The only part where I believe Kaiser has it wrong is that nationalization of banks *will not* happen. There will be no nationalization of banks.

As Max says, banks have a gun to the heads of the nations of the world. The best thing we could do is turn off the Fed and other Central Banks and print our own money.

Ahh...but we can't, can we? We owe the Fed and Central Banks too much money. As do our own creditors. So we are, in effect, feudal serfs to the bank who is our king.

And who are these nations? The nations are the feudal lords.

Nations can't compete with the world corporate powers. Nor would they. The leaders of these nations benefit from the crumbs dropped by the banks and corporations. So the nations only serve to keep the serfs under control - by any means necessary - and to turn them (aka us) into a global workforce willing to do anything for the lowest dollar. Er, the lowest Euroyuan. Or whatever the currency will soon be.

The nations can't nationalize banks unless We, The People take our government back, cancel all debts, and create a self-sufficient nation of producers who create and consume our own goods and services and dollars.

And we can't do that on a national scale. But we can do it locally starting now. Keep your money local. Keep your dollars in your local economy.