This is a complicated mess, and even though I’ve been following it to some degree throughout, I don’t pretend to fully understand it.

I've been finding G. Edward Griffin's The Creature From Jekyll Island to be very informative. The short answer is that the financial system is continuing to work just as the Wall Street bankers who plotted to set up the Federal Reserve, and the Fabian Socialists and Communists who created the IMF, designed it to.