One Swiss banker is free of the idiocy afflicting many of his cohorts. From Egon von Greyerz at goldswitzerland.com:
The financial system is terminally broken, toast, kaput!
Anyone who doesn’t see what is happening will soon lose a major part of their assets either through bank failure, currency debasement or the collapse of all bubble assets like stocks, property and bonds by 75-100%. Many bonds will become worthless.
Wealth preservation in physical gold is now absolutely critical. Obviously it must be stored outside a broken financial system. More later in this article.
The solidity of the banking system is based on confidence. With the fractional banking system, highly leveraged banks only have a fraction of the money available if all depositors ask for their money back. So when confidence evaporates, so do the balance sheets of the banks and depositors realise that the whole system is just a black hole.
And this is exactly what is about to happen.
For anyone who believes that this is just a problem with a few smaller US banks and one big one (Credit Suisse), they must think again.
STRAIGHT LINE LOGIC 
But, but, but, what if China refuses to make and service the printing presses. (honk!)
Who will be the scapegoat when Weimar Wheelbarrow and Zimbabwe Wallpaper won’t even get a day’s worth of groceries?
Will there be enough social welfare for everyone with a non-existent border and economic migrants coming over by the millions.
Cloward-Piven baby, yes we can!
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The Jews have been into finance for MANY years.
Who do YOU think is behind this?
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