May 30, 2012
Francis Cianfroccia is a CEO of an internet security corporation, an industry that's becoming more and more center stage. But when it comes to financial security and survival, he believes the US is using the declining living standards of the middle class to bolster the retirement/baby boomer generation. By sucking up all the excess capital in the markets, the US government is making it more and more difficult for people to invest in businesses and get real returns on their capital. Propping up the big zombie banks is not doing anything to improve the economy or to fuel economic growth. Francis and I both agreed that in the final analysis, these banks are not too-big-to-fail, and the government will have no choice but to let them fail in as orderly a manner as possible. The costs of keeping them on life support are increasing by the day, with absolutely no return. The financial wake-up call is coming, it's just a matter of when.
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