Well, this is why I pointed out McKinley and also stated the process did start shortly after the founding. True financialization only after Morgan and his friends met and formed the Fed tho, which was 1913. Once the Fed was in place, they could vastly expand the amount of available credit, bribe and purchase without restraint, and start the type of economy to which we are all now accustomed. Importantly, this pattern is a direct inversion of “capitalism.” In capitalism, the present is leveraged for the future. In “financialism,” the future is leveraged for the present.