Quote:
Originally Posted by JimMorrison
Quote:
Originally Posted by Azselendor
But they also see problems rising up let right and center and nothing being done to fix it except piles of money being chucked at it in the hopes we can bury it with debt.
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Because what happens when we are low on money? The "Federal Reserve" prints more, and "loans" it to us. Where do they get it? It's paper. Who are they? The heads of the largest banks in the world.
Eventually we will owe the Federal Reserve so much money, that they could declare the nation bankrupt, and attempt to seize the "hard assets" of the nation, in order to recoup their "losses" (of "paper" that they "loaned" us). We already gave them Fort Knox to "hold onto". |
I don't subscribe to world bank conspiracies. Our current economic crisis is a direct result of the federal reserve authorizing banks to issue money that it didn't have (credit means new money printed) without securing a means to recoup that money. High gas prices and rising prices in general are a direct result of the inflation this has created.
Now one of the things that really irked me was McCain saying the gov't would buy up all the bad mortgages at the loan's value, then sell it at current market prices. In many cases the gov't will be dumping this property at a loss.
And mind you, the government would then hold all public lands in the mean time..
Welcome to the Soviet America.