People and governments around the globe are fast running out of money. This is common news today, the inability to meet payments and the building up of debt. Though many individuals, corporations, towns, cities, states and sovereign governments are in this situation no one has gotten into deeper hock than the United States Government. They have been can borrow and provide without limit but now they have hit a wall. Reality always has a method of rearing its' ugly head and this is going to be ugly beyond comparison.
Inflation and depression, people are going to obtain an up close and personal look at howcome our Constitution was an important safeguard and what happens when people do not read from history. Since we ALL are paying the local debt, how about just sending a million dollars to every American to pay off their debt first and purchase what they need and need second. We will call it a loan to ourselves. If we are stuck together with the payments we may as well skills development some direct benefit even if it is fleeting. Most of America isn't even aware how close we came to a financial meltdown.
No I'm not talking regarding the '07-'08 crisis, but rather the very stealthy one that occurred in late 1998. So you thought that troubles were over for the banking system. Now, the about insurance reports that the 35 largest US banks shall return up $100 to $150 billion brief of capital subsequent to the Basel III global banking regulations kick in, with 90 per cent regarding the shortfall concentrated within the biggest six banks, regarding to Barclays Capital. To comply together with the liquidity requirements of Basel, these banks shall also should return up with 1/2 a trillion in cash or easy-to-sell assets. Have Republican policies ruined America?Each of their legislative and policy decisions created over the final 30 years has adversely affected the financial well-being and quality of life for most Americans.
Relaxing the regulations on Savings and amp; Loans proved to be a huge mistake within the 80's. It nearly gutted the Texas banking system and forced the closing of over 1,600 S and amp;L's and banks nationwide. Fortunately the Federal Deposit Insurance Corporation FDIC stepped in and was can unwind the banks and soften the affects regarding the failures. We are repeating our mistakes from the best depression. If we hold printing money we should be a 3rd world country.
China has already spoke about that the current socialist policies of our liberal leaders spell trouble and they aren't lending us money. I look this economy is being destroyed by the Obama administration creating use of the Cloward and Piven Strategy by crushing capitalism below its own weight. Then when everyone is on the government dole they have the manage over every two of us they want. It's an life grab nothing else.
No comments:
Post a Comment