This economic meltdown is no accident folks

[triffid]

Yes,the pictures are so pretty.Triffid

[Killer Miller]

Its 9/11 steps all over.

Problem

Reaction

Solution

[Sprocket]

Interesting how the markets responded to the EU's move at stemming the blood-letting - the Dow had it's highest-ever advance today - compared to the markets tanking when the US plan was finally approved!  It would appear that even the US markets realise the greenback is living on borrowed time...

The down-side of the EU move is that if this doesn't work (they appear to have thrown everything, including the kitchen-sink at it!) - we're screwed!!!

[GeoscienceStudent]

Howdy Y'all,

Grow hemp, and chiles, and tomatoes, and onions, and lots of other stuff, but mainly hemp.

Don't forget barley and hops....

Blessed Be

Sad thing Zmonkey is executive order http://standeyo.com/News_Files/Exec.Orders/EO.12919.html
gives FEMA the right to take your stuff and redistribute as deemed necessary in time of crisis.

[supermike]

Fractional Reserve banking allows banks to loan out 10 times what they hold on average. (rates vary slightly according to assets and the loan risk). This is actually money made out of thin air.

There is no reason why a bank can't bail itself out using this method, but actually there is never any need for a bank to ever need bailing in the first place.  All of these financial breakdowns and crashes are engineered by the world banks to allow foreclosures on loans. WHY?

Did you know the Federal Reserve is a private company? Do you know why they like recessions?.


Because when a person pays their mortgage in full,  the banks get the interest plus the original stake. But when they foreclose on a loan, they get everything paid up to that point, and the whole property. It is much more profitable to foreclose, but they need an excuse the public will accept, Usher in the recession and call in the loans.

If this sort of thing interests you check out http://www.xat.org/xat/moneyhistory.html