With this upcoming nationalization of the nation’s financial system, we can look for a number of things. First, the dollar will continue to take hit after hit, just after it did when the Bretton Woods system finally collapsed under its own weight in 1971.

Second, this will be the way that energy leftists take control of the system. It will be much more difficult for power companies to get financing of their projects that people like Al Gore claim are not politically-correct. Instead, they will direct investments toward those projects that never would make it in a free market.

Third, as the system implodes — as it surely will — the political classes and the media will take it as “proof” that capitalists are greedy and cannot be trusted, and that the government needs to take even more control.

In my recent lifetime, I have seen literally all of life be politicized. Be it religion, sex, education, food, and even the weather, everything now is under the “guidance” of the political classes.