The Big Banks Are Waging Warfare Against the People of the World

Michael Hudson is a highly-regarded economist. He is a Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research. He is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund.
Hudson says:

• The European debt crisis is really financial warfare by the banks

Indeed, the banks are in warfare against the rest of society

• What's going on in Greece is exactly what's going to happen in America in a couple of weeks.

• The big banks are forcing their bad debts on government

They are also forcing governments to sell off national assets so the banks can install a "neo-feudalism"

...
As the wholly non-partisan Australian economist Steve Keen notes:

• "This is the biggest transfer of wealth in history", as the giant banks have handed their toxic debts from fraudulent activities to the countries and their people

The big banks blew bubbles - using fraud - because that's the only way they could make obscene profits (see this for for details)

http://www.washingtonsblog.com/2011/07/big-banks-are-waging-warfare-against.html