It would take me practically forever to respond fully to this article, given that every sentence requires three paragraphs of refutation. That’s what Thomas Sowell said about leftism: its bumper-sticker slogans at times require volumes to disprove. I’ve already addressed most of Gregory Hilton’s complaints. See the following:
Has it occurred to you that all this financial turmoil is happening over stuff that doesn't even exist except in the Bankster's heads?
It's all made up, airy fairy stuff they made up in the first place. It was NEVER "real" money...it's even more made up stuff that the "fiat" fractional reserve currency is because they didn't even print it.
The Global economies are collapsing simply under the weight of "exotic" instruments (read "made up stuff"") that supposedly turned into "toxic assets" that could NEVER be paid back, within a system conjured up out of thin air in the first place.
I don't think we owe anybody anything. Besides, our guns are bigger than the IMF and the World Bank...I think we could tell them all "Ok, here's the way it's gonna be...all debt's are forgiven, everything that the Government didn't authorize as MONEY is NOT MONEY and should come off the books"..."Now, we're simply going to reboot and run our virus cleaner and all "toxic assets" will be removed from the system...and we in America are going to revamp our financial structure and make something that works for the Common Wealth of our citizens, and we suggest you do the same thing over there."
Any problem with that idea?