Wednesday, November 9, 2011

Your government created too big to fail

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.

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