The Logic of the System

The losses for the US and European banking systems already are in the trillions of dollars. As long as the interest rates rise again, you're going to have debts double and redouble. The economy will be shrinking and shrinking. You'll have an even bigger pyramid of credit and debt. They're the same thing on a smaller and smaller industrial base. This is indeed Michael, the logic of the system. And we totally agree on that. However, there are, as I say, deep contradiction in this, because what we are looking at is a financial system which is presided over by authorities who can be relied on to fight tooth and nay to keep the system private. Even as crisis after