David Stockman: Ben Bernanke Is Finished!
Stockman’s right – the Bush bailout was a crime and nationalization of big banks would have given us the chance to let the gamblers take their losses, unwind the derivative mess which Wall Street has continued with bailout money and pushed commodity prices, etc. – all of which was out-of-thin-air debt-laden taxpayer money subsequently used by the profligate bankers to ride the interest spread with treasuries and continue the derivative gambling machine that still hangs over us.
As more gather in the streets and austerity hits home, the ruling elites are on the run as more come to understand the so-called “bailout” money for Greece, et. al. is going to the bankers who, in effect, have their own private, no-loss, money and credit machine with which they eternally screw the people.
The world is necessarily heading toward bank nationalizations, takeover of private central banks, the end of debt-money enslavement, and biblical proportion debt jubilees.
Kent Welton,
PublicCentralBank.com
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