Kelly is trying to cover a whole range of monetary and social dysfunction we now suffer eg defining "quantitative easing" as counterfeiting.She is right since the private banks have been creating money from nothing money which devalues the people's currency and they have the audacity to call it debt.This wealth they've stolen,should not be expesssed as debt.

The bankers have used bailouts and counterfeiting to prop up their casino called derivatives.The derivative market is 20 times that of the World's GDP and they have used things such as credit default swaps to attack Greece,Spain,Italy Ireland.95% of the loans of Fannie and Freddie were fraudulant and no one has been charged.The money was stolen.

During the 1930's Great depression they used the Glass Steagall Act to separate good investmensts from the toxic derivatives.All our pollies are so corrupted now by these bankers, that they will not protect the people.

If your super or investments are tied up with derivatives,you will lose big time,since this market is 20 times bigger than the real economy. http://www.globalresearch.ca/

A good article, which raised many good points.
It should never be forgotten that Capitalism is wholly and solely about competition. The irony is, the most successful and ardent Capitalists hate competition per se; they want to win.
It should be self evident that this is one competition where it is absolutely vital that the ball stays in play.
Forever.
No winners.
Obviously, this is simply unachievable without some fairly stringent rules. Yes, some players will be more successful than others. Yes, many people won't care to play the game at all. But to date, Capitalism has been the most successful system at offering everyone the greatest amount of freedom to pursue whichever lifestyle they choose; and for that I believe it is the system most worthy of defending.
The competition must continue.
If your town or suburb has 2 tyre services, both owned by the same company, that is an assault against Capitalism.
If your T or C has 2 Chemists owned by the same mob, or 2 Grocery stores, or 2 service stations...
Or if all or even most of the shops in your favourite shopping mall is owned by the same corporation, that is NOT Capitalism.
This is the fight of this century. To reclaim true Capitalism, and reject “Degenerate Capitalism”.
We don't need Corporations 'too big to fail'.
We don't need billionaires.
We don't need starving children.
And we don't need to nationalise anything.
What we do need is a democratic government which is the “Competitor of Last Resort”.
Instead of giving money away, so young home owners can qualify to be fleeced, Governments should offer low fixed interest first home loans.
If the banks can do better, good.
Fixed interest, government backed and guaranteed loans, unable to be sold, swapped or used as de facto currency would be a very strong step towards eliminating housing -and retail- bubbles.