It's dishonest when the Federal Reserve pretends that it's working on a solution. The banks should have been allowed to fail. It would not have been very costly. The FDIC would have saved the deposits. The amount of money they needed to print to save the deposits was miniscule compared to what they've spent trying to save the banks -- and to the damage they've done to the dollar, and the economy.

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I had an interesting -- and critical -- discussion with Eric King of King World News about the frightening reality of America's ultimate collapse.

Authors Website: http://www.paulcraigroberts.org/

Authors Bio:

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available here, and How America Was Lost, can be ordered here. His latest book, The Neoconservative Threat To International Order: Washington's Perilous War For
Hegemony, can be ordered here.