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Originally posted by xpert11
Well to be frank I don't buy into the majority of conspiracy theory's put forward on ATS because they are fanciful. One exception to this is the idea that has been frequently floated about that from the economic ashes the Amero(SP?) and North American Union will rise like a phoenix . Given that the march of globalization will only continue in the after mouth of the Wall Street melt down and the precedence of the EU and the Euro the weight of logic would seem to support such an idea .
The only thing for certain is that a lot of people are going to lose there homes. Those who planned upon a thirty year mortgage may find the bank reminiscent on there deal and expecting the mortgage to be repaid a lot quicker .I was having dinner with a family member last night and almost lost it when I was watching a current affairs program and it was stated that banks are no longer giving loans to people who don't have documentation to prove there income .
The Federal Government is taking over the regulation of all consumer credit, including mortgages, mortgage broking, margin lending, payday lending, and financial counselling services.
This will be the first time lenders have faced national, rather than state-based, regulations.
The decision was made at the Council of Australian Governments (COAG) meeting today and will come into force in June 2009
Originally posted by Justin Oldham
Either way, we are dealing with people who no longer have our best interests in mind. That was my point, when I started this thread.
In my lifetime, the "national interest" died during the Presidency of George H.W. Bush. That's Bush41 to most people. The conspiracy theorists are not wrong to point out the Bush family's globalist agenda. Pawn's point is well taken, too. I started this thread so that we could talk about this problem from a lot of different perspectives.
This struggle goes beyond partisan conflict. It's not "political," as you and I think of the term. To borrow a line, "This isn't personal. It's just business." We already know how this story ends. We just need to be tough enough to see our way through it.
Either way, somebody will have to step in and pick up the pieces after the fact. No nation is immune to this downward spiral. Some take longer to hit bottom than others, but in the end...
I want to be clear on one last point. We need to understand that whenever and however it comes, our task will be to step in an pick up the pieces. It'll be our job to remember what life what like before it all went to spit ...and ...it'll be our job to chart a new course in to the future.