The marginal con men will get hit the first and the worst: Nigeria charges its central bankers.

My long standing view has been that the banking elite were going to be taken down as part of the collapse of the global debt Ponzi and today's story provides more evidence of the correctness of that view.  In it, six (6) of Nigeria's central bankers were charged with fraud and 16 other commercial bankers were charged with conspiracy in the matter.

Folks, this may be backwater Nigeria we are talking about here but they have their good old boy's club just like every other corrupt, Mammon-Money nation of the world and this amazing news has captured some pretty big fish in the net net of justice which is part and parcel of the return of conservatism to the herd.  Thinking people need to be asking themselves, why now?  Why have these Nigerian elite lost all, and I mean all, of their power over the population?

It would be significant enough if the charges only covered the powerful commercial bankers but to directly go after the highest bankers in the country like that tells us that something big is going on over there.  The Mammon money controlled by these central bankers is apparently losing its control over people and my hat is off to the Nigerian people for standing up to these blatant criminals and for providing clear proof that bankers do not really control anything more than what the people say they control.

We may not have hit Peak Credit globally yet but it very much seems like we have hit the point of diminishing returns for public support of those who control the credit and because of this we will very likely be seeing the credit graph line turn downward in a significant way soon.