Black People : Arab journalist writes about the American Economy

yeah! what she said!

:bowdown: Good Stuff!! :bowdown:

a million would ... be ... time 300 million ... but a thousand times 300 million would "only" be 300 billion. if we all had a grand to spend would that help?

...

but, if there is no actual money? .. er ... how would we "buy" land? and ... ah ... who holds title if all the mortgages have been sold?
 
Writsprit
I like your idea of issueing a Million Dollars back to every citizen.

Thanks for sharing. Hard times are here and it will get rougher.
The whole reason the last administration destroyed the Financial System was to break up the Union. The South does want a war, and they want a war with us!

So a Black President if he fails like RUSH wants and the South wants.. there will be anger and any old reason to fight is a good reason for irrational people.

I have one other thought and again its my own thinking that this economic free fall is deliberate. Somehow it does not make sense that the entire world was not watching its economic system and all fell at once.


So the current President is asking the Federal Reserve which are the Banks. To print up Trillions of Dollars and for Congress to reissue it back to them. There is something seriously wrong with this.

What good is a History Book in school. It does not contain the things that were discussed and said by Presidents and Founders of this Country that said the Union, the Ideals and Systems used will be destroyed. " If paper money is used. These warnings have been ignored "

What good is History to us as citizens when Congress purposely pretends to not know history or care to live by it's lessons. Congress put us where we are today!

My advice is to stock up on Rice, Beans, Can goods, like Fruit Cocktails so you can get your Vitamin C, and Water. Rationing may occur. The dollar may continue it's decline and having money may not buy you any food.

I believe that banking institutions are more dangerous to our liberties than standing armies. (Thomas Jefferson, US President)

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http://en.wikipedia.org/wiki/Thomas_Jefferson

His opposition to the Bank of the United States was fierce: "I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."[41] Nevertheless Madison and Congress, seeing the financial chaos caused by the lack of a national bank in the War of 1812, disregarded his advice and created the Second Bank of the United States in 1816.

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http://www.reformation.org/jackson_farewell_message.html

In his farewell speech, the President warns about the dangers of breaking up the Union. He warns about the dangers of a Central Bank and paper money. He says that all that is necessary for the defense of the U.S. is a well armed militia and a well prepared Navy.... Make as many copies of this speech as you can and distribute far and wide.

In times of prosperity, when confidence is high, they are tempted by the prospect of gain or by the influence of those who hope to profit by it to extend their issues of paper beyond the bounds of discretion and the reasonable demands of business; and when these issues have been pushed on from day to day, until public confidence is at length shaken, then a reaction takes place, and they immediately withdraw the credits they have given, suddenly curtail their issues, and produce an unexpected and ruinous contraction of the circulating medium, which is felt by the whole community.

http://en.wikipedia.org/wiki/Andrew_jackson

Election of 1828

During the election, Jackson's opponents referred to him as a "jack*ss." Jackson liked the name and used the jack*ss as a symbol for a while, but it died out. However, it later became the symbol for the Democratic Party

The Second Bank of the United States was authorized for a twenty year period during James Madison's tenure in 1816. As President, Jackson worked to rescind the bank's federal charter. In Jackson's veto message (written by George Bancroft), the bank needed to be abolished because:

It concentrated the nation's financial strength in a single institution.
It exposed the government to control by foreign interests.
It served mainly to make the rich richer.
It exercised too much control over members of Congress.
It favored northeastern states over southern and western states.

However, due to the practice of banks issuing paper banknotes that were not backed by gold or silver reserves, there was soon rapid inflation and mounting state debts.

http://en.wikipedia.org/wiki/Panic_of_1837

The Panic of 1837,
 

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