Saw this on Friday, and it's a powerful fucking concept. It's kinda like being told that the Gulf of Tonkin incident was manufactured in 1965, or that the mob took out Kennedy on behalf of the CIA in 1964, or that FDR put the Pacific fleet (except for all the carriers) in one place with a "Bomb Me" sign on it in 1944. It's such a large conspiracy and such an awful crime that you can't help but disbelieve it.
But it's probably the case, and if so, what then? Does Pres. Obama have another option besides shining it on? What does "full faith and credit" mean, and do you want to live in a world where the U.S. dollar lacks it?
For fuck's sake, watch the video
The Raw Story | Economist: US collapse driven by 'fraud,' Geithner covering up bank insolvency
In an explosive interview on PBS' Bill Moyers Journal, William K. Black, a professor of economics and law with the University of Missouri, alleged that American banks and credit agencies conspired to create a system in which so-called "liars loans" could receive AAA ratings and zero oversight, amounting to a massive "fraud" at the epicenter of US finance.
But worse still, said Black, Timothy Geithner, President Barack Obama's Secretary of the Treasury, is currently engaged in a cover-up to keep the truth of America's financial insolvency from its citizens.
The interview, which aired Friday night, is carried on the Bill Moyers Journal Web site.
Black's most recent published work, "The Best Way to Rob a Bank is to Own One," released in 2005, was hailed by Nobel-winning economist George A. Akerlof as "extraordinary."