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How long this global economic crisis would last?
Donald Wells 6 September, 2009, 21:15 I believe that the economy in the U.S. will not begin to recover until unemployment numbers turn positive.Meaning, no more losses.(Job Growth). At the present time we are caught in a Paradox. Job loss,mortgage default,property price decline.This doesn't even touch the derivatives market or hidden bank losses.Add to that a declining dollar do to QUANTATIVE EASING (printing money out of thin air) and corporate/political corruption. It is going to take a major overhaul of financial regulation and law to start to build trust and get the economies of the world on a stable platform.The people must make the changes,our governments have failed.
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007 24 September, 2009, 01:10 Our world is visionless, leaderless, and directionless, because central bankers run it. Unless we fix the dictatorial money monarchy that hides above phony democracy, the agony will now persist, culminating in a disastrous war. One year into this financial crisis and we have yet to see a concrete plan from our politicians! Other than war mongering, and illusory acrobatics… they got nothing. This is not a financial crisis, nor is a recession… it’s the culmination of years of central banking incompetence, and puppet presidents. --- The money powers prey upon the nation in times of peace, and conspire against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. In the near future a crisis is approaching that unnerves me and causes me to tremble for the safety of my country. Bankers have been enthroned, an era of corruption will follow and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated into a few hands and the republic is destroyed. U.S. President Abraham Lincoln, Nov. 21, 1864 ---
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Oberschwabe 16 November, 2009, 13:34 In my view the crisis has only just begun. Above all in the Western countries we're all bankrupt. The US-$ is just paper or worthless figures in the computer. The debts are really astronomic, above normal understanding. Calculate it yourself: distribute every second 300.000 $ for the span of one year and you'll get about the sum the US have spent (created out of nothing, just with a tip of the finger, only a promise to pay it back) in addition in a helpless effort to get over the crisis. And we people in Germany think that our wealth is a natural law, not coming from learning and hard work. We have no natural resources, only our brain and do nothing to prepare us for the coming situation.16 federal states with 16 different educations systems officially competing with each other, but in reality only a gameplace for useless politicians. No, we are already bankrupt. Thanks God the Chinese are still trapped with their huge amount of waste paper, called $. So I can hope that the big earth quake will only happen in some years and we still have a chance of living happily for some years in our bubble of wealth.
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johnu78 17 January, 2010, 09:43 Gold Buying Contributing To Criminality? http://www.youtube.com/watch?v=6GD5DYtuzfw
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mexmet gzc 2 February, 2010, 14:13 this financial crises is orchestrated by NWO... as known they are trying to globalize the world under one government.. for that they need to collapse all major economies.. and when people desperately need a solution they will show uP.. and establish one government and a centralized bank which will be under their control as Fed been... who controls the money will control the whole world... then will start full-time 1984 lifestyle, ...absolute power absolute corruption... ::
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sceptic55 14 January, 2011, 17:49 the global crisis will end only,when America pay her debts and the dollar is bury for life as a global currency.there is as well a need for all the bankers in USA who swallowed all the banks money to be executed or thrown into prison,and re-engineer the whole banking system,if not,be prepared,another crisis is just around the corner.
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canobs 5 January, 2012, 03:12 The crisis will last for a few years as US being bankrupt, their economy maintained by Oil and military production, keep printing borrowed worthless paper money from a privatized Fed (see the documentary video -- zeitgeist addendum -- ) not backed by anything (gold or resourse) China owning a dangerous part of US debt in treasury bonds, and most other currencies following US dollar by also privatized banks, Germany helped the euro from destruction (GoldmanSachs starting the destruction with Greece) but cannot do it too many times as only twenty per cent of German banks are Public banks. In US only one in NorthDakota____Other crisis more severe will appear after this one, UNLESS countries adapt the social-credit economy system of Clifford Hugh Douglas, apply the Tobin tax to stop the actual wild speculation and lobbeying ((legalized fraud) in the casino type market neoliberal economy, prohibit fiscal heavens and hedge funds___SO, better hope for the best
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