sure it has to be a black swan—maybe it has to be a gray swan. Banks have the same problem that they've had throughout history, which is that they borrow short term and lend long term, so they're always at risk for problems, and the next problem will come along at some point and BofA will be in trouble then."
The Fed's low interest rate policies puts the stock market in jeopardy, too, he said, because the central bank can destroy or transfer wealth, but "it cannot create wealth." He suggested that the Fed's stimulus program has inflated asset prices, leaving investors vulnerable.
George Orwell's 1984 contained that exact scenario. They we're always at war somewhere with some one, DoubleThinking who they were at war with every so often
Perpetual fear OMG
Stay in survival mode so we can control you! i want to hypnotise you!!!
you are going to die unless you follow my suggestions AHHHHHHHH
reply to post by Proctor11
I'm still unsure if there is an agenda behind all the media reporting on the meltdown / money pulled...
The more they report on this the more people get scared and might pull their money from bank accounts. And if enough people do this we will have a global meltdown.
It's simply a self-fulfilling prophecy. Maybe this is exactly what the media (or the one person behind all those media outlets) would like to archive?
I'm not saying that everything is ok and I'm pretty sure that those big banks take our money to fill their own pockets. But maybe it's not as bad as someone would like us to believe. Just a thought...