Reply #2: Consider that these financial institutions lose $billions and still stay in business. [View All]

[AdHocSolver]

Most companies that lose that kind of money go bankrupt. Many go out of business altogether.

The situation is different for these banks, brokerage firms, commodities traders, mutual funds, etc. They get money thrown at them and that "value" disappears, and they still chug along.

Maybe the entire financial system is NOT governed by an "invisible hand", but rather high finance is all smoke and mirrors? Maybe it is all rigged? Maybe there is no "free trade", but rigged trade? Do you think?

Maybe people should ignore what the financial "experts" SAY, and determine what they actually DO. You cannot solve a problem, if you cannot even define what the problem is.

The first premise that you have to accept to understand the economy and its problems is that it is all controlled by the big financial corporations. They are NOT being tossed about by forces beyond their control. They are IN control. They are just spending time trying to figure out how to "juggle the books" so that the "other" guy, including you, gets stuck with their losses.