This is a short 10 minute synopsis of the financial crisis since it
first brought up in no uncertain terms in July 2007. The
mortgage crisis could of been totally avoided, nobody need of
been tossed out of their homes if the the home mortgage and
protection act had not been stopped and even the bailouts were
totally unnecessary as confirmed this year by the government
ciac commission investigating the 2008 crisis.
With Straus Kahn the CHIEF of the IMF being taken out of the
picture this due to a sexual molestation charge it is an
indication that there are forces on the move to stop the resistance in the system to restore Glass Steagal legislation.
This was legislation implemented after 30's depression to
seperate domestic and investment banking. It was dismantled
due to the likes of Alan Greenspan and Company putting an end
of 50 plus years of economic stability. Our only opportunity
to restore stability is literally to let the banks go on
without our support through bank bailout debts - quantitative
easing - which incidentally is owned back to them with interest. It couldn't be crazier but it is and if it were not stopped
the burden of the just the interest on the debt is enough to grind
all countries in the world to a halt. This is how serious
things are if Glass Steagal legislation is not
Of the course the banks and interests they represent don't want that
to happen because that will mean the end of them.
Unfortunately if they are not stopped that will be the end of
us and civilization as we know it. That's my take on it.
Listen to the clip its short, to the point and its good
synposis of what has happened since July of 2007- les raketti