Collapse of the global economy is highly likely

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Subject:	FWC: "There is a systemic fraud model of an institution [Central Banks]"
Date:	Fri, 15 Oct 2010 09:48:14 -0700
From:	Jas Jain

"In an interview with derStandard.at, he explains why we can confidently ignore the banks, the free-market "bubble machine for the elites to abuse" and threatened more in the next three years, the collapse of the entire system."

The face of evil in America and in the world today is that of Ben Bernanke and people like him. Bernanke is part of a financial manipulation cabal, led by Goldman Sachs, that now has complete control of the US econo-political system. This cabal is independent of the two political gangs and the "democratic" political process. The American voters are impotent, Tea Party or no Tea Party. The current economic system is non-linear and unstable. Collapse of the global economy over the next three years is highly likely. China would be able to deal with the resulting depression much better because all Chinese would be able to see far worse problems, including widespread violence, in America and India. When things get very bad being relatively better is important. The day when democracy would be discredited is getting close.

Jas

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http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fderstandard.at%2F1285200656759%2FderStandardat-Interview-Banken-erfinden-Geld-aus-Luft

 

derStandard.at interview

"Banks invent money out of air"

Daniela Rome | 13 October 2010, 07:05

"There is a systemic fraud model of an institution, the economic system monopoly to create money through loans is given in our" says Franz Hörmann.

Why the financial system is a fraud model, which have budgets to do so and why the ultimate crash risk, says the Viennese economist Franz Hörmann

 

For Franz Hörmann, a professor at the University of Economics in Vienna, is the time for banks and money over. A paradigm shift both in economics, and in general social terms, is essential for him. In an interview with derStandard.at, he explains why we can confidently ignore the banks, the free-market "bubble machine for the elites to abuse" and threatened more in the next three years, the collapse of the entire system.

 

They assume that society and the economy in the coming years will change completely. Does our current financial and economic system had its day?

 

Franz Hörmann: Definitely in every way. Because we use from the perspective of law and economics models, which go back to the ancient Romans. The compounding system is from the second millennium BC, the double-entry bookkeeping in the 15th Century. And there is no area of our society and the sciences, where methods of this age are still taken seriously. But it serves to maintain social elite rich and powerful, so nothing changes.