Thursday, February 21, 2008

Troubling...

We've known for a while that the U.S. economy is in trouble. One of the things that is causing the trouble is the ability to buy debt cheap and resell it for a profit. Of course, the process is much more complicated than that, as are the reasons that this is causing problems to our economy. Now, it appears that the whole practice is part of a larger scheme to integrate our country with other countries in unions that we neither asked for nor approve of.

Here is just a sample of an article that supports this. Look at the bolded line in the article description below. They are priming us for a world union. Do we want this? Do we need this? No and no. What can be done? I'm taking suggestions.

Why Wall Street rescues are failing

The financial system has become dependent on debt and the transfer of risk via convoluted debt instruments, creating a mess that will require hundreds of billions of dollars and global cooperation to fix, says MSN Money columnist Jon Markman.

Click here for the article.

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