Global Research Analysis of Citibank's Demise
Nov 25, 2008
On Friday November 21, the world came within a hair’s breadth of the most colossal financial collapse in history according to bankers on the inside of events with whom we have contact. The trigger was the bank which only two years ago was America’s largest, Citigroup. The size of the US Government de facto nationalization of the $2 trillion banking institution is an indication of shocks yet to come in other major US and perhaps European banks thought to be ‘too big to fail.’
NOTE: It appears to me that the nationalization of the American banking system has begun. Perhaps it will end with the nationalization of the Federal Reserve Bank. In fact, that is the only true solution to the underlying problem. Nationalizing the Fed, and taking it away from the private bankers who now own it, would remove the real source of the problem by making money true US Notes, instead of Fed Notes. That would wipe out the debt-money system.