Defaulting banks - where will it stop?

[Peter Lemkin]

A difficult conversation to listen to...but may I suggest you must. Chossodovsky on the Collapse of the Economic System; the why and who's behind the why......plus what to expect...it is VERY bleak, but with a small ray of hope.....[small being the operative word.....but on which we must seize and act!] :itsme: If 20% of what he says will come to pass, kiss you past life goodbye and prepare for a decade or more of deadly chaos, suffering and strife. Without the strife, you might as well tatoo your own arm and sew your own stripped camp clothes.....

...more and more I think the powers-that-be figured-out the Public was catching on via internet to their MO - and made the decision only putting the whole population into Extreme Martial and Economic Control would spare their 'heads'. This is now for sure the follow-on to 9-11-01! What a brilliant idea to have an Obama Admin follow the terror of Bush.....'Bad Cop; Good Cop' Routine - but Cops! He predicts ever more and more authoritarian governance, worldwide, with the 'engine' in the USA.

http://www.kpfa.org/archive/id/49073

"America's Fiscal Collapse - Obama's Budget Will Impoverish America" with economist and author, Michel Chossudovsky. The administration's 2010 budget will entail the most drastic curtailment in public spending in American history, leading to social havoc and the potential impoverishment of millions of people. Defense spending and bank bailouts will consume all government revenue resulting in fiscal collapse that will lead to the TOTAL privatization of the state."