Four Biggest Banks in America have Huge Leverage

from USAWatchdog

You must remember the U.S. still is at the epicenter of the ongoing credit crisis. At the moment, America looks like it is in better shape than Europe, but that will not last. According to the latest report from John Williams of Shadowstats.com, “The root source of current global systemic instabilities largely has been the financially-dominant United States, and it is against the U.S. dollar that the global markets ultimately should turn, massively. The Fed and the U.S. Treasury likely will do whatever has to be done to prevent a euro-area crisis from triggering a systemic collapse in the United States. Accordingly, it is not from a euro-related crisis, but rather from within the U.S. financial system and financial-authority actions that an eventual U.S. systemic failure likely will be triggered, seen initially in a rapidly accelerating pace of domestic inflation—ultimately hyperinflation.”

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