The coming financial disaster in a nutshell

RealEconTV (Link) - malekanoms (November 11, 2010)

Reality check in less than seven minutes

I don�t know what I can add to this other than to say that this whole video is less than seven minutes long.

Meanwhile, the entire output of the mainstream news media - thousands and thousands of hours - fails to illustrate these facts. Here�s the situation:

The Fed working in conjunction with a handful of banks has been systematically looted the people of the United States for year (decades really.)

Recent hits include the Internet stock bubble, almost entirely a creation of the Fed and a few criminally minded investment banks.

They (the Fed and banks like Goldman Sachs) were allowed to get away with it, so they did it again with the so-called �Sub-Prime� fiasco which in fact was premeditated and carefully organized fraud on a massive scale - and it appears they are going to get away with that too.

Now the Fed is �easing� trillions of dollars from away you to the banks again and, now, after you�ve been ripped off to the tune of trillions of dollars, you will pay every penny for �the cure� in increased taxes and reduced services and benefits.