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18 minute video worth listening to....
Doug Casey of Caseyresearch.com predicts, "When interest rates inevitably go up from these artificially suppressed levels where they are now, the bond market is going to collapse, the stock market is going to collapse, and with it, the real estate market is going to collapse. These pension funds are going to be wiped out. Then what's going to happen? This is a very bad situation. The U.S. is digging itself in deeper and deeper."
"There's no way out," according to Casey. He explains, "It means, in the real world, there is cause and effect. Actions have consequences . . . . What could happen? You could have lots of bank failures. You could have a stock market crash. All this money that the government has created has bulled up the stock market to new highs. So, the next step is likely to be down."
originally posted by: iosolomon
I cannot stand the ignorance when it comes to money. MONEY IS IMAGINARY!
Hey, if you people want to keep playing by the game of "money," and enjoy the headaches these "collapses" bring you, then so be it. But I have told you that we don't need them, and we would be MUCH happier without them.
It is possible. What life is is only limited by our imagination. After all, that's what money is!!!!! IMAGINARY!
Of course I understand your premise that money is only symbolic; what do you propose to replace "legal tender" with? -