When ? Will you people realize that there will be no recovery until the banks of the world are solvent & stop taking on more losses !

Banks are hopelessly bankrupt. Learn why.

Can you explain why ?

They can't be taking losses if the money they loan out was invented out of thin air.

They have shareholders and that's how thier valuations are evaluated by the investing public. (Balance Sheet)

Another uneducated comment. Who's next ?

The banks make money being Broke, make you broke as well .
as OTHERS privatize money the debt is made public .

1% own the world ass 99% have to kiss it ...

Welcome to basic capitalism 101 .

PS :

Dont be a deluded idiot!

As long as they engage in fractional reserve banking which is really fraudulent reserve banking they are in the red as soon as they make a loan.

The banks have zero motivation to become solvent

There is no way that the banks can be made solvent if they continue to business as usual and since governments around the world gain great advantage from their business practices, theft and fraud, at he citizens expense, I'm not holding my breath.

The only way out is to repudiate the bankers debts, then and only then will things change for the better.

That is not capitalism idiot, it is fraud and theft, and they are protected in this fraud and theft by the parasites in government, people you voted for.

You do understand that this debt you speak of is part of your 401K and IRA's. How will the evaporation of your saved nestegg make things better ?

thank you!

You're welcome, as I am just sick of people making stupid uneducated comments and crying about the system that they voted for.

well how do you make them solvent? According too wall street it is tax man kind to death?


Who knows maybe it is the only way to fix the system...

First thing we need to do is remove all non profit status from hospitals and their trillion dollar industry that will end the thieving catholic church...

we could start by not sending all jobs to china

Nobody is forced to participate in this scam. It is a tool of trade of which there are many. If you feel the need to join in the charade and invest your life's works, (represented by fiat currency)in these institutions then do not complain. Ones self-worth need not be represented by dollars and cents, rather use your energy to invest in yourself, your family, your friends and your local community. Trade labour from one skill for another. A country is basically a prison, with those in power being full aware that at any moment, if the inmates decide they don't want to be kept locked up any longer, there is little that the guards can do to stop them. This system of currency and banking will only work if the vast majority of the populace participate. Remember that you are born a free, sovereign person and live your life as such. Throw off your shackles and arise.

You cant make them solvent as the balance sheets are "Leveraged". That means, if lets say the leverage ( on bank "A"'s balance sheet) is 50 to 1 that leverage could be on 50 different entities balance sheets as a recievable (asset) The only way to remove that leveraged debt from the originating bank is for them (that bank) to pay off the $49.00 that is leveraged against the $1 of leveraged debt on their balance sheet. If this is not done it disrupts the "financial derivative stack" and the CDS (credit default swap) loop could start a stampede of the bond holders taking their financial backing of that debt with them.

Sound like a circle jerk doesn't it ?

You have to ask why they sent jobs to China. The answer that the corporation did it to make more money from cheap labor is the easy answer. The real question is why did the regulators of this country allow it ?

No bankers, no politicians, no slavery

in 1912 there was no federal income tax, no national debt, and no federal reserve bank. now we are taxed slaves.

there will be no recovery with obama at the helm and the national debt at 17trillion.

crash the economy reset the debt clock and get rid of obozo the clown along with all Liberals and Democrats.

We need a currency backed by precious metals not a Debt based currency.

Yes, we must bank out way into prosperity.

Banking the largest industry in AMerica

America, the largest debtor nation in the history of mankind.

Yes, Banks are the answer.

Fractional reserve banking will save us all

Better yet, a global bank with one world currency, we should all fall to our knees now and beg for it?

Please Lord, here our prayers!

Give total control to the bankers, and to the catholic church and to the banks of England.

Let us all bow down at their great temples and worship them as they ascend out of their buildings and walk amongst us mere mortals.

Let us never audit them.

Screw that.

Everything went to hell under Bush, republicans have blocked and continue to block sound economical principles. Obama brought stability 4 years ago, and until Obama is allowed to regulate the system like it needs to be, there will be no recovery.

What kind of crack are you smokin ? That is the most delusional post I have ever seen here on GLP.

Ever !

How can a fraud be a good thing? I truly feel sorry for all those who were conned into these things, I've known they were frauds from day one.