|
So what you're saying is that the banks control the entire monetary system and have designed it such that they get a cut of every transaction made in this country, and that the 401K scheme profits banks more than the actual 401K holders themselves.
I think I already knew that. But it's a great system if you're a bank. Get the rubes to "invest" their life savings in a 401K instrument most of the population does not understand, if the markets tank, those 401K investors absorb 100% of the risk, if the markets flourish, the banks get the lions share of the gains.
Who wouldn't love that system?
And when you have your own people manipulating the market day in and day out, why that's just icing on the cake.
|