Open Thread - 03-17-23 - King NothingSubmitted by JtC on Fri, 03/17/2023 - 8:29am
The next shoe to drop hangs by a shoestring over our heads like the Sword of Damocles. And the shoestring is fraying.
Dear citizen, it matters not that you live your life trying to do what's right. You go to work, pay your taxes, obey the laws, save your money only to have it stolen in the form of inflation. The banks don't play by those rules. They have different rules, as do the very wealthy. If you get in financial trouble that's on you. If the banks get in financial trouble that's on you as well.
The recent Silicon Valley Bank (SVB) failure is a perfect example of balance of justice weighed in favor of the wealthy. You did everything by the rules, they play fast and loose with the rules. They broke the rules, you didn't, who pays?