Comments from James Corbett:

If these banksters really do believe themselves to be the “heros” doing “God's work” for the greater good of society, then we're really in trouble. Because that kind of detachment can only mean one thing: imperial hubris. That's the type of arrogance that, historically speaking, tends to descend on ruling cliques after they've wielded too much power for too long. Think Caligula trying to appoint his horse as Consul of Rome or Pope Alexander VI chasing prostitutes through the Vatican or Marie Antoinette's “Let them eat cake.” For a more modern example, think of North Korea, the only country in the world who's head of state has been dead for 20 years and whose population are taught that Kim Jong-il invented the hamburger. Power corrupts and absolute power makes people stark raving bonkers.

The only conceivable bright spot in all of this is that the current ruling clique of banksters can only think of themselves as “heros” doing “God's work” so long as there's a system left to rule over. But at the rate things are progressing, there may be nothing but smoldering rubble to preside over soon enough. Inflation expectations are soaring as QE3 becomes a question of when, not if. Timothy Geithner admitted this week that the Treasury has been engaged in a circular fraud with Fannie Mae and Freddie Mac, advancing them money to pay dividends back to the Treasury for years. U.S. governmental foreign debt has just spiked over $5 trillion. The lid has just been blown off a secret program in which regulators have been coordinating with America's biggest banks to plan how to dismantle the banks in the event of systemic failure. And now speculation is rife over major moves George Soros has made to unload investments in financial stocks and buy up gold shares. The signs continue to mount that we are hurtling toward collapse.