In the video below Stephan Molyneux describes how the state created the too big to fail (TBTF) banks whose insolvency now threatens to collapse the worldwide economic ponzi.
By limiting liability (something the banks were originally against) and using the tax system to funnel money into banks (investing by borrowing - tax deduction, using your savings - sorry), the high volatility seeking, 40 to 1 leveraged banks were created by your government.
If you haven't prepared for the worldwide ponzi collapse, better get prepared.
Worldwide Ponzi Collapse - Hyperinflation Watch is a continuation of my original blog (same name) strats4ever.wordpress.com concerning the worldwide ponzi (pyramid) that is about to collapse leaving most of us with a pocket full of toilet paper (fomerly know as “money”). Gold is the currency of kings, silver is the currency of gentlemen, barter is the currency of peasants, debt is the currency of slaves.
Wednesday, November 9, 2011
Your government created too big to fail
Labels:
banks,
collapse,
government,
ponzi,
Stefan Molyneux,
TBTF,
too big to fail,
video,
worldwide
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