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> > Governments are supposed to act in the best interest of the governed Many of the governed see what policymakers and politicians call 'systemic risk' and 'i

> > Governments are supposed to act in the best interest of the governed Many of the governed see what policymakers and politicians call 'systemic risk' and 'instability' as a not so unwelcome wildcard considering that the wealthy of today are mostly descendants of wealthy land owners from the times of the Crusades. > > They did their job and did it quickly and effectively Where are the Fed , D.C. , the FDIC etc. when a gas station goes belly up? Or a small family owned boat builder in Maine? Nowhere to be found. Their fault? Not being systemically important enough. Whatever the fuck that means.

nullc 4y ago
> Many of the governed see what policymakers and politicians call 'systemic risk' and 'instability' as a not so unwelcome wildcard considering that the wealthy of today are mostly descendants of wealthy land owners from the times of the Crusades. I'm curious if you have a citation to support that the wealthy in the US are descendants of wealthy land owners from the times of the Crusades at a substantially greater rate than the general population. > Where are the Fed , D.C. , the FDIC etc. when a gas station goes belly up? How much of their going belly up was due to Fed policy? Particularly driving and holding interest rates to near zero through market actions then pushing interest rates to nearly 5%?
notfromhere 4y ago
Maybe in the UK you can tie a lot of wealth to the Norman aristocracy but the United States is far too new for anything like that.
- JumpinJack_Cash 4y ago
  Ehm Anglo-Saxon people who killed all the indians come from UK and Germany
  - ticviking 4y ago
    Read over the history of the US settlement. While they came from the UK and Germany, the vast majority are not descendants of the Normans. One of the major draws to the US has always been the opportunity to do a little crusading of ones own and find whatever opportunity your courage and lack of scruples allowed you to get away with.

nullc 4y ago

> Many of the governed see what policymakers and politicians call 'systemic risk' and 'instability' as a not so unwelcome wildcard considering that the wealthy of today are mostly descendants of wealthy land owners from the times of the Crusades. I'm curious if you have a citation to support that the wealthy in the US are descendants of wealthy land owners from the times of the Crusades at a substantially greater rate than the general population. > Where are the Fed , D.C. , the FDIC etc. when a gas station goes belly up? How much of their going belly up was due to Fed policy? Particularly driving and holding interest rates to near zero through market actions then pushing interest rates to nearly 5%?

notfromhere 4y ago

Maybe in the UK you can tie a lot of wealth to the Norman aristocracy but the United States is far too new for anything like that.

JumpinJack_Cash 4y ago
Ehm Anglo-Saxon people who killed all the indians come from UK and Germany
- ticviking 4y ago
  Read over the history of the US settlement. While they came from the UK and Germany, the vast majority are not descendants of the Normans. One of the major draws to the US has always been the opportunity to do a little crusading of ones own and find whatever opportunity your courage and lack of scruples allowed you to get away with.