When You Reward Failure, You Encourage Fraud

Bob Moriarty of 321gold expresses his views on the potential bailout of industries.

by Bob Moriarty
Streetwise Reports

When the banking system was on the verge of complete failure in 2008, during the Great Financial Crisis (GFC), the world had a wonderful opportunity to do a total financial reset. All we had to do is let the failures go bankrupt. We will always need a banking system; we just don’t need a banking system riddled with fraud and failure.

Sigh! We missed a great chance to make the world a better place. Perhaps we can do better this time around.

The banks and powerful corporations who have controlled the US government for the last fifty years are in the process of trying to raid the last of the treasure from US vaults. They want their servants in government to reward them for their fraud and utter stupidity. It would be a crime of the first order to allow this.

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