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EXCELLENT. Too big to fail=Monopolies Nothing more.......Nothing less.

All 3 can be summarized into one. Monetarization of the Federal Deficit. Monetary expansion tends to -lower interest rates -the value of the currency declines -we have to pay for the massive Federal debt with higher taxes.

Could this means that Bank Street not Wall street rules??

Congress has other more important stuff to do. Balancing the budge is not one of them.

I have no doubt this system of debt is collapsing. I just wonder how it will happen during the 2008-2018

Those Assets you talk about do not generate enough funds to cover the debt. it is just inflated, air made assets. We just call them financial assets.

+5. Great comment. thank you

You are right. this is a great opportunity to abolish fractional reserve lending. But if we do there will be no need for a FED. Politics rules supreme again.

An Unsustainable Path of Debt Expansion Mises Daily by Thorsten Polleit | Posted on Wednesday, October 21, 2009 Debt Growth Exceeds Income Growth In Q2 2009, total debt outstanding in the United States — financial plus nonfinancial debt — amounted to 373.4% of GDP.[1] At the start of...

Awesome kid. He was the first one to make the move to China. I really need to start learning Chinese.

those 5 points are very accurate. You should change the tittle.

Of course the Gold standard was not responsible for the Great Depression. But it was a useful tool to those building the crisis. It is a coincidence that during these period of "depression" US Banks accumulated tons and tons of GOLD?? and yet later abolished the gold standard once the vaults...

Greed does not equal self interest. This is a huge misconception. Green is like being drugged or drunk. A disease that makes you do stupid and bad things even against yourself.

LONG LIVE PRESIDENT OBAMA

HERE IT IS http://www.history.com/shows.do?episodeId=452430&action=detail

"The crumbling of America" On history International. Worth watching.

I am a fan of the history channel. Last night I watched a new program about America's ever growing infrastructure. I though I had seen it all in movies like FOOD Inc and Sicko. The 2003 northeast blackout is just a warning of things to come. The future of our Economy lies on the well...

I just wonder what kind of Americans have to compete with illegals jobs. Not very smart people right??

That's why Saddam was overthrown. It will be the same to Iran if they do this.

this is the age of central bankers. You cant do business without them.