Lew Rockwell blogs:
There is no question that that we are in uncharted waters. Never in history have all countries had entirely fiat money systems and fractional reserve banking, let alone the biggest artificial boom, driven by central banking, in history. Here is what we know: the criminals at the Fed, its subsidiary central banks and their pals in banking and finance have wrecked the world, and made us all much poorer. But why are Obama's two early backers, Soros and Volcker, admitting to the size of the crisis? The better to erect a totalitarian state, and to justify the push to rip the rest of us off in even more frenzied fashion?