Monday, April 28, 2014

All these years of doing nothing and now the US Justice dept is starting to move in

As usual, while the credit Ponzi is growing, enough palms are getting greased that few get prosecuted.  However, as I long time ago predicted would be the case (with proper credit to Prechter of course), now that the credit Ponzi has entered the collapse stage, the law enforcement agencies suddenly find themselves motivated to doing what they should have been doing all along.  There are 3 main reasons for it:
  • Less corrupt money is flowing due to credit reduction and that means a smaller carrying capacity (bribes, corruption, etc.) for government criminals and their associates.  So, like any other criminal enterprise, the criminals duke it out amongst themselves (AKA turf wars) to see who is going to be left standing.
  • More public awareness as the sheeple awaken.  Those officials that were perhaps not as corrupt as they were lazy are now seeing job openings in their departments dry up and budgets being slashed.  As a result, they have determined that they better roll some heads because the public now wants blood.
  •  Corrupt officials want to throw the attention away from themselves and so they fire up the long dormant prosecution machine and target the weaker elements of the criminal enterprise for termination.
The trouble for these criminals comes when someone who has been picked to go down turns out to know more than he/she is supposed to.  When they sense themselves being scapegoated, they squeal like the pigs that they in fact are.  The first to spill his guts gets the best deal with the suddenly interested legal authorities. I am more than sure we will see some high profile corruption cases go public over the next 2-3 years in a way that has not been seen for 3 decades or more.

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