“There is a debt crisis in the making. It is international. Every industrial nation on earth faces a crisis that could dwarf the crisis of the 1930’s. The banks of the world have done the bidding of the politicians, and they have loaned hundreds of billions of dollars and other currencies to the ‘less developed countries (LDC’s).’ The politicians wanted them to do this because the voters were tired of sending government foreign aid to these backward socialist dictatorships and tribal despotisms. Beginning in the 1970’s, the bankers sent the depositors’ money by the hundreds of billions of dollars.” Read more.

Honest Money
Gary North
http://www.garynorth.com/