Every independent economist and financial expert says that failing to break up the giant banks is ruining the American economy. Former Fed chairmen Greenspan and Volcker agree, as do presidents of various Federal Reserve banks and high-level Treasury officials, and the “central banks’ central bank.
A little bit over the top with gloom and doom but worth a watch.
About now I wander off to my garden and spend a few hours forgetting about the mind numbing stupidity of humans and reflect on how very smart the bees are.
I have read a few books on the debt crisis and the madness of the Fed and corrupt puppet governments. This video explains the current debt crisis very well.
Its no doubt that the US will not allow the lost of the reserve status without a fight (even war?) – the author of the post stated as much as this allows the US to have a massive debt well above what other countries would be allowed to have.