“Will It All Come Tumbling Down?”
The Market Ticker writes:
At 5% of non-performing loans a bank is at risk of being insolvent.
But the entire banking system in the United States had its non-performing loan ratio increase from 5.58% in the first quarter to 6.49% in the second, a record, and higher than the 5% level at which the survival of a bank(ing system) is threatened with collapse.
Hmmmm…. So should we take from this that the entire US Banking System is about to collapse?
This much we know for certain - you’re being screwed - systematically - to cover the sins of these banksters who made loans to people who they had no reason to believe could pay…
This is the problem with allowing the blatant and outrageous fraud in our system to continue: Those who are prudent, who have done only good and not bad things, get reamed repeatedly and are forced, at gunpoint, to pay for the sins of those who committed that fraud.
Yet we, as Americans, permit this…
Folks, wake the hell up.
Read the whole thing.
Emmanuel Goldstein captured the dynamic well. What happens if “Don’t Tread on Me” becomes “Come and Take It?” What happens if it doesn’t? Federal power apparently knows no other bound.
What builds trust? What destroys it? What store of value is safe? What if the ideas of the Austrian economists are correct?
