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Eve
Lv 6
Eve asked in Business & FinancePersonal Finance · 1 decade ago

What besides the mortgage issue + there not being enough money in the banks is causing all this financial...?

drama? Basically if everything was ok with those two, would everything else fall back into place?

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  • 1 decade ago
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    That Can't make it better. The problem is called hyper inflation. Our money is actually worthless now and it's beginning to catch up to the Economy. Before the US Dollar we would buy goods with gold and silver. Our shady government devised a plan to take all of our gold and give us paper to represent it. That would have been fine, but.....A corrupt government can keep printing up paper, even when we don't have gold or silver to represent it (thst's why we have no more silver certificates).

    America also convinced other countries that our Dollar was good as gold. U ever been to another country and had to exchange money? You cant spend American Dollars in most countries, you have to switch currencies. So when somewhere like China has 1million American dollars, we owe them 1million in gold, but we printed up so many dollars that we don't have the gold or silver to represent for it.

    On top of that, there is so much money that the price of everything goes up to balance things out. When you deposite money in the bank, they are allowed to take %90 of that money and loan it out. If You deposit 10 million, they can loan out 9 million and they charge interest on it. SO when you go to withdraw that money, you get it back, and someone else also has it. Where did this extra money materialize from? It's all digital. prices begin to rise to account for the extra money in our system, people begin to spend way less, the the stock Market starts to crash.

    And the icing on the cake...They make up this fake bailout plan and create 700billion more fake dollars (why do you think the first plan was rejected?). They give it to the rich companies. these companies invest the money in something real and tangible, so that by the time inflation comes back around. our Economy will collapse inevitably and they walk away still rich.

    This will happen in US. Canada and Mexico. The Economy will be our common enemy then we will unite, Starting the "North American Union" (NAU) Making our constitution obsolete. look it up (NAU), and our new currency will be the "Amero". Bush already signed for it. They have been planning this for over 60 years right under our noses. That's how you take away someones freedom. Make them totally dependent on the government. Let's hope Obama has the heart to stand up like Kennedy did. Find out who these people are. Time to wake up and fight back.

    Don't just believe me..Research everything I said.

    Here's what's going on

    http://www.youtube.com/watch?v=-cF62QpvDok

    Heres who's doing it..and why. (11 vids)

    http://www.youtube.com/watch?v=rVQqeAhBvek

    Source(s): Self research
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