Steve Laffey goes over finance with Great Host Jimmy Lakey. We are just at the beginning of a really bad Debt Cycle, which I told you was happening NOW, when I announced for Pres.
No high depositer bail outs.
Inflation at zero.
Yes, reinstate Glass Steagall. No more speculative investments of what should be simple warehouse banking.
Yes, need smaller banks -- limited purpose banking -- not these oversized speculators who don't even know their customers. Top 5 banks in US controlling 70% of assets. This can't be good!
Fractional banking reserve system and all the intertwining of banks with each other makes it real easy for an economy to crash quickly. Ten million dollars of FDIC insurance? As if!
And 'Debt IS Too Damn High!' -- yes!!!
Let's end this nonsense and Save The Middle Class, and elect financial expert Steve Laffey to do this!