Current Events — HabitableZone

Current Events » in reply to Fed cuts rate 1/2 point.

You really want to know what's going on?

We're bankrupt.

From a friend of mine who puts it this way:

>"The same kind of joint effort is true about the economy disaster in the United States, which is reverberating around the globe. When your mainstream media use words like “economic downturn” and “recession”; banks are reporting gigantic losses; home repossessions are mounting; credit card debt is astronomical; stock market trading suspiciously rises and falls and rises and falls; mortgage lenders are going under; retail sales are down; small companies die and large ones send jobs to other countries where wages are at bare subsistence levels; you know that major changes in current business methods must occur.

The facts are, the United States has been bankrupt for some time—there is no foundation for the amount of currency in circulation and no means to repay the national debt—and financial turmoil will increase, not get back on a firm footing as the administration proposes will result from pouring a small amount of money into personal pockets and more into business pockets. That “spending stimulus” and measures being taken in other countries are the Big Boy's frenzied attempts to keep the lid on the global economy, which they are desperate to keep under their control, but none of their ploys will work. The ever-increasing awareness will blow that lid right off and expose the root of deepening problems: the corrupt banking system, private ownership of the Federal Reserve and its Internal Revenue Service collection agency, manipulated stock markets, and exploitation of nations’ natural resources. Their long era of worldwide economic domination is crashing around them. "

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