Are The USA Banks / Banking System Solvent?

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Originally Posted by enjoythemusic

Interesting PBS special documentary just posted.

Thank you for sharing this video!

Well, it shocked me. For example the "food bank" and the lots of people there... it was something which I don't understand. Firstly, I never heard about this in the media I can read here in the EU. Of course, it's not a big surprise, but for me it was shocking to see this HUGE LINE OF EXPENSIVE CARS "driving through" for food. I can't undestand: how can a person have such a car who has a problem with feeding his/her family? In Hungary, with such cars you surely got nothing for free, because you will look like "rich". I think, it's something I will never understand, as we live a totally opposite life. Not just like a different system, but like we used to live our life on a different planet.

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Despite the aboves, the movie was a great summary in my opinion. I was a little bit surprised how many persons were involved in this movie, and I really appreciated their opinions. In my case, I'd liked Mohamed El-Erian the most. He is still such brillant as he was when I met him in an event about a decade ago. I liked his clear view again, but as in the last time his predictions were perfect, so I'm not very happily look forward for the near future. In the other hand for example I never heard about Neel Kashkari, but he was a very suggestive person for me. I think, he reminds me the Pharaos of Egypt and the way they could rule their land. I don't want to became his enemy

At the end of the movie, I was quite surprised, that they concluded in general that the lifeform of the US persons can't go on this way. To state, that the FED is NOT a democratic instrument, and the US needs an almost completly new financial system... make by politicians? This sounds like the financial system was completly failed, and they intend to push the "reset" button before the "game over" appears on the displays.