At the end of 2008, the West’s puppet governments succumbed to History’s ultimate act of blackmail at the hands of History’s largest and most rapacious crime syndicate: the One Bank . “Give us all your money, or we’ll blow up your entire financial system.” That is the real meaning of “too big to fail”: institutionalized extortion, in perpetuity.

What was the real price tag for this massive extortion operation? Forget the phony numbers published by our corrupt governments and their mouthpieces in the corporate media. The total quantum for these extortion payments was in the tens of TRILLIONS . Obviously the Deadbeat Debtors of the West couldn’t raise more than a tiny fraction of that amount of blackmail money up front. Thus, most of this shakedown of (supposedly) sovereign governments came in the form of future tax breaks and “loss guarantees.”

In the Shakedown of ’08, our governments did not merely clean out every penny they could scrounge from our public treasuries and borrow every penny that they could. In addition, they mortgaged the future of our children and grandchildren by pledging infinite corporate welfare for the One Bank.

Western governments had no money left to spend on their own people after committing tens of trillions in extortion payments to this banking crime syndicate while also having to deal with rapidly rising interest payments (to the same crime syndicate) on all their new debts. So Western governments then pulled out their chainsaws and attacked our social programs.

http://www.zerohedge.com/news/2016-01-05/how-iceland-escaped-one-bank