February 16, 2009
– Comments (4) |
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Ok As a single woman who lives on a very small budget. I will admit to you that I am scared. I do the best to be prepared. I don't think anything can prepare us for what is coming. Just watch all of the video's with an open mind. Now that I have scared myself silly.Here they are.
I've been saying the US will is bankrupt for years. No one, (even people on CAPS) wants to believe me. People seem to think we can just "inflate"our way out of these financial troubles. Personally I think this time is different. I dont think we will be able to inflate our way out of our troubles anymore. The US is going to pay the piper and that is a pretty big piper.
http://www.youtube.com/view_play_list?p=336F7E66E36E4934 Yes I have been saying the same thing. TY.
So wait, the top 5 banks hold $500 billion in toxic assets but the top 25 hold $13 trillion? How does the math work there... I'm talking about video 2 btw.
"The only thing we have to fear is fear itself." FDR
There are many similarities to the Great Deression, but this is not a time to hide and protect ourselves, it is time to pull together as Americans and act with courage and creativity. This is not the first or even the greatest crisis we have faced as a nation. I believe in the American people and I don't believe in a conspiracy.
We can and should hold our government accountable. Our citizens have been asleep at the switch, but the last election has given me hope. The economic crisis is an opportunity to become responsible again, to vote, to pay attention to our government and use the First Amendment rights. It is time to spend our money wisely, to work hard and take care of our families and our communities.
Power to the people. People immobilized by fear never accomplished much, but people who overcame fear to act with courage have accomplished every great act of humanity.
When we live beyond our means, buy Chinese goods at Walmart and run up the trade deficit with our personal deficit spending, we can hardly blame it all on our government.