World Royal VIP Community: When the History of the Financial Crash is Written

When the history of the financial crash is written, this is what will be said:

The federal reserve and its serial bubble-blowing policy, fractional reserve banking, the loss of America’s manufacturing base, huge debts, spending trillions on imperial adventures in Iraq and elsewhere, and insane leverage and speculation using exotic instruments like credit default swaps were the biggest long-term causes of the crisis
The government could have prevented the crisis if it had heeded the warnings of those speaking the truth, but because it was politically easier, politicians pretended that they didn’t understand what was going on, and tried to “kick the can down the road” so that it would be someone else’s problem
Had the government let the markets deleverage, and let cancer of malinvestment clear itself out of the market, we would have been through most of the worst by the end of 2009. But by borrowing, printing and spending many trillions of dollars we didn’t have, by artificially propping up leverage, and by taking other counter-productive actions, the government ensured a full-scale depression, and ensured that it would continue for years
Economies cannot prosper when the rule of law is destroyed and the government routinely lies. The current crash would have ended much sooner had the government been honest, and people trusted the government. The government’s lies about the Iraq war, torture, spying, 9/11, and just about everything else destroyed people’s trust that anything the government said was true. Even with sophisticated propaganda methods, one too many lies will destroy a government, a country and an economy. In addition, there were many Madoffs - titans of industry and finance and investment who were dishonest. Under the weight of dishonesty, no one trusts each other enough to do business, and the free market shuts down.

It's Not The Great Recession - It's The Great Bank Robbery...

U.S. Bankrupt
Technically, the U.S. is already bankrupt because it has a debt that is almost

four times the size of its economy

Video Transcript
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STEVE MEYERS:
My name is Steve Meyers. And I want to thank you for taking part in this exclusive Money Morning interview with Jim Rickards, the Financial Threat and Asymmetric Warfare Advisor for both the Pentagon and CIA.

Recently, all 16 branches of our Intelligence Community have come together to release a shocking report.

These agencies, that include the,

CIA

FBI

Army

Navy,

...they've already begun to estimate the impact of the fall of the dollar as the global reserve currency.

And our reign as the world's leading super power being annihilated in a way equivalent to the end of the British Empire, post-World War II. And the end game could be a nightmarish scenario, where the world falls into an extended period of global anarchy.

Jim Rickards fears he and his colleagues' warnings are being ignored by our political leaders and the Federal Reserve (FED), and we're on the verge of entering the darkest economic period in our nation's history. One that will ignite a 25-year Great Depression.

Today, we're going to examine everything he's uncovered because the bedlam could begin within the next six months. Which is why every American should hear his warnings before it's too late.

Jim Rickards, thank you for joining us. More ....