The Pyramid (The root of all manipulation, part 3)

It’s useful to think of the financial system as a pyramid, with each layer preying and manipulating the layer underneath it. Each layer up the pyramid is wealthier and generally savvier than the layer below it, and generally the manipulation of the lower level becomes more complex. We’ve briefly talked about this before here, but it’s useful to visualize an example: at the bottom of the pyramid are the poorest players – working people, not very financially literate, who are very easy to manipulate: These are the folks who are preyed on by the payday loan people, or who...

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