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Does everyone know what is going on in the financial markets?
To really understand the underlying root of all the financial problems watch this video about the creation of money from thin air it gives you the understanding of whats really going on "tODAY".
http://video.google.com/videoplay?docid=-905047436...
And then read this whole page of information about how our forefathers Lincoln - Roosevelt - Thomas Jefferson and more said that the monetary system as is setup (THEN AND NOW) will result in exactly what you have now in the markets "TODAY".
http://www.fdrs.org/federal_reserve.html
and as a bonus see this narrated slide-show about the scam that wall Street is today.
http://video.google.com/videoplay?docid=4490541725...
I would like to see peoples thoughts after reviewing the above information.
I bet you will have a different view (From whatever yours is now) finding out the truth as to the shenanigan's being played on the American Taxpayers.
Jock
4 Answers
- Anonymous1 decade agoFavorite Answer
In brief: Greed, Corruption, and Malfeasance, coupled with the wanton hedonism of the people.
- 1 decade ago
The lax and irresponsible loans against homes & easy to get morgages caused this problem and also caused home prices to boom. I wish their was a way to retroactively tax the people who ended up with huge price increases on their homes. So many people put low amounts down for many homes, flipped them and made a fortune. It would be nice if those profits could be highly taxed. I think the capital gains exemption of $500,000 (250K for singles) is far to generous, perhaps eliminating that will help to decrease our deficit. People don't seem to understand that these lienent loans have been boosting home prices for years artificially (much faster then the rise of the stock market) and the home prices need to come down a lot more in some areas (down to 2003/2004 prices).
