It is a giant mess, but I think for them to say it is "over complicated" is a cop out to trying to understand how it does work. My feeling is they don't want us to know how it works, because it is probably criminal. If the system was run with integrity and sustainability we would not have large boom and busts, that shows me that as greed grows the probability of a financial problem erupting increases.
http://prorev.com/2009/03/how-north-dako...could.html
North Dakota interesting about their banking system.
http://prorev.com/2009/03/how-north-dako...could.html
North Dakota interesting about their banking system.