Friday, June 7, 2013

Financial Disaster ~ Expected American Economic Collapse in 2014

Expected American Economic Collapse in 2014


What was the real cause for the whole mess! When you lend to people who can't pay back and multiply it by trillions, you get into a whole lot of trouble. Even worse is when the government gets involved. The GLB didn't truly deregulate but actually gave the Federal Reserve more power. At least it helped strengthen privacy laws for customers.
the problem is stupidity spending your credit to a negative."

The problem is the notion of spending credit in the first place. Its not money. A debit card is a different animal.
Solution :
#1) Put Glass-Steagall back into place (thank you Bill Clinton for starting this mess)
#2) Start putting some of the Wall Street and Bankster Criminals on trial (there were over 800 convictions during the S&L crisis .... ZERO for this meltdown)
NOTHING has changed since the 2008 meltdown! Your points are well taken, but history will repeat and it will be far worse than 2008.

2 comments:

  1. "Americans are borrowing too much." I can only speak for myself and my family, WE DON'T BORROW!!! EVERYONE, and I do mean EVERYONE, should live the way that we do! There would be VERY FEW ECONOMIC PROBLEMS!If anyone is paying attention, they would know, this is ALL BY DESIGN to bring down the country and usher in the SATANIC NEW WORLD ORDER!

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  2. most civilization collapse at some point, the Egyptian, Babylonian, Chinese, Indian, Islamic,roman, today is western civilizations turn and is no way out, it cannot be save, so the coming brave new world is here to stay and its new civilization .....................

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