It was standing there glaringly apparent to all but the economic transients working for a living. While the current banking failure can be traced back to the creation of the government backed mortgage banks the real failure is in the currency and the greed career politicians and what are known as central bankers.
Run On Banks IncreaseThe USA has fallen into a depression. Recent runs on the banks, failures of the investment houses, increased war spending are fueled by increased printing of unbacked currency. The USA is Living with Fiat Currency.
It was standing there glaringly apparent to all but the economic transients working for a living. While the current banking failure can be traced back to the creation of the government backed mortgage banks the real failure is in the currency and the greed career politicians and what are known as central bankers.
Run On Banks IncreaseThe USA has fallen into a depression. Recent runs on the banks, failures of the investment houses, increased war spending are fueled by increased printing of unbacked currency. The USA is Living with Fiat Currency.
