Terrox

That Sucking Sound? It's FDIC Insurance Taking Over

The cause of are problems are lax monetary policy (i.e. The Fed). Hayek and Von Mises explained this long ago. The cycle persists. Inflation of the money supply leads to speculation, malinvestment, and loss of the value of a currency no longer backed by hard asset (e.g. gold). The elites closest to the fed make billions in the spike up. The government then steps in to "bail out" the banks. The taxpayer is left with the bill and is ravaged by the multi-headed beast; lower asset value of his property, a devaluation of his currency, a larger tax burden, and the worst of all taxes - inflation. His wages are the last to rise to hedge inflation. Not so for the elite wall street guy who made millions and is part of the "too big to fail" crowd. If you want a better explanation you must read: The Revolution: A Manifesto, Ron Paul's recent bestseller.