We are currently in an economic depression that will probably last several years.
Although the depression probably isn't’ news to any one, how we got; here may be.
Our government borrows money from the Federal Reserve ( money it creates out of nothing) rather than simply creating its own money. Your federal tax dollars goes to pay the interest on that money. An elementary school student could see the foolishness in paying interest to someone (Federal Reserve) to use their own money..
Not one economic pundit in the media ever mentions this simple fact.
The bad home loans did not cause the economic depression. It is derivatives that is the problem, these toxic assets are being propped up by the bailouts. Originally the money was said to be going to mortgages, it didn't happen. The 9.7 trillion dollars given to banks (a reward for bad business practices) could have paid off 90% of the mortgages in America.
The banks are using the money to buy other banks. In the end the institutions responsible for the mess, said to be too big to fail will own everything and the American taxpayer will foot the bill. What happens when these crooks own everything? If we cannot afford to allow big banks to fail (a myth) then why make them even bigger? Doesn’t logic dictate that small banks are needed so that in the future banks can be allowed to fail for poor business practices?
Unless we wake up our children will never see the standard of living we have now , and we will be to blame for not reigning these in criminals .
Bad banks need to fail and their good assets be transferred to well run banks. The good banks are suppose to swallow the bad banks, not the other way around.
A welfare mother scams $500 in food stamps 10 o’clock news, banks steal trillions, no real discussion in the media..
Bankers have taken a line from Shakespeare
“What fools these mortals be”
The problems can be corrected by putting an end to the policies that created it. Eliminating the Federal Reserve, fiat money, and implementing a pro business tax plan. We must allow bad banks to fail while empowering those that have done good business. Take your money out the big banks and use community based banks. The scam doesn’t work if we don’t cooperate.
What can we expect if it continues:
Real unemployment will top 25% rather than current 18%, yes 18%
As they continue to print money the value of the dollar will fall, inflating prices and interest rates
More bank failures
More home foreclosures
A new currency may be introduced
Cuts in social security and other programs
This is a money grab, In the end these banks will buy companies at pennies on a dollar and further consolidate their wealth. The American standard of living is being deliberately destroyed, what will you tell your children when they ask why didn’t you stop them?
Economics
President Andrew Jackson
Warned us that if we allowed the banks get control of our nations money supply this would Happen.
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How we got here and why?
The Global Warming Con Game is an attempt to bring the control of all resources under one group. Virtually every aspect of our lives involves carbon as it is one of the basic building blocks of life. If you can tax it you can control not just one country but the entire planet.
Part 1
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Part 2o
Part 3
