Comment: Former US Treasury Official - US Financial System To Collapse

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Former US Treasury Official - US Financial System To Collapse

The United States is now an import dependent country. It doesn’t produce its own manufactured products, clothes, shoes. These import items dwarf the import of oil or energy. So what is the potential for happening when these bubbles burst is widespread unemployment, and a rapid increase in inflation, before which the economic policy has no known solution.

... It is frightening, and it shows the extent to which the economic policy of the United States is misused in support of four or five big banks that are ‘too big to fail’ ... We now have one bank, JP Morgan, which has derivative exposure equal to the (entire) world’s GDP....

Continue reading the Dr. Paul Craig Roberts interview below...

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/...