Is The Terrorist Our Own Federal Reserve????
First It Bails Out Insolvent Bankers and let's the Citizens Fail as bankers clamp down on credit and jack up interest rates.
Now is Benny B is about to Impoverish America????
WASHINGTON — The president of the World Bank said on Monday that America’s days as an unchallenged economic superpower might be numbered and that the dollar was likely to lose its favored position as the euro and the Chinese renminbi assume bigger roles.
“The United States would be mistaken to take for granted the dollar’s place as the world’s predominant reserve currency,” the World Bank president, Robert B. Zoellick, said in a speech at the School for Advanced International Studies at Johns Hopkins. “Looking forward, there will increasingly be other options to the dollar.”
You think Goldman Sachs and JP Morgan may have a few investments in China.....why should they lend to the FAT LAZY OVERLEVERAGED Americans massively defaulting on debt when they have a billion Chinese with no debt?????
Didn't the American citizens just bail them out????
If we don't restructure soon....there will be nothing left to restructure.
Osama Bin Laden couldn't have dreamed this much terror upon the American population resulting from destroying the dollar.
As I said in an earlier blog....when your currency is worthless, and your economy collapses, you better have chickens....and it takes a bunch of chickens to buy a tank of gas.
HARARE, Zimbabwe (CNN) -- Zimbabwe's education system is beginning to battle back from years of neglect and an exodus of teachers.
From a distance the Mathabisana school looks to be in an OK condition. But many parents still find it impossible to pay the U.S. $24 a year fees and some resort to using chickens as payment.
WHEN A NATION IS NOT SOCIALLY OR STRUCTURALLY PREPARED FOR POVERTY....ALL HELL BREAKS LOOSE WHEN IT FINALLY FACES THE CONSEQUENCES.
Household income declined across all groups, but at sharper percentage levels for middle-income and poor Americans. Median income fell last year from $52,163 to $50,303, wiping out a decade's worth of gains to hit the lowest level since 1997.
Poverty jumped sharply to 13.2 percent, an 11-year high.
"No one should be surprised at the increased disparity," said Richard Freeman, an economist at Harvard University. "Unemployment hurts normal workers who do not have the golden parachutes the folks at the top have."
NOR DO THEY GET BILLIONS IN BONUSES LIKE BANKERS...you think expenses went up since 1997??????????????????
You think the government is testing out its LRADs in San Diego and Pittsburgh just for fun??? Just ask the students in Pittsburgh what its like to be hit by one of those soundwaves.
You better be prepared.....9.09 has arrived....which stock do you think is a good buy now that we are running out of bullets...
Gun dealers experiencing shortages of bullets ...
ALSTRYDOMOUS HAS WARNED....NOW IN 9.09 WE HAVE A SHORTAGE OF BULLETS...WE ARE USING LETHAL HIGH TECH CROWD CONTROL DEVICES AGAINST OUR STUDENTS.....AND THE WORLD BANKS SAYS OUR DAYS ARE NUMBERED.......HMMMMMMMMM.