CoinMiner

Six Steps to Hell: Our Descent into Today's Daunting Economic Inferno

Very well laid out, IRA. This serves as a fine primer for those good folks who seek to gain understanding of the current quagmire. Though if I may, at the very center of Hades lies the fractional reserve banking system. Whether measured by the FRN or BIS, the underlying scam holds all other mini-scams - as detailed above - tethered to the mothership. Thanks for the article.

Great Depression Not Imminent, But Inevitable

As noted above, the corruption present al all levels of governmental management and regulation will no allow speculative positions to fully deleverage or unwind completely. An organic depression is natural to both the credit and economic cycles. However, the populace have heretofore supported shifting the deleveraging to other pools (TBills), clients (asia) and future generations. This compliant acceptance allows the continuation of such policy - indefinitely (or until public acceptance changes).