More Extortion By The Banks

"The economy cannot resume sustainable growth and health until and unless the causes of the mess are remedied, as all of the above have led to unsustainable debt levels throughout the economy. The current "remedy" being applied is to pretend the bad debt does not exist, pretend the excessive leverage does not exist, and meet the cash flow requirements by loading even more debt into the Federal Government. This is a Ponzi Scheme writ large that is unsupportable in the medium and long term as a consequence of mathematics, irrespective of whether or not policymakers and banksters want the scams of the last two decades to continue."