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Detailed text transcripts for TV channel - MSNBC - 20120106:21:29:00

what is the greatest symptom of the screwed up banking system on the street? is it the joblessness? what is it? and how do we address it? it is the joblessness, one of them, but there are many other problems that they cause. we have zombie banks in history, we had them in japan, we had them in the u.s. in the 80s. and until we dealt with them the problem is they suck all the money. they suck money. and when we finally address the issue, the taxpayer ends up paying double, three times, four times more. so we end up with the bill, always, and we pay more. but meanwhile, because this is so global, it s european banks, it s u.s. banks, and the world economy is caught in a spiral, which it can t get out of. i mean, we re talking about it can get out of it. it can get out of it. you ve just got to cancel the debt. the mathematical opposite of canceling mon printing money is canceling

Detailed text transcripts for TV channel - MSNBC - 20120106:21:29:00

the street? is it the joblessness? what is it? and how do we address it? it is the joblessness, one of them, but there are many other problems that they cause. we have zombie banks in history, we had them in japan, we had them in the u.s. in the 80s. and until we dealt with them the problem is they suck all the money. they suck money. and when we finally address the issue, the taxpayer ends up paying double, three times, four times more. so we end up with the bill, always, and we pay more. but meanwhile, because this is so global, it s european banks, it s u.s. banks, and the world economy is caught in a spiral, which it can t get out of. i mean, we re talking about it can get out of it. it can get out of it. you ve just got to cancel the debt. the mathematical opposite of canceling mon printing money is canceling debt. if can i print money out of thin air, i can delete a few zeros on

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