Monday, May 23, 2011

Former assistant Treasury Secretary: "The Whole Thing Is a Fraud"

Market Ticker

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Among things he said:

On what recourse for the ordinary people exists: "Overthrow the government .... and put these people in jail." (!)

"(Would default be "catastrophic"? - Max) PCR: Catastrophic for who? The American bankers?"

"We think we have democracy...... but where is the democracy?"

He's also on the same page as I am with offshoring and its consequences.

Call him a kook? Uh, maybe not.

Take the 25 minutes. It's important.




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