Joe Saluzzi on Bloomberg TV

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Uploaded by on May 12, 2010

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News & Politics

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  • Joe says "You don't build debt. You have to stop somewhere." Um...that is 100% correct Joe, but you know as well as I that the Federal Reserve Note (FRN) is debt. If the debt is paid off, the FRN would no longer exist. The US currency, ( world's reserve ), is borrowed into existence and is debt. The core of the world's financial system is ill-conceived. Or rather it was conceived correctly, if you are those who collect the interest and wealth that come from the social destruction, the goal.

  • thx 4 posting

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