October surprise
Out of context: Reply #7
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- designbot0
Banks only need to have 10% of the total money on hand. The whole system is really quite scary. The sub prime mortgage crisis was mostly the result of banks borrowing money to people that they should have never borrowed money to. But really, the banks don't have the money to borrow anyways. They essentially are working off credit. The government does the same thing, and the Federal Reserve prints them money out of thin air. Inevitably with more imaginary money being circulated, the economy suffers greatly and inflation goes up. It's the biggest scam of all time. They do not need to raise taxes, because you and I will be paying for everything anyway. Prices will continue to increase, and we will hear the same old speculation and bogus reasoning for this.
- not really at all how it works...johndiggity
- which part? please...do explain.
If your saying I am incorrect, tell me what "is correct".designbot