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Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency, told the European Parliament that President Barack Obama's massive stimulus package and banking bailout "will undermine the stability of the global financial market."
Originally posted by Mdv2
Who says Obama doesn't want to the ride the way to hell? My theory is that they want the Dollar to collapse, not specifically Obama, but the so-called NWO (or Bilderberg). If they make the Dollar collapse, the emerging powers will get a sh&tload of problems to face. It would be way worse for them than for the US.
Originally posted by ProfEmeritus
Topolanek is absolutely correct. In fact, it doesn't take a genius to realize that you cannot spend your way out of debt, by incurring more debt.
Think about that statement. That is what they are trying to do!
The way you get out of debt is by cutting spending, and beginning to pay back your debt. That is just the opposite of what they are doing.
This is not rocket science. This is Economics 101, pure and simple.
Even most people that got in over their head with their credit cards realize that the road to recovery is to "cut up your credit cards", don't use them again(no spending), and pay off the debt as quickly as possible, so as not to incur interest charges which will continue to increase the balance indefinitely.