Saturday, February 26, 2011
Banking crisis
Citizens, we have a banking crisis. Politicians prefer to say all is fine and prosperity is just around the corner. However, that is not the case. Banks born in the industrial age did not apart well to our current information age. Let me tell you what is coming. It will be worse than the mortgage mess. Fact is, few can see it now. That said, the derivatives bubble did not pop. Far from it, because our gov gave banks more money. OK so using this they disguise the problem with a paper over. Sadly, it did not go away. What will happen is that your will hear a cracking sound in the ice. Then the big banks will give way. Friends, it is coming.
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