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On 15/05/2011 4:12 PM, wf3h wrote:
On Sun, 15 May 2011 15:59:48 -0600, wrote: On 15/05/2011 6:24 AM, wf3h wrote: On Sun, 15 May 2011 07:56:59 -0400, wrote: now the right's so desperate they're denying wall street exists! I've walked on wall street. It's not what yiou think it is. america can see what you've done. i hope you're proud of the wasteland you've made of this country some people try to build america wall street doesnt count Biggest cause of US downfall is fleabagger DEBT. yep the right ran up the credit card and didnt figure out how to pay for it. To fix will be fleabagger fear of: - balance the budget without more taxes. - borrow real money and cancel fraud/ponzi moneys. - shake the parsites off of the taxpayers hind tits. - make bailouts a federal corruption offense, rico like act on corruption. meaningless. what 'ponzi schemes'? you talking about the CDS's engineered by the right wing after deregulation of our economy? gee. and your recipe it to put those guys back in power. Here is a good one. Government needs $600B as some T-bills are coming due and the holders want their money. This would be the equivelent of 1/2 the income taxes collectd in a year but due all at once, just one months of t-bill renewals. Now sich the government cannot borrow, as no one in their right mond lends to US feds right now much less any other defunct debtor in the US the US Fed gets involved. Now instead of letting its biggest creditor default, or go to the markets and pay a fair rate of interest, the US Fed creates $600 billion of new no-value money that is dilutive to the currency, and also adds about 8% inflation for this one transaction. Hell, China does not lend to DC any more, neither do Americans. Now as an investor, be you a millionaire or billionaire you say wait, why should I invest or loan money out at below inflation and be taxed for insult, and loose value each year? Of course these see it. So they move thier investment capital to China, Brazil, India, gold, silver or where ever to preserve wealth during the pending currency collapse. I say currency collapse, as like the Mexican peso 2 decades ago, it was revalued, depreciated and revalued sever times. It is going to happen in the US shortly. Rich know this. Prety bad today, the Mexico peso is appreciating to the USD. Yep, the Bernanke currency fraud, just waiting for the collapse of the USD because Obama hasn't got the balls, neither does congress, to cut government to fit what people can afford. Little people get crushed in this, for many it will get down to food or mortgage. Rich, we buy oil and gold. -- Take a look at ANY country, more debt is more problems. So why do we allow our governments more debt? Selfishness, greed, denial, ignorance? |
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