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Re: thistime post# 11636

Thursday, 04/02/2009 8:27:34 PM

Thursday, April 02, 2009 8:27:34 PM

Post# of 24269
This is a problem because...

DEBT is about $11 trillion plus $53 trillion unfunded liabilities i.e.health care and social security, the actual debt is over $60 trillion in debt and compounding. This is a problem because...

America has the largest trade deficit in the world. America on average consumes more than it produces. China has the largest trade surplus in the world. This is a problem because...

America still has a negative savings rate. The last time that happened was 1933 and 1934. This is a problem because...

99.9% of American money supply is created by private banks using the magic of Fractional reserve banking.. The other 0.1% is coins. This is a problem because...

If you allow people to pretend they have money and lend it at
interest, you’re going to wind up with a spiral of debt and inflation,until it can’t spiral any higher. It will have to collapse. This is a problem because...

Foreign demand for long term treasury bonds has faded. The Fed is now buying its own bonds in effect monetizing debt. The next bubble may be government bonds. This is a problem because...

There is a $600 TRILLION Radioactive Monster called 'Derivatives' and Hyperinflation Lurking in the wings. This is a problem because...

The "Plunge Protection Team" has been authorized by presidential order to use U.S. taxpayer money to manipulate markets to make them appear healthier than they are. This is a problem because...

Foreign governments like China and Russia are already calling for a new global currency. The Khaleeji is the proposed gold backed common currency of the member states of the GCC. This is a problem because...

The world’s reserve currency is US dollars and if dethroned the US can no longer hold foreign banks hostage through there reserve holdings. This is a problem because...

The government reports the unemployment is rate is 8% in reality it is already 10% or higher and increasing. This is a problem because...

America needs to increase its manufacturing base and increase exports as well as be globally competitive. This is a problem because...

It is nearly impossible to be globally competitive from a labor stand point with China and India. This is a problem because...

At some point in the near future the US will not even be able to pay the interest on the compounding debt. This is a problem because...
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