America’s Big Five Are Plunging the World Into Another Banking Crisis

[yankeedoodle]

Very interesting interview with Peter Koenig, a Swiss economist who used to work for the World Bank.  He says gold certificates issued by banks are only 10% backed up by gold - they use the fractional reserve trick here, also.  And, he said that US banks will not be bailed out by the government if they fail again, and, instead, they will take the money from the depositors, as was done in Cyprus.

15-minute audio and transcript at this link:  http://sputniknews.com/radio_burning_point/20141218/1016001652.html