From “Zeitgeist Addendum”
“It is no measure of health to be adjusted to a profoundly sick society” J. Krishnamurti . . . .
The fractional reserve policy perpetuated by the Fedreal Reserve which has spread in practice to the great majority of banks in the world is in fact a system of modern slavery. Just as the Federal Reserve keeps the American public in a position of indentured servitude through perpetual debt, inflation, and interest; the World Bank and the International Monetary Fund serve this role on a global scale.
"None are more hopelessly enslaved than those who falsely believe they are free". Johann Wolfgang von Goethe 1749 - 1832
As of now the world financial system is on the brink of collapse due to its own shortcomings. The Comptroller of Currency stated in 2003 that the interest on the U.S. national debt will not be affordable in less than ten years. This theoretically means that total bankruptcy of the U.S. economy and its implications to the world are immense.
The fractional reserve based monetary system is reaching its theoretical limits of expansion and the banking failures you are seeing are just the beginning.
This is why inflation is skyrocketing, all debt is at record levels, and the government and the fed are hemorrhaging new money to bail out the corrupt system.
For the only way to keep the banks going is by making more money.
The only way to make more money is to create more debt and inflation.
It is simply a matter of time for the table to turn and there is no one willing to take new loans.
Defaults grow as people are unable to afford their current loan, then the expansion of money will stop and contraction will begin on a scale never before seen -- ending a century long pyramid scheme.
This has already begun.