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| Von I agree with most of what you say. So lets move all the derivitives into the depository arms of the big banks before the big explosion. That will give the banking regulators control. The minute there is one claim on those derivitives the U.S. treasury dept steps in and takes control of the monetary supply essentially shuting down the fed. No more money, the derivitves are worthless, the U.S. citizens have just basically defaulted on the fed, bankrupting the big banks. The treasury seizes and garauntees all deposits and assets. The treasury sec and the US attorney bring crimminal charges for envolving the citizens in illegal contracts, racateering, fraud, ect. Foreign banks and countries are left holding worthless garauntees. The treasury could elect to lend or not to lend to these foreign countries. That would probably depend a lot on the satus of the dollar. I know it's a lot more complicated than that and like you've said it will take leaders with huge balls but it has to start somewhere and the "to big to fail" have to be brought down and held accountable. The federal reserve sysetm needs to be recognized for what it is, a failed experiment that went terribly wrong. | |
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