That's probably right ... but our financial system will not collapse as long as the financial establishment owns our pseudo-democratic government.
Our government will make the people bail out the financiers by inflating our currency. The financiers will pay their debts with money worth much less than the money they 'loaned', and the people will (unwittingly) foot the bill. (I have insurance purchased with 1940's dollars. What the insurance company will pay out is a pittance - a joke. Do you think your experience will be different? Don't be silly.)
That's not going to change until we change the way we select the people who represent us in our government.
Wow, that's the clearest thinking on this mess I've read yet...
"...The entire global financial system is thus based on the equivalent of a perpetual motion machine: money can be borrowed or leveraged into existence in essentially unlimited quantities, and then deployed in risk-free skimming operations to harvest unlimited wealth.
What does this promise of using leveraged capital to skim risk-free fortunes do to the "real economy" of production and investment in plant and technology? It guts it..."
This board should be required reading for the occupiers!
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