It started with one giant step in the direction of economic socialism.
Economic socialism is specifically the shared risk the public has been yoked into pulling on behalf of banks.
The unmistakable and indelible footprints of socialism's latest forward march have been made by collectivist central bankers, pushed forward (at least that's the direction for them) by their constituents, the bankers of the world.
The bankers' jackboots are filled with stinking feet itching from the fungus of greed. And sadly, the sole of those boots bears the unmistakable "Made in America" stamp.
What's flooded into all those succeeding footprints is the stagnant future we all face. The march towards global hegemony of bankers' birthrights makes that evident.
It's not ironic that bankers espouse capitalist, free-market doctrines, but under cover of their ostensible handlers - their central bankers - prosper and propagate behind a Marshall Plan whose manifesto is socialized risk; it's sickening.
The moral hazard of socialized risk, of economic socialism, is unfettered.
The United States let the biggest banks in America get bigger. We let them bridle us, saddle us, and ride us into the ground. And they are all bigger now.
How can there be any free market discipline if there is no free market? How can moral hazard be corralled if there are no fences around the risks banks are allowed to take, given their size and power?
We're facing QE4ever (that's quantitative easing) on account of the banks being subject to lawsuits and an attack on their capital.
Oh, you didn't get that?
Here's the real reason we have stimulus to the nth degree here in America...