Well, it does appear that the long dreaded financial collapse may actually be at hand. According to this new report from a fellow excellent blogger, Poor Richard, who writes the blog: "Poor Richard's Blog" at www.poorrichards-blog.blogspot.com , entitled: "Here You GO: It's Over", the failure of MF Investments may be the start of a massive bank run that could finally see the end of the crooked massive debt based Ponzi scheme financial system once and for all. Here is Poor Richard's article, and I have my own comments and views to follow:
Tuesday, November 22, 2011
NTS Notes: Yes, this article paints a pending situation of doom and gloom that even I may not fully agree with but evidence is clearly showing that a full collapse is at hand.
The major problem has always been that the general public did NOTHING for years to stop these swindlers from ruining the entire financial system. Only now with the entire bottom falling out are most people finally taking notice and asking: "What the HELL happened?", but are way too late to stop their own slide into financial oblivion.
It is true, as shown in Poor Richard's article, that the government could have stepped in years ago and put a halt to the impending implosion of the entire scheme, but many of the swindling selfish members of our governments were also involved in the fleecing of the public purse in pursuit of their own personal greed.
So the questions become.. What should be done about this situation? The obvious solution is to let the entire crooked system collapse and then rebuild a new system that does not incorporate the disastrous machinations of the old, including criminal private banking using debt based currencies, fraudulent investment schemes, and the use of DERIVATIVES!
History has always shown that any nation that bases its finances on debt eventually implodes... What is happening is nothing new, and just a repeat of that cycle. Will people ever learn?
More to come