Simple Primer on International Banking Power

Simple Primer on International Banking and Collateral Power

This is one of most important articles. It is always shown at the top of my blog. While others have said similar things, I see this quest for banking power as a huge conspiracy against the nations and the people. The banks have gobbled up all the quality collateral and are hungry for more. They seek risky collateral when that can lead to financial catastrophe. They seek to have that risky collateral guaranteed by the governments, leading to the moral hazard of wanting still more risky collateral.

I hope you take the time to read the article, and realize that with the derivatives gone wild and with the refusal to unwind these derivatives, lies massive danger to the financial system the world over. Derivatives are the disease and the medicine, toxic collateral assets, can kill the patient and won't cure the disease.

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