I think you're wrong.
Continuation of the international financial system means the end of the US, eventually.
The world banking cartel is insolvent. The sooner it dies, the better off we all will be.
No paper or debt-based money system has ever survived, it is probable that this one won't, either.
Our paper losses are going to be massive - but it's important to realize that they have already occurred. What is going on now is the transfer of the losses from banks and from the recipient class to the taxpayers and producers.
Money systems have ended before. If we liquidated the Fed and renounced our (obviously unpayable) debt tomorrow, we could be up and running with a constitutional money system in 6-12 months.
And this is going to be the outcome anyway. The sooner we take our losses, the better we will be in the long run.
The world banking cartel is insolvent. The sooner it dies, the better off we all will be.
No paper or debt-based money system has ever survived, it is probable that this one won't, either.
Our paper losses are going to be massive - but it's important to realize that they have already occurred. What is going on now is the transfer of the losses from banks and from the recipient class to the taxpayers and producers.
Money systems have ended before. If we liquidated the Fed and renounced our (obviously unpayable) debt tomorrow, we could be up and running with a constitutional money system in 6-12 months.
And this is going to be the outcome anyway. The sooner we take our losses, the better we will be in the long run.”
Excellent Post. We are already broke, everything the Fed and the Government has done to prop up the economy only prevents us from marking the losses that have already occurred to market.