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Thursday, August 20, 2009
US Dollar Collapse: Fraud exposed - William Black, the former liquidation director who was in charge of investigating the S&L disaster HUI, XAU
Posted by andre at 6:03 PM
Gold is nobody's debt and nobody's obligation - it is the way to go. Otherwise there is Trust in those controlling the currency and FIAT currency is Debt from the moment of issuing. Germany was there and used its currency at one stage just to keep them warm, Zimbabwe was there and now talks about Gold backed currency.
The FIAT currency is as strong as the Trust in the government issuing it, as the Trust in the system supporting it. Watch next video - it will be a good investment:
http://www.market-ticker.org/archives/1338-Sunday-Lesson-Why-Normal-WILL-NOT-Return.html
"That's William Black, the former liquidation director who was in charge of investigating the S&L disaster.
Note that one single bank, IndyMac, lost more money than all of the S&Ls combined.
Folks, the key "take away" here is what is called "control fraud." In order for trust to be restored - that is, in order for markets to function normally, this fraud must be eradicated from the system so that normal levels of business trust can be restored.
It hasn't been.
Nobody is in the dock right now among the big banks."
Note that one single bank, IndyMac, lost more money than all of the S&Ls combined.
Folks, the key "take away" here is what is called "control fraud." In order for trust to be restored - that is, in order for markets to function normally, this fraud must be eradicated from the system so that normal levels of business trust can be restored.
It hasn't been.
Nobody is in the dock right now among the big banks."
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