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Eight Steps to a Trillion-Dollar Meltdown

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posted on Apr, 13 2008 @ 07:48 AM
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Eight Steps to a Trillion-Dollar Meltdown


www.foreignpolicy.com

Who is to blame for the U.S. financial crisis? A review of the road to ruin reveals a course littered with more villains than heroes.

No, it’s not the Great Depression, but the United States is facing a nasty economy-wide retrenchment following the excesses of the 2000s, with no easy way to dance through it. Think 1979 to 1982, when then U.S. Federal Reserve Chairman Paul Volcker exor
(visit the link for the full news article)



[edit on 13-4-2008 by grover]




posted on Apr, 13 2008 @ 07:48 AM
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My only real comment on this is that the author has it wrong in that, no its not the Great Depression... when everything is played out... it will be worse.

www.foreignpolicy.com
(visit the link for the full news article)



posted on Apr, 13 2008 @ 09:51 AM
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All China has to do is turn in the T-Notes they hold $800 Billion to 1 Trillion worth that the US FED reserve would have to make good on would collapse the system. Why else would GWB be kissing Chinas ass.

Russia has been telling its people to change the US dollars into Euro's and drop the dollar period.

watch this video and see whats coming soon to the USA . its 44 minutes long but well worth watching.

video.google.ca...



posted on Apr, 13 2008 @ 09:59 AM
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You gotta remember its upto them how far they let it go. In theory it could be worse if they let it, but if they do not, it will not.

So it upto the rulers again, and will they let it go or not, time will only tell



posted on Apr, 13 2008 @ 10:06 AM
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People never connect the dots... we forget for example that Greenspan effectively created the recession in 2000... remember he kept talking about having to cool down an overheated economy and used that as the reason for raising rates... As in the credit union meltdown in the late 80's it really isn't the big boys you have to worry about... they have a vested interest in the status quo, its the smaller players who milk the system to make a quick buck that do the most damage... it was true in the great depression and its true now.



posted on Apr, 13 2008 @ 11:45 AM
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reply to post by Nailer
 


This guy in the video scared the #e out of me!

Everyone should see this....



posted on Apr, 13 2008 @ 02:50 PM
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On second thoughts don't bother, I just watched the second part of his interview....

George Green Pt 2

He has seen a saucer when he was in USAF with his Top Secret status.

He is in contact with ET's

Tunguska was caused by the Germans firing a nuclear missile.

The Germans got the techolgy for this missile from the Brits who found the Atlantian alien documents held by Tibets monks.

the US got the 2 nuclear bombs they dropped on the Japs from the Germans.

and it goes on and on..........




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