Published on Jul 31, 2016
The
latest is called “America is Doomed Without Restoring the Rule of
Law-Karl Denninger.” Trader and entrepreneur Karl Denninger has a dire
warning. He basically says if there is lawlessness at the top of
society, there will be lawlessness at the bottom. Denninger, who is so
distraught he has suspended writing on his popular website, explains,
“It is illegal for any entity with market power or anybody else to price
fix. It is illegal to price commodities of like, mind and quantity in
the market place. That is a federal law, and violations of these laws
are not civil affairs, they’re felonies. . . . The only deterrents for
corporations against bad behavior is people go to jail or the firm has
its charter revoked because it runs out of money. The reason that is
the case is as long as I can pay a fine and shift the cost onto the
customers or shareholders or both, there is not deterrent—at all. . . .
When does a CEO ever get indicted? When do members of the board ever
get indicted? The answer is never.”
In closing, Denninger says,
“If we don’t cut this out and start looking at the rule of law as
meaning something again, I don’t see how we get out of this. The only
way out of this box is to stop the lawlessness and let entrepreneurial
people come in and find the technological innovations that drive the
recovery. . . . Lack of the rule of law means America is doomed unless
we change it.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Karl Denninger of Market-Ticker.org.
All links can be found on USAWatchdog.com:
http://usawatchdog.com/america-is-doo...
