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Of course, all investments these days are a form of money laundering. Most funding is derived from loan credit which has been moved around a network of companie

Of course, all investments these days are a form of money laundering. Most funding is derived from loan credit which has been moved around a network of companies. The companies on the front line keep funneling the credit to big corporations and then eventually declare bankruptcy, then new companies spawn up to take their place. It's a systematized global money laundering scheme which extends all the way to the Federal Reserve Bank of the United States. This game involves separating credit from its underlying debt obligation, collecting the credit and then letting another limited liability corporate entity take the fall for not being able to meet the debt obligation. This is basically what Carl Icahn did with Hertz - He made Hertz take huge loans from banks, then Hertz awarded one of Carl's other companies a huge multi-million dollar contract using that loan money, then Hertz declared bankrupcy. Carl gets to keep the money he received from that big contract. Carl gets the credit, Hertz takes the fall. Carl took no risks and added no value. When you also consider that those initial loans are printed out of thin air by banks, it becomes clear that our economy is founded on legitimized fraud. We have a system which rewards fraudsters at the expense of honest people. What is the difference between right and wrong when the law itself encourages wrongdoing? Nobody seems to knows what is the difference between right and wrong anymore. If the law said it was OK to kill people, we would all start killing each other the next day. That's how superficial our morals have become.

seibelj 6y ago
The problem with your logic is that Hertz has physical assets and IP (at a minimum the brand) which the creditors will then own. But I agree with you that the rot at the bottom of the system begins with the federal reserve and our endless money printing. In a hard-money system banks actually care about the loans they make.
- jondubois 6y ago
  When companies go bankrupt these days, usually there aren't enough assets left to cover the loss for creditors - Especially tech companies whose main assets are intangible IP which loses all of its value when the company goes down.

seibelj 6y ago

The problem with your logic is that Hertz has physical assets and IP (at a minimum the brand) which the creditors will then own. But I agree with you that the rot at the bottom of the system begins with the federal reserve and our endless money printing. In a hard-money system banks actually care about the loans they make.

jondubois 6y ago
When companies go bankrupt these days, usually there aren't enough assets left to cover the loss for creditors - Especially tech companies whose main assets are intangible IP which loses all of its value when the company goes down.