Our fine planet is in the midst of the greatest banking crisis in history. The fractional reserve banking system promulgated by the G-20 central banks has fostered a glut of sovereign and private debt and insane inflation of money supplies. It has also allowed the major investment banks of the world to over leverage themselves with derivative wagers that carry a combined notional risk of twenty times the annual gross domestic product of the entire world – $1.25 quadrillion. That’s “quadrillion” with a “Q!”
Thursday, November 24, 2011
The Greatest Banking Crisis In History (Ugly Facts About The Federal Reserve)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
If the post you are commenting on is more than 30 days old, your comment will have to await approval before being published. Rest assured, however, that as long as it is not spam, it will be published in due time.